ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

CHANDLERY DEVELOPMENTS LIMITED - Company Information

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Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30Property developmenttruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2false2022-01-012 11727854 2022-01-01 2023-04-30 11727854 2021-01-01 2021-12-31 11727854 2023-04-30 11727854 2021-12-31 11727854 c:Director2 2022-01-01 2023-04-30 11727854 d:CurrentFinancialInstruments 2023-04-30 11727854 d:CurrentFinancialInstruments 2021-12-31 11727854 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11727854 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11727854 d:ShareCapital 2023-04-30 11727854 d:ShareCapital 2021-12-31 11727854 d:RetainedEarningsAccumulatedLosses 2023-04-30 11727854 d:RetainedEarningsAccumulatedLosses 2021-12-31 11727854 c:FRS102 2022-01-01 2023-04-30 11727854 c:AuditExemptWithAccountantsReport 2022-01-01 2023-04-30 11727854 c:FullAccounts 2022-01-01 2023-04-30 11727854 c:PrivateLimitedCompanyLtd 2022-01-01 2023-04-30 11727854 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-01-01 2023-04-30 11727854 2 2022-01-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 11727854










CHANDLERY DEVELOPMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2023
 
CHANDLERY DEVELOPMENTS LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 6

 
CHANDLERY DEVELOPMENTS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CHANDLERY DEVELOPMENTS LIMITED
FOR THE PERIOD ENDED 30 APRIL 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chandlery Developments Limited for the period ended 30 April 2023 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Chandlery Developments Limited, as a body, in accordance with the terms of our engagement letter dated 17 January 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Chandlery Developments Limited  and state those matters that we have agreed to state to the Board of Directors of Chandlery Developments Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chandlery Developments Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Chandlery Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Chandlery Developments Limited. You consider that Chandlery Developments Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Chandlery Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
7 The Close
Norwich
Norfolk
NR1 4DJ
1 August 2023
Page 1
 
CHANDLERY DEVELOPMENTS LIMITED
REGISTERED NUMBER: 11727854

BALANCE SHEET
AS AT 30 APRIL 2023

30 April
31 December
2023
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
385
332,256

Cash at bank and in hand
  
5,076
94,730

  
5,461
426,986

Creditors: amounts falling due within one year
 5 
(2,067)
(421,109)

Net current assets
  
 
 
3,394
 
 
5,877

Total assets less current liabilities
  
3,394
5,877

  

Net assets
  
3,394
5,877


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
3,392
5,875

  
3,394
5,877


Page 2
 
CHANDLERY DEVELOPMENTS LIMITED
REGISTERED NUMBER: 11727854
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 August 2023.




J S Wells
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3
 
CHANDLERY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

1.


General information

Chandlery Developments Limited is a private limited company incorporated in England and Wales. Its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

The turnover shown in the statement of comprehensive income represents the amount of rent receivable during the year, exclusive of Value Added Tax.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4
 
CHANDLERY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments that are payable or receivable within one year are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or
received.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2021 - 2).

Page 5
 
CHANDLERY DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

4.


Debtors

30 April
31 December
2023
2021
£
£


Other debtors
385
332,256

385
332,256



5.


Creditors: Amounts falling due within one year

30 April
31 December
2023
2021
£
£

Trade creditors
2,067
-

Corporation tax
-
1,318

Other creditors
-
6,495

Accruals and deferred income
-
413,296

2,067
421,109



6.


Transactions with directors

At 1 January 2022, amounts owed to the company by the directors totalled £330,000. 
During the year repayments were made to the company totalling £ 330,000. 

 
Page 6