Company Registration No. SC618216 (Scotland)
Chesser Homes Ltd
Unaudited accounts
for the year ended 31 January 2025
Chesser Homes Ltd
Unaudited accounts
Contents
Chesser Homes Ltd
Company Information
for the year ended 31 January 2025
Directors
Melvyn Douglas Stephen
Ian Joseph Oliva
Company Number
SC618216 (Scotland)
Registered Office
29 Groathill Road South
Edinburgh
EH4 2LS
Chesser Homes Ltd
Statement of financial position
as at 31 January 2025
Inventories
751,141
733,488
Cash at bank and in hand
266
2,490
Creditors: amounts falling due within one year
(777,900)
(758,900)
Net current liabilities
(26,485)
(22,770)
Net liabilities
(26,485)
(22,770)
Called up share capital
100
100
Profit and loss account
(26,585)
(22,870)
Shareholders' funds
(26,485)
(22,770)
For the year ending 31 January 2025 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 5 June 2025 and were signed on its behalf by
Ian Joseph Oliva
Director
Company Registration No. SC618216
Chesser Homes Ltd
Notes to the Accounts
for the year ended 31 January 2025
Chesser Homes Ltd is a private company, limited by shares, registered in Scotland, registration number SC618216. The registered office is 29 Groathill Road South, Edinburgh, EH4 2LS.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress, cost includes a relevant proportion of overheads according to the stage of completion.
Work in progress
751,141
733,488
Work in progress represents the total costs incurred to date on the company's development site.
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Amounts owed to group undertakings and other participating interests
777,900
758,900
7
Transactions with related parties
During the year, the company operated loan accounts with Quarrywood Property Limited (QPL) and Beaufort Property Company Limited (BPCL) who each hold 50% of its issued share capital. At the Balance Sheet date the amount due to QPL was £681,950 (PY: £681,950) and the amount due to BPCL was £95,950 (PY: £76,950) per Note 6 above.
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).