Chelsea Square Commercial Limited

CHELSEA SQUARE COMMERCIAL LIMITED - Company Information

2022-01-012022-12-312022-12-31false05036714Chelsea Square Commercial Limited2023-05-0268100iso4217:GBPxbrli:pure050367142022-01-01050367142022-12-31050367142022-01-012022-12-31050367142021-01-01050367142021-12-31050367142021-01-012021-12-3105036714bus:SmallEntities2022-01-012022-12-3105036714bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3105036714bus:FullAccounts2022-01-012022-12-3105036714bus:PrivateLimitedCompanyLtd2022-01-012022-12-3105036714core:WithinOneYear2022-12-3105036714core:AfterOneYear2022-12-3105036714core:WithinOneYear2021-12-3105036714core:AfterOneYear2021-12-3105036714core:ShareCapital2022-12-3105036714core:SharePremium2022-12-3105036714core:RevaluationReserve2022-12-3105036714core:OtherReservesSubtotal2022-12-3105036714core:RetainedEarningsAccumulatedLosses2022-12-3105036714core:ShareCapital2021-12-3105036714core:SharePremium2021-12-3105036714core:RevaluationReserve2021-12-3105036714core:OtherReservesSubtotal2021-12-3105036714core:RetainedEarningsAccumulatedLosses2021-12-3105036714core:LandBuildings2022-12-3105036714core:PlantMachinery2022-12-3105036714core:Vehicles2022-12-3105036714core:FurnitureFittings2022-12-3105036714core:OfficeEquipment2022-12-3105036714core:NetGoodwill2022-12-3105036714core:IntangibleAssetsOtherThanGoodwill2022-12-3105036714core:ListedExchangeTraded2022-12-3105036714core:UnlistedNon-exchangeTraded2022-12-3105036714core:LandBuildings2021-12-3105036714core:PlantMachinery2021-12-3105036714core:Vehicles2021-12-3105036714core:FurnitureFittings2021-12-3105036714core:OfficeEquipment2021-12-3105036714core:NetGoodwill2021-12-3105036714core:IntangibleAssetsOtherThanGoodwill2021-12-3105036714core:ListedExchangeTraded2021-12-3105036714core:UnlistedNon-exchangeTraded2021-12-3105036714core:LandBuildings2022-01-012022-12-3105036714core:PlantMachinery2022-01-012022-12-3105036714core:Vehicles2022-01-012022-12-3105036714core:FurnitureFittings2022-01-012022-12-3105036714core:OfficeEquipment2022-01-012022-12-3105036714core:NetGoodwill2022-01-012022-12-3105036714core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3105036714core:ListedExchangeTraded2022-01-012022-12-3105036714core:UnlistedNon-exchangeTraded2022-01-012022-12-3105036714core:MoreThanFiveYears2022-01-012022-12-3105036714core:Non-currentFinancialInstruments2022-12-3105036714core:Non-currentFinancialInstruments2021-12-3105036714dpl:CostSales2022-01-012022-12-3105036714dpl:DistributionCosts2022-01-012022-12-3105036714dpl:AdministrativeExpenses2022-01-012022-12-3105036714core:LandBuildings2022-01-012022-12-3105036714core:PlantMachinery2022-01-012022-12-3105036714core:Vehicles2022-01-012022-12-3105036714core:FurnitureFittings2022-01-012022-12-3105036714core:OfficeEquipment2022-01-012022-12-3105036714core:NetGoodwill2022-01-012022-12-3105036714core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3105036714dpl:GroupUndertakings2022-01-012022-12-3105036714dpl:ParticipatingInterests2022-01-012022-12-3105036714dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3105036714core:ListedExchangeTraded2022-01-012022-12-3105036714dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3105036714core:UnlistedNon-exchangeTraded2022-01-012022-12-3105036714dpl:CostSales2021-01-012021-12-3105036714dpl:DistributionCosts2021-01-012021-12-3105036714dpl:AdministrativeExpenses2021-01-012021-12-3105036714core:LandBuildings2021-01-012021-12-3105036714core:PlantMachinery2021-01-012021-12-3105036714core:Vehicles2021-01-012021-12-3105036714core:FurnitureFittings2021-01-012021-12-3105036714core:OfficeEquipment2021-01-012021-12-3105036714core:NetGoodwill2021-01-012021-12-3105036714core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3105036714dpl:GroupUndertakings2021-01-012021-12-3105036714dpl:ParticipatingInterests2021-01-012021-12-3105036714dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3105036714core:ListedExchangeTraded2021-01-012021-12-3105036714dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3105036714core:UnlistedNon-exchangeTraded2021-01-012021-12-3105036714core:NetGoodwill2022-12-3105036714core:IntangibleAssetsOtherThanGoodwill2022-12-3105036714core:LandBuildings2022-12-3105036714core:PlantMachinery2022-12-3105036714core:Vehicles2022-12-3105036714core:FurnitureFittings2022-12-3105036714core:OfficeEquipment2022-12-3105036714core:AfterOneYear2022-12-3105036714core:WithinOneYear2022-12-3105036714core:ListedExchangeTraded2022-12-3105036714core:UnlistedNon-exchangeTraded2022-12-3105036714core:ShareCapital2022-12-3105036714core:SharePremium2022-12-3105036714core:RevaluationReserve2022-12-3105036714core:OtherReservesSubtotal2022-12-3105036714core:RetainedEarningsAccumulatedLosses2022-12-3105036714core:NetGoodwill2021-12-3105036714core:IntangibleAssetsOtherThanGoodwill2021-12-3105036714core:LandBuildings2021-12-3105036714core:PlantMachinery2021-12-3105036714core:Vehicles2021-12-3105036714core:FurnitureFittings2021-12-3105036714core:OfficeEquipment2021-12-3105036714core:AfterOneYear2021-12-3105036714core:WithinOneYear2021-12-3105036714core:Liste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Registered Number
05036714
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

