CHESNEY COURT LIMITED
Registered number:
03297545
BALANCE SHEET
As at
31 March 2021
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Notes
The company is a private limited liability company with share capital registered in England & Wales under company number 03297545 with its registered office at 1 Princeton Mews, 167 - 169 London Road, Kingston Upon Thames, Surrey KT2 6PT.
Average number of employees
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The average monthly number of employees, including directors, during the year was
2
(2020 -
3
)
.
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
29 March 2022
.
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CHESNEY COURT LIMITED
Registered number:
03297545
The financial statements in respect of the prior year have been revised in respect of the following points -
In December 2019 the company completed on the grant of a lease extension the proceeds of which were only received in October 2021. This transaction should be reflected in the finanical statements when it is completed rather than when the proceeds are received. Therefore the profit on the transaction of £47,789 and the resulting corporation tax liability of £8,496 have now been included in the prior years figures.
In December 2019 the completed completed a legal matter between itself, as landlord of Chesney Court, and a lessee. The costs in respect of this matter had been settled by the managing agent through funds held by them. These costs have now been reflected in the prior years figures.
Previously the cost of the freehold property was being depreciated over 25 years. As the freehold property is being maintained to a high standard via a service charge fund it is likely that any depreciation cost will be immaterial on both an annual or cumulative basis. Therefore the financial statements have been revised to reflect this and the prior year depreciation charges on the freehold property reversed resulting in an uplift of the Fixed Asset carrying value in the balance sheet of £12,128.
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