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Company Registration No. 5012387 (England and Wales)
Chiefplace Estates Limited Unaudited accounts for the year ended 30 April 2025
Chiefplace Estates Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Chiefplace Estates Limited Company Information for the year ended 30 April 2025
Directors
Paul Hedges Paul Hedges
Company Number
5012387 (England and Wales)
Registered Office
New Westcliff Hotel 27-29 Chine Crescent Bournemouth DORSET BH2 5LB
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Chiefplace Estates Limited Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
1,345,351
1,384,070
Current assets
Inventories
500
500
Debtors
6
9,335
16,128
Cash at bank and in hand
723,632
597,441
733,467
614,069
Creditors: amounts falling due within one year
7
(234,783)
(235,187)
Net current assets
498,684
378,882
Total assets less current liabilities
1,844,035
1,762,952
Creditors: amounts falling due after more than one year
8
(364,448)
(401,268)
Provisions for liabilities
Deferred tax
(5,571)
(5,571)
Net assets
1,474,016
1,356,113
Capital and reserves
Share premium
1,000
1,000
Profit and loss account
1,473,016
1,355,113
Shareholders' funds
1,474,016
1,356,113
For the year ending 30 April 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 18 November 2025 and were signed on its behalf by
Paul Hedges Director Company Registration No. 5012387
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Chiefplace Estates Limited Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Chiefplace Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 5012387. The registered office is New Westcliff Hotel, 27-29 Chine Crescent, Bournemouth, DORSET, BH2 5LB .
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
4 year Straight Line Basis
Fixtures & fittings
20% Reducing Balance
Computer equipment
3 year Straight Line Basis
4
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2024
170,000
At 30 April 2025
170,000
Amortisation
At 1 May 2024
170,000
At 30 April 2025
170,000
Net book value
At 30 April 2025
-
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Chiefplace Estates Limited Notes to the Accounts for the year ended 30 April 2025
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2024
1,264,215
137,475
232,979
5,882
1,640,551
At 30 April 2025
1,264,215
137,475
232,979
5,882
1,640,551
Depreciation
At 1 May 2024
-
39,369
211,230
5,882
256,481
Charge for the year
-
34,369
4,350
-
38,719
At 30 April 2025
-
73,738
215,580
5,882
295,200
Net book value
At 30 April 2025
1,264,215
63,737
17,399
-
1,345,351
At 30 April 2024
1,264,215
98,106
21,749
-
1,384,070
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
3,946
Accrued income and prepayments
6,472
6,182
Other debtors
2,863
6,000
9,335
16,128
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
69,000
69,337
VAT
1,814
-
Trade creditors
75,129
99,348
Taxes and social security
82,640
57,826
Other creditors
-
2,476
Accruals
6,200
6,200
234,783
235,187
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
364,448
401,268
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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