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REGISTERED NUMBER: 12760920 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHANTRIES AND PEWLEYS ESTATE AGENTS LTD

CHANTRIES AND PEWLEYS ESTATE AGENTS LTD (REGISTERED NUMBER: 12760920)

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 9

CHANTRIES AND PEWLEYS ESTATE AGENTS LTD

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: Anthony Martin Brown
Christoper Dean
Gavin Amberton
Andrew Moran





REGISTERED OFFICE: 2 St Mary's Terrace
Mill Lane
Guildford
Surrey
GU1 3TZ





REGISTERED NUMBER: 12760920 (England and Wales)





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

CHANTRIES AND PEWLEYS ESTATE AGENTS LTD (REGISTERED NUMBER: 12760920)

STATEMENT OF FINANCIAL POSITION
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,474 6,109
Investments 5 100 75
4,574 6,184

CURRENT ASSETS
Debtors 6 377,362 300,793
Cash at bank and in hand 468,246 338,765
845,608 639,558
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

203,961

115,364
NET CURRENT ASSETS 641,647 524,194
TOTAL ASSETS LESS CURRENT
LIABILITIES

646,221

530,378

CAPITAL AND RESERVES
Called up share capital 8 90 90
Retained earnings 646,131 530,288
SHAREHOLDERS' FUNDS 646,221 530,378

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.

CHANTRIES AND PEWLEYS ESTATE AGENTS LTD (REGISTERED NUMBER: 12760920)

STATEMENT OF FINANCIAL POSITION - continued
31 December 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 9 April 2025 and were signed on its behalf by:




Anthony Martin Brown - Director Christoper Dean - Director




Gavin Amberton - Director Andrew Moran - Director


CHANTRIES AND PEWLEYS ESTATE AGENTS LTD (REGISTERED NUMBER: 12760920)

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


1. Statutory information

Chantries and Pewleys Estate Agents 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Chantries and Pewleys Estate Agents Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
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.

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 on sales of properties. Commissions are recognised when the outcome of the transaction can be estimated reliably, usually on exchange of contracts for the sale of the property.

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 - 25% - 33% on cost

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

CHANTRIES AND PEWLEYS ESTATE AGENTS LTD (REGISTERED NUMBER: 12760920)

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


2. Accounting policies - continued

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.

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.

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 strong presence in the market and a well respected brand.

The directors maintain a tight control on overheads and have a conservative policy on maintaining cash reserves in order to cover any deficit caused by unexpected trading conditions. The directors believe the company 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 13 (2023 - 13 ) .

CHANTRIES AND PEWLEYS ESTATE AGENTS LTD (REGISTERED NUMBER: 12760920)

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 49,082
Additions 2,361
Disposals (940 )
At 31 December 2024 50,503
Depreciation
At 1 January 2024 42,973
Charge for year 3,996
Eliminated on disposal (940 )
At 31 December 2024 46,029
Net book value
At 31 December 2024 4,474
At 31 December 2023 6,109

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 January 2024 75
Additions 25
At 31 December 2024 100
Net book value
At 31 December 2024 100
At 31 December 2023 75

The company owns 100% (2023 - 75%) of the issued share capital and voting rights in Chantries & Pewleys Estate Agents Cranleigh Limited.

CHANTRIES AND PEWLEYS ESTATE AGENTS LTD (REGISTERED NUMBER: 12760920)

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


6. Debtors
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 142,966 83,391
Amounts owed by group undertakings 192,451 141,703
Loans to directors 7,500 10,000
Prepayments and accrued income 21,398 52,652
364,315 287,746

Amounts falling due after more than one year:
Other debtors 9,672 9,672
Corporation tax 3,375 3,375
13,047 13,047

Aggregate amounts 377,362 300,793

Other debtors falling due after more than one year represents rent deposits which will be repaid when the relevant properties are vacated or earlier as agreed with the landlord.

The amounts owed by group undertakings relates to trading and cashflow facilities advanced to Chantries & Pewleys Estate Agents Cranleigh Limited which are interest free, unsecured and repayable on demand.

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 23,332 19,962
Corporation tax 80,348 36,011
Social security and other taxes 88,474 55,249
Accruals and deferred income 11,807 4,142
203,961 115,364

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
9,000 Ordinary 1p 90 90

CHANTRIES AND PEWLEYS ESTATE AGENTS LTD (REGISTERED NUMBER: 12760920)

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


8. Called up share capital - continued

The ordinary shares are divided into 4,500 each of A and D ordinary shares of 1p each. They rank pari passu in all respects except that the D ordinary shares are non-voting and variable dividends may be paid.

On 10 September 2024 the former B and C ordinary shares were renamed A ordinary shares and the former E and F ordinary shares were renamed D ordinary shares. On the same day all of the shares were sub-divided from £0.10 shares into £0.01 shares on the basis of 10 new shares for each 1 share currently held.

9. Operating lease commitments

Minimum lease payments under non-cancellable operating leases of land and buildings fall due as follows:

20242023
£   £   
Within one year35,50029,604
Between one and five years137,668-
173,16829,604


10. Loans to directors

The loan of £10,000 to Christopher Dean, a director, was repaid the year. A loan of £7,500 was advanced to Gavin Amberton, a director, during the year and remains outstanding at the year end.

11. Related party disclosures

During the year, total dividends of £91,600 (2023 - £90,000) were paid to the directors .

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CHANTRIES AND PEWLEYS ESTATE AGENTS 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 Estate Agents 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 Estate Agents 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 Estate Agents Ltd and state those matters that we have agreed to state to the Board of Directors of Chantries and Pewleys Estate Agents 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 Estate Agents 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 Estate Agents 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 Estate Agents Ltd. You consider that Chantries and Pewleys Estate Agents 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 Estate Agents 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