Chins Up Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08691131

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,136,169		2,136,169

			2,136,169		2,136,169
CURRENT ASSETS
Debtors	5	156,556		156,556
Cash at bank and in hand		29,816		28,838

		186,372		185,394
Creditors: Amounts Falling Due Within One Year	6	(427,472 )		(460,230 )

NET CURRENT ASSETS (LIABILITIES)			(241,100 )		(274,836 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,895,069		1,861,333

Creditors: Amounts Falling Due After More Than One Year	7		(1,439,087 )		(1,405,200 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(143,906 )		-

NET ASSETS			312,076		456,133

CAPITAL AND RESERVES
Called up share capital	8		100		100
Revaluation reserve	9		-		575,624
Profit and Loss Account			311,976		(119,591 )

SHAREHOLDERS' FUNDS			312,076		456,133

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Chins Up Limited

Balance Sheet (continued)

As At 31 March 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Nicholas Grant

Director

21/11/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Chins Up Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08691131 . The registered office is 23 High Street, Bagshot, GU19 5AF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%
Fixtures & Fittings	20%

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	2,132,896	155,353	2,288,249

As at 31 March 2025	2,132,896	155,353	2,288,249

Depreciation
As at 1 April 2024	-	152,080	152,080

As at 31 March 2025	-	152,080	152,080

Net Book Value
As at 31 March 2025	2,132,896	3,273	2,136,169

As at 1 April 2024	2,132,896	3,273	2,136,169

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Chins Up Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	156,456	156,456
Amounts owed by group undertakings	100	100

	156,556	156,556

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	83	3,200
Accruals and deferred income	30,139	15,639
Director's loan account	100,879	170,112
Amounts owed to group undertakings	296,371	271,279

	427,472	460,230

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,439,087	1,405,200

All amounts due after 5 years relate to mortgages secured on individual properties and are all non-instalment debts. This could be subject to change as and when mortgages are renewed.

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Reserves

	Revaluation Reserve
	£
As at 1 April 2024	575,624
Transfer to profit and loss	(575,624 )

As at 31 March 2025	-

The revaluation reserve has been realised in the profit and loss in accordance with accoumting policies for investment properties

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