REGISTERED NUMBER: 01791187

Unaudited Financial Statements for the Year Ended 31 March 2025

for

CHESTERQUOTE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Schiffer

Mrs E Schiffer

SECRETARY:

Mrs E Schiffer

REGISTERED OFFICE:

4 Quex Road

London

NW6 4PJ

REGISTERED NUMBER:

01791187

ACCOUNTANTS:

Purcells, Chartered Accountants

4 Quex Road

London

NW6 4PJ

FIXED ASSETS

Tangible assets

3

1,130,800

1,330,800

CURRENT ASSETS

Cash at bank

18,810

42,544

CREDITORS

Amounts falling due within one year

4

177,261

166,361

NET CURRENT LIABILITIES

(158,451

)

(123,817

)

TOTAL ASSETS LESS CURRENT LIABILITIES

972,349

1,206,983

CREDITORS

Amounts falling due after more than one year

5

81,850

139,738

NET ASSETS

890,499

1,067,245

CAPITAL AND RESERVES

Called up share capital

6

100

100

Non distributable reserve

7

415,107

615,107

Capital Reserve

118,059

118,059

Retained earnings

357,233

333,979

SHAREHOLDERS' FUNDS

890,499

1,067,245

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

R Schiffer - Director

Mrs E Schiffer - Director

1.	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 represents income from investment properties in the United Kingdom.

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 taxation

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.

Investment property

Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Disposal of investment properties

The surplus or deficit over the revalued amount of investment properties will be disclosed in the profit and loss account in the year of sale. The previously unrealised difference between historical cost and the revaluation figure is disclosed in note 5 to the financial statements (fixed assets).

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

3.	TANGIBLE FIXED ASSETS

Investment

properties

£

COST OR VALUATION

At 1 April 2024

1,330,800

Revaluation adjustment

(200,000

)

At 31 March 2025

1,130,800

NET BOOK VALUE

At 31 March 2025

1,130,800

At 31 March 2024

1,330,800

Investment properties

Non distributable reserve adjustment at 31.3.2025

451,807

Cost

678,993

Fair value at 31.3.2025

1,130,800

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Directors' current account

43,686

47,006

Corporation tax

43,492

48,406

Deferred tax

36,700

36,700

Other creditors and

accrued charges

53,383

34,249

177,261

166,361

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loan (secured)

53,577

74,174

Building society loan

(secured)

28,273

65,564

81,850

139,738

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

7.

RESERVES

Non distributable reserve

Deferred tax

Total non distributable reserve

£

£

£

Balance at 1 April 2024

651,807

(74,700

)

577,107

Deferred tax provision

(200,000

)

38,000

(162,000

)

Balance at 31 March 2025

451,807

(36,700

)

415,107

Retained earnings:

31.3.25

31.3.24

£

£

Balance at 1 April 2024/ 1 April 2023

333,979

283,323

Net Profit

39,254

70,656

Dividends

(16,000

)

(20,000

)

Balance at 31 March 2025/ 31 March 2024

357,233

333,979

8.	CONTROLLING PARTIES

The company is controlled by Mr. R. Schiffer and Mrs. E. Schiffer who own the majority of the issued shares.