Company No: 08988430 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	19,121		9,412
Investments	5	100		100
		19,221		9,512
Current assets
Debtors	6	283,937		149,830
Cash at bank and in hand		588,224		435,632
		872,161		585,462
Creditors: amounts falling due within one year	7	( 410,816)		( 236,696)
Net current assets		461,345		348,766
Total assets less current liabilities		480,566		358,278
Provision for liabilities	8	( 2,379)		( 2,293)
Net assets		478,187		355,985
Capital and reserves
Called-up share capital		100		100
Profit and loss account		478,087		355,885
Total shareholder's funds		478,187		355,985

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Chesters Harcourt Limited (registered number: 08988430) were approved and authorised for issue by the Board of Directors on 28 May 2026. They were signed on its behalf by:

J T R Cann Director		J J Read Director
J A D'Anyers Willis Director		D J Foot Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Chesters Harcourt Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Kingston House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Revenue earned from acting as commercial property agents is recognised by reference to the stage of completion. Stage of completion is measured by reference to the proportion of the service carried out to date as a percentage of the total estimated service to be provided. Where this cannot be measured reliably, revenue is recognised only to the extent of the expenses recognised that are deemed recoverable.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	7 - 10 years straight line
Office equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	8		7

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2025	22,000		22,000
At 31 December 2025	22,000		22,000
Accumulated amortisation
At 01 January 2025	22,000		22,000
At 31 December 2025	22,000		22,000
Net book value
At 31 December 2025	0		0
At 31 December 2024	0		0

4. Tangible assets

	Fixtures and fittings		Office equipment		Total
	£		£		£
Cost
At 01 January 2025	15,232		26,535		41,767
Additions	14,383		1,340		15,723
At 31 December 2025	29,615		27,875		57,490
Accumulated depreciation
At 01 January 2025	13,025		19,330		32,355
Charge for the financial year	3,064		2,950		6,014
At 31 December 2025	16,089		22,280		38,369
Net book value
At 31 December 2025	13,526		5,595		19,121
At 31 December 2024	2,207		7,205		9,412

5. Fixed asset investments

	Investments in joint ventures		Total
	£		£
Cost or valuation before impairment
At 01 January 2025	100		100
At 31 December 2025	100		100
Carrying value at 31 December 2025	100		100
Carrying value at 31 December 2024	100		100

The company holds 50% of the ordinary share capital of Chesters Commercial Limited. The trade and assets of Chesters Commercial Limited were hived up to Chesters Harcourt Limited as at 31 March 2025.

The registered office of Chesters Commercial Limited is First Floor Motivo House, Bluebell Road, Yeovil, Somerset, BA20 2FG.

The principal activity of Chesters Commercial Limited is now that of a dormant company.

6. Debtors

	2025		2024
	£		£
Trade debtors	245,966		110,147
Amounts owed by Parent undertakings	11,927		0
Amounts owed by joint ventures	0		16,010
Amounts owed by directors	3,018		0
Prepayments	19,129		23,673
Other debtors	3,897		0
	283,937		149,830

Amounts owed by Parent are repayable on demand and do not bear interest.

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	17,739		26,083
Amounts owed to joint ventures	200		0
Amounts owed to directors	4,072		7,678
Accruals	131,839		74,462
Corporation tax	147,758		73,138
Other taxation and social security	101,806		49,309
Other creditors	7,402		6,026
	410,816		236,696

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

8. Provision for liabilities

	2025		2024
	£		£
Deferred tax	2,379		2,293

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	787		787
between one and five years	0		787
Total future minimum lease payments under non-cancellable operating leases	787		1,574

The non-cancellable operating lease payments are in relation to business equipment.

10. Related party transactions

Transactions with owners holding a participating interest in the entity

The company has taken advantage of the exemptions provided from disclosing transactions with its parent and other wholly owned group companies on the grounds that it is a wholly owned subsidiary.

Transactions with the entity's directors

Advances

The directors loan accounts are repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 January 2025 the balance owed from the directors was £nil. During the year, the company made advances to directors amounting to £225,927 and received repayments of £222,909 leaving a balance due from the director of £3,018.

At 1 January 2024 the balance owed from the directors was £nil. During the year, the company made advances to directors amounting to £56,119 and received repayments of £56,119 leaving a balance due from the directors of £nil.

11. Ultimate controlling party

The company's immediate parent is Chesters Commercial Holdings Ltd, incorporated in England and Wales. It's registered office address is Kingston House, Blackbrook Park Avenue, Taunton, Somerset, TA1 2PX.

These financial statements are available upon request from Companies House, Cardiff.