CHALYBEATE PROPERTY LTD


Directors	BRUDENELL-LEECH, John Frederick
	HARRIMAN-SMITH, Asher Sorche Storm, Mx
	SCOTT-READ, Afsaneh
	SMITH, George Frederick


Company Secretary	BRUDENELL-LEECH, John Frederick


Registered Address	Unit 21 Kingstanding Way
	Tunbridge Wells
	TN2 3GP


Registered Number	08475350 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		4,661,795		4,661,795
			4,661,795		4,661,795
Current assets
Debtors	4	435,461		4,183
Cash at bank and on hand		2,104,967		2,577,310
		2,540,428		2,581,493
Creditors amounts falling due within one year	5	(6,785,907)		(6,917,171)
Net current assets (liabilities)			(4,245,479)		(4,335,678)
Total assets less current liabilities			416,316		326,117
Net assets			416,316		326,117
Capital and reserves
Called up share capital			2		2
Profit and loss account			416,314		326,115
Shareholders' funds			416,316		326,117

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 16 September 2025, and are signed on its behalf by:

BRUDENELL-LEECH, John Frederick
Director
Registered Company No. 08475350

CHALYBEATE PROPERTY LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

2.	Average number of employees


		2024		2023
	Average number of employees during the year	4		4

3.	Tangible fixed assets

	Land & buildings	Total
	£	£
Cost or valuation
At 01 January 24	4,661,795	4,661,795
At 31 December 24	4,661,795	4,661,795
Net book value
At 31 December 24	4,661,795	4,661,795
At 31 December 23	4,661,795	4,661,795

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	13,289	-
Other debtors	420,856	-
Prepayments and accrued income	1,316	4,183
Total	435,461	4,183

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Amounts owed to related parties	6,742,037	6,894,627
Taxation and social security	30,020	807
Other creditors	-	7,887
Accrued liabilities and deferred income	13,850	13,850
Total	6,785,907	6,917,171

6.	Controlling party
	The ultimate controlling parties are MMB Harriman-Smith and her husband GF Smith, who own 100% of the shares in the company's immediate parent, Decimus Palace Limited, incorporated in England and Wales

7.	Parent-subsidiary relationships
	Decimus Palace Limited (The immediate parent of the company) During the year Chalybeate Properties Limited paid expenses on behalf of Decimus Palace Limited, comprising a dividend of £1,200,000 (2023 - £1,000,000), accountancy fees of £2,520 (2023 - £2,520) and sundry expenses of £70 (2023 - £70). At the year end, the balance due to Decimus Palace Limited was £6,742,037 (2023 - £6,894,627).

Parent-subsidiary relationships

Decimus Palace Limited (The immediate parent of the company)
During the year Chalybeate Properties Limited paid expenses on behalf of Decimus Palace Limited,
comprising a dividend of £1,200,000 (2023 - £1,000,000), accountancy fees of £2,520 (2023 - £2,520)
and sundry expenses of £70 (2023 - £70). At the year end, the balance due to Decimus Palace Limited
was £6,742,037 (2023 - £6,894,627).