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Company No: 11884241 (England and Wales)

CHALKLEY HOLDINGS LTD

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

CHALKLEY HOLDINGS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

CHALKLEY HOLDINGS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
CHALKLEY HOLDINGS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 48 56
Investment property 4 127,489 127,489
127,537 127,545
Current assets
Stocks 79,767 79,767
Debtors
- due within one year 6 18,737 53,220
- due after more than one year 6 0 10,000
Cash at bank and in hand 82,731 77,842
181,235 220,829
Creditors: amounts falling due within one year 7 ( 9,137) ( 11,957)
Net current assets 172,098 208,872
Total assets less current liabilities 299,635 336,417
Net assets 299,635 336,417
Capital and reserves
Called-up share capital 8 102 102
Profit and loss account 299,533 336,315
Total shareholders' funds 299,635 336,417

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

Directors' responsibilities:

The financial statements of Chalkley Holdings Ltd (registered number: 11884241) were approved and authorised for issue by the Board of Directors on 12 June 2025. They were signed on its behalf by:

D Chalkley
Director
CHALKLEY HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
CHALKLEY HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
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

Chalkley Holdings Ltd (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 C/O Bishop Fleming Llp, 10 North Place, Cheltenham, GL50 4DW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and 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 £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and 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.

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).

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 Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 15 % reducing balance
Computer equipment 3 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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.

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.

Ordinary share capital

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

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 01 April 2024 94 424 518
At 31 March 2025 94 424 518
Accumulated depreciation
At 01 April 2024 38 424 462
Charge for the financial year 8 0 8
At 31 March 2025 46 424 470
Net book value
At 31 March 2025 48 0 48
At 31 March 2024 56 0 56

4. Investment property

Investment property
£
Valuation
As at 01 April 2024 127,489
As at 31 March 2025 127,489

Valuation

The 2025 valuations were made by the directors, on an open market value for existing use basis and was arrived at taking account of information from publicly available data and judgement. A significant level of uncertainty exists in relation to these assumptions and any changes in these assumptions could have a material impact on the carrying value of Investment Property in the financial statements.

5. Fixed asset investments

Investments in subsidiaries

2025
£
Cost
At 01 April 2024 299,385
Additions 12,500
At 31 March 2025 311,885
Provisions for impairment
At 01 April 2024 299,385
Impairment 12,500
At 31 March 2025 311,885
Carrying value at 31 March 2025 0
Carrying value at 31 March 2024 0

6. Debtors

2025 2024
£ £
Debtors: amounts falling due within one year
Trade debtors 1,128 6,370
Amounts owed by own subsidiaries 4,167 27,007
Prepayments and accrued income 0 6,504
VAT recoverable 109 6
Other debtors 13,333 13,333
18,737 53,220
Debtors: amounts falling due after more than one year
Other debtors 0 10,000

7. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 108 0
Amounts owed to directors 166 280
Accruals 3,201 5,754
Taxation and social security 2,881 3,142
Other creditors 2,781 2,781
9,137 11,957

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
102 Ordinary shares of £ 1.00 each 102 102

9. Related party transactions

Transactions with the entity's directors

2025 2024
£ £
Dividends paid to directors 30,000 60,002

At the balance sheet date amounts totalling £166 (2024: £280) remain outstanding as due from the company to the directors. No interest has been charged and the loans are payable on demand.