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Company Registration No. 11866469 (England and Wales)
Chambers Management Consulting Limited Unaudited accounts for the year ended 31 March 2024
Chambers Management Consulting Limited Unaudited accounts Contents
Page
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Chambers Management Consulting Limited Company Information for the year ended 31 March 2024
Director
Jennifer Chambers
Company Number
11866469 (England and Wales)
Registered Office
Office 2.05, Clockwise Old Town Hall, 30 Tweedy Road Bromley Kent BR1 3FE United Kingdom
Accountants
Anumerate Limited Office 2.05, Clockwise Old Town Hall 30 Tweedy Road Bromley BR13FE
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Chambers Management Consulting Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,977 
42 
Investment property
629,246 
629,246 
632,223 
629,288 
Current assets
Debtors
873 
- 
Cash at bank and in hand
1,385 
3,667 
2,258 
3,667 
Creditors: amounts falling due within one year
(19,244)
(13,741)
Net current liabilities
(16,986)
(10,074)
Total assets less current liabilities
615,237 
619,214 
Creditors: amounts falling due after more than one year
(553,955)
(554,876)
Net assets
61,282 
64,338 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
61,272 
64,328 
Shareholders' funds
61,282 
64,338 
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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 December 2024 and were signed on its behalf by
Jennifer Chambers Director Company Registration No. 11866469
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Chambers Management Consulting Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Chambers Management Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 11866469. The registered office is Office 2.05, Clockwise, Old Town Hall, 30 Tweedy Road, Bromley, Kent, BR1 3FE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
Considering future revenue streams, the Director is of the opinion that the company is a going concern.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives on a straight-line basis:
Computer equipment
20%
Other tangible fixed assets
25%
Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: - The amount of revenue can be reliably measured; - it is probable that future economic benefits will flow to the entity; and - specific criteria have been met for each of the company's activities.
Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.
Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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Chambers Management Consulting Limited Notes to the Accounts for the year ended 31 March 2024
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
167 
- 
167 
Additions
389 
3,049 
3,438 
At 31 March 2024
556 
3,049 
3,605 
Depreciation
At 1 April 2023
125 
- 
125 
Charge for the year
58 
445 
503 
At 31 March 2024
183 
445 
628 
Net book value
At 31 March 2024
373 
2,604 
2,977 
At 31 March 2023
42 
- 
42 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
629,246 
At 31 March 2024
629,246 
Investment properties are carried at fair value. In accordance with the accounting policy of the company and FRS 102, costs to purchase the property have been capitalised to the Statement of Financial Position. The Directors are of the opinion that the balance reflected above approximates fair market value as at the financial year-end date.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
873 
- 
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Chambers Management Consulting Limited Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,065 
1,065 
Trade creditors
557 
33 
Loans from directors
17,622 
12,643 
19,244 
13,741 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
402,955 
403,876 
Loans from directors
151,000 
151,000 
553,955 
554,876 
Creditors falling due after more than one year comprise a Bounce Back Loan, mortgage in respect of the property purchased and a long-term loan from the Director. Balances as at 31 March 2024 were as follows: Bounce Back Loan - £2,327 (2023: £3,320) Mortgage - £401,694 (2023: £401,621) of which the full balance is due after more than 5 years Loan from Director - £151,000 The Bounce Back loan incurs interest at 2.5% and is repayable over a 5 year term. The loan has a remaining term of 3 years and 3 months. Amounts due within 12 months in respect of loan capital repayments are reflected within note 8. The mortgage is an interest-only mortgage with a 20 year term and interest charged at 3.5%. No capital repayments are currently being made. Under the terms of the mortgage, the Director made a contribution to the company of £151,000 to provide operating cashflow for the acquisition of the property. This loan balance is unsecured, interest-free and may not be repaid to the Director until the mortgage held over the company is satisfied in full.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.10 each
10 
10 
10
Transactions with related parties
As at 31 March 2023, the Company owed the Director £163,643 (2022: £156,331) comprising a balance of £12,643 which is repayable on demand and a balance of £151,000 which can only be repaid to the Director once the mortgage has been repaid in full. Loans from the Director are unsecured and interest-free.
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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