Chandlers Independent Estate Agents Limi - Accounts to registrar (filleted)

REGISTERED NUMBER: 04891726 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Chandlers Independent Estate Agents

Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

8,331

9,582

8,331

9,582

CURRENT ASSETS

Debtors

6

10,916

153,569

Cash at bank

63,774

31,505

74,690

185,074

CREDITORS

Amounts falling due within one year

7

63,601

96,229

NET CURRENT ASSETS

11,089

88,845

TOTAL ASSETS LESS CURRENT LIABILITIES

19,420

98,427

PROVISIONS FOR LIABILITIES

2,025

-

NET ASSETS

17,395

98,427

CAPITAL AND RESERVES

Called up share capital

8

1,000

Retained earnings

16,395

97,427

SHAREHOLDERS' FUNDS

17,395

98,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2026 and were signed on its behalf by:

Mr D J Murray - Director

Mrs L S Murray - Director

1.	STATUTORY INFORMATION

Chandlers Independent Estate Agents Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04891726

Registered office:

18-20 High Street

Stevenage

Hertfordshire

SG1 3EJ

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

Income from services is recognised in the period in which the services are delivered. Where income is received in advance of the service being provided or performance obligations being met, it is deferred and recognised as a liability in the balance sheet. This income is subsequently recognised in the profit and loss account when the service is delivered or the performance obligation is satisfied.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, has been fully amortised over its useful life of 10 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

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:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line

Furniture and fixtures

15% straight line

Computer equipment

25% straight line

Motor vehicles

25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Useful life

Goodwill

10 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade debtors are reviewed for bad debts on an annual basis. Any adjustment is made accordingly through the profit and loss account.

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 at the transaction price.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

324,879

AMORTISATION

At 1 January 2025

and 31 December 2025

324,879

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

COST

At 1 January 2025

441

74,338

27,176

Additions

-

Disposals

(441

)

-

At 31 December 2025

-

74,338

27,176

DEPRECIATION

At 1 January 2025

-

71,309

21,064

Charge for year

-

847

1,641

At 31 December 2025

-

72,156

22,705

NET BOOK VALUE

At 31 December 2025

-

2,182

4,471

At 31 December 2024

441

3,029

6,112

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2025

11,268

-

113,223

Additions

-

2,037

Disposals

-

(441

)

At 31 December 2025

11,268

2,037

114,819

DEPRECIATION

At 1 January 2025

11,268

-

103,641

Charge for year

-

359

2,847

At 31 December 2025

11,268

359

106,488

NET BOOK VALUE

At 31 December 2025

-

1,678

8,331

At 31 December 2024

-

9,582

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

7,867

65,265

Amounts owed by group undertakings

-

86,062

Directors' current accounts

-

2,242

Prepayments

3,049

-

10,916

153,569

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

-

605

Trade creditors

6,142

11,362

Amounts owed to group undertakings

2,516

-

Tax

27,137

43,779

Social security and other taxes

4,766

(960

)

VAT

20,736

20,125

Wages Control

(109

)

-

Pension payable

538

-

Directors' current accounts

-

18,318

Accrued expenses

1,875

3,000

63,601

96,229

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

250

ORDINARY A

£1

250

ORDINARY B

£1

250

ORDINARY C

£1

250

ORDINARY D

£1

250

1,000

9.	OTHER FINANCIAL COMMITMENTS

Amounts not provided for in the balance sheet

The amount of financial commitments not included in the balance sheet in respect of a rental agreement which expires in April 2029 is £40,000 (2024 - £60,000).

10.	RELATED PARTY TRANSACTIONS

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

Mr D J Murray

Balance outstanding at start of year

-

Amounts advanced

388

-

Amounts repaid

(388

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

Mrs L S Murray

Balance outstanding at start of year

-

Amounts advanced

312

-

Amounts repaid

(312

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

These loans are provided interest free and are repayable on demand.

At the reporting date, the company owed £2,516 (2024: were owed £86,062) to companies under common control. This balance can be found within creditors. This loan is provided interest free and is repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Chandlers Group Limited, who is the parent of the company.

12.	SHARE CAPITAL

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares A of £1 each

250

Ordinary shares B of £1 each

250

Ordinary shares C of £1 each

250

Ordinary shares D of £1 each

250

13.

DIVIDENDS

2025

2024

£

Interim dividend A of £185 (2024 - £396.20) per ordinary share

46,250

99,050

Interim dividend B of £185 (2024 - £396.20) per ordinary share

46,250

99,050

Interim dividend C of £185 (2024 - £396.20) per ordinary share

46,250

99,050

Interim dividend D of £185 (2024 - £396.20) per ordinary share

46,250

99,050