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REGISTERED NUMBER: 08517441 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

CHALLINOR & CO LTD

CHALLINOR & CO LTD (REGISTERED NUMBER: 08517441)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




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 2024







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 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,119 2,860
Investments 6 161,995 118,852
164,114 121,712

CURRENT ASSETS
Debtors 7 70,503 14,697
Cash at bank 20,514 105,008
91,017 119,705
CREDITORS
Amounts falling due within one year 8 95,870 89,967
NET CURRENT (LIABILITIES)/ASSETS (4,853 ) 29,738
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,261

151,450

PROVISIONS FOR LIABILITIES 18,099 7,427
NET ASSETS 141,162 144,023

CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 10 77,824 48,174
Retained earnings 10 63,336 95,847
SHAREHOLDERS' FUNDS 141,162 144,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

CHALLINOR & CO LTD (REGISTERED NUMBER: 08517441)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 4 December 2024 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 2024

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 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 15,829
Additions 274
At 30 April 2024 16,103
DEPRECIATION
At 1 May 2023 12,969
Charge for year 1,015
At 30 April 2024 13,984
NET BOOK VALUE
At 30 April 2024 2,119
At 30 April 2023 2,860

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 May 2023 118,852
Additions 7,000
Disposals (20,744 )
Revaluations 55,523
Dividends received 1,364
At 30 April 2024 161,995
NET BOOK VALUE
At 30 April 2024 161,995
At 30 April 2023 118,852

CHALLINOR & CO LTD (REGISTERED NUMBER: 08517441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 April 2024 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 )
Valuation in 2024 43,143
161,995

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 69,513 13,625
Other debtors 990 1,072
70,503 14,697

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 13,584 18,335
Other creditors 82,286 71,632
95,870 89,967

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
2 Ordinary £1 2 2

CHALLINOR & CO LTD (REGISTERED NUMBER: 08517441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2023 95,847 48,174 144,021
Deficit for the year (4,303 ) (4,303 )
Dividends (55,000 ) (55,000 )
Transfer of realised profit 26,792 (26,792 ) -
Movement on investment - 56,442 56,442
At 30 April 2024 63,336 77,824 141,160