REGISTERED NUMBER: 12694110 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

CHESTER ROAD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Z ul-Hassan

REGISTERED OFFICE:

29 Gildredge Road

Eastbourne

BN21 4RU

REGISTERED NUMBER:

12694110 (England and Wales)

ACCOUNTANTS:

Advanta

Chartered Accountants

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

FIXED ASSETS

Investment property

4

614,901

604,221

CURRENT ASSETS

Debtors

5

464,273

499,282

CREDITORS

Amounts falling due within one year

6

120,268

120,591

NET CURRENT ASSETS

344,005

378,691

TOTAL ASSETS LESS CURRENT LIABILITIES

958,906

982,912

CREDITORS

Amounts falling due after more than one year

7

982,490

964,043

NET (LIABILITIES)/ASSETS

(23,584

)

18,869

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(23,585

)

18,868

SHAREHOLDERS' FUNDS

(23,584

)

18,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 December 2025 and were signed by:

S Z ul-Hassan - Director

1.	STATUTORY INFORMATION

Chester Road Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Chester Road Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents amounts receivable for commercial rent.

Revenue from the sale of services is recognised by reference to the stage of completion and when the costs incurred and costs to complete can be estimated reliably. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2024

604,221

Additions

10,680

At 31 March 2025

614,901

NET BOOK VALUE

At 31 March 2025

614,901

At 31 March 2024

604,221

Cost or valuation at 31 March 2025 is represented by:

£

Valuation in 2023

548,423

Valuation in 2024

55,798

Valuation in 2025

10,680

614,901

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

614,901

604,221

Investment property was valued on an open market basis on 31 March 2025 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

452,601

494,696

Tax

-

2,593

Deferred tax asset

11,672

1,993

464,273

499,282

Amounts owed by group undertakings forms amounts owed by related companies. These are repayable upon demand but are not expected to be received within one year.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

116,954

85,964

Amounts owed to participating interests

2,186

73

Tax

34

2,628

Other creditors

-

30,896

Directors' current accounts

12

11

Accrued expenses

1,082

1,019

120,268

120,591

Other loans forms amounts owed to related companies. These are repayable upon demand but are not expected to be paid within one year.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more 5 yr by instal

359,855

359,786

Other loans more 5yrs non-inst

529,090

513,473

Amounts owed to group undertakings

93,545

90,784

982,490

964,043

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

529,090

513,473

Repayable by instalments

Bank loans more 5 yr by instal

359,855

359,786

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

359,855

359,786

Bank loans are secured by way of a fixed first charge over the leasehold property and a floating charge over all assets.

9.	DEFERRED TAX

£

Balance at 1 April 2024

(1,993

)

Provided during year

(9,679

)

Balance at 31 March 2025

(11,672

)

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11.	CONSOLIDATED FINANCIAL STATEMENTS

The company is a wholly owned subsidiary of One Capital RE Limited. One Capital RE Limited is exempt by virtue of section 399 of the Companies Act 2006 from the requirement to prepare consolidated financial statements. Copies of the financial statements for One Capital RE Limited can be obtained from Companies House in the United Kingdom.