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REGISTERED NUMBER: 08546882 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

CHANDLER BARS GROUP LIMITED

CHANDLER BARS GROUP LIMITED (REGISTERED NUMBER: 08546882)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHANDLER BARS GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Miss D Chandler
Miss B Chandler





REGISTERED OFFICE: 1 Hackney Road
London
E2 7NX





REGISTERED NUMBER: 08546882 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

CHANDLER BARS GROUP LIMITED (REGISTERED NUMBER: 08546882)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,042 36,910
Investments 5 300 300
Investment property 6 4,650,000 4,650,000
4,686,342 4,687,210

CURRENT ASSETS
Debtors 7 53,268 300,683
Cash at bank 8,437 93
61,705 300,776
CREDITORS
Amounts falling due within one year 8 2,499,960 1,553,646
NET CURRENT LIABILITIES (2,438,255 ) (1,252,870 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,248,087

3,434,340

CREDITORS
Amounts falling due after more than one year 9 (242,472 ) (1,464,483 )

PROVISIONS FOR LIABILITIES (69,961 ) (145,430 )
NET ASSETS 1,935,654 1,824,427

CAPITAL AND RESERVES
Called up,fully paid share capital 100 100
Share premium 1,237,715 1,237,715
Fair value reserve 511,759 581,720
Retained earnings 186,080 4,892
SHAREHOLDERS' FUNDS 1,935,654 1,824,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CHANDLER BARS GROUP LIMITED (REGISTERED NUMBER: 08546882)

BALANCE SHEET - continued
31 JANUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





Miss B Chandler - Director


CHANDLER BARS GROUP LIMITED (REGISTERED NUMBER: 08546882)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Chandler Bars Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Chandler Bars Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Improvements to property - 2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
The investment properties are held at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 (2023 - 2 ) .

CHANDLER BARS GROUP LIMITED (REGISTERED NUMBER: 08546882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 February 2023
and 31 January 2024 43,416
DEPRECIATION
At 1 February 2023 6,506
Charge for year 868
At 31 January 2024 7,374
NET BOOK VALUE
At 31 January 2024 36,042
At 31 January 2023 36,910

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 300
NET BOOK VALUE
At 31 January 2024 300
At 31 January 2023 300

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 4,650,000
NET BOOK VALUE
At 31 January 2024 4,650,000
At 31 January 2023 4,650,000

The investment property value is reviewed by the company director at the balance sheet date.

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2019 381,720
Valuation in 2022 200,000
Cost 4,068,280
4,650,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 53,268 300,683

CHANDLER BARS GROUP LIMITED (REGISTERED NUMBER: 08546882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,248 244,709
Amounts owed to group undertakings 2,427,803 1,295,330
Taxation and social security 13,104 12,134
Other creditors 8,805 1,473
2,499,960 1,553,646

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 242,472 1,464,483

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 292,720 1,709,192

The company has fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, building, fixtures, fixed plant and machinery.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the directors owed the company £1,789 (2023 - £149,388).