REGISTERED NUMBER: 11498373 (England and Wales)

Chapter One Apartments ME4 Ltd

Unaudited Financial Statements for the Year Ended 31 August 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G Powar

Mrs M Powar

REGISTERED OFFICE:

3 - 5 London Road

Rainham

Kent

ME8 7RG

REGISTERED NUMBER:

11498373 (England and Wales)

ACCOUNTANTS:

BK Plus Limited

Chartered Certified Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Tangible assets

4

273

16,114

Investment property

5

5,081,629

5,081,629

5,081,902

5,097,743

CURRENT ASSETS

Debtors

6

128,351

153,969

Cash at bank

907

275,829

129,258

429,798

CREDITORS

Amounts falling due within one year

7

1,916,829

2,197,367

NET CURRENT LIABILITIES

(1,787,571

)

(1,767,569

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,294,331

3,330,174

CREDITORS

Amounts falling due after more than one year

8

(3,080,180

)

(3,161,102

)

PROVISIONS FOR LIABILITIES

(68

)

(4,028

)

NET ASSETS

214,083

165,044

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

213,783

164,744

SHAREHOLDERS' FUNDS

214,083

165,044

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 profit or loss 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 25 August 2026 and were signed on its behalf by:

G Powar - Director

1.	STATUTORY INFORMATION

Chapter One Apartments ME4 Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Income recognition

Income represents consultancy fees which are recognised rendering of invoices, and the sale proceeds of selling land and property, which are due on the date of completion

Income also comprises of rental income earned through letting the completed units of flats.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Investment property

Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable which are measured at fair value, with changes recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

38,059

Disposals

(34,411

)

At 31 August 2025

3,648

DEPRECIATION

At 1 September 2024

21,945

Charge for year

1,475

Eliminated on disposal

(20,045

)

At 31 August 2025

3,375

NET BOOK VALUE

At 31 August 2025

273

At 31 August 2024

16,114

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

and 31 August 2025

5,081,629

NET BOOK VALUE

At 31 August 2025

5,081,629

At 31 August 2024

5,081,629

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

1,908

300

Other debtors

126,443

153,669

128,351

153,969

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,022

10,000

Trade creditors

-

589

Taxation and social security

43,158

28,482

Other creditors

1,863,649

2,158,296

1,916,829

2,197,367

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,080,180

3,139,009

Hire purchase contracts

-

22,093

3,080,180

3,161,102

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,080,180

3,129,843

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

-

22,093

Bank loans are secured by a fixed charge over the freehold properties of the company, and a fixed and floating charge over all the assets of the company.

The finance leases are secured against the relevant assets.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have also provided personal guarantees up to £2,520,620 for bank loans and £100,000 for other loans.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling company and the relevant legal entity is RHPD Holdings Limited of 227 City Way, Rochester, Kent, ME1 2TL.