REGISTERED NUMBER: 04292025 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

CHOLSEY GREAT BARNS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S R Bitmead

Mrs M P Bitmead

SECRETARY:

Mrs M P Bitmead

REGISTERED OFFICE:

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

REGISTERED NUMBER:

04292025 (England and Wales)

ACCOUNTANTS:

Martin and Company

Two Brewers House

50 North Street

Thame

Oxfordshire

OX9 3BH

FIXED ASSETS

Tangible assets

4

42,031

45,643

Investment property

5

1,260,000

1,260,000

1,302,031

1,305,643

CURRENT ASSETS

Debtors

6

62,706

115,961

Cash at bank

27,871

5,002

90,577

120,963

CREDITORS

Amounts falling due within one year

7

23,978

32,160

NET CURRENT ASSETS

66,599

88,803

TOTAL ASSETS LESS CURRENT LIABILITIES

1,368,630

1,394,446

CREDITORS

Amounts falling due after more than one year

8

784,818

857,670

NET ASSETS

583,812

536,776

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

17,117

17,117

Retained earnings

566,595

519,559

SHAREHOLDERS' FUNDS

583,812

536,776

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 15th September 2025 and were signed on its behalf by:

S R Bitmead - Director

1.	STATUTORY INFORMATION

Cholsey Great Barns 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 as modified by the revaluation of certain assets.

The accounts have been prepared on a going concern basis having received assurances from the directors that they will continue to support the company. The directors have confirmed that the repayment of the loans from Roger Bitmead (Cholsey) Limited and from S R Bitmead Esq will not be due for repayment in the thirteen months following the date of the Directors report.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 5% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from the 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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

74,765

DEPRECIATION

At 1st April 2024

29,122

Charge for year

3,612

At 31st March 2025

32,734

NET BOOK VALUE

At 31st March 2025

42,031

At 31st March 2024

45,643

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

1,260,000

NET BOOK VALUE

At 31st March 2025

1,260,000

At 31st March 2024

1,260,000

Fair value at 31st March 2025 is represented by:

£

Valuation in 2009

(415,021

)

Valuation in 2011

(31,285

)

Valuation in 2023

460,000

Cost

1,246,306

1,260,000

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

2025

2024

£

£

Cost

1,246,306

1,246,306

Investment property was valued on an open market basis on 21st August 2023 by Adkin .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

55,710

78,148

Other debtors

6,996

37,813

62,706

115,961

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

14,437

17,697

Other creditors

9,541

14,463

23,978

32,160

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

784,818

857,670

9.

RESERVES

Revaluation

reserve

£

At 1st April 2024

and 31st March 2025

17,117

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the amount owed to a company in which the directors hold a participating interest in was £784,818 (2024: £857,670) . The loan is unsecured, interest free and has no fixed repayment date.