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REGISTERED NUMBER: 04292025 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST JANUARY 2023 TO 31ST MARCH 2024

FOR

CHOLSEY GREAT BARNS LIMITED

CHOLSEY GREAT BARNS LIMITED (REGISTERED NUMBER: 04292025)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHOLSEY GREAT BARNS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024







DIRECTORS: S R Bitmead
Mrs M P Bitmead





SECRETARY: Mrs M P Bitmead





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 04292025 (England and Wales)





ACCOUNTANTS: Martin and Company
Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH

CHOLSEY GREAT BARNS LIMITED (REGISTERED NUMBER: 04292025)

BALANCE SHEET
31ST MARCH 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,643 50,162
Investment property 5 1,260,000 800,000
1,305,643 850,162

CURRENT ASSETS
Debtors 6 115,961 54,237
Cash at bank 5,002 19,393
120,963 73,630
CREDITORS
Amounts falling due within one year 7 32,160 20,154
NET CURRENT ASSETS 88,803 53,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,394,446

903,638

CREDITORS
Amounts falling due after more than one year 8 857,670 885,282
NET ASSETS 536,776 18,356

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 17,117 -
Fair value reserves - (446,306 )
Retained earnings 519,559 464,562
SHAREHOLDERS' FUNDS 536,776 18,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2024 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.

CHOLSEY GREAT BARNS LIMITED (REGISTERED NUMBER: 04292025)

BALANCE SHEET - continued
31ST MARCH 2024


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 24th September 2024 and were signed on its behalf by:





S R Bitmead - Director


CHOLSEY GREAT BARNS LIMITED (REGISTERED NUMBER: 04292025)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024


1. STATUTORY INFORMATION

Cholsey Great Barns Limited 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. 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 as modified by the revaluation of certain assets.

The accounts have been prepared on a going concern basis having received assurances from the directors that they will continue to support the company. The directors have confirmed that the repayment of the loans from Roger Bitmead (Cholsey) Limited and from S R Bitmead Esq will not be due for repayment in the thirteen months following the date of the Directors report.

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 - 25% on reducing balance and 5% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from the changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

CHOLSEY GREAT BARNS LIMITED (REGISTERED NUMBER: 04292025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023
and 31st March 2024 74,765
DEPRECIATION
At 1st January 2023 24,603
Charge for period 4,519
At 31st March 2024 29,122
NET BOOK VALUE
At 31st March 2024 45,643
At 31st December 2022 50,162

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023 800,000
Revaluations 460,000
At 31st March 2024 1,260,000
NET BOOK VALUE
At 31st March 2024 1,260,000
At 31st December 2022 800,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2009 (415,021 )
Valuation in 2011 (31,285 )
Valuation in 2023 460,000
Cost 1,246,306
1,260,000

CHOLSEY GREAT BARNS LIMITED (REGISTERED NUMBER: 04292025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024


5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2022
£    £   
Cost 1,246,306 1,246,306

Investment property was valued on an open market basis on 21st August 2023 by Adkin .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 78,148 54,237
Other debtors 37,813 -
115,961 54,237

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Taxation and social security 17,697 11,825
Other creditors 14,463 8,329
32,160 20,154

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2022
£    £   
Other creditors 857,670 885,282

9. RESERVES
Revaluation
reserve
£   
Property revaluation (446,307 )
Gain on revaluation of
investment property 460,000
Deferred tax 3,424

At 31st March 2024 17,117

CHOLSEY GREAT BARNS LIMITED (REGISTERED NUMBER: 04292025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024


10. RELATED PARTY DISCLOSURES

At the balance sheet date the cumulative amount owed to the directors of this company and a company in which the directors hold a participating interest in, total loans of £857,670 (2022: £885,282). The loans are unsecured, interest free and have no fixed repayment date.