2 2 Chesilton Group Limited 13032799 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is to provide consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true 13032799 2024-04-01 2025-03-31 13032799 2025-03-31 13032799 core:CurrentFinancialInstruments 2025-03-31 13032799 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 13032799 core:FurnitureFittings 2025-03-31 13032799 core:OfficeEquipment 2025-03-31 13032799 bus:SmallEntities 2024-04-01 2025-03-31 13032799 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 13032799 bus:FilletedAccounts 2024-04-01 2025-03-31 13032799 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13032799 bus:RegisteredOffice 2024-04-01 2025-03-31 13032799 bus:Director1 2024-04-01 2025-03-31 13032799 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13032799 core:FurnitureFittings 2024-04-01 2025-03-31 13032799 core:OfficeEquipment 2024-04-01 2025-03-31 13032799 countries:EnglandWales 2024-04-01 2025-03-31 13032799 2024-03-31 13032799 core:FurnitureFittings 2024-03-31 13032799 core:OfficeEquipment 2024-03-31 13032799 2023-04-01 2024-03-31 13032799 2024-03-31 13032799 core:CurrentFinancialInstruments 2024-03-31 13032799 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13032799 core:FurnitureFittings 2024-03-31 13032799 core:OfficeEquipment 2024-03-31 xbrli:pure iso4217:GBP

Registration number: 13032799

Chesilton Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Chesilton Group Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

Chesilton Group Limited

(Registration number: 13032799)
Statement of Financial Position as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

2,727

3,509

Investments

5

357,549

366,515

 

360,276

370,024

Current assets

 

Debtors

6

23,062

16,088

Cash at bank and in hand

 

5,518

831

 

28,580

16,919

Creditors: Amounts falling due within one year

7

(176,429)

(184,680)

Net current liabilities

 

(147,849)

(167,761)

Total assets less current liabilities

 

212,427

202,263

Provisions for liabilities

(671)

(877)

Net assets

 

211,756

201,386

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

211,656

201,286

Shareholders' funds

 

211,756

201,386

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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 30 July 2025
 


Dr J P M Pfander
Director

 

Chesilton Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
26-28 Southernhay East
Exeter
Devon
EX1 1NS

Principal activity

The principal activity of the company is to provide consultancy services.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

 

Chesilton Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Chesilton Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% straight line

Office equipment

25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

 

Chesilton Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2024

1,482

4,995

6,477

Additions

-

1,103

1,103

At 31 March 2025

1,482

6,098

7,580

Depreciation

At 1 April 2024

741

2,227

2,968

Charge for the year

371

1,514

1,885

At 31 March 2025

1,112

3,741

4,853

Carrying amount

At 31 March 2025

370

2,357

2,727

At 31 March 2024

741

2,768

3,509

5

Investments

Financial assets through profit and loss
£

Non-current financial assets - Investments

Cost or valuation

At 1 April 2024

366,515

Change on valuation

(8,966)

At 31 March 2025

357,549

 

Chesilton Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5

Investments (continued)

Financial assets through profit and loss
£

Non-current financial assets - Investments

Cost or valuation

At 01 April 2023

362,734

Change on valuation

3,781

At 31 March 2024

366,515

The original cost of the investments were as follows: Origin Bio Shares 50,000EUR April 2021, Proventis Partners AG 240,000CHF June 2021 and Proventis Partners AG 120,000CHF June 2022.

6

Debtors

2025
£

2024
£

Trade debtors

11,343

3,192

Other debtors

-

53

Prepayments

245

179

Accrued income

11,474

12,664

23,062

16,088

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

671

446

Taxation and social security

6,508

637

Accruals and deferred income

14,484

13,979

Other creditors

154,766

169,618

176,429

184,680

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.