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REGISTERED NUMBER: 03945008 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Chamber Limited

Chamber Limited (Registered number: 03945008)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Chamber Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr B W Hargreaves





SECRETARY: Ms K Y T Johnson





REGISTERED OFFICE: 29 Whittington Way
Bream
Lydney
Gloucestershire
GL15 6AW





REGISTERED NUMBER: 03945008 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Chamber Limited (Registered number: 03945008)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 377

CURRENT ASSETS
Debtors 5 30,469 25,244
Cash at bank 53 1,062
30,522 26,306
CREDITORS
Amounts falling due within one year 6 11,009 7,786
NET CURRENT ASSETS 19,513 18,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,513

18,897

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 19,511 18,895
SHAREHOLDERS' FUNDS 19,513 18,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 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 22 November 2023 and were signed by:





Mr B W Hargreaves - Director


Chamber Limited (Registered number: 03945008)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Chamber 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

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 2 (2022 - 2 ) .

Chamber Limited (Registered number: 03945008)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2022
and 28 February 2023 18,463
DEPRECIATION
At 1 March 2022 18,086
Charge for year 377
At 28 February 2023 18,463
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 377

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Directors' current accounts 30,469 25,244

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 486 486
Corporation tax 9,923 6,700
Accrued expenses 600 600
11,009 7,786

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 Ordinary £1 2 2

8. RESERVES
Retained
earnings
£   

At 1 March 2022 18,895
Profit for the year 6,616
Dividends (6,000 )
At 28 February 2023 19,511

Chamber Limited (Registered number: 03945008)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
Mr B W Hargreaves
Balance outstanding at start of year 25,244 25,404
Amounts advanced 5,225 -
Amounts repaid - (160 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,469 25,244

Interest has been charged on the overdrawn amounts at the appropriate rates.

10. RELATED PARTY DISCLOSURES

During the year the director, Mr B W Hargreaves, received dividends from the company of £3,000 (2022 - £11,000).

11. ULTIMATE CONTROLLING PARTY

The director acknowledges that there is no ultimate controlling party as no individual holds a majority of the company's issued share capital.