Chatsworth Court Freehold Company Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05260711 (England and Wales)

Financial Statements for the Year Ended 31 October 2025

for

Chatsworth Court Freehold Company Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L L North

Mrs F J Arkle

Ms J J P Botsford

Mr R Harney

Mr M Zafar

REGISTERED OFFICE:

C/O C A Daw & Son Limited

Managing Agent

27 Palace Gate

London

W8 5LS

REGISTERED NUMBER:

05260711 (England and Wales)

ACCOUNTANTS:

City, Chartered Accountants

Suite 540, 5th Floor,

Linen Hall

162- 168 Regent Street

London

W1B 5TF

FIXED ASSETS

Tangible assets

4

55,537

18,986

CURRENT ASSETS

Debtors

5

16,056

10,929

Investments

6

300,000

Cash at bank

87,964

110,084

404,020

421,013

CREDITORS

Amounts falling due within one year

7

(2,620

)

(5,697

)

NET CURRENT ASSETS

401,400

415,316

TOTAL ASSETS LESS CURRENT
LIABILITIES

456,937

434,302

RESERVES

Unrestricted fund - Member

8

119

Restricted fund - Members

8

74

Income and expenditure account

8

456,744

434,109

456,937

434,302

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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 Board of Directors and authorised for issue on 26 May 2026 and were signed on its behalf by:

Ms J J P Botsford - Director

1.	STATUTORY INFORMATION

Chatsworth Court Freehold Company Ltd is a private company, limited by guarantee , 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% on cost

Depreciation rates of 10% (EV charging stations) on costs has been provided for on tangible fixed assets.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 November 2024

18,214

772

18,986

Additions

-

40,612

At 31 October 2025

18,214

41,384

59,598

DEPRECIATION

Charge for year

-

4,061

At 31 October 2025

-

4,061

NET BOOK VALUE

At 31 October 2025

18,214

37,323

55,537

At 31 October 2024

18,214

772

18,986

In 2006, the company completed the purchase of the freehold of Chatsworth Court. The company then assigned long leases to investors and participants.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade debtors

16,056

10,929

6.	CURRENT ASSET INVESTMENTS

31.10.25

31.10.24

£

Money market investments

300,000

During the year the company made three separate investments of £100,000 into Money markets. The maturity dates range from 3 - 9 months and will all mature in the coming financial period.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade creditors

-

1

Corporation tax

-

3,076

Accrued expenses

2,620

5,697

8.

RESERVES

Income

and

Unrestricted

Restricted

expenditure

fund -

account

Member

Members

Totals

£

At 1 November 2024

434,109

119

74

434,302

Surplus for the year

22,635

At 31 October 2025

456,744

119

74

456,937

In 2006, the Company purchased the freehold entitlement to the whole of Chatsworth Court. Residents of Chatsworth Court were given the opportunity to invest in the long leasehold interest of their flats. Residents who did this were known as participants.

Flats where residents declined to purchase the long leasehold interest were bought by investors.

Both participants and investors are to guarantee £50 each in the company.

There are now 193 flats in Chatsworth Court. In 2006, 100 flats were owned by participants and 92 were owned by investors. One flat was added in 2015/2016.

Investors' flats do not carry the rights to distributions in the company and these flat owners are classified as restricted members.

Participants' flats do carry the rights to distributions from the company and so these flat owners are classified as unrestricted members.

Since 2006, 19 long leaseholders have successfully become participant members of the Company in line with the memorandum and articles of the Company. The total number of participant members is now 119 and restricted members total 74.

9.	STATEMENT OF GUARANTEE

The Company, is limited by guarantee under the provisions of the Companies Act, 2006. Every member of the company undertakes to contribute an amount not to exceed £50 to the Company's assets if it should be called while he/she is a member or within one year after he/she ceases to be a member.