REGISTERED NUMBER: 09949528 (England and Wales)

CHATTERTONS PROFESSIONAL SERVICES

LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

E F Conway

R R Ludlow

REGISTERED OFFICE:

5 South Street

Horncastle

Lincolnshire

LN9 6DS

REGISTERED NUMBER:

09949528 (England and Wales)

SENIOR STATUTORY AUDITOR:

Tara Bellamy FCA

AUDITORS:

Duncan & Toplis Audit Limited, Statutory Auditor

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Intangible assets

4

210,000

350,000

Tangible assets

5

2,217,540

1,524,096

2,427,540

1,874,096

CURRENT ASSETS

Debtors

6

793,635

678,433

CREDITORS

Amounts falling due within one year

7

2,243,955

1,286,638

NET CURRENT LIABILITIES

(1,450,320

)

(608,205

)

TOTAL ASSETS LESS CURRENT LIABILITIES

977,220

1,265,891

CREDITORS

Amounts falling due after more than one year

8

(89,000

)

(363,037

)

PROVISIONS FOR LIABILITIES

(16,556

)

(16,556

)

NET ASSETS

871,664

886,298

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

871,663

886,297

SHAREHOLDERS' FUNDS

871,664

886,298

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 13 January 2026 and were signed on its behalf by:

R R Ludlow - Director

1.	STATUTORY INFORMATION

Chattertons Professional Services 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

Turnover and other income

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Management charge

Management charge income is recognised on an arm's length basis.

Interest

Interest income is recognised using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

1,400,000

AMORTISATION

At 1 May 2024

1,050,000

Charge for year

140,000

At 30 April 2025

1,190,000

NET BOOK VALUE

At 30 April 2025

210,000

At 30 April 2024

350,000

5.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 May 2024

1,769,342

Additions

728,834

At 30 April 2025

2,498,176

DEPRECIATION

At 1 May 2024

245,246

Charge for year

35,390

At 30 April 2025

280,636

NET BOOK VALUE

At 30 April 2025

2,217,540

At 30 April 2024

1,524,096

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

788,000

662,000

Other debtors

5,635

16,433

793,635

678,433

Amounts owed by group undertakings that are due within one year are unsecured, repayable on demand and interest free.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

1,927,948

1,056,001

Taxation and social security

62,373

63,700

Other creditors

253,634

166,937

2,243,955

1,286,638

Amounts owed to group undertakings that are due within one year are unsecured, repayable on demand and interest free.

Interest on directors' account balances is awarded at 5% above the Bank of England base rate.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

89,000

363,037

Interest on directors' account balances is awarded at 5% above the Bank of England base rate.

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2024

2023

value

£

£

1

Ordinary

£1

1

1

1

1

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

The Report of the Auditors was unqualified.

Tara Bellamy FCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

11.	CAPITAL COMMITMENTS

2025

2024

£

£

Contracted but not provided for in the

financial statements

62,283

99,000

12.	POST BALANCE SHEET EVENTS

Chattertons Group Holdings Limited became the controlling party of Chattertons Group Limited on 29 May 2025. Richard Ludlow became the ultimate controlling party as of this date.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Chattertons Group Limited.

The ultimate controlling party is the shareholders.