Company Registration No. 11210435 (England and Wales)
Chiltern Real Estate Limited
Unaudited accounts
for the period from 29 February 2020 to 28 February 2021
Chiltern Real Estate Limited
Unaudited accounts
Contents
Chiltern Real Estate Limited
Company Information
for the period from 29 February 2020 to 28 February 2021
Directors
Helen Pethybridge
Guy Pethybridge
Company Number
11210435 (England and Wales)
Registered Office
29 Amersham Road
High Wycombe
Bucks.
HP13 6QS
England
Accountants
Nutshell Accounts
15 London End
Beaconsfield
Buckinghamshire
HP9 2HN
Chiltern Real Estate Limited
Statement of financial position
as at 28 February 2021
Tangible assets
10,128
3,819
Investment property
505,731
505,731
Cash at bank and in hand
19,840
31,728
Creditors: amounts falling due within one year
(159,274)
(162,531)
Net current liabilities
(139,434)
(130,803)
Total assets less current liabilities
376,425
378,747
Creditors: amounts falling due after more than one year
(393,577)
(393,971)
Net liabilities
(17,152)
(15,224)
Called up share capital
100
100
Profit and loss account
(17,252)
(15,324)
Shareholders' funds
(17,152)
(15,224)
For the period ending 28 February 2021 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2021 and were signed on its behalf by
Helen Pethybridge
Director
Company Registration No. 11210435
Chiltern Real Estate Limited
Notes to the Accounts
for the period from 29 February 2020 to 28 February 2021
Chiltern Real Estate Limited is a private company, limited by shares, registered in England and Wales, registration number 11210435. The registered office is 29 Amersham Road, High Wycombe, Bucks., HP13 6QS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
The gain or loss arising on the disposal of the asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures & fittings
15% Reducing Balance
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes .
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.
Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.
Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.
Chiltern Real Estate Limited
Notes to the Accounts
for the period from 29 February 2020 to 28 February 2021
4
Tangible fixed assets
Fixtures & fittings
At 28 February 2021
12,726
Charge for the period
1,131
At 28 February 2021
10,128
Fair value at 29 February 2020
505,731
At 28 February 2021
505,731
6
Creditors: amounts falling due within one year
2021
2020
Other creditors
24,000
24,000
Loans from directors
134,640
137,253
7
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
393,577
393,971
8
Average number of employees
During the period the average number of employees was 0 (2020: 0).
