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Company Registration No. 13291812 (England and Wales)
226 Chillingham Road Ltd Unaudited accounts for the year ended 31 December 2024
226 Chillingham Road Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
226 Chillingham Road Ltd Company Information for the year ended 31 December 2024
Directors
Christopher John Henry Christopher Paton
Company Number
13291812 (England and Wales)
Registered Office
40 Warton Terrace Newcastle Upon Tyne Tyne and Wear NE6 5LS England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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226 Chillingham Road Ltd Accountants' report
Accountants' report to the board of directors of 226 Chillingham Road Ltd on the preparation of the unaudited statutory accounts for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 226 Chillingham Road Ltd for the year ended 31 December 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of 226 Chillingham Road Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of 226 Chillingham Road Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 226 Chillingham Road Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that 226 Chillingham Road Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of 226 Chillingham Road Ltd. You consider that 226 Chillingham Road Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of 226 Chillingham Road Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 25 June 2025
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226 Chillingham Road Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
4
1,832,499 
1,832,499 
Current assets
Debtors
5
23,948 
24,590 
Cash at bank and in hand
10,271 
20,827 
34,219 
45,417 
Creditors: amounts falling due within one year
6
(126,429)
(126,730)
Net current liabilities
(92,210)
(81,313)
Total assets less current liabilities
1,740,289 
1,751,186 
Creditors: amounts falling due after more than one year
7
(1,497,570)
(1,430,059)
Provisions for liabilities
Deferred tax
8
(64,206)
(83,808)
Net assets
178,513 
237,319 
Capital and reserves
Called up share capital
12 
12 
Revaluation reserve
402,719 
420,036 
Profit and loss account
(224,218)
(182,729)
Shareholders' funds
178,513 
237,319 
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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by
Christopher John Henry Director Company Registration No. 13291812
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226 Chillingham Road Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
226 Chillingham Road Ltd is a private company, limited by shares, registered in England and Wales, registration number 13291812. The registered office is 40 Warton Terrace, Newcastle Upon Tyne, Tyne and Wear, NE6 5LS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 January 2024
1,832,499 
Additions
23,090 
Net loss from fair value adjustments
(23,090)
At 31 December 2024
1,832,499 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
9,928 
14,590 
Other debtors
14,020 
10,000 
23,948 
24,590 
- 6 -
226 Chillingham Road Ltd Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
125,709 
125,710 
Accruals
720 
1,020 
126,429 
126,730 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,120,470 
- 
Amounts owed to group undertakings and other participating interests
10,450 
8,349 
Other creditors
365,322 
1,283,952 
Loans from directors
1,328 
137,758 
1,497,570 
1,430,059 
Included in long term creditors is a bank loan secured on the investment property. A personal guarantee has been provided.
8
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
134,239 
140,012 
Tax losses carried forward
(70,033)
(56,204)
64,206 
83,808 
2024 
2023 
£ 
£ 
Provision at start of year
83,808 
- 
(Credited)/charged to the profit and loss account
(19,602)
83,808 
Provision at end of year
64,206 
83,808 
Comparatives have been restated for deferred tax on revaluation of investment properties, and deferred tax asset on taxable losses.
9
Transactions with related parties
Related party loans are as follows: Long-term director's loan of £137,758 (2023 - £137,758, including interest of £12,403 (2023 - £12,403) for the period. Parent company interest-free loan of £8,349 (2023 - £8,349). Other long-term related party loans of £139,832 (2023 - £139,832, including interest of £12,403 (2023 - £12,403) for the period. Short-term interest-free related party loans of £125,709 (2023 - £125,709).
- 7 -
226 Chillingham Road Ltd Notes to the Accounts for the year ended 31 December 2024
10
Controlling party
Aspire Group Holdings Ltd Company registration number 11761031 Clavering House, Clavering Place Newcastle upon Tyne Tyne and Wear NE1 3NG England
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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