REGISTERED NUMBER: 07822495 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Chapman Management Services Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs A J Chapman

REGISTERED OFFICE:

Unit B, 6400 Severn Drive

Tewkesbury Business Park

Tewkesbury

Gloucestershire

GL20 8SF

REGISTERED NUMBER:

07822495 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

Santander UK Plc

Bridle Road

Bootle

Merseyside

L30 4GB

FIXED ASSETS

Tangible assets

4

12,954

18,153

Investment property

5

1,883,952

1,833,952

1,896,906

1,852,105

CURRENT ASSETS

Debtors

6

58,620

202,548

Cash at bank

35,029

362,281

93,649

564,829

CREDITORS

Amounts falling due within one year

7

237,870

723,380

NET CURRENT LIABILITIES

(144,221

)

(158,551

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,752,685

1,693,554

CREDITORS

Amounts falling due after more than one year

8

(486,615

)

(519,625

)

PROVISIONS FOR LIABILITIES

(29,748

)

(18,367

)

NET ASSETS

1,236,322

1,155,562

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

87,341

49,841

Retained earnings

1,148,980

1,105,720

SHAREHOLDERS' FUNDS

1,236,322

1,155,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 September 2025 and were signed by:

Mrs A J Chapman - Director

1.	STATUTORY INFORMATION

Chapman Management Services Ltd 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.

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

-

33% on reducing balance

Fixtures and fittings

-

50% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Going concern

Despite net current liabilities of £144,221 at 31 March 2025 (£158,551 : 2024), the accounts have been prepared on a going concern basis. The director has reviewed future cash flows and expressed her willingness to financially support the company for the foreseeable future and therefore considers it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 April 2024

21,577

1,599

11,850

35,026

Additions

-

334

-

334

Disposals

(1,459

)

-

-

(1,459

)

At 31 March 2025

20,118

1,933

11,850

33,901

Depreciation

At 1 April 2024

12,503

1,407

2,963

16,873

Charge for year

2,967

263

2,221

5,451

Eliminated on disposal

(1,377

)

-

-

(1,377

)

At 31 March 2025

14,093

1,670

5,184

20,947

Net book value

At 31 March 2025

6,025

263

6,666

12,954

At 31 March 2024

9,074

192

8,887

18,153

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2024

1,833,952

Revaluations

50,000

At 31 March 2025

1,883,952

Net book value

At 31 March 2025

1,883,952

At 31 March 2024

1,833,952

If investment property had not been revalued it would have been included at the historical cost of £1,767,498 (2024 - £1,162,924)

The director having reviewed the local property market has valued investment properties at 31 March 2025.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Other debtors

58,620

202,548

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

76,200

76,200

Amounts owed to group undertakings

1

1

Taxation and social security

152,161

145,729

Other creditors

9,508

501,450

237,870

723,380

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

486,615

519,625

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Bank loans

562,815

595,825

Santander UK Plc has registered a fixed charge against the investment properties along with a further debenture registering a fixed and floating charge over the remaining company assets.

The company director, Mrs A J Chapman, has provided a personal guarantee to Santander UK Plc for £50,000.

10.	RELATED PARTY DISCLOSURES

Medical Graphics UK Ltd

A company controlled by the director Mrs A J Chapman

During the year, management fees totalling £651,035 (2024 - £541,062) were charged to Medical Graphics UK Ltd.

Medical Graphics UK Ltd rents a property owned by Chapman Management Services Ltd. Rent and service charges of £60,000 (2024 - £55,000) were received during the year.

At 31 March 2025, Medical Graphics UK Ltd owed the company £6,000 (2024 - £NIL).

Chapman Management Holdings Limited

Parent company

At 31 March 2025, Chapman Management Services Ltd owed the company £1 (2024 - £1). The balance is interest free and has no fixed repayment terms.

A Chapman

Director

During the year, a loan to the director was made. As at 31 March 2025, £51,507 was owed to the Company. (£498,784 owed to the Director on 31 March 2024). The loan was repaid in full after the year end.

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Chapman Management Holdings Limited, a company registered in England and Wales. The company is controlled by Mrs A J Chapman, director of Chapman Management Services Ltd. Chapman Management Holdings Limited, which shares the same registered office as Chapman Management Services Ltd, has taken the option under Section 399(2A) of the Companies Act 2006 not to prepare consolidated financial statements.