REGISTERED NUMBER: 01067169 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

ROGER BITMEAD (CHOLSEY) 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:

01067169 (England and Wales)

ACCOUNTANTS:

Martin and Company

Two Brewers House

50 North Street

Thame

Oxfordshire

OX9 3BH

FIXED ASSETS

Tangible assets

4

1,580,117

1,585,618

Investments

5

150,069

150,069

1,730,186

1,735,687

CURRENT ASSETS

Stocks

1,704

1,704

Debtors

6

785,206

858,039

Investments

7

(367,070

)

(369,789

)

Cash at bank

1,589,131

1,575,969

2,008,971

2,065,923

CREDITORS

Amounts falling due within one year

8

468,833

492,603

NET CURRENT ASSETS

1,540,138

1,573,320

TOTAL ASSETS LESS CURRENT LIABILITIES

3,270,324

3,309,007

CREDITORS

Amounts falling due after more than one year

9

(774,609

)

(801,297

)

PROVISIONS FOR LIABILITIES

(8,488

)

(9,861

)

NET ASSETS

2,487,227

2,497,849

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

2,477,227

2,487,849

SHAREHOLDERS' FUNDS

2,487,227

2,497,849

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 Statement of Income and Retained Earnings 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

Mrs M P Bitmead - Director

1.	STATUTORY INFORMATION

Roger Bitmead (Cholsey) 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.

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.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 2% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2024

1,546,174

515,740

2,061,914

Disposals

-

(1,000

)

(1,000

)

At 31st March 2025

1,546,174

514,740

2,060,914

DEPRECIATION

At 1st April 2024

-

476,296

476,296

Charge for year

-

5,500

5,500

Eliminated on disposal

-

(999

)

(999

)

At 31st March 2025

-

480,797

480,797

NET BOOK VALUE

At 31st March 2025

1,546,174

33,943

1,580,117

At 31st March 2024

1,546,174

39,444

1,585,618

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st April 2024

and 31st March 2025

150,069

NET BOOK VALUE

At 31st March 2025

150,069

At 31st March 2024

150,069

The investment represents the company's share in the capital of the Bitmead Cholsey Partnership.

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Other debtors

388

369

2025

2024

£

£

Amounts falling due after more than one year:

Other debtors

784,818

857,670

Aggregate amounts

785,206

858,039

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

(367,070

)

(369,789

)

The current asset investment represents the company's current account in the Bitmead Cholsey Partnership in which it is a partner. This includes the company's share of profit or losses and any remaining unpaid costs or income between the partnership and the company.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

26,184

25,256

Trade creditors

124

34

Taxation and social security

22,154

26,088

Other creditors

420,371

441,225

468,833

492,603

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

774,609

801,297

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

800,793

826,553

The Agricultural Mortgage Corporation Plc have a charge over land at Hithercroft Farm, Cholsey, Wallingford.

11.	RELATED PARTY DISCLOSURES

Included within debtors due over one year is an amount of £784,818 (2024: £857,670) due from a company under common control.

The following advances and credits to directors subsisted during the year ended 31st March 2025, included within other creditors due within one year:

2024

2025

£

£

Balance outstanding at start of period

(436,633

)

(88,540

)

Amounts repaid

(20,700

)

(798,093

)

Amounts advanced

40,113

450,000

Balance outstanding at the end of period

(417,220

)

(436,633

)

Both these loans are unsecured, interest free and have no fixed repayment date.