Company Registration No. 05489292 (England and Wales)
Chambers Management Limited
Unaudited accounts
for the year ended 30 June 2024
Chambers Management Limited
Unaudited accounts
Contents
Chambers Management Limited
Company Information
for the year ended 30 June 2024
Company Number
05489292 (England and Wales)
Registered Office
39-41 Parker Street
Covent Garden
London
WC2B 5PQ
England
Accountants
Blue Cube Accountants Limited
7 High Street
Windsor
SL4 1LD
Chambers Management Limited
Statement of financial position
as at 30 June 2024
Tangible assets
62,789
48,529
Debtors
1,620,976
1,528,118
Cash at bank and in hand
109,209
115,169
Creditors: amounts falling due within one year
(216,083)
(145,255)
Net current assets
1,514,102
1,498,032
Total assets less current liabilities
1,576,891
1,546,561
Provisions for liabilities
Deferred tax
(12,097)
(12,132)
Net assets
1,564,794
1,534,429
Called up share capital
1
1
Profit and loss account
1,564,793
1,534,428
Shareholders' funds
1,564,794
1,534,429
For the year ending 30 June 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 15 November 2024 and were signed on its behalf by
Hannah Chambers
Director
Company Registration No. 05489292
Chambers Management Limited
Notes to the Accounts
for the year ended 30 June 2024
Chambers Management Limited is a private company, limited by shares, registered in England and Wales, registration number 05489292. The registered office is 39-41 Parker Street, Covent Garden, London, WC2B 5PQ, England.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
The accounts are presented in £ sterling.
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 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:
Land & buildings
10% straight Line
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charge to the profit & loss account in the period to which they relate.
Chambers Management Limited
Notes to the Accounts
for the year ended 30 June 2024
3
Tangible fixed assets
Land & buildings
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
-
87,273
60,684
147,957
Additions
14,399
-
12,757
27,156
At 30 June 2024
14,399
87,273
73,441
175,113
At 1 July 2023
-
49,700
49,728
99,428
Charge for the year
-
9,393
3,503
12,896
At 30 June 2024
-
59,093
53,231
112,324
At 30 June 2024
14,399
28,180
20,210
62,789
At 30 June 2023
-
37,573
10,956
48,529
Amounts falling due within one year
Amounts due from group undertakings etc.
1,617,347
1,523,868
Accrued income and prepayments
3,629
4,250
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
102,022
81,651
Other creditors
1,400
1,355
Loans from directors
39,228
16,496
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Chambers Management Limited
Notes to the Accounts
for the year ended 30 June 2024
7
Transactions with related parties
Included in debtors is £150,000 (2023 - £150,000) owed from Chambers Comedy Collective Limited. This company is owned and controlled by the director.
Included in debtors is £152,115 (2023 - £255,532) owed from Chambers Productions Limited. This company is owned by Chambers Comedy Collective Limited and is controlled by the director.
Included in debtors is £1,315,231 (2023 - £1,118,335) owed from Chambers Touring Limited. This company is owned by Chambers Comedy Collective Limited and is controlled by the director.
During the year £196,896 (2023 - £223,842) was charged to Chambers Touring Limited for staff costs and £96,583 (2023 - £55,532) was charged to Chambers Productions Limited for staff costs.
Chambers Comedy Collective Limited is the parent company. The registered office address and place of business is 39-41 Parker Street, London, England, WC2B 5PQ.
9
Average number of employees
During the year the average number of employees was 12 (2023: 11).