Chesterton Commercial (Maidenhead) Limited - Filleted accounts

CHESTERTON COMMERCIAL (MAIDENHEAD) LIMITED - Company Information

Chesterton Commercial (Maidenhead) Limited
Registered number:		05610217
Balance Sheet
as at 28 February 2023

Notes			2023			2022
£				£
Current assets
Stocks		-			1,172,632
Debtors	3	387,890			534,760
Cash at bank and in hand		3,331			19,491
		391,221			1,726,883

Creditors: amounts falling due within one year	4	(1,048,691)			(708,730)

Net current (liabilities)/assets			(657,470)			1,018,153

Total assets less current liabilities			536,053			1,018,153

Creditors: amounts falling due after more than one year	5		(864,253)			(1,166,900)



Net liabilities			(328,200)			(148,747)

Capital and reserves
Called up share capital			2			2
Profit and loss account			(328,202)			(148,749)

Shareholders' funds			(328,200)			(148,747)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




AFJ Bryant
Director
Approved by the board on 3 November 2023

Chesterton Commercial (Maidenhead) Limited
Notes to the Accounts
for the year ended 28 February 2023


1	Accounting policies

	Basis of preparation
	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).

	Turnover
	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. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	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.

	Creditors
	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.


2	Employees		2023		2022
Number				Number

	Average number of persons employed by the company		2		2


3	Debtors		2023		2022
£				£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest		387,890		387,890
	Other debtors		-		146,870
			387,890		534,760


4	Creditors: amounts falling due within one year		2023		2022
£				£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest		714,549		708,730


5	Creditors: amounts falling due after one year		2023		2022
£				£

	Bank loans		864,253		1,166,900


6	Other information

	Chesterton Commercial (Maidenhead) Limited is a private company limited by shares and incorporated in England. Its registered office is:
	9 Chalfont Court
	Lower Earley
	Reading
	RG6 5SY