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REGISTERED NUMBER: 02463600 (England and Wales)














Financial Statements for the Period 1 July 2021 to 31 December 2022

for

Chimera Agencies Limited

Chimera Agencies Limited (Registered number: 02463600)






Contents of the Financial Statements
for the Period 1 July 2021 to 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Chimera Agencies Limited

Company Information
for the Period 1 July 2021 to 31 December 2022







DIRECTOR: Mr A G Stephenson





REGISTERED OFFICE: P.o.box 776
5 Benton Close
Braintree
Essex
CM77 8ZT





REGISTERED NUMBER: 02463600 (England and Wales)





AUDITORS: Nordens Audit Limited
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Chimera Agencies Limited (Registered number: 02463600)

Balance Sheet
31 December 2022

31.12.22 30.6.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 692,723 9,870

CURRENT ASSETS
Debtors 5 431,950 689,505
Cash at bank and in hand 5,226,131 6,367,655
5,658,081 7,057,160
CREDITORS
Amounts falling due within one year 6 398,698 1,287,462
NET CURRENT ASSETS 5,259,383 5,769,698
TOTAL ASSETS LESS CURRENT LIABILITIES 5,952,106 5,779,568

PROVISIONS FOR LIABILITIES 7 1,630 1,630
NET ASSETS 5,950,476 5,777,938

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 5,950,474 5,777,936
5,950,476 5,777,938

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 23 February 2024 and were signed by:





Mr A G Stephenson - Director


Chimera Agencies Limited (Registered number: 02463600)

Notes to the Financial Statements
for the Period 1 July 2021 to 31 December 2022

1. STATUTORY INFORMATION

Chimera Agencies 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.

Turnover from the use of services is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on the date of shipping); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Trade debtors and creditors are classed as basic financial instruments and are initially measured at transaction price.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and short-term deposits with an original maturity date of three months or less.

Loans and borrowings are classified as basic financial instruments and are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument, unless exempt from such treatment.

Taxation
Taxation for the period 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.


Chimera Agencies Limited (Registered number: 02463600)

Notes to the Financial Statements - continued
for the Period 1 July 2021 to 31 December 2022

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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2021 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2021 - 7,621 35,083 68,878 111,582
Additions 672,295 - 3,454 13,035 688,784
At 31 December 2022 672,295 7,621 38,537 81,913 800,366
DEPRECIATION
At 1 July 2021 - 5,754 29,715 66,243 101,712
Charge for period - 420 1,985 3,526 5,931
At 31 December 2022 - 6,174 31,700 69,769 107,643
NET BOOK VALUE
At 31 December 2022 672,295 1,447 6,837 12,144 692,723
At 30 June 2021 - 1,867 5,368 2,635 9,870

Chimera Agencies Limited (Registered number: 02463600)

Notes to the Financial Statements - continued
for the Period 1 July 2021 to 31 December 2022

5. DEBTORS
31.12.22 30.6.21
£    £   
Amounts falling due within one year:
Trade debtors 281,350 514,104
Other debtors 69,350 94,151
350,700 608,255

Amounts falling due after more than one year:
Other debtors 81,250 81,250

Aggregate amounts 431,950 689,505

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 30.6.21
£    £   
Trade creditors 347,188 1,055,944
Taxation and social security 42,703 194,162
Other creditors 8,807 37,356
398,698 1,287,462

7. PROVISIONS FOR LIABILITIES
31.12.22 30.6.21
£    £   
Deferred tax 1,630 1,630

Deferred
tax
£   
Balance at 1 July 2021 1,630
Balance at 31 December 2022 1,630

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lorraine Curtis ACA BFP FCCA (Senior Statutory Auditor)
for and on behalf of Nordens Audit Limited

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A G Stephenson.