Chalet Chamois Limited - Accounts to registrar (filleted) - small 18.2

Chalet Chamois Limited - Accounts to registrar (filleted) - small 18.2

CHALET CHAMOIS LIMITED - Company Information

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REGISTERED NUMBER: 09431611 (England and Wales)















Unaudited Financial Statements for the Year Ended 27 February 2021

for

Chalet Chamois Limited
Chalet Chamois Limited (Registered number: 09431611)

Contents of the Financial Statements
for the Year Ended 27 February 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Chalet Chamois Limited

Company Information
for the Year Ended 27 February 2021







DIRECTORS: I J Jackson
K A Stephenson





REGISTERED OFFICE: The Old Post Office
63 Saville Street,
North Shields
Tyne and Wear
NE30 1AY





REGISTERED NUMBER: 09431611 (England and Wales)





ACCOUNTANTS: EWP Limited
20 Anchor Terrace
3-13 Southwark Bridge Road
London
SE1 9HQ
Page 1
Chalet Chamois Limited (Registered number: 09431611)

Balance Sheet
27 February 2021

27.2.21 27.2.20
Notes £    £   
CURRENT ASSETS
Stocks 990,475 741,978
Cash at bank - 15
990,475 741,993
CREDITORS
Amounts falling due within one year 4 1,114,121 798,118
NET CURRENT LIABILITIES (123,646 ) (56,125 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(123,646
)
(56,125
)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (123,746 ) (56,225 )
(123,646 ) (56,125 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2021 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 26 November 2021 and were signed on its behalf by:





K A Stephenson - Director


The notes form part of these financial statements

Page 2
Chalet Chamois Limited (Registered number: 09431611)

Notes to the Financial Statements
for the Year Ended 27 February 2021


1. STATUTORY INFORMATION

Chalet Chamois 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.

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.

Financial instruments
A financial asset or a financial liability is recognized only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognized at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognized a the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Work in progress
Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing work in progress to its present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 1 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.21 27.2.20
£    £   
Amounts owed to group undertakings 89,032 -
Other creditors 1,025,089 798,118
1,114,121 798,118

Page 3 continued...
Chalet Chamois Limited (Registered number: 09431611)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2021


5. RELATED PARTY DISCLOSURES

A director's loan account processes the transactions between C J Carlisle and Chalet Chamois Limited. At the year end the balance on this loan was £nil (2020 : £527,928). An interest charge of £20,502 (2020 : £35,900), at a rate of 7.50% was made on this loan during the financial year.

C.J.Carlisle is a director of both Country Homes & Estates (Northern) Limited and Country Homes & Estates (Mitford) Limited.

At the year end the company was loaned £nil (2020 : 43,000) from Country Homes & Estates (Northern) Limited and £nil (2020 : £225,750) from Country Homes & Estates (Mitford) Limited. Interest of £10,437 (2020 : £18,750) at a rate of 7.50% was charged on these loans during the financial year.

At the year end, I Jackson and K Stephenson had credit balances of £499,931 and £349,501 respectively on their director loan accounts. Interest of £12,193 and £8,524 respectively, at a rate of 5% per annum was charged during the financial year and is included in these totals.

At the year end the company was loaned £89,032 (100,401EUR) from ILJ Properties SARL, a French registered limited company in which I Jackson is a director and shareholder, Interest of £2,172 (2,449 EUR), at a rate of 5% per annum was charged during the financial year and is included in this total.

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