Company No: 15475651 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR	Brandon Chant (Appointed 09 February 2024, Resigned 01 March 2024)
	Orson Carr Godfrey (Appointed 09 February 2024)
	Samuel Alexander Stoddart (Appointed 09 February 2024, Resigned 24 July 2024)

REGISTERED OFFICE	9 Bradley Road
	London
	N22 7SZ
	United Kingdom

COMPANY NUMBER

15475651 (England and Wales)

ACCOUNTANT	Ian Walker & Co
	Wellington House
	Aviator Court
	Clifton Moor
	York
	YO30 4UZ

	Note	31.03.2025		08.02.2024
		£		£
Fixed assets
Tangible assets	3	79,950		0
		79,950		0
Current assets
Debtors	4	24,831		0
Cash at bank and in hand	5	3,373		0
		28,204		0
Creditors: amounts falling due within one year	6	( 225,029)		0
Net current liabilities		(196,825)		0
Total assets less current liabilities		(116,875)		0
Creditors: amounts falling due after more than one year	7	( 10,000)		0
Provision for liabilities	8	( 19,988)		0
Net liabilities		( 146,863)		0
Capital and reserves
Called-up share capital	9	3		0
Profit and loss account		( 146,866 )		0
Total shareholder's deficit		( 146,863)		0

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

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Chaseside Propulsion Ltd (registered number: 15475651) were approved and authorised for issue by the Director on 25 September 2025. They were signed on its behalf by:

Orson Carr Godfrey Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Chaseside Propulsion Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 9 Bradley Road, London, N22 7SZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	20 % reducing balance
Computer equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	Period from 09.02.2024 to 31.03.2025		Year ended 08.02.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including the director	8		0

3. Tangible assets

	Vehicles		Computer equipment		Total
	£		£		£
Cost
At 09 February 2024	0		0		0
Additions	110,752		780		111,532
Disposals	( 14,075)		0		( 14,075)
At 31 March 2025	96,677		780		97,457
Accumulated depreciation
At 09 February 2024	0		0		0
Charge for the financial period	17,359		148		17,507
At 31 March 2025	17,359		148		17,507
Net book value
At 31 March 2025	79,318		632		79,950
At 08 February 2024	0		0		0

4. Debtors

	31.03.2025		08.02.2024
	£		£
Trade debtors	10,716		0
Other taxation and social security	13,760		0
Other debtors	355		0
	24,831		0

5. Cash and cash equivalents

	31.03.2025		08.02.2024
	£		£
Cash at bank and in hand	3,373		0

6. Creditors: amounts falling due within one year

	31.03.2025		08.02.2024
	£		£
Trade creditors	27,637		0
Other creditors	197,392		0
	225,029		0

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

	31.03.2025		08.02.2024
	£		£
Other creditors	10,000		0

There are no amounts included above in respect of which any security has been given by the small entity.

8. Deferred tax

	31.03.2025		08.02.2024
	£		£
At the beginning of financial period/year	0		0
Charged to the Profit and Loss Account	( 19,988)		0
At the end of financial period/year	( 19,988)		0

9. Called-up share capital

	31.03.2025		08.02.2024
	£		£
Allotted, called-up and fully-paid
3 Ordinary shares of £ 1.00 each (08.02.2024: nil shares)	3		0