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Company No: 10461030 (England and Wales)

BHL INVESTMENTS (CHICHESTER) LTD

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

BHL INVESTMENTS (CHICHESTER) LTD

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

BHL INVESTMENTS (CHICHESTER) LTD

COMPANY INFORMATION

For the financial year ended 31 March 2025
BHL INVESTMENTS (CHICHESTER) LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
Directors Mr D P Callander
Mrs J Callander
Mr J C Callander
Mr M J Callander
Registered office 9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
United Kingdom
Company number 10461030 (England and Wales)
Accountant Kreston Reeves LLP
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BHL INVESTMENTS (CHICHESTER) LTD

For the financial year ended 31 March 2025

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BHL INVESTMENTS (CHICHESTER) LTD (continued)

For the financial year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BHL Investments (Chichester) Ltd for the financial year ended 31 March 2025 which comprise the Balance Sheet and the related notes 1 to 7 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that BHL Investments (Chichester) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BHL Investments (Chichester) Ltd. You consider that BHL Investments (Chichester) Ltd is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of BHL Investments (Chichester) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of BHL Investments (Chichester) Ltd, as a body, in accordance with the terms of our engagement letter dated 11 July 2024. Our work has been undertaken solely to prepare for your approval the financial statements of BHL Investments (Chichester) Ltd and state those matters that we have agreed to state to the Board of Directors of BHL Investments (Chichester) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BHL Investments (Chichester) Ltd and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ

06 August 2025

BHL INVESTMENTS (CHICHESTER) LTD

BALANCE SHEET

As at 31 March 2025
BHL INVESTMENTS (CHICHESTER) LTD

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Investment property 3 2,550,000 2,411,972
2,550,000 2,411,972
Current assets
Debtors 4 16,021 38,275
Cash at bank and in hand 83,716 153,865
99,737 192,140
Creditors: amounts falling due within one year 5 ( 87,039) ( 238,363)
Net current assets/(liabilities) 12,698 (46,223)
Total assets less current liabilities 2,562,698 2,365,749
Provision for liabilities 6 ( 40,043) 0
Net assets 2,522,655 2,365,749
Capital and reserves
Called-up share capital 200 200
Fair value reserve 116,753 0
Profit and loss account 2,405,702 2,365,549
Total shareholders' funds 2,522,655 2,365,749

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 BHL Investments (Chichester) Ltd (registered number: 10461030) were approved and authorised for issue by the Board of Directors on 06 August 2025. They were signed on its behalf by:

Mr D P Callander
Director
BHL INVESTMENTS (CHICHESTER) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
BHL INVESTMENTS (CHICHESTER) 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

BHL Investments (Chichester) 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 9 Donnington Park, 85 Birdham Road, Chichester, West Sussex, PO20 7AJ, United Kingdom.

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 £.

Turnover

Turnover represents the value of rental income and all other associated income received by the Company.

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.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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.

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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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

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 4 4

3. Investment property

Investment property
£
Valuation
As at 01 April 2024 2,411,972
Fair value movement 156,234
Disposals (18,206)
As at 31 March 2025 2,550,000

The 2025 valuations were made by the director Mr D P Callander, on an open market value for existing use basis.

4. Debtors

2025 2024
£ £
Trade debtors 9,300 5,849
Prepayments 6,721 6,297
Deferred tax asset 0 4,129
Other debtors 0 22,000
16,021 38,275

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 2,218 3,329
Taxation and social security 13,416 0
Other creditors 71,405 235,034
87,039 238,363

6. Deferred tax

2025 2024
£ £
At the beginning of financial year 4,129 19,941
Charged to the Statement of Comprehensive Income ( 44,172) ( 15,812)
At the end of financial year ( 40,043) 4,129

7. Related party transactions

During the year the interest free loan to a company controlled by a trust where by the directors are trustees was repaid. The amount due from the company at the year end was £Nil (2024 - £22,000).

During the year the interest free loan from a trust where by the directors are trustees was repaid. The amount due to the trust at the year end was £Nil (2024 - £50,000).

During the year the interest free loan from a company controlled by the directors was repaid. The amount due to the company at the year end was £Nil (2024 - £120,274).