REGISTERED NUMBER: 06526306 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Chelepis Watson Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G T Georgiou

T J Keeley

REGISTERED OFFICE:

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

REGISTERED NUMBER:

06526306 (England and Wales)

FIXED ASSETS

Tangible assets

5

-

493

Investments

6

500

500

500

993

CURRENT ASSETS

Debtors

7

107,334

428,930

Cash at bank and in hand

5,358

28,778

112,692

457,708

CREDITORS

Amounts falling due within one year

8

74,954

90,801

NET CURRENT ASSETS

37,738

366,907

TOTAL ASSETS LESS CURRENT LIABILITIES

38,238

367,900

CREDITORS

Amounts falling due after more than one year

9

16,667

66,667

NET ASSETS

21,571

301,233

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

21,471

301,133

SHAREHOLDERS' FUNDS

21,571

301,233

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 30 December 2025 and were signed on its behalf by:

G T Georgiou - Director

1.	STATUTORY INFORMATION

Chelepis Watson Ltd 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

In respect of on-going service engagements, turnover represents the value of work done at the period end date, after making due allowances for unrecoverable amounts.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 6 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

326

990

1,316

Disposals

(326

)

(990

)

(1,316

)

At 31 March 2025

-

-

-

DEPRECIATION

At 1 April 2024

163

660

823

Charge for year

62

247

309

Eliminated on disposal

(225

)

(907

)

(1,132

)

At 31 March 2025

-

-

-

NET BOOK VALUE

At 31 March 2025

-

-

-

At 31 March 2024

163

330

493

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

500

NET BOOK VALUE

At 31 March 2025

500

At 31 March 2024

500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

26,205

70,810

Amounts owed by group undertakings

81,129

356,129

Other debtors

-

1,991

107,334

428,930

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

50,000

50,000

Trade creditors

6,973

19,077

Amounts owed to group undertakings

6,810

1,850

Taxation and social security

8,250

15,605

Other creditors

2,921

4,269

74,954

90,801

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

16,667

66,667

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1,000

Ordinary

10p

100

100

11.	ULTIMATE CONTROLLING PARTY

Throughout the year, the company was under the control of its immediate parent company, CWF Group Ltd, a company incorporated in England and Wales.