Registration number: 03729138

Champion Real Estate Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Statement of Changes in Equity	5
Notes to the Financial Statements	6 to 11

Champion Real Estate Ltd

Company Information

Directors	A J Champion S L Champion

Company secretary

F J D C Champion

Registered office

Stafford House 10 Prince Of Wales Road DORCHESTER DT1 1PW

Accountants

Kennedy Legg Stafford House 10 Prince Of Wales Road DORCHESTER DT1 1PW

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Champion Real Estate Ltd
for the Year Ended 31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Champion Real Estate Ltd for the year ended 31 July 2025 as set out on pages 3 to 11 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Champion Real Estate Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Champion Real Estate Ltd and state those matters that we have agreed to state to the Board of Directors of Champion Real Estate Ltd.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Champion Real Estate Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Champion Real Estate Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Champion Real Estate Ltd. You consider that Champion Real Estate Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Champion Real Estate 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 accounts.

......................................

Kennedy Legg
 
Stafford House
10 Prince Of Wales Road
DORCHESTER
DT1 1PW

18 September 2025

Champion Real Estate Ltd

(Registration number: 03729138)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	-	1,536,542
Current assets
Debtors	5	-	21,074
Cash at bank and in hand		868,051	4,587
		868,051	25,661
Creditors: Amounts falling due within one year	6	(54,748)	(24,953)
Net current assets		813,303	708
Total assets less current liabilities		813,303	1,537,250
Creditors: Amounts falling due after more than one year	6	-	(220,000)
Provisions for liabilities		-	(156,312)
Net assets		813,303	1,160,938
Capital and reserves
Called up share capital	7	100	100
Share premium reserve		1,998	1,998
Retained earnings		811,205	1,158,840
Shareholders' funds		813,303	1,160,938

Champion Real Estate Ltd

(Registration number: 03729138)
Balance Sheet as at 31 July 2025

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 September 2025 and signed on its behalf by:
 

......................................... A J Champion Director

Champion Real Estate Ltd

Statement of Changes in Equity for the Year Ended 31 July 2025

	Share capital £	Share premium £	Retained earnings £	Total £
At 1 August 2024	100	1,998	1,158,840	1,160,938
Loss for the year	-	-	(284,915)	(284,915)
Dividends	-	-	(62,720)	(62,720)
At 31 July 2025	100	1,998	811,205	813,303

	Share capital £	Share premium £	Retained earnings £	Total £
At 1 August 2023	100	1,998	1,164,874	1,166,972
Loss for the year	-	-	(6,034)	(6,034)
At 31 July 2024	100	1,998	1,158,840	1,160,938

Champion Real Estate Ltd

Notes to the Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Stafford House
10 Prince Of Wales Road
DORCHESTER
DT1 1PW
England

The principal place of business is:
Summerleaze
The Green
Loves Lane
Farmborough
Bath
BA2 0BA

These financial statements were authorised for issue by the Board on 18 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Champion Real Estate Ltd

Notes to the Financial Statements for the Year Ended 31 July 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	Nil
Motor vehicles	20% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Champion Real Estate Ltd

Notes to the Financial Statements for the Year Ended 31 July 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 3).

Champion Real Estate Ltd

Notes to the Financial Statements for the Year Ended 31 July 2025

4	tangible assets

	Land and buildings £	Motor vehicles  £	Total £
Cost or valuation
At 1 August 2024	1,506,411	58,850	1,565,261
Disposals	(1,506,411)	(58,850)	(1,565,261)
At 31 July 2025	-	-	-
Depreciation
At 1 August 2024	-	28,719	28,719
Eliminated on disposal	-	(28,719)	(28,719)
At 31 July 2025	-	-	-
Carrying amount
At 31 July 2025	-	-	-
At 31 July 2024	1,506,411	30,131	1,536,542

Included within the net book value of land and buildings above is £Nil (2024 - £1,506,411) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's Investment properties was revalued on 11 February 2021 by an independent valuer. . The name and qualification of the independent valuer are P C Jennings FRICS.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £Nil (2024 - £683,715).

5

Debtors

Current	2025 £	2024 £
Prepayments	-	660
Other debtors	-	20,414
	-	21,074

Champion Real Estate Ltd

Notes to the Financial Statements for the Year Ended 31 July 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	-	746
Taxation and social security	30,631	-
Accruals and deferred income	4,524	2,356
Other creditors	19,593	21,851
	54,748	24,953

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	-	220,000

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

Champion Real Estate Ltd

Notes to the Financial Statements for the Year Ended 31 July 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	220,000

9	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	12,000	14,400