REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
CHANCERY CASE ASSOCIATES LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
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 |
CURRENT ASSETS |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES | ( |
) |
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 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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% |
2023 | 2022 |
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 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 were approved by the director and authorised for issue on |