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REGISTERED NUMBER: 06342945 (England and Wales)




















Financial Statements

for the Year Ended 30 September 2024

for

Chapel Barton House Co. Limited

Chapel Barton House Co. Limited (Registered number: 06342945)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Chapel Barton House Co. Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: R D Greacen
J M Scott
J. V. Brooke-Webb
P G Gill





REGISTERED OFFICE: 3 Pierrepont Street
Bath
Somerset
BA1 1LB





REGISTERED NUMBER: 06342945 (England and Wales)

Chapel Barton House Co. Limited (Registered number: 06342945)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,299,246 3,399,617

CURRENT ASSETS
Debtors 5 11,653 13,889
Cash at bank and in hand 6,511 4,402
18,164 18,291
CREDITORS
Amounts falling due within one year 6 2,770,025 2,769,611
NET CURRENT LIABILITIES (2,751,861 ) (2,751,320 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

547,385

648,297

PROVISIONS FOR LIABILITIES 7 24,209 38,525
NET ASSETS 523,176 609,772

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 522,176 608,772
SHAREHOLDERS' FUNDS 523,176 609,772

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 18 June 2025 and were signed on its behalf by:





J. V. Brooke-Webb - Director


Chapel Barton House Co. Limited (Registered number: 06342945)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Chapel Barton House Co. 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.

Going concern
The directors believe that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of its parent company Stay Original Company Limited. The directors have received confirmation that Stay Original Company Limited intends to support the company for at least one year from the date of signing these financial statements.

Therefore, notwithstanding the net current liabilities of £2,751,861, the directors have prepared the accounts on the going concern basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property is shown at fair value, based on valuations by external independent valuers, less subsequent depreciation for buildings. Valuations are performed with sufficient regularity to ensure that the fair value of a revalued asset does not differ materially from its carrying amount. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset, and the net amount is restated to the revalued amount of the asset. All other tangible fixed assets are stated at historical cost less depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of the items.

Subsequent costs are included in the asset's carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the company and the cost of the item can be measured reliably. All other repairs and maintenance are charged to the income statement during the financial period in which they are incurred.

Increases in the carrying amount arising on revaluation of land and buildings are credited to other comprehensive income and shown as revaluation reserves in shareholders' equity. Decreases that offset previous increases of the same asset are charged in other comprehensive income and debited against other reserves directly in equity; all other decreases are charged to the income statement. Each year the difference between depreciation based on the revalued carrying amount of the asset charged to the income statement, and depreciation based on the asset's original cost is transferred from 'other reserves' to 'retained earnings'.

Land is not depreciated. Depreciation on other assets is calculated using the straight-line method to allocate their cost or revalued amounts to their residual values over their estimated useful lives, as follows:

Plant & Machinery - 20% 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 balance sheet date.


Chapel Barton House Co. Limited (Registered number: 06342945)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 3,273,456 836,792 4,110,248
DEPRECIATION
At 1 October 2023 43,652 666,979 710,631
Charge for year 43,647 56,724 100,371
At 30 September 2024 87,299 723,703 811,002
NET BOOK VALUE
At 30 September 2024 3,186,157 113,089 3,299,246
At 30 September 2023 3,229,804 169,813 3,399,617

The parent entity has a loan agreement with Cynergy Bank. This loan is secured on the Company's freehold property assets.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,366 3,602
Tax 9,486 9,486
Prepayments and accrued income 801 801
11,653 13,889

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1
Amounts owed to group undertakings 2,763,850 2,761,676
VAT 6,175 7,336
Accruals and deferred income - 598
2,770,025 2,769,611

Chapel Barton House Co. Limited (Registered number: 06342945)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 25,635 39,237
Tax losses carried forward (1,426 ) (712 )
24,209 38,525

Deferred
tax
£   
Balance at 1 October 2023 38,525
Credit to Income Statement during year (14,316 )
Balance at 30 September 2024 24,209

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 October 2023 608,772
Deficit for the year (86,596 )
At 30 September 2024 522,176

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Powell (Senior Statutory Auditor)
for and on behalf of Sumer Auditco Limited

11. ULTIMATE CONTROLLING PARTY

The immediate parent company is Stay Original Company Limited, a company incorporated in England and Wales.

The ultimate controlling party is R D Greacen.

Consolidated accounts of the parent entity can be obtained from the registered address 3 Pierrepont Street, Bath, BA1 1LB.