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Company registration number: 04891726







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


CHANDLERS INDEPENDENT ESTATE AGENTS LIMITED






































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CHANDLERS INDEPENDENT ESTATE AGENTS LIMITED
 


 
COMPANY INFORMATION


Directors
D J Murray (appointed 1 July 2024)
L S Murray (appointed 1 July 2024)
B N South (resigned 1 July 2024)
J E South (resigned 1 July 2024)




Registered number
04891726



Registered office
Richmond House
Walkern Road

Stevenage

SG1 3QP




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

SG1 3QP





 


CHANDLERS INDEPENDENT ESTATE AGENTS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 


CHANDLERS INDEPENDENT ESTATE AGENTS LIMITED
REGISTERED NUMBER:04891726



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
9,582
32,409

  
9,582
32,409

Current assets
  

Debtors: amounts falling due within one year
 6 
152,287
164,804

Cash at bank and in hand
  
30,900
259,397

  
183,187
424,201

Creditors: amounts falling due within one year
 7 
(94,342)
(63,640)

Net current assets
  
 
 
88,845
 
 
360,561

Total assets less current liabilities
  
98,427
392,970

  

Net assets
  
98,427
392,970


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
97,427
391,970

  
98,427
392,970


Page 1

 


CHANDLERS INDEPENDENT ESTATE AGENTS LIMITED
REGISTERED NUMBER:04891726


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




___________________________
D J Murray
Director

Date: 14 May 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


CHANDLERS INDEPENDENT ESTATE AGENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Chandlers Independent Estate Agents 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


CHANDLERS INDEPENDENT ESTATE AGENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 


CHANDLERS INDEPENDENT ESTATE AGENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as detailed below.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Not depreciated
Plant and machinery
-
25% on cost
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
15% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 8).

Page 5

 


CHANDLERS INDEPENDENT ESTATE AGENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2024
324,879



At 31 December 2024

324,879



Amortisation


At 1 January 2024
324,879



At 31 December 2024

324,879



Net book value



At 31 December 2024
-



At 31 December 2023
-



Page 6

 


CHANDLERS INDEPENDENT ESTATE AGENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
441
70,951
61,802
27,176
160,370


Additions
-
3,386
-
-
3,386


Disposals
-
-
(50,535)
-
(50,535)



At 31 December 2024

441
74,337
11,267
27,176
113,221



Depreciation


At 1 January 2024
-
70,951
37,588
19,422
127,961


Charge for the year on owned assets
-
358
6,316
1,641
8,315


Disposals
-
-
(32,637)
-
(32,637)



At 31 December 2024

-
71,309
11,267
21,063
103,639



Net book value



At 31 December 2024
441
3,028
-
6,113
9,582



At 31 December 2023
441
-
24,214
7,754
32,409


6.


Debtors

2024
2023
£
£


Trade debtors
65,265
63,476

Amounts owed by group undertakings
86,062
-

Amounts owed by connected undertakings
-
101,328

Other debtors
960
-

152,287
164,804


Page 7

 


CHANDLERS INDEPENDENT ESTATE AGENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
11,362
7,195

Corporation tax
43,779
17,217

Other taxation and social security
20,125
20,152

Other creditors
16,076
16,076

Accruals and deferred income
3,000
3,000

94,342
63,640



8.


Related party transactions

At the balance sheet date the company owed £nil (2023: £16,076) to the directors. The balance can be found within creditors due within one year and no interest is being charged on this loan.
At the reporting date the company was owed £nil (2023: £101,328) from companies under common control. The balance can be found within debtors.

 
Page 8