1st Developments Chelsea Limited

Registered number

10886666

Filleted Accounts

31 July 2025

1st Developments Chelsea Limited
Registered number:		10886666
Balance Sheet
as at 31 July 2025



Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		8,849			11,798
Investments	4		68,283			68,283
			77,132			80,081

Current assets
Debtors	5	48,866			50,075
Cash at bank and in hand		141,079			52,880
		189,945			102,955

Creditors: amounts falling due within one year	6	(65,864)			(78,511)

Net current assets			124,081			24,444

Net assets			201,213			104,525

Capital and reserves
Called up share capital			10			10
Profit and loss account			201,203			104,515

Shareholder's funds			201,213			104,525

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




M Venezia
Director
Approved by the board on 27 July 2026

1st Developments Chelsea Limited
Notes to the Accounts
for the year ended 31 July 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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	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:

	Computer and office equipment	25% reducing balance
	Motor vehicles	25% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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			1		1


3	Tangible fixed assets
		Computer and office equipments		Motor vehicle		Total
£			£		£
	Cost
	At 1 August 2024	15,598		26,160		41,758
	At 31 July 2025	15,598		26,160		41,758

	Depreciation
	At 1 August 2024	12,077		17,883		29,960
	Charge for the year	880		2,069		2,949
	At 31 July 2025	12,957		19,952		32,909

	Net book value
	At 31 July 2025	2,641		6,208		8,849
	At 31 July 2024	3,521		8,277		11,798


4	Investments
Other
investments
£
	Cost
	At 1 August 2024					68,283

	At 31 July 2025					68,283


5	Debtors			2025		2024
£					£

	Other debtors			48,866		50,075


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

	Bank loans and overdrafts			10,403		22,558
	Trade creditors			193		4,515
	Taxation and social security costs			42,758		15,425
	Other creditors			12,510		36,013
				65,864		78,511


7	Other information

	1st Developments Chelsea Limited is a private company limited by shares and incorporated in England. Its registered office is:
	9 Bonhill Street
	London
	EC2A 4DJ