Chelsea Square Commercial Limited

Company Information
for the year from 1 January 2022 to 31 December 2022


Directors	Burgering, Adrian Robert


Registered Address	Grove House
	2 Woodberry Grove
	London
	N12 0DR


Registered Number	05036714 (England and Wales)

Chelsea Square Commercial Limited

Balance Sheet as at
31 December 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	6		888,025		888,025
			888,025		888,025
Current assets
Debtors	9	33,462		129,887
Cash at bank and on hand		29,179		20,520
		62,641		150,407
Creditors amounts falling due within one year	10	(13,991)		(12,957)
Net current assets (liabilities)			48,650		137,450
Total assets less current liabilities			936,675		1,025,475
Creditors amounts falling due after one year	11		(622,500)		(622,500)
Net assets			314,175		402,975
Capital and reserves
Called up share capital			10,000		10,000
Other reserves			303,891		303,891
Profit and loss account			284		89,084
Shareholders' funds			314,175		402,975

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 2 May 2023, and are signed on its behalf by:

Burgering, Adrian Robert
Director
Registered Company No. 05036714

Chelsea Square Commercial Limited

Notes to the Financial Statements
for the year ended 31 December 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Basis of measurement used in financial statements
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

4.	Accounting policies

	Functional and presentation currency policy
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Taxation policy
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

5.	Employee information


		2022		2021
	Average number of employees during the year	0		0

6.	Property, plant and equipment

	Land & buildings	Total
	£	£
Cost or valuation
At 01 January 22	888,025	888,025
At 31 December 22	888,025	888,025
Net book value
At 31 December 22	888,025	888,025
At 31 December 21	888,025	888,025

7.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Burgering, Adrian Robert	(346)	6,000	5,654	0
	(346)	6,000	5,654	0


	The amount advanced was repaid within 9 months of the balance sheet date.

8.	Guarantees and their terms, directors
	At year end the company was owed the following amounts from companies where Mr A Burgering is a common director and shareholder. Ingarangi Design and Build Ltd - £9,200 (2021 : £9,200) Koru London Ltd - £17,094 (2021 : £116,827) Chelsea Square Residential Ltd - £1,080 (2021 : £1,080)

9.	Debtors

	2022	2021
	£	£
Trade debtors / trade receivables	433	868
Amounts owed by group undertakings	27,374	127,107
Other debtors	5,655	1,912
Total	33,462	129,887


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

10.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	3,085	956
Taxation and social security	-	749
Other creditors	-	346
Accrued liabilities and deferred income	10,906	10,906
Total	13,991	12,957


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

11.	Creditors after one year

	2022	2021
	£	£
Bank borrowings and overdrafts	622,500	622,500
Total	622,500	622,500