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Registered number: 09984978
Chestfield Homes Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09984978
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 62 92
62 92
CURRENT ASSETS
Debtors 5 324 143,617
Cash at bank and in hand 7,861 15,652
8,185 159,269
Creditors: Amounts Falling Due Within One Year 6 (140,055 ) (273,688 )
NET CURRENT ASSETS (LIABILITIES) (131,870 ) (114,419 )
TOTAL ASSETS LESS CURRENT LIABILITIES (131,808 ) (114,327 )
Creditors: Amounts Falling Due After More Than One Year 7 (17,530 ) (24,464 )
NET LIABILITIES (149,338 ) (138,791 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (149,438 ) (138,891 )
SHAREHOLDERS' FUNDS (149,338) (138,791)
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Carl Parsons
Director
16th October 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Chestfield Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09984978 . The registered office is 139-141 Watling Street, Gillingham, Kent, ME7 2YY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The accounts have been prepared on the basis of going concern. This basis may not be appropriate because the company had, at 31st March 2026, net liabilities of £149,338 (2025 £138,791). The validity of the going concern basis is dependent upon the continued support of the other creditors.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.
Computer Equipment 33% on reducing balance
2.3. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Debtors
Short term debtors are measured at transaction price, less any impairment.
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2.6. Creditors
Short term creditors are composed of trade and other creditors, accruals and loans to third parties. Short term trade and other creditors and accruals are measured at the transaction price. Short term loans from third parties are recognised at amortised cost using the effective interest method where interest terms have been imposed. Loans from third parties are deemed to be short term if they are repayable on demand and therefore carrying value approximates present value. Interest payable on short term loans are recognised in the period in which they are incurred as finance costs.
2.7. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2025: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2025 1,947
As at 31 March 2026 1,947
Depreciation
As at 1 April 2025 1,855
Provided during the period 30
As at 31 March 2026 1,885
Net Book Value
As at 31 March 2026 62
As at 1 April 2025 92
5. Debtors
2026 2025
£ £
Due within one year
Other debtors 324 143,617
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors - 44,644
Bank loans and overdrafts 6,400 5,880
Other creditors 133,655 223,164
140,055 273,688
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 17,530 24,464
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8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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