Chelsea Square Commercial Limited


Director	Burgering, Adrian Robert


Company Secretary	Burgering, Adrian Robert


Registered Address	28-30 Cricklewood Broadway
	London
	NW2 3HD


Registered Number	05036714 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		888,025		888,025
			888,025		888,025
Current assets
Debtors	4	9,200		29,171
Cash at bank and on hand		7,144		11,105
		16,344		40,276
Creditors amounts falling due within one year	5	(33,186)		(15,469)
Net current assets (liabilities)			(16,842)		24,807
Total assets less current liabilities			871,183		912,832
Creditors amounts falling due after one year	6		(622,500)		(622,500)
Net assets			248,683		290,332
Capital and reserves
Called up share capital			10,000		10,000
Other reserves			303,891		303,891
Profit and loss account			(65,208)		(23,559)
Shareholders' funds			248,683		290,332

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 Director acknowledges 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 Director on 20 May 2025, and are signed on its behalf by:

Burgering, Adrian Robert
Director
Registered Company No. 05036714

Chelsea Square Commercial Limited

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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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.

	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.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Land & buildings	Total
	£	£
Cost or valuation
At 01 January 24	888,025	888,025
At 31 December 24	888,025	888,025
Net book value
At 31 December 24	888,025	888,025
At 31 December 23	888,025	888,025

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	-	4,481
Amounts owed by group undertakings	9,200	24,690
Total	9,200	29,171

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	609	335
Amounts owed to related parties	20,855	4,127
Other creditors	697	47
Accrued liabilities and deferred income	11,025	10,960
Total	33,186	15,469


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	622,500	622,500
Total	622,500	622,500

7.	Guarantees provided on behalf of directors
	At year end the company was owed the following amounts from companies where Mr A Burgering is a common director and shareholder. Ingarangi Design and Build Ltd - £9,200 (2023 : £9,200) Koru London Ltd - £16,727 owed to (2023 : £15,490) Chelsea Square Residential Ltd - £4,127 owed to (2023 : £4,127 owed to)