Registration number: 14727938

Chilli Estates Limited

Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	626	75
Investment property	5	746,490	746,490
		747,116	746,565
Current assets
Debtors	6	388	205
Cash at bank and in hand		4,476	6,084
		4,864	6,289
Creditors: Amounts falling due within one year	7	(370,573)	(370,573)
Net current liabilities		(365,709)	(364,284)
Total assets less current liabilities		381,407	382,281
Creditors: Amounts falling due after more than one year	7	(390,788)	(390,788)
Net liabilities		(9,381)	(8,507)
Capital and reserves
Called up share capital		100	100
Retained earnings		(9,481)	(8,607)
Shareholders' deficit		(9,381)	(8,507)

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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Chilli Estates Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Chilli Estates Limited

Statement of Financial Position as at 31 March 2025

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

.........................................

Mrs A Dolan

Director

Company registration number: 14727938

Chilli Estates 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 and Wales.

The address of its registered office is:
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of property investment.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Long comparative accounting period

The comparative figures relate to the period from 15 March 2023 to 31 March 2024.

Going concern

The company made a loss for the period ended 31 March 2025 and had a net deficit of assets at that date of £9,381. The directors have confirmed that they will continue to provide financial support and will not request repayment of the amount of £365,175 due to them at 31 March 2025 until at such time the company has sufficient working capital.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities.

The company recognises revenue from rental contracts over the term of the lease.

Chilli Estates Limited

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture and fittings	2 years straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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 income statement 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. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company during the year was 0 (2024 - 0).

Chilli Estates Limited

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

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	150	150
Additions	1,074	1,074
At 31 March 2025	1,224	1,224
Depreciation
At 1 April 2024	75	75
Charge for the year	523	523
At 31 March 2025	598	598
Carrying amount
At 31 March 2025	626	626
At 31 March 2024	75	75

5	Investment properties

	2025 £
At 1 April 2024	746,490
At 31 March 2025	746,490

The investment properties are stated at fair value, as estimated by the directors at 31 March 2025 at an amount of £746,490

6

Debtors

	2025 £	2024 £
Other debtors	388	205
	388	205

Chilli Estates Limited

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

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Other creditors	370,573	370,573