Registrar

Registration number: 13410036

Chester Residential Lettings Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Chester Residential Lettings Limited

Company Information

Directors

Mr J M Olley Mr J M A Olley Mr J G Depledge

Registered office

32 Carlton Way Bishops Stortford Hertfordshire CM23 2WP

Bankers

Barclays Bank Leicester Leicestershire LE87 2BB

Accountants

Lambert Chapman LLP 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Chester Residential Lettings Limited

(Registration number: 13410036)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	242,500	-
Current assets
Stocks	5	-	251,000
Cash at bank and in hand		31,437	22,143
		31,437	273,143
Creditors: Amounts falling due within one year	6	(78,501)	(78,250)
Net current (liabilities)/assets		(47,064)	194,893
Total assets less current liabilities		195,436	194,893
Creditors: Amounts falling due after more than one year	6	(179,825)	(179,825)
Net assets		15,611	15,068
Capital and reserves
Called up share capital	7	100	100
Retained earnings		15,511	14,968
Shareholders' funds		15,611	15,068

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 December 2025 and signed on its behalf by:
 

Mr J M A Olley
Director

Chester Residential Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office and principle place of business is: 32 Carlton Way, Bishops Stortford, Hertfordshire, CM23 2WP.

These financial statements were authorised for issue by the Board on 15 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of management services to management properties in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary material differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Chester Residential Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Chester Residential Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	251,000	251,000
Revaluations	(8,500)	(8,500)
At 31 March 2025	242,500	242,500
Depreciation
Carrying amount
At 31 March 2025	242,500	242,500

5

Stocks

	2025 £	2024 £
Other inventories	-	251,000

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	2,121	1,960
Other creditors	75,300	76,290
Accruals and deferred income	1,080	-
	78,501	78,250

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	179,825	179,825

Chester Residential Lettings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares A of £1 each	75	75	75	75
Ordinary Shares B of £1 each	25	25	25	25
	100	100	100	100

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	179,825	179,825

9	Related party transactions

Loans from related parties

2025	Key management £	Total £
At start of period	50,375	50,375
Repaid	(450)	(450)
At end of period	49,925	49,925

2024	Key management £	Total £
At start of period	50,375	50,375
At end of period	50,375	50,375

Terms of loans from related parties

Hyelm Residential Lettings Limited 2025 £49,925 (2024) £49,925.

Hyelm Investments Limited 2025 £0 (2024) £450.