REGISTERED NUMBER: 02077205 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CHATLEASE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S Feld

REGISTERED OFFICE:

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

REGISTERED NUMBER:

02077205 (England and Wales)

ACCOUNTANTS:

Carter & Coley

Chartered Accountants

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

FIXED ASSETS

Tangible assets

4

14,413

17,608

Investment property

5

1,143,874

1,578,874

1,158,287

1,596,482

CURRENT ASSETS

Debtors

6

28,808

32,927

Cash at bank

475,713

93,791

504,521

126,718

CREDITORS

Amounts falling due within one year

7

20,723

28,822

NET CURRENT ASSETS

483,798

97,896

TOTAL ASSETS LESS CURRENT LIABILITIES

1,642,085

1,694,378

CAPITAL AND RESERVES

Called up share capital

500,000

500,000

Revaluation reserve

8

223,617

223,617

Retained earnings

918,468

970,761

1,642,085

1,694,378

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 her 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 15 September 2025 and were signed by:

Mrs S Feld - Director

1.	STATUTORY INFORMATION

Chatlease 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.

Turnover

Turnover comprises rents due for the accounting period.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, not of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and Fittings 15% on reducing balance.

Computers 33.3% on straight line.

Motor Vehicles 25% on reducing balance.

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 the profit or loss.

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.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value at the reporting end date. Changes in fair value are 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

93,825

Additions

536

At 31 March 2025

94,361

DEPRECIATION

At 1 April 2024

76,217

Charge for year

3,731

At 31 March 2025

79,948

NET BOOK VALUE

At 31 March 2025

14,413

At 31 March 2024

17,608

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,578,874

Disposals

(435,000

)

At 31 March 2025

1,143,874

NET BOOK VALUE

At 31 March 2025

1,143,874

At 31 March 2024

1,578,874

The director reviewed the valuation of the freehold investment properties at the year end date. After taking into consideration the current state of the market and the property condition, the director determined that the carrying value of the properties in the accounts did not require a revaluation at the year end date. The historic cost of the freehold investment properties is £920,257.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

18,962

28,162

Other debtors

9,846

4,765

28,808

32,927

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

5,040

-

Other creditors

15,683

28,822

20,723

28,822

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

223,617

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Dividends totalling £0 (2024 - £370,000) were paid during the year.

During the year the opening director's overdrawn loan account balance was repaid. At the year end there was a balance due to the company of £9,846 which has since been repaid..