REGISTERED NUMBER: 11956049 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CHELICO HOLDINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A J Cousins

A E G Cousins

R J A Cousins

A R G Cousins

REGISTERED OFFICE:

Five Ways

57/59 Hatfield Road

Potters Bar

Hertfordshire

EN6 1HS

REGISTERED NUMBER:

11956049 (England and Wales)

ACCOUNTANTS:

SRG Newmans Limited

Five Ways

57-59 Hatfield Road

Potters Bar

Hertfordshire

EN6 1HS

FIXED ASSETS

Tangible assets

4

130,212

68,624

Investments

5

1,280

1,280

Investment property

6

8,100,000

8,200,000

8,231,492

8,269,904

CURRENT ASSETS

Debtors

7

1,632,063

3,037,375

Cash at bank

951,390

418,468

2,583,453

3,455,843

CREDITORS

Amounts falling due within one year

8

202,863

196,859

NET CURRENT ASSETS

2,380,590

3,258,984

TOTAL ASSETS LESS CURRENT LIABILITIES

10,612,082

11,528,888

PROVISIONS FOR LIABILITIES

801,899

826,899

NET ASSETS

9,810,183

10,701,989

CAPITAL AND RESERVES

Called up share capital

2,560

2,560

Fair value reserve

9

7,422,782

7,497,782

Retained earnings

2,384,841

3,201,647

SHAREHOLDERS' FUNDS

9,810,183

10,701,989

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

The members have not required the company to obtain an audit of its financial statements for the year 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2025 and were signed on its behalf by:

R A J Cousins - Director

1.	STATUTORY INFORMATION

Chelico Holdings 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.	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 as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

The investment of £1,280 relates to a 100% ownership in Cousins Holdings Ltd for 1,280 shares.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

157,442

17,012

174,454

Additions

134,000

5,403

139,403

Disposals

(98,878

)

-

(98,878

)

At 31 March 2025

192,564

22,415

214,979

DEPRECIATION

At 1 April 2024

93,331

12,499

105,830

Charge for year

41,706

4,823

46,529

Eliminated on disposal

(67,592

)

-

(67,592

)

At 31 March 2025

67,445

17,322

84,767

NET BOOK VALUE

At 31 March 2025

125,119

5,093

130,212

At 31 March 2024

64,111

4,513

68,624

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

1,280

NET BOOK VALUE

At 31 March 2025

1,280

At 31 March 2024

1,280

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

8,200,000

Revaluations

(100,000

)

At 31 March 2025

8,100,000

NET BOOK VALUE

At 31 March 2025

8,100,000

At 31 March 2024

8,200,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

(100,000

)

Cost

8,200,000

8,100,000

The directors have given due consideration to the present value of the investment property and confirm that the current market value as at 31st March 2025 is £8,100,000.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

15,049

22,041

Amounts owed by group undertakings

1,597,363

3,006,863

Other debtors

19,651

8,471

1,632,063

3,037,375

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

8,925

7,066

Taxation and social security

79,941

61,600

Other creditors

113,997

128,193

202,863

196,859

9.

RESERVES

Fair

value

reserve

£

At 1 April 2024

7,497,782

Non distributable reserve

(75,000

)

At 31 March 2025

7,422,782

The non distributable reserve movement is made up of the deferred tax calculated during the year.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

R A J Cousins

Balance outstanding at start of year

(936

)

(96,395

)

Amounts advanced

10,624

95,771

Amounts repaid

-

(312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,688

(936

)

As at 31st March 2025, within Other Creditors, the company owed Mr A E G Cousins £312, Mr R J A Cousins £312 and Mr A R G Cousins £312.

11.	RELATED PARTY DISCLOSURES

The following amount is owed from an associated company as at 31st March 2024:

Cousins Holdings Limited: As at 31st March 2025 £387,863 (2024: £1,397,363)

Elgor Limited: As at 31st March 2025 £1,209,500 (2024: £1,609,500)

12.	ULTIMATE CONTROLLING PARTY

The company is owned in equal shares by the brothers, A R G Cousins, R J A Cousins, and R A J Cousin.