REGISTERED NUMBER: 03531999 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Chiswell Finance Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

M Sanderson

S R MacLachlan

REGISTERED OFFICE:

4 Reading Road

Pangbourne

Reading

Berkshire

RG8 7LY

REGISTERED NUMBER:

03531999 (England and Wales)

ACCOUNTANTS:

Geoffrey Cole & Co

Chartered Accountants

4 Reading Road

Pangbourne

Reading

Berkshire

RG8 7LY

CURRENT ASSETS

Debtors

5

371,659

325,335

Cash at bank

3,543

11,016

375,202

336,351

CREDITORS

Amounts falling due within one year

6

456,613

420,913

NET CURRENT LIABILITIES

(81,411

)

(84,562

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(81,411

)

(84,562

)

CAPITAL AND RESERVES

Called up share capital

196,000

196,000

Retained earnings

(277,411

)

(280,562

)

SHAREHOLDERS' FUNDS

(81,411

)

(84,562

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 23 September 2025 and were signed on its behalf by:

M Sanderson - Director

1.	STATUTORY INFORMATION

Chiswell Finance Limited 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.

The financial statements have been prepared under the going concern on the basis of continued financial support by its main creditors.

Turnover

Interest receivable is treated as earned as it accrues monthly, based on the terms of the loan.

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 statement of financial position date.

Fixed asset investments

Fixed asset investments are stated at cost less any write down required for impairments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

50,001

PROVISIONS

At 1 January 2024

and 31 December 2024

50,001

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

250,000

250,000

Other debtors

110,935

75,235

Directors' current accounts

10,500

100

Prepayments and accrued income

224

-

371,659

325,335

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

419,112

419,112

Other creditors

35,700

-

Accrued expenses

1,801

1,801

456,613

420,913

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2024 an amount of £10,500 (2023: £100) was owed to the company from M Sanderson. These amounts had no set repayment terms and were provided interest free.