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REGISTERED NUMBER: 08517441 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Challinor & Co Ltd

Challinor & Co Ltd (Registered number: 08517441)

Contents of the Financial Statements
for the Year Ended 30 April 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Challinor & Co Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTORS: A S Challinor
J Challinor





REGISTERED OFFICE: Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ





REGISTERED NUMBER: 08517441 (England and Wales)





ACCOUNTANTS: Brayshaw Morey
Certified Public Accountants
Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ

Challinor & Co Ltd (Registered number: 08517441)

Statement of Financial Position
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,860 4,229
Investments 6 118,852 197,659
121,712 201,888

CURRENT ASSETS
Debtors 7 14,697 14,422
Cash at bank 105,008 83,032
119,705 97,454
CREDITORS
Amounts falling due within one year 8 89,967 71,502
NET CURRENT ASSETS 29,738 25,952
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,450

227,840

PROVISIONS FOR LIABILITIES 7,427 16,219
NET ASSETS 144,023 211,621

CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 10 48,174 56,489
Retained earnings 10 95,847 155,130
SHAREHOLDERS' FUNDS 144,023 211,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

Challinor & Co Ltd (Registered number: 08517441)

Statement of Financial Position - continued
30 April 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:




A S Challinor - Director



J Challinor - Director


Challinor & Co Ltd (Registered number: 08517441)

Notes to the Financial Statements
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Challinor & Co Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Challinor & Co Ltd (Registered number: 08517441)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 15,829
DEPRECIATION
At 1 May 2022 11,600
Charge for year 1,369
At 30 April 2023 12,969
NET BOOK VALUE
At 30 April 2023 2,860
At 30 April 2022 4,229

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 May 2022 197,659
Additions 20,190
Disposals (56,272 )
Revaluations (43,960 )
Dividends received 1,235
At 30 April 2023 118,852
NET BOOK VALUE
At 30 April 2023 118,852
At 30 April 2022 197,659

Challinor & Co Ltd (Registered number: 08517441)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 April 2023 is represented by:

Other
investments
£   
Valuation in 2016 49,796
Valuation in 2017 26,496
Valuation in 2018 7,190
Valuation in 2019 34,019
Valuation in 2020 40,356
Valuation in 2021 40,202
Valuation in 2022 (400 )
Valuation in 2023 (78,807 )
118,852

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 13,625 13,625
Other debtors 1,072 797
14,697 14,422

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Taxation and social security 18,335 23,301
Other creditors 71,632 48,201
89,967 71,502

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
2 Ordinary £1 2 2

Challinor & Co Ltd (Registered number: 08517441)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2022 155,130 56,489 211,619
Profit for the year 24,654 24,654
Dividends (75,400 ) (75,400 )
Transfer of realised profit (8,537 ) 5,117 (3,420 )
Movement on investment - (13,432 ) (13,432 )
At 30 April 2023 95,847 48,174 144,021