Chiswell Maine Limited - Accounts to registrar (filleted) - small 23.2.5

Chiswell Maine Limited - Accounts to registrar (filleted) - small 23.2.5

CHISWELL MAINE LIMITED - Company Information

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REGISTERED NUMBER: 08808749 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Chiswell Maine Limited
Chiswell Maine Limited (Registered number: 08808749)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chiswell Maine Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R Ahmed





REGISTERED OFFICE: 2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY





REGISTERED NUMBER: 08808749 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY
Page 1
Chiswell Maine Limited (Registered number: 08808749)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 300,095 300,095

CURRENT ASSETS
Debtors 5 20,100 71,100
Cash at bank 7,626 23,865
27,726 94,965
CREDITORS
Amounts falling due within one year 6 35,325 125,951
NET CURRENT LIABILITIES (7,599 ) (30,986 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
292,496
269,109

PROVISIONS FOR LIABILITIES 16,505 12,543
NET ASSETS 275,991 256,566

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 49,514 53,476
Retained earnings 226,377 202,990
SHAREHOLDERS' FUNDS 275,991 256,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
Chiswell Maine Limited (Registered number: 08808749)

Balance Sheet - continued
31 December 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 January 2024 and were signed by:





R Ahmed - Director


The notes form part of these financial statements

Page 3
Chiswell Maine Limited (Registered number: 08808749)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Chiswell Maine Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties whose fair value can be measured reliably are measured at fair value. The surplus or deficit on revaluation is recognised in the profit and loss account accumulated in the profit and loss reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4 continued...
Chiswell Maine Limited (Registered number: 08808749)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 300,095
NET BOOK VALUE
At 31 December 2023 300,095
At 31 December 2022 300,095

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 66,019
Cost 234,076
300,095

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 20,100 71,100

Page 5 continued...
Chiswell Maine Limited (Registered number: 08808749)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 270
Tax 931 4,366
VAT 868 855
Other creditors 32,000 119,000
Accruals and deferred income 1,526 1,460
35,325 125,951

7. RESERVES
Fair
value
reserve
£   
At 1 January 2023 53,476
Fair Value Reserve (3,962 )

At 31 December 2023 49,514

Page 6