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REGISTERED NUMBER: 06967195 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CHANCERY CASE ASSOCIATES LTD

CHANCERY CASE ASSOCIATES LTD (BY SHARES) (REGISTERED NUMBER: 06967195)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2


CHANCERY CASE ASSOCIATES LTD (BY SHARES)

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: R Smith





REGISTERED OFFICE: Corner Oak
1 Homer Road
Solihull
B91 3QG





REGISTERED NUMBER: 06967195 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B91 3QG

CHANCERY CASE ASSOCIATES LTD (BY SHARES) (REGISTERED NUMBER: 06967195)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
£    £    £    £   
FIXED ASSETS 876 1,094

CURRENT ASSETS 247,141 642,792

CREDITORS
Amounts falling due within one year (247,996 ) (1,222,839 )
NET CURRENT LIABILITIES (855 ) (580,047 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21

(578,953

)

CAPITAL AND RESERVES 21 (578,953 )

NOTES TO THE FINANCIAL STATEMENTS

1. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was NIL (2022 - NIL).

2. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
R Smith
Balance outstanding at start of year 370,646 689,793
Amounts advanced 58,693 -
Amounts repaid (289,550 ) (319,147 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 139,789 370,646

CHANCERY CASE ASSOCIATES LTD (BY SHARES) (REGISTERED NUMBER: 06967195)

BALANCE SHEET - continued
31 DECEMBER 2023

NOTES TO THE FINANCIAL STATEMENTS

3. ADDITIONAL NOTE DISCLOSURE

The last actuarial report available was dated 2019 which at that point in time consisted of:

Pensions
For a defined benefit scheme, the liability recorded in the balance sheet is the present value of the defined obligation at that date. The defined benefit obligation is calculated on an annual basis by independent actuaries.

Actuarial gains and losses are recognised in full in the period in which they occur and are shown in Other Income.

Current and past service costs, along with settlements or curtailments, are charged to the Income Statement. Interest on pension plan liabilities are recognised within finance expense.


Pension Costs

Employer Pension Obligations
The Company has agreed to fund a defined benefit pension scheme in respect of key employees. The most recent actuarial valuation of the obligations of £ Nil (2022 - £862,000) was on 31/12/2019. During the year the expense paid was £nil (2022 £ nil).

In CY, the above provision related to pension transferred to Profit & Loss account.

The principal assumptions used are:

- Discount rate - 1.9%
- Inflation RPI - 2.9%
- Inflation CPI - 1.8%
- Pre and Post Retirement mortality - S3PA tables with improvements in the CMI 2018 model and a long term rate of improvement of 1.25%


20232022
Present value of defined benefit obligations£Nil £862,000
Fair value of scheme asset £Nil £Nil
Liability recognised in the balance sheet £Nil £862,000

Movements in the present value of the defined benefit obligations were as follows:

2023
At the beginning of the year£862,000
Payments made £Nil
Interest cost £Nil
Release to P&L £862,000
At the end of the year £Nil



CHANCERY CASE ASSOCIATES LTD (BY SHARES) (REGISTERED NUMBER: 06967195)

BALANCE SHEET - continued
31 DECEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 22 September 2024 and were signed by:





R Smith - Director