Chilton House Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 02615570

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		1,250,000		1,200,000

			1,250,000		1,200,000
CURRENT ASSETS
Debtors	5	13,900		834
Cash at bank and in hand		28,450		15,124

		42,350		15,958
Creditors: Amounts Falling Due Within One Year	6	(23,062 )		(16,186 )

NET CURRENT ASSETS (LIABILITIES)			19,288		(228 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,269,288		1,199,772

Creditors: Amounts Falling Due After More Than One Year	7		(364,320 )		(364,320 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(42,279 )		-

NET ASSETS			862,689		835,452

CAPITAL AND RESERVES
Called up share capital	8		2		2
Revaluation reserve	9		677,205		627,205
Profit and Loss Account			185,482		208,245

SHAREHOLDERS' FUNDS			862,689		835,452

Page 1

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Chilton House Properties Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 Geoffrey Kingston

Director

12 August 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Chilton House Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02615570 . The registered office is Unit 8, Oak Spinney Park Ratby Lane, Leicester Forest East, Leicester, Leicestershire, LE3 3AW.

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. Turnover

Turnover represents rents receivable and is recognised in the accounting period that it is earnt.

2.3. Investment Properties

Tangible fixed assets include investment properties professionally valued by Chartered Surveyors on an existing use open

market value basis.

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those

investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated.

In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair

view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this

which might otherwise have been charged cannot be separately identified or quantified.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	1,200,000
Revaluations	50,000

As at 31 March 2025	1,250,000

The investment properties were revalued as at 31 March 2025 by G Kingston, a retired property surveyor and director of the company, on an open market basis.The historical cost was £572,795. No depreciation is provided in respect of these properties.

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	13,900	834

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	11,365	4,621
Taxation and social security	11,697	11,565

	23,062	16,186

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Chilton House Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

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

	2025	2024
	£	£
Other creditors	364,320	364,320

Long term creditors are secured on the investment properties held by the company.

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

9. Reserves

	Revaluation Reserve
	£
As at 1 April 2024	627,205
Surplus on revaluation	50,000

As at 31 March 2025	677,205

10. Related Party Transactions

At 31 March 2024 the company owed £324,420 to Daleston Number 2 Trust, of which Mr and Mrs Kingston were trustees. Interest was payable quarterly in arrears, at the Official Rate. Interest totalling £4,073 (2024: £7,483) was paid to the Trust during the year. The trust was wound up on 16 October 2024 whereupon the loan balance owed on that date of £321,420 was reassigned from the trust to Mr and Mrs Kingston.

At 31 March 2025 the company owed £321,420 (2024: £nil) on the loan from Mr and Mrs Kingston. No interest is paid on this loan.

11. Ultimate Controlling Party

The company is under the control of G Kingston and his wife Mrs K Kingston, directors of the company, who together own 100% of the issued share capital of the company.

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