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REGISTERED NUMBER: 01006144 (England and Wales)














Financial Statements

for the Year Ended 30 June 2024

for

Chas E Prossor & Co Limited

Chas E Prossor & Co Limited (Registered number: 01006144)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chas E Prossor & Co Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Ms F V M Hurley
C J A Prossor
R D I Prossor





SECRETARY: Ms F V M Hurley





REGISTERED OFFICE: 70 Stanhope Street
Liverpool
Merseyside
L8 5RF





REGISTERED NUMBER: 01006144 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2/8 Oriel Road
Bootle
Merseyside
L20 7EP

Chas E Prossor & Co Limited (Registered number: 01006144)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,291 2,291
Tangible assets 5 59,027 72,619
Investments 6 263,218 247,575
Investment property 7 1,250,000 800,000
1,574,536 1,122,485

CURRENT ASSETS
Debtors 8 75,248 30,130
Cash at bank and in hand 165,019 311,382
240,267 341,512
CREDITORS
Amounts falling due within one year 9 117,829 103,141
NET CURRENT ASSETS 122,438 238,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,696,974

1,360,856

PROVISIONS FOR LIABILITIES 127,352 16,010
NET ASSETS 1,569,622 1,344,846

CAPITAL AND RESERVES
Called up share capital 10 45,000 45,000
Revaluation reserve 11 116,712 116,712
Retained earnings 11 1,407,910 1,183,134
SHAREHOLDERS' FUNDS 1,569,622 1,344,846

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

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

Chas E Prossor & Co Limited (Registered number: 01006144)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





R D I Prossor - Director


Chas E Prossor & Co Limited (Registered number: 01006144)

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


1. STATUTORY INFORMATION

Chas E Prossor & Co 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.

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.

Turnover
Turnover represents property rental income which is recognised on a straight line basis over the term of the lease.

Intangible assets
Trademarks are amortised at cost less residual value, over five years.

Tangible fixed assets & depreciation
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures & fittingsbetween 5 - 10 years

Motor vehiclesover 5 years

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.

Taxation
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
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Unlisted investment
Other investments are measured at fair value. Revaluation gains and losses are recognised in the profit and loss account.

Chas E Prossor & Co Limited (Registered number: 01006144)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Trademarks
and CE
marking
£   
COST
At 1 July 2023
and 30 June 2024 2,291
NET BOOK VALUE
At 30 June 2024 2,291
At 30 June 2023 2,291

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 156,645 59,248 215,893
DEPRECIATION
At 1 July 2023 138,920 4,354 143,274
Charge for year 4,885 8,707 13,592
At 30 June 2024 143,805 13,061 156,866
NET BOOK VALUE
At 30 June 2024 12,840 46,187 59,027
At 30 June 2023 17,725 54,894 72,619

6. FIXED ASSET INVESTMENTS
Interest
in other
participating Other
interests investments Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 75 247,500 247,575
Additions - 6,738 6,738
Disposals - (776 ) (776 )
Revaluations - 9,681 9,681
At 30 June 2024 75 263,143 263,218
NET BOOK VALUE
At 30 June 2024 75 263,143 263,218
At 30 June 2023 75 247,500 247,575

Chas E Prossor & Co Limited (Registered number: 01006144)

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


6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 June 2024 is represented by:

Interest
in other
participating Other
interests investments Totals
£    £    £   
Valuation in 2024 - 15,643 15,643
Cost 75 247,500 247,575
75 263,143 263,218

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 800,000
Revaluations 450,000
At 30 June 2024 1,250,000
NET BOOK VALUE
At 30 June 2024 1,250,000
At 30 June 2023 800,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2020 144,089
Valuation in 2024 450,000
Cost 655,911
1,250,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 19,313 2,500
Tax - 8,055
Deferred tax asset 55,935 19,575
75,248 30,130

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Social security and other taxes 1,690 1,599
VAT 296 253
Other creditors 27,855 26,150
Directors' loan accounts 85,685 73,140
Accrued expenses 2,303 1,999
117,829 103,141

Chas E Prossor & Co Limited (Registered number: 01006144)

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


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
45,000 Ordinary £1 45,000 45,000

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 July 2023 1,183,134 116,712 1,299,846
Profit for the year 292,276 - 292,276
Dividends (67,500 ) - (67,500 )
At 30 June 2024 1,407,910 116,712 1,524,622