REGISTERED NUMBER: 05405754 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CHURCHILLS OF DEREHAM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs B L Hall

SECRETARY:

Mrs B L Hall

REGISTERED OFFICE:

Wensum Valley Golf

and Country Club

Beech Avenue, Taverham

Norwich

Norfolk

NR8 6HP

REGISTERED NUMBER:

05405754 (England and Wales)

ACCOUNTANTS:

R J Crane & Co Limited

Chartered Certified Accountants

37a Quebec Street

Dereham

Norfolk

NR19 2DJ

FIXED ASSETS

Intangible assets

4

-

33,810

Tangible assets

5

996,386

1,017,237

Investment property

6

669,194

669,194

1,665,580

1,720,241

CURRENT ASSETS

Stocks

480,961

410,848

Debtors

7

21,909

45,537

Cash at bank and in hand

65,303

26,756

568,173

483,141

CREDITORS

Amounts falling due within one year

8

369,658

283,125

NET CURRENT ASSETS

198,515

200,016

TOTAL ASSETS LESS CURRENT LIABILITIES

1,864,095

1,920,257

CREDITORS

Amounts falling due after more than one year

9

(999,991

)

(1,155,648

)

PROVISIONS FOR LIABILITIES

(3,789

)

(5,481

)

NET ASSETS

860,315

759,128

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

860,313

759,126

SHAREHOLDERS' FUNDS

860,315

759,128

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 director acknowledges her 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 30 December 2025 and were signed by:

Mrs B L Hall - Director

1.	STATUTORY INFORMATION

Churchills of Dereham 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 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

20% on reducing balance and 15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

338,085

AMORTISATION

At 1 April 2024

304,275

Charge for year

33,810

At 31 March 2025

338,085

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

33,810

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

1,074,439

147,298

1,221,737

Additions

-

2,403

2,403

Disposals

-

(50,348

)

(50,348

)

At 31 March 2025

1,074,439

99,353

1,173,792

DEPRECIATION

At 1 April 2024

95,448

109,052

204,500

Charge for year

10,744

5,069

15,813

Eliminated on disposal

-

(42,907

)

(42,907

)

At 31 March 2025

106,192

71,214

177,406

NET BOOK VALUE

At 31 March 2025

968,247

28,139

996,386

At 31 March 2024

978,991

38,246

1,017,237

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

669,194

NET BOOK VALUE

At 31 March 2025

669,194

At 31 March 2024

669,194

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

669,194

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

669,194

669,194

Investment property was valued on an open market basis on 31 March 2025 by the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

13,362

39,425

Other debtors

8,547

6,112

21,909

45,537

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

147,295

148,629

Trade creditors

152,203

86,173

Taxation and social security

40,617

20,003

Other creditors

29,543

28,320

369,658

283,125

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

484,094

605,149

Other creditors

515,897

550,499

999,991

1,155,648

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

82,413

154,801

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

631,389

753,778