PTP Accounts Production v24.3.2.46 07825191 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 0.10000 Ordinary 0.10000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078251912023-12-31078251912024-12-31078251912024-01-012024-12-31078251912022-12-31078251912023-01-012023-12-31078251912023-12-3107825191ns15:EnglandWales2024-01-012024-12-3107825191ns14:PoundSterling2024-01-012024-12-3107825191ns10:Director12024-01-012024-12-3107825191ns10:Director22024-01-012024-12-3107825191ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107825191ns10:SmallEntities2024-01-012024-12-3107825191ns10:AuditExemptWithAccountantsReport2024-01-012024-12-3107825191ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3107825191ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3107825191ns10:FullAccounts2024-01-012024-12-3107825191ns10:OrdinaryShareClass12024-01-012024-12-3107825191ns10:RegisteredOffice2024-01-012024-12-3107825191ns5:CurrentFinancialInstruments2024-12-3107825191ns5:CurrentFinancialInstruments2023-12-3107825191ns5:ShareCapital2024-12-3107825191ns5:ShareCapital2023-12-3107825191ns5:CapitalRedemptionReserve2024-12-3107825191ns5:CapitalRedemptionReserve2023-12-3107825191ns5:RetainedEarningsAccumulatedLosses2024-12-3107825191ns5:RetainedEarningsAccumulatedLosses2023-12-3107825191ns5:ComputerEquipment2024-01-012024-12-3107825191ns5:ComputerEquipment2023-12-3107825191ns5:ComputerEquipment2024-12-3107825191ns5:ComputerEquipment2023-12-3107825191ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3107825191ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3107825191ns5:Non-currentFinancialInstruments2024-12-3107825191ns5:Non-currentFinancialInstruments2023-12-3107825191ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 07825191 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHANTRIES AND PEWLEYS LETTINGS &
PROPERTY MANAGEMENT LTD

CHANTRIES AND PEWLEYS LETTINGS &
PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 07825191)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

CHANTRIES AND PEWLEYS LETTINGS &
PROPERTY MANAGEMENT LTD

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: Anthony Martin Brown
Christoper Dean





REGISTERED OFFICE: 39 Berwyn Road
Richmond
Surrey
TW10 5BU





REGISTERED NUMBER: 07825191 (England and Wales)





ACCOUNTANTS: de Freitas & Co.
Chartered Accountants
39 Berwyn Road
Richmond
Surrey
TW10 5BU

CHANTRIES AND PEWLEYS LETTINGS &
PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 07825191)

STATEMENT OF FINANCIAL POSITION
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 726 484

CURRENT ASSETS
Debtors 5 6,916 18,366
Cash at bank and in hand 155,441 244,489
162,357 262,855
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

61,515

60,525
NET CURRENT ASSETS 100,842 202,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,568

202,814

CAPITAL AND RESERVES
Called up share capital 7 66 99
Capital redemption reserve 66 33
Retained earnings 101,436 202,682
SHAREHOLDERS' FUNDS 101,568 202,814

CHANTRIES AND PEWLEYS LETTINGS &
PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 07825191)

STATEMENT OF FINANCIAL POSITION - continued
31 December 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:




Anthony Martin Brown - Director



Christoper Dean - Director


CHANTRIES AND PEWLEYS LETTINGS &
PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 07825191)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024


1. Statutory information

Chantries and Pewleys Lettings & Property Management Ltd 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.

Significant judgements
The directors have not been required to make any material critical judgements in the process of applying the company's accounting policies.

Turnover
Turnover represents commissions receivable in respect of letting and property management services performed during the year. Commissions are recognised over the period of the rental. Any amounts invoiced in advance of recognition of income are included within deferred income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office furniture and equipment - 33% on cost

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds only basic financial instruments which comprise cash, trade and other debtors and trade and other creditors.

Cash - these include deposits held with banks and other short-term highly liquid investments with maturities of three months or less.

Trade and other debtors - these are initially recognised at the transaction price and are subsequently measured at amortised cost using the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount expected to be receivable, net of any impairment.

