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REGISTERED NUMBER: 15316929 (England and Wales)












Chapel Farm (Clyro) Ltd

Unaudited Financial Statements

for the Period

29 November 2023 to 31 March 2025






Chapel Farm (Clyro) Ltd (Registered number: 15316929)

Contents of the Financial Statements
for the Period 29 November 2023 to 31 March 2025










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Chapel Farm (Clyro) Ltd

Company Information
for the Period 29 November 2023 to 31 March 2025







DIRECTORS: AR Grahame
CC Albert





SECRETARY: AR Grahame





REGISTERED OFFICE: Cabalva House
Whitney-on-Wye
Herefordshire
HR3 6EX





REGISTERED NUMBER: 15316929 (England and Wales)





ACCOUNTANTS: The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Chapel Farm (Clyro) Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Income and Retained Earnings and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chapel Farm (Clyro) Ltd for the period ended 31 March 2025 which comprise the Profit And Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Chapel Farm (Clyro) 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 Chapel Farm (Clyro) Ltd. You consider that Chapel Farm (Clyro) Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Chapel Farm (Clyro) 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.






The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF


28 August 2025

Chapel Farm (Clyro) Ltd (Registered number: 15316929)

Balance Sheet
31 March 2025

Notes £    £   
FIXED ASSETS
Tangible assets 5 979,316
Investment property 6 880,000
1,859,316

CURRENT ASSETS
Debtors 7 649

CREDITORS
Amounts falling due within one year 8 846,188
NET CURRENT LIABILITIES (845,539 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,013,777

CAPITAL AND RESERVES
Allotted, issued and fully
paid share capital 200
Share premium 999,900
Retained earnings 13,677
1,013,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

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 Profit And Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:



AR Grahame - Director


Chapel Farm (Clyro) Ltd (Registered number: 15316929)

Notes to the Financial Statements
for the Period 29 November 2023 to 31 March 2025


1. STATUTORY INFORMATION

Chapel Farm (Clyro) Ltd 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. LONG PERIOD OF ACCOUNTS

The financial statements have been prepared for 16 months ending 31 March 2025. No comparatives are available as this is the first period of account for the company.

3. 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 historical cost convention.

The directors are aware that the company has net current liabilities. This is due to the shareholders loan account of £821,758 within creditors falling due within one year. The shareholders confirmed that they will not withdraw their loan account to the detriment of other creditors.

The directors have considered the financial requirements of the company and consider that it will be able to operate within its agreed finance facilities for the next 12 months. The directors therefore consider it appropriate to prepare accounts on the going concern basis.

Turnover
Turnover represents rental income, Basic Payment and and grazing licences, stated net of discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when the significant risks and rewards of ownership have passed to the buyer, when the amount of revenue can be measured reliably, when it is probable that the economic benefits associated with the transaction will flow to the entity and when the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from services is recognised in the accounting periods in which the services are rendered.

Rental income is recognised when the tenant has occupied the property or has had access to it during the rental period.

Subsidy revenue is recognised under the accruals basis and so is recognised as income in the period to which the grant relates.

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 - not provided
Improvements to property - 4% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.


Chapel Farm (Clyro) Ltd (Registered number: 15316929)

Notes to the Financial Statements - continued
for the Period 29 November 2023 to 31 March 2025


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit And Loss Account, 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 period 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.

4. EMPLOYEES

The average number of employees during the period was NIL.

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to
property property Totals
£    £    £   
COST
Additions 975,221 4,325 979,546
At 31 March 2025 975,221 4,325 979,546
DEPRECIATION
Charge for period - 230 230
At 31 March 2025 - 230 230
NET BOOK VALUE
At 31 March 2025 975,221 4,095 979,316

Chapel Farm (Clyro) Ltd (Registered number: 15316929)

Notes to the Financial Statements - continued
for the Period 29 November 2023 to 31 March 2025


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 883,245
Revaluations (3,245 )
At 31 March 2025 880,000
NET BOOK VALUE
At 31 March 2025 880,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2025 (3,245 )
Cost 883,245
880,000

If investment property had not been revalued it would have been included at the following historical cost:

£   
Cost 883,245

Investment property was valued on an open market basis on 31 March 2025 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Deferred tax asset
Other timing differences 649
649

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Corporation tax payable 4,079
Other creditors 11,551
Shareholder's loan accounts 821,758
Accrual and deferred income 8,800
846,188

9. RELATED PARTY DISCLOSURES

A partnership in which the directors are partners operates the banking facility for the company. At the year end this account had a balance of £10,921. This balance is shown within other creditors. The partnership has charged a management fee of £6,300.

Also included in creditors is £821,758 owed to the shareholders. This loan is interest free and repayable with three months notice.