Registration number: 12526414

Chartwell Projects Limited

Contents

Company Information	1
Director's Report	2
Accountants' Report	3
Profit and Loss Account	4
Statement of Comprehensive Income	5
Balance Sheet	6
Statement of Changes in Equity	7
Notes to the Unaudited Financial Statements	8 to 11

Chartwell Projects Limited

Company Information

Director	Mr Garry Dean Filkins

Company secretary

Britannia Accountancy & Tax Ltd

Registered office

1633 Parkway Whiteley Fareham Hampshire PO15 7AH

Accountants

Britannia Accountancy & Tax Ltd 1633 Parkway Whiteley Fareham Hampshire PO15 7AH

Chartwell Projects Limited

Director's Report for the Year Ended 31 March 2025

The director presents his report and the financial statements for the year ended 31 March 2025.

Director of the company

The director who held office during the year was as follows:

Mr Garry Dean Filkins

Principal activity

The principal activity of the company is Renting properties

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 31 March 2025 and signed on its behalf by:

......................................... Mr Garry Dean Filkins Director

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Chartwell Projects Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Chartwell Projects Limited for the year ended 31 March 2025 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Chartwell Projects Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Chartwell Projects Limited and state those matters that we have agreed to state to the Board of Directors of Chartwell Projects Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chartwell Projects Limited and its Board of Directors as a body for our work or for this report. To the best of our knowledge at the time of preparation; all information contained in this report is accurate, based upon the information and representations made to us by Chartwell Projects Limited

It is your duty to ensure that Chartwell Projects Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Chartwell Projects Limited. You consider that Chartwell Projects Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Chartwell Projects Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

Britannia Accountancy & Tax Ltd
1633 Parkway
Whiteley
Fareham
Hampshire
PO15 7AH

31 March 2025

Chartwell Projects Limited

Profit and Loss Account for the Year Ended 31 March 2025

	Note	2025 £	2024 £
Turnover		-	140,042
Cost of sales		-	(148,626)
Gross loss		-	(8,584)
Administrative expenses		-	(34,240)
Operating loss		-	(42,824)
Loss before tax	4	-	(42,824)
Loss for the financial year		-	(42,824)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Chartwell Projects Limited

Statement of Comprehensive Income for the Year Ended 31 March 2025

	2025 £	2024 £
Loss for the year	-	(42,824)
Total comprehensive income for the year	-	(42,824)

Chartwell Projects Limited

(Registration number: 12526414)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	5	238,000	238,000
Tangible assets	6	4,265,485	4,265,485
		4,503,485	4,503,485
Current assets
Cash at bank and in hand		5,054	5,054
Creditors: Amounts falling due within one year	8	(4,549,002)	(4,549,003)
Net current liabilities		(4,543,948)	(4,543,949)
Net liabilities		(40,463)	(40,464)
Capital and reserves
Called up share capital	9	1	1
Retained earnings		(40,464)	(40,465)
Shareholders' deficit		(40,463)	(40,464)

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.

Director's 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 director acknowledges his 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 31 March 2025
 

......................................... Mr Garry Dean Filkins Director

Chartwell Projects Limited

Statement of Changes in Equity for the Year Ended 31 March 2025

	Share capital £	Retained earnings £	Total £
At 1 April 2024	1	(40,464)	(40,463)
At 31 March 2025	1	(40,464)	(40,463)

	Share capital £	Retained earnings £	Total £
At 1 April 2023	1	2,359	2,360
Loss for the year	-	(42,824)	(42,824)
At 31 March 2024	1	(40,465)	(40,464)

Chartwell Projects 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 is:
1633 Parkway
Whiteley
Fareham
Hampshire
PO15 7AH

These financial statements were authorised for issue by the director on 31 March 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 except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

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. Turnover is shown net of sales/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.

Tangible assets

Tangible assets are stated in the balance sheet 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, other than land and properties under construction over their estimated useful lives, as follows:

Chartwell Projects Limited

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

Asset class	Depreciation method and rate
Plant and machinery	18% on net book value
Vehicles	18% on net book value
Office equipment	18% on net book value
Furniture and fittings	18% on net book value

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% on cost

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 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. 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 (including the director) during the year, was 1 (2024 - 1).

4	Profit/loss before tax

Arrived at after charging/(crediting)

Chartwell Projects Limited

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

	2025 £	2024 £
Amortisation expense	-	34,000

5	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	340,000	340,000
At 31 March 2025	340,000	340,000
Amortisation
At 1 April 2024	102,000	102,000
At 31 March 2025	102,000	102,000
Carrying amount
At 31 March 2025	238,000	238,000
At 31 March 2024	238,000	238,000

6	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 April 2024	4,265,485	4,265,485
At 31 March 2025	4,265,485	4,265,485
Depreciation
Carrying amount
At 31 March 2025	4,265,485	4,265,485
At 31 March 2024	4,265,485	4,265,485

Included within the net book value of land and buildings above is £4,265,485 (2024 - £4,265,485) in respect of freehold land and buildings.
 

7

Debtors

Current	2025 £	2024 £
	-	-

Chartwell Projects Limited

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

Non-current	2025 £	2024 £
	-	-

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	4,549,002	4,549,003

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

10	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	4,549,002	4,549,003

11

Dividends

Interim dividends paid

	2025 £	2024 £
Interim dividend of £0 per each Ordinary share	-	-