Chelsea Real Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09996048

CHELSEA REAL PROPERTIES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

CHELSEA REAL PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Investments	4		324,939	324,939

Current assets

Debtors	5	256,770	315,990
Cash at bank and in hand		2,299	81
		----------	----------
		259,069	316,071

Creditors: amounts falling due within one year	6	397,005		447,773
		----------		----------
Net current liabilities			137,936	131,702
			----------	----------
Total assets less current liabilities			187,003	193,237

Creditors: amounts falling due after more than one year	7	24,538	30,093
		----------	----------
Net assets		162,465	163,144
		----------	----------

Capital and reserves

Called up share capital	100	100
Share premium account	159,670	159,670
Profit and loss account	2,695	3,374
	----------	----------
Shareholders funds	162,465	163,144
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

CHELSEA REAL PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

A Shaikh
Director

Company registration number: 09996048

CHELSEA REAL PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Century House, 100 Menzies Road, Hastings, TN38 9BB, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

Going concern

In accordance with the director's responsibilities, the director has considered the appropriateness of the going concern basis for the preparation of the financial statements. For this purpose, the director has considered the adequacy of the company's cash resources covering the period 12 months ahead of the approval of these financial statements. The director has reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the director continues to adopt the going concern basis in preparing these financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

4. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	324,939
	----------
Impairment
At 1 January 2024 and 31 December 2024	–
	----------

Carrying amount
At 31 December 2024	324,939
	----------
At 31 December 2023	324,939
	----------

5. Debtors

	2024	2023
	£	£
Amounts due from related parties	256,770	315,900
Other debtors	–	90
	----------	----------
	256,770	315,990
	----------	----------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	5,556	5,556
Accruals and deferred income	90	534
Other creditors	29,999	29,999
Amounts owed to related parties	361,360	411,684
	----------	----------
	397,005	447,773
	----------	----------

7. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	24,538	30,093
	---------	---------

IIncluded within creditors: amounts falling due after more than one year is an amount of £2,315 (2023: £7,870) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

8. Related party transactions

At 31 December 2024, creditors, amounts falling due within one year, included amounts owed to related parties amounting to £119,182 (2023: £169,506), in respect of a director's loan account. The loan is interest free, unsecured and repayable on demand. At 31 December 2024, creditors, amounts falling due within one year, included amounts owed to related parties amounting to £242,178 (2023: £242,178), in respect of amounts owed to companies under common control and connected individuals. The loans are interest free, unsecured and repayable on demand. At 31 December 2024, debtors, amounts falling due within one year, included amounts owed by related parties amounting to £256,770 (2023: £315,900). The company is exempt from disclosing related party transactions with other companies that are wholly owned within the group.