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REGISTERED NUMBER: 07848928 (England and Wales)








Unaudited Financial Statements

For The Year Ended 28 February 2025

for

Churchwood Valley Limited

Churchwood Valley Limited (Registered number: 07848928)






Contents of the Financial Statements
For The Year Ended 28 February 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


Churchwood Valley Limited (Registered number: 07848928)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 70,000 80,000
Tangible assets 5 2,752,049 2,794,754
2,822,049 2,874,754

CURRENT ASSETS
Stocks 14,392 12,914
Debtors 6 46,682 31,214
Cash at bank and in hand 2,562 34,321
63,636 78,449
CREDITORS
Amounts falling due within one year 7 599,195 554,717
NET CURRENT LIABILITIES (535,559 ) (476,268 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,286,490

2,398,486

CREDITORS
Amounts falling due after more than one
year

8

(370,793

)

(368,335

)

PROVISIONS FOR LIABILITIES (18,039 ) (26,534 )
NET ASSETS 1,897,658 2,003,617

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 10 1,683,885 1,683,885
Retained earnings 213,573 319,532
SHAREHOLDERS' FUNDS 1,897,658 2,003,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

Churchwood Valley Limited (Registered number: 07848928)

Balance Sheet - continued
28 February 2025


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 July 2025 and were signed on its behalf by:




J C Stansell - Director



Mrs S A Stansell - Director


Churchwood Valley Limited (Registered number: 07848928)

Notes to the Financial Statements
For The Year Ended 28 February 2025

1. STATUTORY INFORMATION

Churchwood Valley Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07848928

Registered office: 1 Darklake View
Plymouth
Devon
PL6 7TL

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.

These accounts have been prepared on the going concern basis. The directors have confirmed continued support and consider that the company retains sufficient working capital to continue to trade for the foreseeable future.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2012, is being amortised over its estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 20% on cost and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Churchwood Valley Limited (Registered number: 07848928)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2024
and 28 February 2025 200,000
AMORTISATION
At 1 March 2024 120,000
Charge for year 10,000
At 28 February 2025 130,000
NET BOOK VALUE
At 28 February 2025 70,000
At 29 February 2024 80,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2024 2,482,339 444,586 2,926,925
Additions - 4,364 4,364
Disposals - (1,750 ) (1,750 )
At 28 February 2025 2,482,339 447,200 2,929,539
DEPRECIATION
At 1 March 2024 20,000 112,172 132,172
Charge for year 19,340 26,912 46,252
Eliminated on disposal - (934 ) (934 )
At 28 February 2025 39,340 138,150 177,490
NET BOOK VALUE
At 28 February 2025 2,442,999 309,050 2,752,049
At 29 February 2024 2,462,339 332,414 2,794,753

Churchwood Valley Limited (Registered number: 07848928)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2025

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2024
and 28 February 2025 8,105
DEPRECIATION
At 1 March 2024 4,863
Charge for year 1,621
At 28 February 2025 6,484
NET BOOK VALUE
At 28 February 2025 1,621
At 29 February 2024 3,242

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Other debtors 46,682 31,214

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Bank loans and overdrafts 133,298 76,066
Finance leases (see note 9) 1,964 1,785
Trade creditors 74,143 94,652
Taxation and social security 17,802 4,604
Other creditors 371,988 377,610
599,195 554,717

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.25 29.2.24
£    £   
Bank loans 370,621 366,199
Finance leases (see note 9) 172 2,136
370,793 368,335

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 240,276 150,138

Churchwood Valley Limited (Registered number: 07848928)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2025

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
28.2.25 29.2.24
£    £   
Net obligations repayable:
Within one year 1,964 1,785
Between one and five years 172 2,136
2,136 3,921

Non-cancellable operating leases
28.2.25 29.2.24
£    £   
Within one year 589 589
Between one and five years 49 638
638 1,227

10. RESERVES
Revaluation
reserve
£   
At 1 March 2024
and 28 February 2025 1,683,885