REGISTERED NUMBER: 01803215 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHANCERY FOOTWEAR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C S Woodford

Mr A C Woodford

REGISTERED OFFICE:

86 Bunting Road

Kingsthorpe

Northamptonshire

NN2 6EE

REGISTERED NUMBER:

01803215 (England and Wales)

ACCOUNTANTS:

Ad Valorem Accountancy Services Limited

Chartered Certified Accountants

2 Manor Farm Court

Old Wolverton Road

Old Wolverton

Buckinghamshire

MK12 5NN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

73,670

86,637

73,670

86,637

CURRENT ASSETS

Stocks

5,000

5,000

Debtors

6

208,614

167,079

Cash at bank

57,408

76,832

271,022

248,911

CREDITORS

Amounts falling due within one year

7

76,196

97,461

NET CURRENT ASSETS

194,826

151,450

TOTAL ASSETS LESS CURRENT LIABILITIES

268,496

238,087

CAPITAL AND RESERVES

Called up share capital

8

1,004

1,004

Retained earnings

267,492

237,083

SHAREHOLDERS' FUNDS

268,496

238,087

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.

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 September 2025 and were signed on its behalf by:

Mr A C Woodford - Director

1.	STATUTORY INFORMATION

Chancery Footwear 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

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.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Development costs are being amortised evenly over their estimated useful life of ten years.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

10% on cost

Fixtures and fittings

-

20% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

Taxation for the year comprises current 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 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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Patents and

Development

licences

costs

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

14,844

15,000

29,844

AMORTISATION

At 1 January 2024

and 31 December 2024

14,844

15,000

29,844

NET BOOK VALUE

At 31 December 2024

-

-

-

At 31 December 2023

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

leasehold

fittings

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

109,005

65,680

174,685

DEPRECIATION

At 1 January 2024

32,702

55,346

88,048

Charge for year

10,900

2,067

12,967

At 31 December 2024

43,602

57,413

101,015

NET BOOK VALUE

At 31 December 2024

65,403

8,267

73,670

At 31 December 2023

76,303

10,334

86,637

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

125,207

89,955

Amounts owed by associates

81,275

75,331

Prepayments

2,132

1,793

208,614

167,079

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

13,216

17,193

Tax

9,125

-

Social security and other taxes

5,455

7,823

VAT

41,898

36,206

Other creditors

3,002

29,998

Pensions payable

2,136

2,676

Directors' current accounts

365

3,565

Accruals and deferred income

999

-

76,196

97,461

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,004

Ordinary

1

1,004

1,004

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £75,331 (2023: £331.20) by Crown Northampton Limited, and £5,943.60 (2023: £75,000) by E Woodford Shoe Academy Limited, both companies under common control.