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Registered number: 12377529
Chapel Lane Property Investment Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Long Eaton Office
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Chapel Lane Property Investment Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Chapel Lane Property Investment Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 12377529

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 415,000 |  | 409,999
|  |  | 415,000 |  | 409,999
CURRENT ASSETS
Debtors | 5 | 658 |  | 500 |
Cash at bank and in hand |  | 2,071 |  | 78,788 |
|  | 2,729 |  | 79,288 |
Creditors: Amounts Falling Due Within One Year | 6 | (245,504 ) |  | (312,276 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (242,775 ) |  | (232,988 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 172,225 |  | 177,011
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (150,869 ) |  | (145,489 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (5,911 ) |  | (4,961 )
NET ASSETS |  |  | 15,445 |  | 26,561
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Fair value reserve | 10 |  | 25,201 |  | 21,150
Profit and Loss Account |  |  | (9,856 ) |  | 5,311
SHAREHOLDERS' FUNDS |  |  | 15,445 |  | 26,561

Page 1
Page 2
Chapel Lane Property Investment Ltd
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Robert Macartney Director
01/08/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Chapel Lane Property Investment Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Chapel Lane Property Investment Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12377529 . The registered office is Office 15 Bramley House 2a, Bramley Road, Long Eaton, Nottinghamshire, NG10 3SX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | No depreciation

2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
Chapel Lane Property Investment Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
3. Average Number of Employees
Average number of employees, including directors, during the year was:

| 2024 |  | 2023
--- | --- | --- | ---
Office and administration | 1 |  | 1
| 1 |  | 1

4. Tangible Assets

| Investment Properties
--- | ---
| £
Cost or Valuation
As at 1 January 2024 | 409,999
Revaluation | 5,001
As at 31 December 2024 | 415,000
Net Book Value
As at 31 December 2024 | 415,000
As at 1 January 2024 | 409,999

5. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 158 |  | -
Other debtors | 500 |  | 500
| 658 |  | 500

6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Other creditors | 244,740 |  | 311,824
Director's loan account | 764 |  | 452
| 245,504 |  | 312,276

7. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 150,869 |  | 145,489

8. Secured Creditors
Of the creditors the following amounts are secured.

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 150,869 |  | 145,489

Page 4
Page 5
Chapel Lane Property Investment Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
9. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

10. Reserves

| Fair Value Reserve
--- | ---
| £
As at 1 January 2024 | 21,150
Transfer to profit and loss | 4,051
As at 31 December 2024 | 25,201

11. Related Party Transactions
There has been transactions between Chapel lane Property Investment Ltd and Chapel lane Property Developments (y/e balance £243,889) and Chapel lane Property Holdings company(y/e balance £850). Holdings company owns 100% shares in both other companies. The loans are interest free and repayable on demand.
12. Ultimate Controlling Party
The company's ultimate controlling party is Chapel Lane Property Holding Limited by virtue of its ownership of 100% of the issued share capital in the company.
Page 5