CHALFONT PARK MIDCO LIMITED
CHALFONT PARK MIDCO LIMITED
Registered number: 11999948
Unaudited Financial Statements
For The Year Ended
28 February 2022
RWCA LTD
158 Upper Newtownards Road
Belfast
Co Antrim
BT4 3EQ
CHALFONT PARK MIDCO LIMITED
Unaudited Financial Statements
For The Year Ended
28 February 2022
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
CHALFONT PARK MIDCO LIMITED
Balance Sheet
As at
28 February 2022
Balance Sheet
Registered number:
11999948
For the year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| Investments | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET (LIABILITIES)/ASSETS |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 8 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (62,717) | 1 | |||
CHALFONT PARK MIDCO LIMITED
Balance Sheet (continued)
As at
28 February 2022
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
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Director
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The notes on pages 3 to 4 form part of these financial statements.
CHALFONT PARK MIDCO LIMITED
Notes to the Financial Statements
For The Year Ended
28 February 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
Whilst the Balance Sheet is overdrawn by £62,717 at the year end, the company owes it parent company £2,311,844. The parent company will not seek repayment until such times as the company has the funds available to do so.
1.3.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2021: 3)
3.
Tangible Assets
| Investment Properties | |
|---|---|
| £ | |
| Cost | |
| As at
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| Additions | 3,580,000 |
| As at
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| Net Book Value | |
| As at
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| As at
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4.
Investments
| Unlisted | |
|---|---|
| £ | |
| Cost | |
| As at
|
1 |
| Disposals | (1) |
| As at
|
- |
| Provision | |
| As at
|
- |
| As at
|
- |
| Net Book Value | |
| As at
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- |
| As at
|
1 |
CHALFONT PARK MIDCO LIMITED
Notes to the Financial Statements (continued)
For The Year Ended
28 February 2022
5.
Debtors
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Other debtors |
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6.
Creditors: Amounts Falling Due Within One Year
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Other loans |
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| Amounts owed to group undertakings |
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7.
Secured Creditors
Of the creditors falling due within one year the following amounts are secured by charges over the assets of the company.
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | 2,764,800 | - |
9.
Related Party Transactions
At the end of the year the company owed;
£2,311,844 to its parent company, Bodrum Ege (NI) Limited.
During the year it;
Purchased investment properties from a fellow group company, Newco 1111 Ltd for £3,580,000
Disposed of its share in Chalfont Park Propco Limited, it's subsidiary.
10.
Ultimate Controlling Party
The company's ultimate controlling party is James Patterson by virtue of his ownership of the issued share capital in the parent company, Bodrum Ege (NI) Limited.
11.
General Information
CHALFONT PARK MIDCO LIMITED
is a private company, limited by shares, incorporated in England & Wales, registered number
11999948
. The registered office is Oak Green House, 250-256 High Street, Dorking, Surrey, RH4 1QT.