Registered number |
08746251 |
CHISWICK HIGH ROAD 548-560 FH LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2022 |
PAGES FOR FILING WITH REGISTRAR |
CHISWICK HIGH ROAD 548-560 FH LTD | |||
CONTENTS | |||
Page | |||
Balance sheet | 1 - 2 | ||
Notes to the financial statements | 3 - 8 | ||
Balance Sheet | |||||||
as at |
|||||||
Company Registration No. | 08746251 | ||||||
Notes | 2022 | 2021 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Current assets | |||||||
Debtors | 4 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
||||
Net current assets | |||||||
Total assets less current liabilities | |||||||
Creditors: amounts falling due after more than one year | 6 | ( |
( |
||||
Provisions for liabilities | ( |
( |
|||||
Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Fair value reserve | 7 | ||||||
Profit and loss account | ( |
( |
|||||
Shareholder's funds | |||||||
………………………………….. | |||||||
Shane Armitage | |||||||
Director | |||||||
Approved by the board on |
|||||||
NOTES TO THE FINANCIAL STATEMENTS | ||||||||
FOR THE YEAR ENDED 31 OCTOBER 2022 | ||||||||
1 | Accounting policies | |||||||
Basis of preparation | ||||||||
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical convention. The principal accounting policies adopted are set out below. |
||||||||
Going concern | ||||||||
Turnover | ||||||||
Tangible fixed assets | ||||||||
Freehold buildings | over 50 years | |||||||
Fixtures, fittings and equipment | 20% straight line | |||||||
Financial instruments | ||||||||
Financial instruments are recognised in the company's balance sheet date when the company becomes party to the contractual provisions of the instruments. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective of impairments found, an impairment loss is recognised in profit and loss accounts. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
||||||||
Basic financial assets | ||||||||
Derecognition of financial assets | ||||||||
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. | ||||||||
Basic financial liabilities | ||||||||
Derecognition of financial liabilities | ||||||||
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled. | ||||||||
Cash and cash equivalents | ||||||||
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with financial institutions, and other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. | ||||||||
Taxation | ||||||||
Current tax | ||||||||
Deferred tax | ||||||||
The carrying amount of deferred tax assets is reviewed at each reporting end date. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the assets is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities relate to taxes levied by the same tax authority. |
||||||||
2 | Employees | 2022 | 2021 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Land and buildings | Fixtures, fittings and equipment | Total | ||||||
£ | £ | £ | ||||||
Cost | ||||||||
At 1 November 2021 | ||||||||
Additions | ||||||||
Loss on revaluation | - | |||||||
Disposals | ( |
- | ( |
|||||
At 31 October 2022 | ||||||||
Depreciation | ||||||||
At 1 November 2021 | - | |||||||
Charge for the year | - | |||||||
At 31 October 2022 | - | |||||||
Net book value | ||||||||
At 31 October 2022 | ||||||||
At 31 October 2021 | ||||||||
4 | Debtors | 2022 | 2021 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
Amounts owed by group undertakings and undertakings in which the company has a participating interest | ||||||||
Other debtors | ||||||||
Corporation tax recoverable | 100 | 100 | ||||||
5 | Creditors: amounts falling due within one year | 2022 | 2021 | |||||
£ | £ | |||||||
Loans and overdrafts | ||||||||
Trade creditors | ||||||||
Director's current account | 18,985 | 500 | ||||||
Other taxes and social security costs | ||||||||
Other creditors | ||||||||
6 | Creditors: amounts falling due after one year | 2022 | 2021 | |||||
£ | £ | |||||||
Loans | ||||||||
11 | Provisions for deferred Tax | 2022 | 2021 | |||||
£ | £ | |||||||
Origination and reversal of timing differences | 66,089 | 66,089 | ||||||
7 | Fair value reserve | 2022 | 2021 | |||||
£ | £ | |||||||
At 1 November 2021 | ||||||||
Gain/(loss) on revaluation of land and buildings | ( |
|||||||
At 31 October 2022 | ||||||||
8 | Related party transactions | |||||||
Station Approach Developments Ltd | ||||||||
Shane Armitage is a director and shareholder of Station Approach Developments Ltd. | ||||||||
2022 | 2021 | |||||||
Amounts due from related parties | £ | £ | ||||||
Entities with control, joint control or significant | ||||||||
influence over the company | 155,000 | 155,000 | ||||||
Alpha House Limited | ||||||||
Shane Armitage is a director and shareholder of Alpha House Limited. | ||||||||
2022 | 2021 | |||||||
Amounts due from related parties | £ | £ | ||||||
Entities with control, joint control or significant | ||||||||
influence over the company | 50,002 | 50,002 | ||||||
Armitage Trustees (UK) Ltd | ||||||||
Shane Armitage is a director and shareholder of Armitage Trustees (UK) Ltd . | ||||||||
2022 | 2021 | |||||||
Amounts due from related parties | £ | £ | ||||||
Entities with control, joint control or significant | ||||||||
influence over the company | 11,000 | 11,000 | ||||||
Malvern No 30 Ltd | ||||||||
Shane Armitage is a director and shareholder of Malvern No 30 Ltd . | ||||||||
2022 | 2021 | |||||||
Amounts due from related parties | £ | £ | ||||||
Entities with control, joint control or significant | ||||||||
influence over the company | 15,000 | 15,000 | ||||||
Armitage Group Limited | ||||||||
Shane Armitage is a director and shareholder of Armitage Group Limited. | ||||||||
2022 | 2021 | |||||||
Amounts due to related parties | £ | £ | ||||||
Entities with control, joint control or significant | ||||||||
influence over the company | (392,988) | (11,400) | ||||||
9 | Other information | |||||||
Chiswick High Road 548-560 FH Ltd is a private company limited by shares and incorporated in England and Wales. The registered office is: 3rd Floor, 33 Lowndes Street, Belgravia, London, SW1X 9HX. |