Chiefer & Co Limited 11145131 false 2024-05-12 2025-05-11 2025-05-11 The principal activity of the company is a leaseholder. Digita Accounts Production Advanced 6.30.9574.0 true true 11145131 2024-05-12 2025-05-11 11145131 2025-05-11 11145131 bus:OrdinaryShareClass1 2025-05-11 11145131 core:CurrentFinancialInstruments 2025-05-11 11145131 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-11 11145131 core:FurnitureFittingsToolsEquipment 2025-05-11 11145131 core:LandBuildings 2025-05-11 11145131 bus:SmallEntities 2024-05-12 2025-05-11 11145131 bus:AuditExemptWithAccountantsReport 2024-05-12 2025-05-11 11145131 bus:FilletedAccounts 2024-05-12 2025-05-11 11145131 bus:SmallCompaniesRegimeForAccounts 2024-05-12 2025-05-11 11145131 bus:RegisteredOffice 2024-05-12 2025-05-11 11145131 bus:Director1 2024-05-12 2025-05-11 11145131 bus:Director2 2024-05-12 2025-05-11 11145131 bus:OrdinaryShareClass1 2024-05-12 2025-05-11 11145131 bus:PrivateLimitedCompanyLtd 2024-05-12 2025-05-11 11145131 core:FurnitureFittings 2024-05-12 2025-05-11 11145131 core:LandBuildings 2024-05-12 2025-05-11 11145131 core:OfficeEquipment 2024-05-12 2025-05-11 11145131 countries:England 2024-05-12 2025-05-11 11145131 2024-05-11 11145131 core:FurnitureFittingsToolsEquipment 2024-05-11 11145131 core:LandBuildings 2024-05-11 11145131 2023-05-12 2024-05-11 11145131 2024-05-11 11145131 bus:OrdinaryShareClass1 2024-05-11 11145131 core:CurrentFinancialInstruments 2024-05-11 11145131 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-11 11145131 core:FurnitureFittingsToolsEquipment 2024-05-11 11145131 core:LandBuildings 2024-05-11 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11145131

Chiefer & Co Limited
Unaudited Filleted Financial Statements
for the Year Ended 11 May 2025

Chiefer & Co Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

Chiefer & Co Limited

Company Information

Directors | Mr K A A Appiah Mr J J J Hadley

Registered office | 20 Wenlock Road London N1 7GU

Chiefer & Co Limited

(Registration number: 11145131)
Balance Sheet as at 11 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,056,500 | 1,056,500
Current assets |  |  |
Debtors | 5 | 80,000 | 80,000
Cash at bank and in hand |  | 14 | 14
|  | 80,014 | 80,014
Creditors: Amounts falling due within one year | 6 | (1,296,554) | (1,296,554)
Net current liabilities |  | (1,216,540) | (1,216,540)
Net liabilities |  | (160,040) | (160,040)
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | (160,140) | (160,140)
Shareholders' deficit |  | (160,040) | (160,040)

For the financial year ending 11 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 February 2026 and signed on its behalf by:

Chiefer & Co Limited

(Registration number: 11145131)
Balance Sheet as at 11 May 2025

......................................... Mr K A A Appiah Director
......................................... Mr J J J Hadley Director

Chiefer & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 11 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
20 Wenlock Road
London
N1 7GU

These financial statements were authorised for issue by the Board on 9 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.
The company was placed into Administration on 12 May 2023.
The Administration ended on 2 September 2024.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Chiefer & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 11 May 2025

Asset class | Depreciation method and rate
Leasehold property | 10 years
Fixtures and fittings | 25% reducing balance
Office equipment | 33.33% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Chiefer & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 11 May 2025

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 12 May 2024 | 903,541 | 152,959 | 1,056,500
At 11 May 2025 | 903,541 | 152,959 | 1,056,500
Depreciation
Carrying amount
At 11 May 2025 | 903,541 | 152,959 | 1,056,500
At 11 May 2024 | 903,541 | 152,959 | 1,056,500

Included within the net book value of land and buildings above is £903,541 (2024 - £903,541) in respect of short leasehold land and buildings.

5 | Debtors

| 2025 £ | 2024 £
Other debtors | 80,000 | 80,000
| 80,000 | 80,000

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 9,022 | 9,022
Accruals and deferred income | 2,400 | 2,400
Other creditors | 1,285,132 | 1,285,132
| 1,296,554 | 1,296,554

Creditors include loans from a director which are secured of £1,268,615 (2024 - £1,268,615).

Chiefer & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 11 May 2025

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100