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REGISTERED NUMBER: 12792628 (England and Wales)















Financial Statements For The Year Ended 31 December 2024

for

ChandlerKBS Ltd

ChandlerKBS Ltd (Registered number: 12792628)






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 3


ChandlerKBS Ltd

Company Information
For The Year Ended 31 December 2024







DIRECTORS: A Al Jajeh
D Hutchison
S H Parkhouse
J Gavigan





REGISTERED OFFICE: Chandlers House
Terra Nova Way
Penarth Marina
Cardiff
CF64 1SA





REGISTERED NUMBER: 12792628 (England and Wales)





INDEPENDENT AUDITORS: Robb Ferguson
Chartered Accountants & Statutory Auditors
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

ChandlerKBS Ltd (Registered number: 12792628)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,344 -

CURRENT ASSETS
Debtors 5 7,425,878 1
Cash at bank 898,843 -
8,324,721 1
CREDITORS
Amounts falling due within one year 6 1,326,065 -
NET CURRENT ASSETS 6,998,656 1
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,000,000

1

CAPITAL AND RESERVES
Called up share capital 7,000,000 1
7,000,000 1

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:





A Al Jajeh - Director


ChandlerKBS Ltd (Registered number: 12792628)

Notes to the Financial Statements
For The Year Ended 31 December 2024

1. STATUTORY INFORMATION

ChandlerKBS 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.

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.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes 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 statement of financial position date.


ChandlerKBS Ltd (Registered number: 12792628)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 114 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 1,367
At 31 December 2024 1,367
DEPRECIATION
Charge for year 23
At 31 December 2024 23
NET BOOK VALUE
At 31 December 2024 1,344

ChandlerKBS Ltd (Registered number: 12792628)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,695,362 -
Other debtors - 1
Amounts owed by group
undertakings 5,652,508 -
Prepayments 78,008 -
7,425,878 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,855 -
Tax 289,630 -
Social security and other taxes 362,749 -
VAT 472,088 -
Other creditors 60,919 -
Accrued expenses 137,824 -
1,326,065 -

7. SECURED DEBTS

Wilmington Trust, National Association holds a fixed and floating charge over the assets of the company.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Janice Alexander (Senior Statutory Auditor)
for and on behalf of Robb Ferguson

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Chartwell Parent Inc. which is registered in the US. Its registered office is c/o New Mountain Capital LLC, 1633 Broadway, 48th Floor, New York, NY 10019