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Registered number: 10102637
Chapman Surveyors Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
GLX Advisory Limited
Chartered Accountants
69-75 Thorpe Road
Norwich
NR1 1UA
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Mr O Chapman
Mrs K Chapman
Company Number 10102637
Registered Office Fen Farm Low Common
South Lopham
Diss
Norfolk
IP22 2JR
Accountants GLX Advisory Limited
Chartered Accountants
69-75 Thorpe Road
Norwich
NR1 1UA
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Page 2
Balance Sheet
Registered number: 10102637
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 73,494 79,438
73,494 79,438
CURRENT ASSETS
Debtors 5 13,454 11,483
Cash at bank and in hand 46,385 290,177
59,839 301,660
Creditors: Amounts Falling Due Within One Year 6 (65,571 ) (322,897 )
NET CURRENT ASSETS (LIABILITIES) (5,732 ) (21,237 )
TOTAL ASSETS LESS CURRENT LIABILITIES 67,762 58,201
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,729 ) (12,968 )
NET ASSETS 52,033 45,233
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 52,023 45,223
SHAREHOLDERS' FUNDS 52,033 45,233
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr O Chapman
Director
01/10/2024
The notes on pages 4 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Chapman Surveyors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10102637 . The registered office is Fen Farm Low Common, South Lopham, Diss, Norfolk, IP22 2JR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 5% Straight Line
Plant & Machinery 10% Reducing Balance
Fixtures & Fittings 10% Straight Line
Computer Equipment 20% Straight Line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
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3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:  4 (2023: 4)
4 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 79,085 5,500 15,163 5,036 104,784
Additions - - 800 249 1,049
As at 31 March 2024 79,085 5,500 15,963 5,285 105,833
Depreciation
As at 1 April 2023 12,590 550 9,185 3,021 25,346
Provided during the period 3,954 495 1,595 949 6,993
As at 31 March 2024 16,544 1,045 10,780 3,970 32,339
Net Book Value
As at 31 March 2024 62,541 4,455 5,183 1,315 73,494
As at 1 April 2023 66,495 4,950 5,978 2,015 79,438
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,639 5,524
Other debtors 6,815 5,959
13,454 11,483
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,299 3,484
Amounts owed to participating interests 11,536 18,755
Other creditors 17,420 294,076
Taxation and social security 32,316 6,582
65,571 322,897
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
8. Directors Advances, Credits and Guarantees
Included within creditors is a loan owed to the directors of £11,259 (2023: £19,952).
The above loan is unsecured, interest free and repayable on demand.
9. Related Party Transactions
Included within creditors is a loan to a party which is related by virtue of common control of £11,536 (2023: £18,755).  This loan is unsecured, interest free and repayable on demand. 
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