Company registration number 10469956 (England and Wales)
CHANEY & CHANEY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
CHANEY & CHANEY LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
CHANEY & CHANEY LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CHANEY & CHANEY LIMITED FOR THE YEAR ENDED 30 NOVEMBER 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chaney & Chaney Limited for the year ended 30 November 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Chaney & Chaney Limited, as a body, in accordance with the terms of our engagement letter dated 1 September 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Chaney & Chaney Limited and state those matters that we have agreed to state to the b oard of d irectors of Chaney & Chaney Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chaney & Chaney Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Chaney & Chaney Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Chaney & Chaney Limited. You consider that Chaney & Chaney Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chaney & Chaney Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Carpenter Box
20 February 2026
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
CHANEY & CHANEY LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
767,566
784,710
Current assets
Debtors
4
1,362
-
0
Cash at bank and in hand
2,049
8,649
3,411
8,649
Creditors: amounts falling due within one year
5
(569,160)
(532,687)
Net current liabilities
(565,749)
(524,038)
Total assets less current liabilities
201,817
260,672
Creditors: amounts falling due after more than one year
6
(164,797)
(179,380)
Provisions for liabilities
(23,301)
-
0
Net assets
13,719
81,292
Capital and reserves
Called up share capital
100
100
Revaluation reserve
7
86,687
115,583
Profit and loss reserves
(73,068)
(34,391)
Total equity
13,719
81,292

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

CHANEY & CHANEY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2025
30 November 2025
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 20 February 2026 and are signed on its behalf by:
Mrs C Chaney
Mr S C Chaney
Director
Director
Company registration number 10469956 (England and Wales)
CHANEY & CHANEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 4 -
1
Accounting policies
Company information

Chaney & Chaney Limited is a private company limited by shares incorporated in England and Wales. The registered office is Amelia House, Crescent Road, Worthing, West Sussex, BN11 1RL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold and leasehold properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the year end the company had net current liabilities. The company has the continued support of the company's bankers and also the company's directors who will not draw down their loan in preference to third party creditors. Therefore, a true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration receivable for rent on an accruals basis.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% per annum on a straight line basis
Leasehold land and buildings
2% per annum on a straight line basis
Fixtures and fittings
20% per annum on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

The leasehold properties were revalued in the year ended 30 November 2024 by the company directors. The historical cost of the properties is £449,034. The carrying value of leasehold properties had a valuation not taken place would be £371,125 (2024: £382,417(.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

CHANEY & CHANEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

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

CHANEY & CHANEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 6 -
3
Tangible fixed assets
Freehold land and buildings
Leasehold land and buildings
Fixtures and fittings
Total
£
£
£
£
Cost or valuation
At 1 December 2024 and 30 November 2025
434,886
422,292
8,007
865,185
Depreciation and impairment
At 1 December 2024
15,179
57,289
8,007
80,475
Depreciation charged in the year
8,698
8,446
-
0
17,144
At 30 November 2025
23,877
65,735
8,007
97,619
Carrying amount
At 30 November 2025
411,009
356,557
-
0
767,566
At 30 November 2024
419,707
365,003
-
0
784,710

Freehold land and buildings with a carrying amount of £411,109 and Leasehold land and buildings with a carrying amount of £356,557 were revalued at 30 November 2024 by the company directors.

The revaluation surplus is disclosed in note 7. The figure is net of associated deferred tax.

The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:

Freehold land and buildings
Leasehold land and buildings
2025
2024
2025
2024
£
£
£
£
Cost
409,147
409,147
332,448
332,448
Accumulated depreciation
(23,362)
(15,179)
(63,938)
(57,289)
Carrying value
385,785
393,968
268,510
275,159
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,362
-
0
CHANEY & CHANEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 7 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
-
0
1,362
Other creditors
569,160
531,325
569,160
532,687

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
164,797
179,380

The bank loan is secured with a charge over the related property.

Creditors which fall due after five years are as follows:
2025
2024
£
£
Payable other than by instalments
164,797
179,380
7
Revaluation reserve
2025
2024
£
£
At the beginning of the year
115,583
45,000
Revaluation surplus arising in the year
-
0
70,583
Other movements
(28,896)
-
At the end of the year
86,687
115,583
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