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REGISTERED NUMBER: 03807962 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

CHANTRY SECURITIES LIMITED

CHANTRY SECURITIES LIMITED (REGISTERED NUMBER: 03807962)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHANTRY SECURITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: J I Doble
M Wilson





REGISTERED OFFICE: Suite 6, Marvan Court
1 Waldegrave Road
Teddington
Middlesex
TW11 8LZ





REGISTERED NUMBER: 03807962 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

CHANTRY SECURITIES LIMITED (REGISTERED NUMBER: 03807962)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,902,920 2,907,216
Investments 5 185,018 185,018
3,087,938 3,092,234

CURRENT ASSETS
Stocks 51,900,615 49,228,319
Debtors 6 523,194 563,829
Cash at bank 830,700 1,071,452
53,254,509 50,863,600
CREDITORS
Amounts falling due within one year 7 55,823,760 49,796,750
NET CURRENT (LIABILITIES)/ASSETS (2,569,251 ) 1,066,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

518,687

4,159,084

CREDITORS
Amounts falling due after more than one
year

8

-

3,505,000
NET ASSETS 518,687 654,084

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 518,686 654,083
SHAREHOLDERS' FUNDS 518,687 654,084

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

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

CHANTRY SECURITIES LIMITED (REGISTERED NUMBER: 03807962)

BALANCE SHEET - continued
30 SEPTEMBER 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 20 May 2025 and were signed on its behalf by:





J I Doble - Director


CHANTRY SECURITIES LIMITED (REGISTERED NUMBER: 03807962)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Chantry Securities 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.

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 represents rental income received, excluding Value Added Tax.

Rental income is recognised in the period it relates to.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 33.33% on cost and 25% on cost

The freehold property included within land and buildings is not depreciated as the carrying value of the property is not materially different from the market value of the property. This is a departure from the Companies Act 2006 which requires buildings to be depreciated over their useful economic lives. The directors consider that depreciation is not appropriate and the accounting policy adopted is necessary for the accounts to show a true and fair view.

Stocks
Stock consists of property unsold at the year end.

Stock is valued at the lower of cost of the property and the estimated sales value of the property.

Cost includes all direct expenditure relating to the purchase of a property including transaction costs.

Taxation
Taxation for the year comprises current 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 tax 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.

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.

Fixed asset investments
Investments are initially recognised at cost and subsequently stated at cost less any accumulated impairment losses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

CHANTRY SECURITIES LIMITED (REGISTERED NUMBER: 03807962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 2,886,106 55,341 2,941,447
Additions - 1,507 1,507
At 30 September 2024 2,886,106 56,848 2,942,954
DEPRECIATION
At 1 October 2023 - 34,231 34,231
Charge for year - 5,803 5,803
At 30 September 2024 - 40,034 40,034
NET BOOK VALUE
At 30 September 2024 2,886,106 16,814 2,902,920
At 30 September 2023 2,886,106 21,110 2,907,216

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 185,018
NET BOOK VALUE
At 30 September 2024 185,018
At 30 September 2023 185,018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 370,142 396,581
Other debtors 153,052 167,248
523,194 563,829

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 3,505,000 180,000
Trade creditors 11,026 55,257
Taxation and social security 242,007 149,167
Other creditors 52,065,727 49,412,326
55,823,760 49,796,750

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans - 3,505,000

CHANTRY SECURITIES LIMITED (REGISTERED NUMBER: 03807962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 3,505,000 3,685,000

The company's bankers hold a charge over the freehold property held in the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1 Ordinary £1 1 1

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Director
Balance outstanding at start of year (44,633,535 ) (23,499,532 )
Amounts advanced 2,850,905 1,708,971
Amounts repaid (6,875,557 ) (22,842,974 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (48,658,187 ) (44,633,535 )

The director charged the company interest of £2,509,432 (2023 - £1,531,350) during the year.

12. PARENT COMPANY

The immediate and ultimate parent company is Chantry Securities Holding Company Limited, a company registered in England and Wales.