226 Chillingham Road Ltd

226 Chillingham Road Ltd

226 CHILLINGHAM ROAD LTD - Company Information

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Company Registration No. 13291812 (England and Wales)
226 Chillingham Road Ltd Unaudited accounts for the year ended 31 December 2022
226 Chillingham Road Ltd Unaudited accounts Contents
Page
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226 Chillingham Road Ltd Company Information for the year ended 31 December 2022
Directors
Christopher John Henry Christopher Paton
Company Number
13291812 (England and Wales)
Registered Office
Clavering House Clavering Place Newcastle Tyne and Wear NE1 3NG England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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226 Chillingham Road Ltd Accountants' report
Accountants' report to the board of directors of 226 Chillingham Road Ltd on the preparation of the unaudited statutory accounts for the year ended 31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 226 Chillingham Road Ltd for the year ended 31 December 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of 226 Chillingham Road Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of 226 Chillingham Road Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 226 Chillingham Road Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that 226 Chillingham Road Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of 226 Chillingham Road Ltd. You consider that 226 Chillingham Road Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of 226 Chillingham Road Ltd. 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 accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 11 August 2023
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226 Chillingham Road Ltd Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Investment property
4
1,199,999 
548,262 
Current assets
Debtors
5
- 
228 
Cash at bank and in hand
24,652 
57,347 
24,652 
57,575 
Creditors: amounts falling due within one year
6
(39,642)
(84,217)
Net current liabilities
(14,990)
(26,642)
Total assets less current liabilities
1,185,009 
521,620 
Creditors: amounts falling due after more than one year
7
(942,699)
(549,317)
Net assets/(liabilities)
242,310 
(27,697)
Capital and reserves
Called up share capital
12 
12 
Profit and loss account
242,298 
(27,709)
Shareholders' funds
242,310 
(27,697)
For the year ending 31 December 2022 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 13 August 2023 and were signed on its behalf by
Christopher John Henry Director Company Registration No. 13291812
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226 Chillingham Road Ltd Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
226 Chillingham Road Ltd is a private company, limited by shares, registered in England and Wales, registration number 13291812. The registered office is Clavering House, Clavering Place, Newcastle, Tyne and Wear, NE1 3NG, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2022 
£ 
Fair value at 1 January 2022
548,262 
Additions
264,219 
Net gain from fair value adjustments
387,518 
At 31 December 2022
1,199,999 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
228 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Other creditors
38,742 
83,317 
Accruals
900 
900 
39,642 
84,217 
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226 Chillingham Road Ltd Notes to the Accounts for the year ended 31 December 2022
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Other creditors
817,343 
434,721 
Loans from directors
125,356 
114,596 
942,699 
549,317 
8
Transactions with related parties
Related party loans are as follows: Long-term director's loan of £125,355 (2021 - £114,595, including interest of £10,760 (2021 - £3,267) for the period. Other long-term related party loans of £136,336 (2021 - £117,284, including includes interest of £10,760 (2021 - £3,267) for the period. Short-term interest-free related party loans of £38,742 (2021 - nil).
9
Controlling party
Aspire Group Holdings Ltd Company registration number 11761031 Clavering House, Clavering Place Newcastle upon Tyne Tyne and Wear NE1 3NG England
10
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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