Trade and other creditors - these are initially measured at the transaction price and are subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the undiscounted amount expected to be payable.


CHANTRIES AND PEWLEYS LETTINGS &
PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 07825191)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


2. Accounting policies - continued
Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement.

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 statement of financial position date.

Employee benefits
Short term benefits
Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received. An accrual is recognised for short term compensated absences where entitlement has accumulated, but has not been taken, at the reporting date.

Defined contribution pension scheme
The company operates a defined contribution pension scheme, the assets of which are held separately from those of the company in independently administered funds. Contributions payable are recognised in the income statement in the year to which the contributions relate.

Operating leases
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the term of the lease.

Going concern
The company has established a good reputation and is continually obtaining new clients.

The directors believe that, under the circumstances, it is well placed to manage its business risks for the foreseeable future.Therefore the directors have adopted the going concern basis of accounting in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 6 (2023 - 6 ) .

CHANTRIES AND PEWLEYS LETTINGS &
PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 07825191)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


4. Tangible fixed assets
Office
furniture
and
equipment
£   
Cost
At 1 January 2024 8,900
Additions 654
At 31 December 2024 9,554
Depreciation
At 1 January 2024 8,416
Charge for year 412
At 31 December 2024 8,828
Net book value
At 31 December 2024 726
At 31 December 2023 484

5. Debtors
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 722 2,131
Directors' loan accounts - 10,000
Corporation tax 3,375 -
Prepayments and accrued income 2,819 2,860
6,916 14,991

Amounts falling due after more than one year:
Corporation tax - 3,375

Aggregate amounts 6,916 18,366

CHANTRIES AND PEWLEYS LETTINGS &
PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 07825191)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 1,984 8,029
Corporation tax 24,881 24,408
Social security and other taxes 17,029 17,173
Accruals and deferred income 17,621 10,915
61,515 60,525

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
660 Ordinary £0.10 66 99

The ordinary shares are divided into 330 each of ordinary and A ordinary shares of £0.10 each. They rank pari passu in all respects except that the A ordinary shares are non-voting and variable dividends may be paid.

On 10 September 2024 all of the shares were sub-divided from £1.00 shares into £0.10 shares on the basis of 10 new shares for each 1 share currently held.

On 30 September 2024 the company passed an ordinary resolution to purchase 165 ordinary shares from Richard Charles Prynne, a director of this company, and 165 ordinary shares from Louise Prynne, his wife. The purchase consideration was paid out of distributable profits and the shares were cancelled immediately upon acquisition.

On 31 December 2024, 330 of the former ordinary shares were renamed A ordinary shares.

8. Operating lease commitments

At 31 December 2024 the company had outstanding commitments for future minimum lease payments under a non-cancellable operating lease in respect of land and buildings of £43,500 (2023 - £7,500).

9. Directors' advances, credits and guarantees

The loan of £10,000 to Christopher Dean, a director, was repaid during the year.

10. Client accounts

The company operates a client bank account for client's monies. The balance on this account at 31 December 2024 was £86,783 (2023 - £99,182) which was matched by liabilities to individual clients. As these funds are held on behalf of clients these amounts have not been included in the company's assets and liabilities.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CHANTRIES AND PEWLEYS LETTINGS &
PROPERTY MANAGEMENT LTD


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 Statement of Financial Position. 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 Chantries and Pewleys Lettings & Property Management Ltd for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Chantries and Pewleys Lettings & Property Management Ltd, 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 Chantries and Pewleys Lettings & Property Management Ltd and state those matters that we have agreed to state to the Board of Directors of Chantries and Pewleys Lettings & Property Management Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chantries and Pewleys Lettings & Property Management Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chantries and Pewleys Lettings & Property Management Ltd 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 profit of Chantries and Pewleys Lettings & Property Management Ltd. You consider that Chantries and Pewleys Lettings & Property Management Ltd 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 Chantries and Pewleys Lettings & Property Management Ltd. 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.






de Freitas & Co.
Chartered Accountants
39 Berwyn Road
Richmond
Surrey
TW10 5BU


9 April 2025