ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

Registered number: 04450795

CHISEL HILL LIMITED

Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2025

CHISEL HILL LIMITED

Company Information

Director	J R Greaves


Company secretary	Mrs C E Cooper


Registered number	04450795


Registered office	73 Longedge Lane
	Wingerworth
	Chesterfield
	Derbyshire
	S42 6PH


Trading Address	73 Longedge Lane
	Wingerworth
	Chesterfield
	Derbyshire
	S42 6PH

CHISEL HILL LIMITED

Registered number: 04450795

Balance sheet

As at 31 March 2025

		2025		2024
Note		£		£

Fixed assets
Investments		625,000		625,000
		625,000		625,000

Creditors: amounts falling due within one year	(98,456)		(74,650)
Net current liabilities		(98,456)		(74,650)
Total assets less current liabilities		526,544		550,350
Creditors: amounts falling due after more than one year		(558,447)		(558,447)
Net liabilities		(31,903)		(8,097)

Capital and reserves
Called up share capital	7	100	100
Profit and loss account	8	(32,003)	(8,197)
		(31,903)	(8,097)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 December 2025.

J R Greaves

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

CHISEL HILL LIMITED

Notes to the financial statements

For the year ended 31 March 2025

1.	General information

Chisel Hill Limited is a company limited by shares incorpoarated in England within the United Kingdom. The address of the registered office is given in the company information page of these financial statements.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

CHISEL HILL LIMITED

Notes to the financial statements

For the year ended 31 March 2025

2.Accounting policies (continued)

2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 -2).

Page 3

CHISEL HILL LIMITED

Notes to the financial statements

For the year ended 31 March 2025

4.	Investment property

		Long term leasehold investment property
		£
	Valuation
	At 1 April 2024	625,000
	At 31 March 2025	625,000

The 2025 valuations were made by the director, on an open market value basis.

The valuations have not changed since the 2024 valuations made by Blundells Centro, Sheffield, Property Valuers. In the opinion of the director, the market in the areas of the properties has remained stagnant.

5.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	558,447	558,447
	558,447	558,447




Amounts falling due after more than 5 years
Bank loans	558,447	558,447
	558,447	558,447
	558,447	558,447

The bank loans are secured by legal charges over the company's investment properties.

Page 4

CHISEL HILL LIMITED

Notes to the financial statements

For the year ended 31 March 2025

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 -100) Ordinary shares of £1.00 each	100	100

Reserves

Profit and loss account

Ther balance on the profit and loss account includes an amount of £Nil (2024 - £Nil) which is undistributable.

9.	Transactions with directors

The company operates a directors current account with the sole director which is unsecured, interest free and repayable on demand.

At the financial year end, the company owed £93,524 (2024 - £69,847) to the Director.

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