Company No: 12196191 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	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

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.