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Company No: 12196191 (England and Wales)

# CHESTERS COMMERCIAL LIMITED (FORMERLY CHESTERS HARCOURT LIMITED)

### Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

CHESTERS COMMERCIAL LIMITED (FORMERLY CHESTERS HARCOURT LIMITED)

## Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

CHESTERS COMMERCIAL LIMITED (FORMERLY CHESTERS HARCOURT LIMITED)

## BALANCE SHEET

As at 31 December 2024
CHESTERS COMMERCIAL LIMITED (FORMERLY CHESTERS HARCOURT LIMITED)

## BALANCE SHEET (continued)

As at 31 December 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 14,986 |  | 17,437
|  | 14,986 |  | 17,437
Current assets |  |  |  |
Debtors | 4 | 234,114 |  | 192,925
Cash at bank and in hand |  | 310,778 |  | 226,829
|  | 544,892 |  | 419,754
Creditors: amounts falling due within one year | 5 | ( 271,217) |  | ( 258,955)
Net current assets |  | 273,675 |  | 160,799
Total assets less current liabilities |  | 288,661 |  | 178,236
Net assets |  | 288,661 |  | 178,236
Capital and reserves |  |  |  |
Called-up share capital | 6 | 200 |  | 200
Profit and loss account |  | 288,461 |  | 178,036
Total shareholders' funds |  | 288,661 |  | 178,236

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Chesters Commercial Limited (formerly Chesters Harcourt Limited) (registered number: 12196191) were approved and authorised for issue by the Board of Directors on 06 July 2025. They were signed on its behalf by:

J J Read Director |  | J T R Cann Director

CHESTERS COMMERCIAL LIMITED (FORMERLY CHESTERS HARCOURT LIMITED)

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
CHESTERS COMMERCIAL LIMITED (FORMERLY CHESTERS HARCOURT LIMITED)

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Chesters Commercial Limited (formerly Chesters Harcourt Limited) (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is First Floor Motivo House, Bluebell Road, Yeovil, BA20 2FG, United Kingdom. The principal place of business is Kingston House, Blackbrook Park Avenue, Taunton, TA1 2PX.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Revenue earned from acting as commercial property agents is recognised by reference to the stage of completion. Stage of completion is measured by reference to the proportion of the service carried out to date as a percentage of the total estimated service to be provided. Where this cannot be measured reliably, revenue is recognised only to the extent of the expenses recognised that are deemed recoverable.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings | 10 years straight line
Office equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 4 |  | 4

#### 3. Tangible assets

| Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 January 2024 | 21,264 |  | 973 |  | 22,237
At 31 December 2024 | 21,264 |  | 973 |  | 22,237
Accumulated depreciation |  |  |  |  |
At 01 January 2024 | 4,222 |  | 578 |  | 4,800
Charge for the financial year | 2,127 |  | 324 |  | 2,451
At 31 December 2024 | 6,349 |  | 902 |  | 7,251
Net book value |  |  |  |  |
At 31 December 2024 | 14,915 |  | 71 |  | 14,986
At 31 December 2023 | 17,042 |  | 395 |  | 17,437

#### 4. Debtors

| 2024 |  | 2023
| £ |  | £
Trade debtors | 204,005 |  | 189,108
Other debtors | 30,109 |  | 3,817
| 234,114 |  | 192,925

#### 5. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Trade creditors | 888 |  | 2,040
Corporation tax | 119,269 |  | 85,931
Other taxation and social security | 92,799 |  | 54,843
Other creditors | 58,261 |  | 116,141
| 271,217 |  | 258,955

#### 6. Called-up share capital

| 2024 |  | 2023
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 A ordinary shares of £ 1.00 each | 100 |  | 100
50 B ordinary shares of £ 1.00 each | 50 |  | 50
25 C ordinary shares of £ 1.00 each | 25 |  | 25
25 D ordinary shares of £ 1.00 each | 25 |  | 25
| 200 |  | 200

#### 7. Related party transactions

Transactions with the entity's directors

Advances

The joint directors' loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 per director at rates exceeding the official HMRC rates.
At 1 January 2024, the balance owed by the directors was £23. During the year, £187,536 was advanced to the directors, and £162,224 was repaid by the directors. At 31 December 2024, the balance owed by the directors was £25,335.
At 1 January 2023, the balance owed by the directors was £2,349. During the year, £213,357 was advanced to the directors, and £215,683 was repaid by the directors. At 31 December 2023, the balance owed by the directors was £23.