Chelston Management Services Limited - Period Ending 2022-09-30

Chelston Management Services Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Chelston Management Services Limited

Company Information

Directors

J E Holyday B J Trickey

Registered office

Tauntfield South Road Taunton Somerset TA1 3ND

Accountants

Amherst & Shapland Limited Chartered Accountants 4 Irnham Road Minehead Somerset TA24 5DG

Chelston Management Services Limited

(Registration number: 02493036)
Balance Sheet as at 30 September 2022

	Note	2022 £	2021 £
Current assets
Debtors	4	19,357	25,551
Cash at bank and in hand		40,162	55,100
		59,519	80,651
Creditors: Amounts falling due within one year	5	(59,464)	(80,596)
Net assets		55	55
Capital and reserves
Called up share capital	6	55	55
Shareholders' funds		55	55

For the financial year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income and Expenditure Account has been taken.

Approved and authorised by the Board on 26 June 2023 and signed on its behalf by:
 

......................................... J E Holyday Director

Chelston Management Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

1	General information

The company is a private company limited by share capital, incorporated in England and Wales. The company registration number is 02493036.

The address of its registered office is:
Tauntfield
South Road
Taunton
Somerset
TA1 3ND

These financial statements were authorised for issue by the Board on 26 June 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Revenue recognition

Turnover comprises the fair value of service charges received or receivable in relation to rechargeable expenditure incurred in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Service charges receivable

Service charges receivable are amounts due in relation to rechargeable expenditure incurred in the ordinary course of the company’s activities.

Service charges receivable are recognised at the transaction value less provision for impairment. A provision for the impairment of service charges receivable is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Chelston Management Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

3	Staff numbers

The average number of persons employed by the company (under contracts of service) during the year, was 0 (2021 - 0).

4

Debtors

Current	2022 £	2021 £
Other debtors	19,357	25,551

	2022 £	2021 £
Analysis of other debtors
Service charges receivable	17,917	25,506
Summerfield Developments (SW) Ltd	1,395	-
Other debtors and prepayments	45	45
	19,357	25,551

5

Creditors

Creditors: amounts falling due within one year

	Note	2022 £	2021 £
Due within one year
Value added tax		435	656
Other creditors		59,029	79,940
		59,464	80,596

	Note	2022 £	2021 £
Analysis of other creditors
Service charges in advance		27,261	35,580
Other creditors and accruals		31,768	44,360
		59,029	79,940

Chelston Management Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

6	Share capital

Allotted, called up and fully paid shares

	2022		2021
	No.	£	No.	£
A Ordinary shares of £1 each	53	53	53	53
B Ordinary shares of £1 each	2	2	2	2
	55	55	55	55