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CHAFFERS ESTATE AGENTS LIMITED
Unaudited Financial Statements
For The Year Ended 31 August 2025
Freestone & Co
Chartered Accountants
1 The Centre
High Street
Gillingham
Dorset
SP8 4AB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06662783
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 14,500 29,000
Tangible Assets 5 9,444 11,320
23,944 40,320
CURRENT ASSETS
Debtors 6 61,615 93,568
Cash at bank and in hand 44,932 27,910
106,547 121,478
Creditors: Amounts Falling Due Within One Year 7 (89,536 ) (104,160 )
NET CURRENT ASSETS (LIABILITIES) 17,011 17,318
TOTAL ASSETS LESS CURRENT LIABILITIES 40,955 57,638
PROVISIONS FOR LIABILITIES
Deferred Taxation (31 ) (113 )
NET ASSETS 40,924 57,525
CAPITAL AND RESERVES
Called up share capital 8 48,750 48,750
Share premium account 13,750 13,750
Capital redemption reserve 16,250 16,250
Profit and Loss Account (37,826 ) (21,225 )
SHAREHOLDERS' FUNDS 40,924 57,525
Page 1
Page 2
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
A Brown
Director
20 April 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
CHAFFERS ESTATE AGENTS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 06662783 . The registered office is 1 The Centre, High Street, Gillingham, Dorset, SP8 4AB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% straight line from 2023
Fixtures & Fittings 20% straight line
Computer Equipment 33.3% straight line
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2024: 22)
19 22
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4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2024 206,750
As at 31 August 2025 206,750
Amortisation
As at 1 September 2024 177,750
Provided during the period 14,500
As at 31 August 2025 192,250
Net Book Value
As at 31 August 2025 14,500
As at 1 September 2024 29,000
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2024 15,228 46,362 13,256 74,846
As at 31 August 2025 15,228 46,362 13,256 74,846
Depreciation
As at 1 September 2024 5,191 45,907 12,428 63,526
Provided during the period 1,255 151 470 1,876
As at 31 August 2025 6,446 46,058 12,898 65,402
Net Book Value
As at 31 August 2025 8,782 304 358 9,444
As at 1 September 2024 10,037 455 828 11,320
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 34,097 50,068
Amounts owed from lettings account 17,579 20,724
Other debtors 9,939 22,776
61,615 93,568
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 19,523 20,312
Bank loans and overdrafts 7,500 20,580
Other creditors 4,869 4,952
Taxation and social security 57,644 58,316
89,536 104,160
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 48,750 48,750
Page 6