Checquers Enterprises Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01396680

Checquers Enterprises Limited

Filleted Unaudited Abridged Financial Statements

For the year ended

31 December 2024

Checquers Enterprises Limited

Abridged Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		21,248,489	20,268,964

Current assets

Debtors	39,805	–
Cash at bank and in hand	77,296	107,522
	----------	----------
	117,101	107,522

Creditors: amounts falling due within one year	329,189		440,901
	----------		----------
Net current liabilities		212,088	333,379
		--------------	--------------
Total assets less current liabilities		21,036,401	19,935,585

Creditors: amounts falling due after more than one year	6		1,804,592	1,364,190

Provisions

Taxation including deferred tax	2,931,598	2,931,598
	--------------	--------------
Net assets	16,300,211	15,639,797
	--------------	--------------

Capital and reserves

Called up share capital	1,000	1,000
Other reserves	8,758,188	8,758,188
Profit and loss account	7,541,023	6,880,609
	--------------	--------------
Shareholders funds	16,300,211	15,639,797
	--------------	--------------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

For the 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

Checquers Enterprises Limited

Abridged Statement of Financial Position (continued)

31 December 2024

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mr T C Reeves
Director

Company registration number: 01396680

Checquers Enterprises Limited

Notes to the Abridged Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 132 Burnt Ash Road, Lee, London, SE12 8PU.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements 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.

Revenue recognition

Turnover represents rents receivable during the year.

Income tax

Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered that a net liability may arise.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% straight line
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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. 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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).

5. Tangible assets

	£
Cost
At 1 January 2024	20,704,557
Additions	1,064,347
Disposals	( 36,246)
	--------------
At 31 December 2024	21,732,658
	--------------
Depreciation
At 1 January 2024	435,593
Charge for the year	48,576
	--------------
At 31 December 2024	484,169
	--------------
Carrying amount
At 31 December 2024	21,248,489
	--------------
At 31 December 2023	20,268,964
	--------------

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	£
At 31 December 2024
Aggregate cost	10,042,870
Aggregate depreciation	(484,169)
	--------------
Carrying value	9,558,701
	--------------

At 31 December 2023
Aggregate cost	9,126,465
Aggregate depreciation	(435,593)
	-------------
Carrying value	8,690,872
	-------------

6. Creditors: amounts falling due after more than one year

Included within creditors: amounts falling due after more than one year is an amount of £463,956 (2023: £500,712) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

All loans are bank loans agreed on a repayment basis at approximately 5% interest.

7. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr T C Reeves	( 331,917)	( 472,008)	( 803,925)
	----------	----------	----------

	2023
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr T C Reeves	( 118,288)	( 213,629)	( 331,917)
	----------	----------	----------

8. Related party transactions

Included in other creditors amounts falling due after more than one year is an amount of £ 803,925 (2023:£331,917) owing to a director. Also included in other creditors amounts falling due after more than one year is an amount of £297,789 (2023:£297,789) being interest accrued but not paid in respect of the director's loan account. Various properties held by the company within 'Freehold Property' are registered in the name of a Company Director, T.C.Reeves . Trust documents are retained by the Company's Solicitors, stating that these properties are held by the Director in Trust for the Company. The Company Solicitors have stated that these documents are sufficient to class these properties as owned by the Company. During the year dividends of £6,018 (2023:£6,018) were paid to the director. Mr T Reeves (Director) has given personal guarantees regarding the company loans.