CHASFAR ESTATES LIMITED - Filleted accounts

Registered number

00506483

CHASFAR ESTATES LIMITED

Filleted Accounts

31 March 2025

CHASFAR ESTATES LIMITED
Registered number:		00506483
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		-			105,196
Investments	4		2,377,820			-
			2,377,820			105,196

Current assets
Debtors	5	298,752			1,202,765
Cash at bank and in hand		925,245			918,604
		1,223,997			2,121,369

Creditors: amounts falling due within one year	6	(25,728)			(24,561)

Net current assets			1,198,269			2,096,808

Total assets less current liabilities			3,576,089			2,202,004


Provisions for liabilities			(283,430)			-


Net assets			3,292,659			2,202,004

Capital and reserves
Called up share capital			1,500			1,500
Revaluation reserve	7		-			307,186
Profit and loss account			3,291,159			1,893,318

Shareholders' funds			3,292,659			2,202,004

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




G M Peck
Director
Approved by the board on 24 December 2025

CHASFAR ESTATES LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings					over 50 years

	Investments
	Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
								Land and buildings
£
	Cost
	At 1 April 2024							283,707
	Additions							960,393
	Transfer to investment property							(1,244,100)
	At 31 March 2025							-

	Depreciation
	At 1 April 2024							178,511
	Adjustment on asset transfer							(178,511)
	At 31 March 2025							-

	Net book value
	At 31 March 2025							-
	At 31 March 2024							105,196


4	Investments

Other
investments
£
	Cost
	Additions							1,244,100
	Revaluation							1,133,720

	At 31 March 2025							2,377,820

	Historical cost
	At 31 March 2025							1,244,040



5	Debtors					2025		2024
£							£

	Trade debtors					34,687		41,388
	Other debtors					264,065		1,161,377
						298,752		1,202,765


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Taxation and social security costs					20,619		12,289
	Other creditors					5,109		12,272
						25,728		24,561


7	Revaluation reserve					2025		2024
£							£

	At 1 April 2024					(307,186)		(307,186)
	Transfer to profit and loss account					307,186		-

	At 31 March 2025					-		(307,186)


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	G M Peck
	This loan is repayable at £622 per month including interest at 3%	16,161		-		(7,075)		9,086

	Mrs M Poulton
	Bridging loan repayable within 12 months	800,000		-		(800,000)		-

		816,161		-		(807,075)		9,086


9	Related party transactions

	During the year the company paid Geoffrey Peck Consultants LLP, a business controlled by G M Peck, fees amounting to £16,764 (2024 - £19,622) for accounting and other services provided. At the year end the company owed the LLP £4,500 (2024 - £4,224). This is included in other creditors in note 6.

10	Other information

	CHASFAR ESTATES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Kempston
	Mill Hill
	Edenbridge
	Kent
	TN8 5DQ