CHASE RESIDENTIAL LIMITED - Accounts

CHASE RESIDENTIAL LIMITED - Company Information

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Registered Number: 10325659

CHASE RESIDENTIAL LIMITED

Abridged Accounts

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

CHASE RESIDENTIAL LIMITED
Contents Page
For the year ended 31 August 2023

Statement of financial position	1
Notes to the financial statements	2

CHASE RESIDENTIAL LIMITED
Statement of Financial Position
As at 31 August 2023

	Notes	2023 £	2022 £
Current assets
Debtors: amounts falling due within one year		623	174
Cash at bank and in hand		38,231	51,994
		38,854	52,168
Creditors: amount falling due within one year		(35,485)	(44,752)
Net current assets		3,369	7,416

Total assets less current liabilities		3,369	7,416
Provisions for liabilities		(80)	(1,004)
Net assets		3,289	6,412

Capital and reserves
Called up share capital	5	100	100
Profit and loss account		3,189	6,312
Shareholder's funds		3,289	6,412

For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 17 April 2024 and were signed on its behalf by:

-------------------------------
Tom Joy Dominic
Director

CHASE RESIDENTIAL LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 August 2023

General Information

CHASE RESIDENTIAL LIMITED is a private company, limited by shares, registered in , registration number 10325659, registration address 6 Odeon Parade, Sudbury Heights Avenue, Greenford, UB6 0NA.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Directors' Emoluments

	2023 £	2022 £
Administrative Expenses
Directors Salaries	24,960	21,740
	24,960	21,740

Staff Costs

	2023 £	2022 £
Wages and salaries	64,578	52,074
Pension costs, defined contribution plan	(47)	1,288
Other staff costs	3,628	722
	68,159	54,084

Average number of employees during the year	Number	Number
Administration	2	2
	2	2

4.	Average number of employees Average number of employees during the year was 2 (2022 : 2).

Share Capital

Allotted, called up and fully paid	2023 £		2022 £
100 Class A shares of £1.00 each	100		100
	100		100