IRIS Accounts Production v25.1.4.42 11872208 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Fair value model Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118722082023-12-31118722082024-12-31118722082024-01-012024-12-31118722082022-12-31118722082023-01-012023-12-31118722082023-12-3111872208ns15:EnglandWales2024-01-012024-12-3111872208ns14:PoundSterling2024-01-012024-12-3111872208ns10:Director12024-01-012024-12-3111872208ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3111872208ns10:SmallEntities2024-01-012024-12-3111872208ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3111872208ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3111872208ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3111872208ns10:FullAccounts2024-01-012024-12-3111872208ns10:OrdinaryShareClass12024-01-012024-12-3111872208ns10:OrdinaryShareClass22024-01-012024-12-3111872208ns5:CurrentFinancialInstruments2024-12-3111872208ns5:CurrentFinancialInstruments2023-12-3111872208ns5:Non-currentFinancialInstruments2024-12-3111872208ns5:Non-currentFinancialInstruments2023-12-3111872208ns5:ShareCapital2024-12-3111872208ns5:ShareCapital2023-12-3111872208ns5:RetainedEarningsAccumulatedLosses2024-12-3111872208ns5:RetainedEarningsAccumulatedLosses2023-12-3111872208ns10:RegisteredOffice2024-01-012024-12-311187220812024-01-012024-12-3111872208ns5:FurnitureFittings2024-01-012024-12-3111872208ns5:FurnitureFittings2023-12-3111872208ns5:MotorVehicles2023-12-3111872208ns5:ComputerEquipment2023-12-3111872208ns5:MotorVehicles2024-01-012024-12-3111872208ns5:ComputerEquipment2024-01-012024-12-3111872208ns5:FurnitureFittings2024-12-3111872208ns5:MotorVehicles2024-12-3111872208ns5:ComputerEquipment2024-12-3111872208ns5:FurnitureFittings2023-12-3111872208ns5:MotorVehicles2023-12-3111872208ns5:ComputerEquipment2023-12-3111872208ns5:CostValuation2023-12-3111872208ns5:DisposalsRepaymentsInvestments2024-12-3111872208ns5:CostValuation2024-12-3111872208ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3111872208ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3111872208ns5:Secured2024-12-3111872208ns5:Secured2023-12-3111872208ns10:OrdinaryShareClass12024-12-3111872208ns10:OrdinaryShareClass22024-12-31
REGISTERED NUMBER: 11872208 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Chenery Taylor Management Company Ltd

Chenery Taylor Management Company Ltd (Registered number: 11872208)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


Chenery Taylor Management Company Ltd (Registered number: 11872208)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £ £
Fixed assets
Tangible assets 5 65,344 19,908
Investments 6 500 90,500
Investment property 7 1,568,997 1,153,232
1,634,841 1,263,640

Current assets
Debtors 8 141,695 27,077
Cash at bank 27,755 441
169,450 27,518
Creditors
Amounts falling due within one year 9 (385,744 ) (151,222 )
Net current liabilities (216,294 ) (123,704 )
Total assets less current liabilities 1,418,547 1,139,936

Creditors
Amounts falling due after more than one
year

10

(575,385

)

(412,077

)

Provisions for liabilities (16,336 ) (4,977 )
Net assets 826,826 722,882

Capital and reserves
Called up share capital 12 405 405
Retained earnings 13 826,421 722,477
Shareholders' funds 826,826 722,882

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.

Chenery Taylor Management Company Ltd (Registered number: 11872208)

Balance Sheet - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





Mr J A Taylor - Director


Chenery Taylor Management Company Ltd (Registered number: 11872208)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. Statutory information

Chenery Taylor Management Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11872208

Registered office: Archdale Barn
14 Back Lane
West Winch
Kings Lynn
Norfolk
PE33 0LF

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements in conformity with IFRS requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Given the straightforward operations and financial position of the company, there are not considered to be any key sources of judgement or estimation uncertainty within these financial statements.

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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% p.a. reducing balance

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Chenery Taylor Management Company Ltd (Registered number: 11872208)

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


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.


Chenery Taylor Management Company Ltd (Registered number: 11872208)

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


3. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

4. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

5. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
Cost
At 1 January 2024 22,637 - - 22,637
Additions 961 52,000 3,399 56,360
At 31 December 2024 23,598 52,000 3,399 78,997
Depreciation
At 1 January 2024 2,729 - - 2,729
Charge for year 4,141 6,500 283 10,924
At 31 December 2024 6,870 6,500 283 13,653
Net book value
At 31 December 2024 16,728 45,500 3,116 65,344
At 31 December 2023 19,908 - - 19,908

Chenery Taylor Management Company Ltd (Registered number: 11872208)

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


6. Fixed asset investments

31.12.24 31.12.23
£ £
Shares in group undertakings 500 500
Loans to group undertakings - 90,000
500 90,500

Additional information is as follows:
Shares in
group
undertakings
£
Cost
At 1 January 2024
and 31 December 2024 500
Net book value
At 31 December 2024 500
At 31 December 2023 500
Loans to
group
undertakings
£
At 1 January 2024 90,000
Repayment in year (90,000 )
At 31 December 2024 -

7. Investment property
Total
£
Fair value
At 1 January 2024 1,153,232
Additions 415,765
At 31 December 2024 1,568,997
Net book value
At 31 December 2024 1,568,997
At 31 December 2023 1,153,232

The freehold investment property was valued in December 2023 by the directors based upon the market prices at that time taking into account existing tenancies (where this has an effect upon the value of the property).

Chenery Taylor Management Company Ltd (Registered number: 11872208)

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


8. Debtors
31.12.24 31.12.23
£ £
Amounts falling due within one year:
Trade debtors 9,600 21,600
Other debtors 7,095 5,477
16,695 27,077

Amounts falling due after more than one year:
Amounts owed by group undertakings 125,000 -

Aggregate amounts 141,695 27,077

9. Creditors: amounts falling due within one year
31.12.24 31.12.23
£ £
Bank loans and overdrafts 21,304 46,737
Hire purchase contracts 10,986 -
Trade creditors 32,317 52,097
Taxation and social security 19,188 50,520
Other creditors 301,949 1,868
385,744 151,222

10. Creditors: amounts falling due after more than one year
31.12.24 31.12.23
£ £
Bank loans 441,296 412,077
Hire purchase contracts 34,089 -
Amounts owed to group undertakings 100,000 -
575,385 412,077

11. Secured debts

The following secured debts are included within creditors:

31.12.24 31.12.23
£ £
Bank loans 462,600 458,814

Security has been provided by the company in respect of bank loans that it has entered into by way of a debenture which pledges a fixed charge and floating charge as security, covering the land and buildings held in the company; however incurred, whether now or in the future.

Chenery Taylor Management Company Ltd (Registered number: 11872208)

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


12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £ £
400 Ordinary A £1 400 400
5 Ordinary B £1 5 5
405 405

13. Reserves

Profit and loss account - This reserve records distributable retained earnings and accumulated losses.