REGISTERED NUMBER: 03813813 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

CHANTECLAIRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr B Gaertner

SECRETARY:

Mr B Gaertner

REGISTERED OFFICE:

DO NOT USE The Roundels

Sissinghurst Road

Biddenden

Ashford

Kent

TN27 8EX

REGISTERED NUMBER:

03813813 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

2 The Links

HERNE BAY

Kent

CT6 7GQ

FIXED ASSETS

Tangible assets

5

25,037

30,271

CURRENT ASSETS

Stocks

6

4,287,327

3,453,548

Debtors

7

124,997

148,177

Cash at bank

65

65

4,412,389

3,601,790

CREDITORS

Amounts falling due within one year

8

4,917,352

4,126,300

NET CURRENT LIABILITIES

(504,963

)

(524,510

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(479,926

)

(494,239

)

CREDITORS

Amounts falling due after more than one year

9

86,164

38,926

NET LIABILITIES

(566,090

)

(533,165

)

CAPITAL AND RESERVES

Called up share capital

11

2,000

2,000

Retained earnings

(568,090

)

(535,165

)

SHAREHOLDERS' FUNDS

(566,090

)

(533,165

)

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 director acknowledges his 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 director and authorised for issue on 22nd December 2025 and were signed by:

Mr B Gaertner - Director

1.	STATUTORY INFORMATION

Chanteclaire 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax. Sales of property are recognised on exchange of contract.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on a straight line basis

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Interest on loans taken out specifically to fund the development is included in expenditure recorded within work in progress.

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.

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.

Going concern

The lenders have confirmed that the loans included in other creditors will be repayable in more than one year from the date of the approval of the accounts and would only be repayable on demand in exceptional circumstances. Therefore, although these loans are recorded as short term liabilities, the directors would not expect them to be repaid for at least 12 months. The directors' expectations are that the development properties held within stock will be sold for in excess of their carrying value and any sale would cover the net liabilities of the company. As a result, the accounts have been prepared on a going concern basis.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2024

and 31st March 2025

133,423

21,483

15,083

169,989

DEPRECIATION

At 1st April 2024

107,590

17,659

14,469

139,718

Charge for year

3,876

956

402

5,234

At 31st March 2025

111,466

18,615

14,871

144,952

NET BOOK VALUE

At 31st March 2025

21,957

2,868

212

25,037

At 31st March 2024

25,833

3,824

614

30,271

6.

STOCKS

2025

2024

£

£

Work in progress

4,287,327

3,453,548

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,600

5,000

Other debtors

119,397

143,177

124,997

148,177

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,908,622

1,358,404

Trade creditors

646,692

565,948

Taxation and social security

23,961

6,217

Other creditors

2,338,077

2,195,731

4,917,352

4,126,300

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

26,414

26,926

Other creditors

59,750

12,000

86,164

38,926

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

MSP Capital Ltd

1,856,602

1,304,434

MSP Capital Ltd hold charges over land owned by the company in which they have released funds to enable further development.

11.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

2,000

Ordinary

£1

2,000

2,000

12.	RELATED PARTY DISCLOSURES

Mr B Gaertner is also a Director in the company The Cranbrook Bakery Ltd, of which the following transactions exist.

Within other debtors is £107,000 (2024 - £137,000) owed from The Cranbrook Bakery Ltd.

Within Work in Progress is £139,429 (2024 - £139,429) that is to be charged to the The Cranbrook Bakery Ltd for work undertaken.