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Company No: 08516805 (England and Wales)

CHAPELGATE INVESTMENTS LTD

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

CHAPELGATE INVESTMENTS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

CHAPELGATE INVESTMENTS LTD

BALANCE SHEET

As at 31 March 2025
CHAPELGATE INVESTMENTS LTD

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 1,737 2,284
Investment property 4 6,854,319 6,197,740
6,856,056 6,200,024
Current assets
Debtors 5 22,208 10,735
Cash at bank and in hand 125,439 167,964
147,647 178,699
Creditors: amounts falling due within one year 6 ( 435,133) ( 433,285)
Net current liabilities (287,486) (254,586)
Total assets less current liabilities 6,568,570 5,945,438
Creditors: amounts falling due after more than one year 7 ( 3,512,184) ( 2,946,787)
Provision for liabilities ( 287,268) ( 287,268)
Net assets 2,769,118 2,711,383
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 2,769,018 2,711,283
Total shareholders' funds 2,769,118 2,711,383

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 Chapelgate Investments Ltd (registered number: 08516805) were approved and authorised for issue by the Board of Directors on 23 July 2025. They were signed on its behalf by:

Brian George Deeks
Director
CHAPELGATE INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
CHAPELGATE INVESTMENTS 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

Chapelgate Investments 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 Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 1 Alyth Road, Talbot Woods, Bournemouth, Dorset, BH3 7DF.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and 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 Balance Sheet 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.

Turnover

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 and after eliminating sales within the company.

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 Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property 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 25 % reducing balance
Office 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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 April 2024 17,735 11,260 28,995
Additions 0 584 584
At 31 March 2025 17,735 11,844 29,579
Accumulated depreciation
At 01 April 2024 15,960 10,751 26,711
Charge for the financial year 444 687 1,131
At 31 March 2025 16,404 11,438 27,842
Net book value
At 31 March 2025 1,331 406 1,737
At 31 March 2024 1,775 509 2,284

4. Investment property

Investment property
£
Valuation
As at 01 April 2024 6,197,740
Development property addition 656,579
As at 31 March 2025 6,854,319

5. Debtors

2025 2024
£ £
Trade debtors 8,750 8,750
Amounts owed by Group undertakings 12,726 1,276
Other debtors 732 709
22,208 10,735

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 0 22,526
Taxation and social security 69,237 73,031
Other creditors 365,896 337,728
435,133 433,285

7. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 1,725,342 1,002,816
Other creditors 1,786,842 1,943,971
3,512,184 2,946,787

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
5,200 Ordinary A shares of £ 0.01 each 52 52
1,200 Ordinary B shares of £ 0.01 each 12 12
3,600 Ordinary C shares of £ 0.01 each 36 36
100 100