Company Registration No. 5012387 (England and Wales)
Chiefplace Estates Limited
Unaudited accounts
for the year ended 30 April 2023
Chiefplace Estates Limited
Unaudited accounts
Contents
Chiefplace Estates Limited
Company Information
for the year ended 30 April 2023
Company Number
5012387 (England and Wales)
Registered Office
New Westcliff Hotel
27-29 Chine Crescent
Bournemouth
DORSET
BH2 5LB
Chiefplace Estates Limited
Statement of financial position
as at 30 April 2023
Tangible assets
1,296,392
1,305,716
Cash at bank and in hand
473,529
415,318
Creditors: amounts falling due within one year
(184,002)
(128,743)
Net current assets
326,455
274,236
Total assets less current liabilities
1,622,847
1,579,952
Creditors: amounts falling due after more than one year
(433,214)
(496,796)
Provisions for liabilities
Deferred tax
(5,571)
(5,571)
Net assets
1,184,062
1,077,585
Profit and loss account
1,183,062
1,076,585
Shareholders' funds
1,184,062
1,077,585
For the year ending 30 April 2023 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 director acknowledges his 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 and authorised for issue on 20 September 2023 and were signed on its behalf by
Paul Hedges
Director
Company Registration No. 5012387
Chiefplace Estates Limited
Notes to the Accounts
for the year ended 30 April 2023
Chiefplace Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 5012387. The registered office is New Westcliff Hotel, 27-29 Chine Crescent, Bournemouth, DORSET, BH2 5LB .
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
4 year Straight Line Basis
Fixtures & fittings
20% Reducing Balance
Computer equipment
3 year Straight Line Basis
4
Intangible fixed assets
Goodwill
Chiefplace Estates Limited
Notes to the Accounts
for the year ended 30 April 2023
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2022
1,264,215
10,000
232,931
5,882
1,513,028
At 30 April 2023
1,264,215
10,000
232,931
5,882
1,513,028
At 1 May 2022
-
2,500
199,009
5,803
207,312
Charge for the year
-
2,500
6,784
40
9,324
At 30 April 2023
-
5,000
205,793
5,843
216,636
At 30 April 2023
1,264,215
5,000
27,138
39
1,296,392
At 30 April 2022
1,264,215
7,500
33,922
79
1,305,716
Amounts falling due within one year
Accrued income and prepayments
12,378
(14,713)
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
66,400
38,443
Trade creditors
45,419
21,444
Taxes and social security
59,439
61,276
Other creditors
6,544
1,380
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
433,214
496,796
9
Average number of employees
During the year the average number of employees was 6 (2022: 6).
