REGISTERED NUMBER: 11893313 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 March 2025

for

Chapman Estates (Leicester) Limited

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mrs V A Jinks

Mrs C F J Jackson

Mr G F Chapman

Mr R B Palmer

Mr R A H Kenlock

REGISTERED OFFICE:

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

REGISTERED NUMBER:

11893313 (England and Wales)

ACCOUNTANTS:

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chapman Estates (Leicester) Limited for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Chapman Estates (Leicester) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chapman Estates (Leicester) Limited and state those matters that we have agreed to state to the Board of Directors of Chapman Estates (Leicester) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chapman Estates (Leicester) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chapman Estates (Leicester) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Chapman Estates (Leicester) Limited. You consider that Chapman Estates (Leicester) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chapman Estates (Leicester) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

22 December 2025

CURRENT ASSETS

Stocks

2,467,185

2,779,930

Debtors

4

74,421

66,676

Cash at bank

368,761

356,264

2,910,367

3,202,870

CREDITORS

Amounts falling due within one year

5

1,823,750

119,496

NET CURRENT ASSETS

1,086,617

3,083,374

TOTAL ASSETS LESS CURRENT LIABILITIES

1,086,617

3,083,374

CREDITORS

Amounts falling due after more than one year

6

133,000

1,633,000

NET ASSETS

953,617

1,450,374

CAPITAL AND RESERVES

Called up share capital

8

25,000

25,000

Share premium

9

-

1,812,221

Retained earnings

9

928,617

(386,847

)

SHAREHOLDERS' FUNDS

953,617

1,450,374

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 22 December 2025 and were signed on its behalf by:

Mrs C F J Jackson - Director

1.	STATUTORY INFORMATION

Chapman Estates (Leicester) 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.

On 4 October 2020 the company obtained land stock as part of a demerger, when the shareholders received new shares in relation to the transfer of stock.

Under FRS 102 the issue of equity should be accounted for as the fair value of resources received. Hence a share premium is created on issue and acquisition of the land stock. On this basis the land stock is initially recognised at fair value at the date of issue of the new shares.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, value added tax and other sales taxes. Turnover includes income from rent, land sales and residential development sales.

Income from farming activities are recognised when received. Income from rent is recognised when the rent is received or receivable from the rental properties. Land sales is recognised when the sale of land is completed.

Stocks

Stock of land is valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 - 1 ).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

4,290

Other debtors

10,000

-

Amounts owed from Anstey Pastures Limited

22,254

20,647

Amounts owed from Manor Farm

(Leicester) Limited

38,807

36,853

Amounts owed from Brickyard

Farm Limited

3,360

-

VAT

-

4,886

74,421

66,676

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other loans

1,500,000

-

Trade creditors

3,434

12,578

VAT

91

-

Other creditors

873

3,677

Accruals and deferred income

319,352

103,241

1,823,750

119,496

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other loans

133,000

1,633,000

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Other loans

1,633,000

1,633,000

Other loans are secured by a legal charge over land known as Whetstone Golf Course and land at Laurel Farm which is held by a related party company, Laurel Farm Meadows Limited, under the same ownership.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

25,000

Ordinary

£1

25,000

25,000

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 April 2024

(386,847

)

1,812,221

1,425,374

Deficit for the year

(160,757

)

(160,757

)

Dividend in specie

(336,000

)

-

(336,000

)

Transfer

1,812,221

(1,812,221

)

-

At 31 March 2025

928,617

-

928,617

10.	RELATED PARTY DISCLOSURES

Included in debtors and creditors are balances with related party companies, which have common ownership and directors. The balances are interest free and will only be recalled when the borrowing company has the ability to repay them.