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REGISTERED NUMBER: 07590739 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Chambers Southern Counties Limited

Chambers Southern Counties Limited (Registered number: 07590739)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

Chambers Southern Counties Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr J Chambers
Mrs S S Seabrooke
Mr H R Chambers
Mrs D Chambers





REGISTERED OFFICE: Beaver Lodge Farm
Fontley Road
Titchfield
PO15 6QZ





REGISTERED NUMBER: 07590739 (England and Wales)





ACCOUNTANTS: Henry Thomas Advisory
Chartered Certified Accountants
Unit 6
St Georges Square
Portsmouth
Hampshire
PO1 3EY

Chambers Southern Counties Limited (Registered number: 07590739)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,842 95,390
Investments 5 300 300
Investment property 6 160,771 160,771
195,913 256,461

CURRENT ASSETS
Debtors 7 3,025,987 3,160,047
Cash at bank 211,661 16,999
3,237,648 3,177,046
CREDITORS
Amounts falling due within one year 8 384,656 256,230
NET CURRENT ASSETS 2,852,992 2,920,816
TOTAL ASSETS LESS CURRENT LIABILITIES 3,048,905 3,177,277

PROVISIONS FOR LIABILITIES 119,708 119,708
NET ASSETS 2,929,197 3,057,569

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 42,000 42,000
Retained earnings 2,887,097 3,015,469
2,929,197 3,057,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 January 2025 and were signed on its behalf by:





Mr J Chambers - Director


Chambers Southern Counties Limited (Registered number: 07590739)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Chambers Southern Counties 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the amount derived from ordinary activities, stated after trade discounts, value added tax and any other sales taxes, where applicable. Turnover is the value of work performed during the year with respect to services.

Turnover is recognised on the provision of services on a percentage degree of completion basis.

Rental income represents the fair value of rent and other fees received or receivable in the period and is stated
after any trade discounts or sales tax, where applicable. Rents and fees are recognised on an accruals basis.

Tangible fixed assets
Items or property, plant and equipment are stated at cost of acquisition less accumulated depreciation.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. The estimated useful lives range as follows:

Plant & Machinery - 20% on straight line method.
Fixtures & Fittings - 20% on straight line method.
Motor Vehicles - 25% on straight line method.
Computer Equipment - 33.33% on straight line method.

The gain or loss arising from the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to profit or loss.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Chambers Southern Counties Limited (Registered number: 07590739)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently measured at amortised cost using the effective interest
method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the Financial Statements and their inclusion in tax assessments.

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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Current and deferred tax assets and liabilities are not discounted.

Going concern
The directors note that the company is trading adequately and has sufficiently working capital and other finance available to continue trading for a period of not less than 12 months from the date of signing these financial statements. There are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - NIL ) .

Chambers Southern Counties Limited (Registered number: 07590739)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 696,574 20,663 700,343 14,982 1,432,562
Disposals - - (47,136 ) - (47,136 )
At 30 April 2024 696,574 20,663 653,207 14,982 1,385,426
DEPRECIATION
At 1 May 2023 596,943 20,342 682,764 14,982 1,315,031
Charge for year 50,297 81 3,921 - 54,299
Eliminated on disposal - - (18,746 ) - (18,746 )
At 30 April 2024 647,240 20,423 667,939 14,982 1,350,584
NET BOOK VALUE
At 30 April 2024 49,334 240 (14,732 ) - 34,842
At 30 April 2023 99,631 321 17,579 - 117,531

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 300
NET BOOK VALUE
At 30 April 2024 300
At 30 April 2023 300

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 160,771
NET BOOK VALUE
At 30 April 2024 160,771
At 30 April 2023 160,771

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed by group undertakings 2,897,173 2,815,173
Other debtors 128,814 344,874
3,025,987 3,160,047

Chambers Southern Counties Limited (Registered number: 07590739)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 6,141 1,088
Amounts owed to group undertakings 367,671 -
Taxation and social security 8,344 963
Other creditors 2,500 254,179
384,656 256,230

9. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 30 April 2024 42,000

10. RELATED PARTY DISCLOSURES

The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. POST BALANCE SHEET EVENTS

There are no reportable events between the date of the Financial Statements and the date of the signing these Financial Statements.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Chambers.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Chambers Southern Counties Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chambers Southern Counties Limited for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Chambers Southern Counties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chambers Southern Counties Limited and state those matters that we have agreed to state to the Board of Directors of Chambers Southern Counties Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chambers Southern Counties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Chambers Southern Counties Limited. You consider that Chambers Southern Counties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chambers Southern Counties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Henry Thomas Advisory
Chartered Certified Accountants
Unit 6
St Georges Square
Portsmouth
Hampshire
PO1 3EY


28 January 2025