Chesters Croft Residential Park Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05986516 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2024 to 28 February 2025

for

Chesters Croft Residential Park Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Daly

T G Smith

REGISTERED OFFICE:

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

REGISTERED NUMBER:

05986516 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

2,696,298

2,613,537

CURRENT ASSETS

Stocks

60,000

152,216

Debtors

5

452,274

349,423

512,274

501,639

CREDITORS

Amounts falling due within one year

6

(2,005,105

)

(1,965,360

)

NET CURRENT LIABILITIES

(1,492,831

)

(1,463,721

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,203,467

1,149,816

PROVISIONS FOR LIABILITIES

(324,182

)

(304,331

)

NET ASSETS

879,285

845,485

CAPITAL AND RESERVES

Called up share capital

1

Revaluation reserve

832,903

Retained earnings

46,381

12,581

879,285

845,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2025 and were signed on its behalf by:

S Daly - Director

1.	STATUTORY INFORMATION

Chesters Croft Residential Park Limited 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 financial statements have been prepared for the 14-month period ended 28 February 2025 (comparative period: year ended 31 December 2023).

The directors resolved to extend the accounting period to align the company's financial year-end with that of its parent undertaking.

Consequently, the figures for the current period are not directly comparable to those of the previous financial year.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

includes land not being depreciated

Improvements to property

-

10% on cost

Plant and machinery

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and estimated selling price less costs to complete and sell.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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 period was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

Totals

£

COST OR VALUATION

At 1 January 2024

2,500,000

-

128,760

2,628,760

Additions

-

117,143

-

117,143

At 28 February 2025

2,500,000

117,143

128,760

2,745,903

DEPRECIATION

At 1 January 2024

-

15,223

Charge for period

-

8,738

25,644

34,382

At 28 February 2025

-

8,738

40,867

49,605

NET BOOK VALUE

At 28 February 2025

2,500,000

108,405

87,893

2,696,298

At 31 December 2023

2,500,000

-

113,537

2,613,537

The freehold land and buildings were last valued in February 2025 by the directors of the company.

Cost or valuation at 28 February 2025 is represented by:

Improvements

Freehold

to

Plant and

property

machinery

Totals

£

Valuation in 2016

175,000

-

175,000

Valuation in 2021

795,268

-

795,268

Valuation in 2022

140,270

-

140,270

Cost

1,389,462

117,143

128,760

1,635,365

2,500,000

117,143

128,760

2,745,903

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

31.12.23

£

Trade debtors

569

249

Amounts owed by group undertakings

451,705

349,174

452,274

349,423

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

31.12.23

£

Trade creditors

227,665

230,014

Amounts owed to group undertakings

1,544,030

1,519,647

Taxation and social security

-

200

Other creditors

233,410

215,499

2,005,105

1,965,360

Other creditors include accruals and deferred income of £3,300 (2023: £3,000).

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 28 February 2025 and the year ended 31 December 2023:

28.2.25

31.12.23

£

T G Smith

Balance outstanding at start of period

-

Amounts advanced

308

-

Amounts repaid

(308

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

-

S Daly

Balance outstanding at start of period

-

Amounts advanced

308

-

Amounts repaid

(308

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

-

The loans were interest free and repayable on demand.