Chestnut Properties (SMALES) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 13362877 (England and Wales)

CHESTNUT PROPERTIES (SMALES) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH APRIL 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C D Smales

REGISTERED OFFICE:

16 Chestnut Road

Cawood

Selby

North Yorkshire

YO8 3TB

REGISTERED NUMBER:

13362877 (England and Wales)

ACCOUNTANTS:

KTC

Chartered Certified Accountants

80 West View

Barlby Road

Selby

North Yorkshire

YO8 5BD

FIXED ASSETS

Investment property

4

365,000

310,000

CURRENT ASSETS

Debtors

5

277

228

Cash at bank

22,249

17,251

22,526

17,479

CREDITORS

Amounts falling due within one year

6

(50,535

)

(50,055

)

NET CURRENT LIABILITIES

(28,009

)

(32,576

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

336,991

277,424

CREDITORS

Amounts falling due after more than one
year

7

(233,711

)

(233,711

)

PROVISIONS FOR LIABILITIES

(20,008

)

(9,558

)

NET ASSETS

83,272

34,155

CAPITAL AND RESERVES

Called up share capital

3

Revaluation reserve

8

85,296

40,746

Retained earnings

(2,027

)

(6,594

)

83,272

34,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 17th December 2025 and were signed by:

Mr C D Smales - Director

1.	STATUTORY INFORMATION

Chestnut Properties (SMALES) 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.

Turnover

Turnover represents rents receivable, excluding value added tax.

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 NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st May 2024

310,000

Revaluations

55,000

At 30th April 2025

365,000

NET BOOK VALUE

At 30th April 2025

365,000

At 30th April 2024

310,000

Fair value at 30th April 2025 is represented by:

£

Valuation in 2022

23,052

Valuation in 2023

27,252

Valuation in 2025

55,000

Cost

259,696

365,000

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

2025

2024

£

Cost

259,696

Investment property was valued on an open market basis on 30th April 2025 by Carl Smales, director of the company .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Prepayments

277

228

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Directors' current accounts

48,466

48,154

Accruals and deferred income

2,069

1,901

50,535

50,055

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Mortgages

133,162

Other creditors

100,549

233,711

8.

RESERVES

Revaluation

reserve

£

At 1st May 2024

40,746

Surplus/deficit on revaluation

55,000

Deferred tax movement

(10,450

)

At 30th April 2025

85,296

9.	RELATED PARTY DISCLOSURES

As at 30 April 2025 the company owed Park Row Property (Smales) Ltd, a company Mr C Smales is the shareholder and director of £100,549 (2024 - £100,549).