REGISTERED NUMBER: 05379315 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

CHANNEL WOODCRAFT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Bonomy

I J Mather

D M Bonomy

Mrs J A Wray

REGISTERED OFFICE:

The Farmhouse

Yew Tree Farm

Stone Street

Stanford North

Kent

TN25 6DH

REGISTERED NUMBER:

05379315 (England and Wales)

ACCOUNTANTS:

Cassidys Chartered Accountants

South Stour Offices

South Stour Road

Mersham

Ashford

Kent

TN25 7HS

FIXED ASSETS

Tangible assets

4

1,251

231

Investments

5

938,650

451,500

Investment property

6

2,003,308

2,435,250

2,943,209

2,886,981

CURRENT ASSETS

Debtors

7

42,011

48,237

Cash at bank

215,495

31,341

257,506

79,578

CREDITORS

Amounts falling due within one year

8

59,688

84,467

NET CURRENT ASSETS/(LIABILITIES)

197,818

(4,889

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,141,027

2,882,092

CREDITORS

Amounts falling due after more than one year

9

-

(282,750

)

PROVISIONS FOR LIABILITIES

10

(212,438

)

(192,755

)

NET ASSETS

2,928,589

2,406,587

CAPITAL AND RESERVES

Called up share capital

148,489

148,489

Retained earnings

2,780,100

2,258,098

SHAREHOLDERS' FUNDS

2,928,589

2,406,587

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 12 November 2025 and were signed on its behalf by:

S J Bonomy - Director

1.	STATUTORY INFORMATION

Channel Woodcraft 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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

-

at varying rates on cost

Fixtures and fittings

-

at variable rates on reducing balance

Computer equipment

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Investment property

Investment properties are included in the balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

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.

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.

Investments

Investments in subsidiary and associated undertakings are valued at cost less provision for impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

17,343

Additions

1,304

Disposals

(15,643

)

At 31 August 2025

3,004

DEPRECIATION

At 1 September 2024

17,112

Charge for year

284

Eliminated on disposal

(15,643

)

At 31 August 2025

1,753

NET BOOK VALUE

At 31 August 2025

1,251

At 31 August 2024

231

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 September 2024

599,991

Revaluations

181,002

Reclassification/transfer

306,148

At 31 August 2025

1,087,141

PROVISIONS

At 1 September 2024

and 31 August 2025

148,491

NET BOOK VALUE

At 31 August 2025

938,650

At 31 August 2024

451,500

Cost or valuation at 31 August 2025 is represented by:

Shares in

group

undertakings

£

Valuation in 2025

181,002

Cost

906,139

1,087,141

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

2,435,250

Disposals

(48,620

)

Revaluations

(77,174

)

Reclassification/transfer

(306,148

)

At 31 August 2025

2,003,308

NET BOOK VALUE

At 31 August 2025

2,003,308

At 31 August 2024

2,435,250

Fair value at 31 August 2025 is represented by:

£

Valuation in 2009

300,000

Valuation in 2010

514,959

Valuation in 2011

(115,616

)

Valuation in 2020

(183,750

)

Valuation in 2021

500,000

Valuation in 2025

(77,174

)

Cost

1,064,889

2,003,308

The properties were revalued as at 31st August 2021, by Smith Woolley Chartered Surveyors & Estate Agents at a value of £2,825,832. The directors have taken the view of prudence and revalued the properties at £2,003,308.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Other debtors

42,011

48,237

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

-

39,000

Taxation and social security

22,423

14,246

Other creditors

37,265

31,221

59,688

84,467

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

-

282,750

10.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

212,438

192,755

Deferred

tax

£

Balance at 1 September 2024

192,755

Provided during year

19,683

Balance at 31 August 2025

212,438

11.	PENSION COMMITMENTS

The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge for the period amounts to £4,316 (2024 - £4,240) and represents contributions payable by the company to the fund.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £154,009 (2024 - £17,546) were paid to the directors .