REGISTERED NUMBER: 02463600 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Chimera Agencies Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A G Stephenson

REGISTERED OFFICE:

18 Oak Industrial Park

Dunmow

Essex

CM6 1XN

REGISTERED NUMBER:

02463600 (England and Wales)

AUDITORS:

Nordens Audit Limited

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Tangible assets

4

748,500

739,058

Investments

5

886,272

273,091

1,634,772

1,012,149

CURRENT ASSETS

Debtors

6

520,125

525,147

Cash at bank and in hand

4,337,323

5,037,058

4,857,448

5,562,205

CREDITORS

Amounts falling due within one year

7

432,081

612,131

NET CURRENT ASSETS

4,425,367

4,950,074

TOTAL ASSETS LESS CURRENT LIABILITIES

6,060,139

5,962,223

PROVISIONS FOR LIABILITIES

8

9,050

5,453

NET ASSETS

6,051,089

5,956,770

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

6,051,087

5,956,768

6,051,089

5,956,770

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Mr A G Stephenson - Director

1.	STATUTORY INFORMATION

Chimera Agencies 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.

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 as modified by the revaluation of certain assets.

Turnover

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

Turnover from the use of services is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on the date of shipping); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Financial instruments

Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Trade debtors and creditors are classed as basic financial instruments and are initially measured at transaction price.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and short-term deposits with an original maturity date of three months or less.

Loans and borrowings are classified as basic financial instruments and are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument, unless exempt from such treatment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 7 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

709,568

21,888

38,537

81,913

851,906

Additions

1,300

82

14,701

-

16,083

At 31 December 2024

710,868

21,970

53,238

81,913

867,989

DEPRECIATION

At 1 January 2024

-

8,531

32,726

71,591

112,848

Charge for year

-

2,016

3,077

1,548

6,641

At 31 December 2024

-

10,547

35,803

73,139

119,489

NET BOOK VALUE

At 31 December 2024

710,868

11,423

17,435

8,774

748,500

At 31 December 2023

709,568

13,357

5,811

10,322

739,058

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

273,091

Additions

605,295

Revaluations

7,886

At 31 December 2024

886,272

NET BOOK VALUE

At 31 December 2024

886,272

At 31 December 2023

273,091

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2024

886,272

6.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

338,640

340,847

Other debtors

181,485

103,050

520,125

443,897

Amounts falling due after more than one year:

Other debtors

-

81,250

Aggregate amounts

520,125

525,147

The Other Debtors balance includes an S455 tax refund amounting to £89,090.07, received in 2025.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

383,844

578,913

Taxation and social security

30,407

3,458

Other creditors

17,830

29,760

432,081

612,131

8.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

9,050

5,453

Deferred

tax

£

Balance at 1 January 2024

5,453

Provided during year

3,597

Balance at 31 December 2024

9,050

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lorraine Curtis ACA BFP FCCA (Senior Statutory Auditor)

for and on behalf of Nordens Audit Limited

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A G Stephenson.