Registration number: 04747048

Charingworth Grange Developments Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 9

Charingworth Grange Developments Limited

Company Information

Directors

Mr Matthew James Ayres Ms Gabriella Rose Ayres

Company secretary

Mr Stephen Thomas Ayres

Registered office

4 South Bar Street Banbury Oxfordshire OX16 9AA

Accountants

ReesRussell Chartered Accountants4 South Bar Street Banbury Oxfordshire OX16 9AA

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Charingworth Grange Developments Limited
for the Year Ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Charingworth Grange Developments Limited for the year ended 30 April 2025 as set out on pages 3 to 9 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 at
http://www.icaew.com/regulation.

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

It is your duty to ensure that Charingworth Grange Developments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Charingworth Grange Developments Limited. You consider that Charingworth Grange Developments 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 accounts of Charingworth Grange Developments 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 accounts.

......................................

ReesRussell
Chartered Accountants
4 South Bar Street
Banbury
Oxfordshire
OX16 9AA

12 January 2026

Charingworth Grange Developments Limited

(Registration number: 04747048)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	9,408	11,068
Current assets
Stocks	5	1,435,984	1,433,056
Debtors	6	335	-
Cash at bank and in hand		1,712	1,687
		1,438,031	1,434,743
Creditors: Amounts falling due within one year	7	(922,616)	(912,455)
Net current assets		515,415	522,288
Total assets less current liabilities		524,823	533,356
Creditors: Amounts falling due after more than one year	7	(493,466)	(535,792)
Net assets/(liabilities)		31,357	(2,436)
Capital and reserves
Called up share capital		100	100
Retained earnings		31,257	(2,536)
Shareholders' funds/(deficit)		31,357	(2,436)

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 January 2026 and signed on its behalf by:
 

Charingworth Grange Developments Limited

(Registration number: 04747048)
Balance Sheet as at 30 April 2025

......................................... Mr Matthew James Ayres Director

Charingworth Grange Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
4 South Bar Street
Banbury
Oxfordshire
OX16 9AA
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	15% reducing balance basis
Motor Vehicles	25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Charingworth Grange Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Charingworth Grange Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Charingworth Grange Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 May 2024	39,589	39,589
At 30 April 2025	39,589	39,589
Depreciation
At 1 May 2024	28,521	28,521
Charge for the year	1,660	1,660
At 30 April 2025	30,181	30,181
Carrying amount
At 30 April 2025	9,408	9,408
At 30 April 2024	11,068	11,068

5

Stocks

	2025 £	2024 £
Other inventories	1,435,984	1,433,056

6

Debtors

Current	2025 £	2024 £
Other debtors	335	-
	335	-

7

Creditors

Creditors: amounts falling due within one year

Charingworth Grange Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

	Note	2025 £	2024 £
Due within one year
Bank loans and director's loans	8	39,648	36,970
Taxation and social security		-	224
Accruals and deferred income		9,150	9,100
Other creditors		873,818	866,161
		922,616	912,455

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	493,466	535,792

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	493,466	535,792

	2025 £	2024 £
Current loans and borrowings
Bank borrowings	39,648	36,970