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REGISTERED NUMBER: SC172877 (Scotland)

| The Chippendale School of Furniture |

| Unaudited Financial Statements |

| for the Year Ended 31 July 2025 |

| The Chippendale School of Furniture (Registered number: SC172877) |

Contents of the Financial Statements

for the Year Ended 31 July 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| The Chippendale School of Furniture |

Company Information

for the Year Ended 31 July 2025

| DIRECTORS: | A H Fraser

| P A Fraser

| T A Fraser

| S Fraser

| SECRETARY: | A H Fraser

| REGISTERED OFFICE: | Myreside Grange

| Haddington

| East Lothian

| EH41 4JA

| REGISTERED NUMBER: | SC172877 (Scotland)

| ACCOUNTANTS: | Whitelaw Wells

| The Lighthouse

| Heugh Road

| North Berwick

| EH39 5PX

| The Chippendale School of Furniture (Registered number: SC172877) |

Balance Sheet

31 July 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 129,002 |  | 134,387 |  |

CURRENT ASSETS

Stocks | 66,290 |  | 48,568 |  |

Debtors | 5 | 2,259 |  | 988 |  |

Cash at bank | 25,561 |  | 9,575 |  |

94,110 |  | 59,131 |  |

CREDITORS

Amounts falling due within one year | 6 | 307,769 |  | 178,447 |  |

NET CURRENT LIABILITIES | (213,659 | ) | (119,316 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (84,657 | ) | 15,071 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | 2,536 |  |

NET (LIABILITIES)/ASSETS | (84,657 | ) | 12,535 |  |

RESERVES

Income and expenditure account | (84,657 | ) | 12,535 |  |

(84,657 | ) | 12,535 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 surplus or deficit 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 Chippendale School of Furniture (Registered number: SC172877) |

Balance Sheet - continued

31 July 2025

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 9 March 2026 and were signed on its behalf by:

A H Fraser - Director

| The Chippendale School of Furniture (Registered number: SC172877) |

Notes to the Financial Statements

for the Year Ended 31 July 2025

1. | STATUTORY INFORMATION

| The Chippendale School of Furniture is a private company, limited by guarantee , registered in Scotland. 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of teaching services.

| 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 | - | 10% on reducing balance

| Plant and machinery etc | - | 25% on cost and 25% on reducing balance

| Stocks

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

| 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.

| The Chippendale School of Furniture (Registered number: SC172877) |

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to surplus or deficit 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.

| Going concern

| The financial statements have been prepared on the going concern principle which assumes that the company will continue to trade in the foreseeable future. In order to do so the company will require the continued support of its directors and creditors. The directors will continue to support the company and are confident of the continued support of creditors.

| Provisions

| Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2024 - 9 ) .

| The Chippendale School of Furniture (Registered number: SC172877) |

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 August 2024 | 155,596 |  | 206,173 |  | 361,769 |  |

| Additions | - |  | 24,621 |  | 24,621 |  |

| At 31 July 2025 | 155,596 |  | 230,794 |  | 386,390 |  |

| DEPRECIATION

| At 1 August 2024 | 53,143 |  | 174,239 |  | 227,382 |  |

| Charge for year | 10,245 |  | 19,761 |  | 30,006 |  |

| At 31 July 2025 | 63,388 |  | 194,000 |  | 257,388 |  |

| NET BOOK VALUE

| At 31 July 2025 | 92,208 |  | 36,794 |  | 129,002 |  |

| At 31 July 2024 | 102,453 |  | 31,934 |  | 134,387 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | - |  | 580 |  |

| Other debtors | 2,259 |  | 408 |  |

2,259 |  | 988 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | - |  | 3,599 |  |

| Trade creditors | 9,817 |  | 21,258 |  |

| Taxation and social security | 4,649 |  | 785 |  |

| Other creditors | 293,303 |  | 152,805 |  |

307,769 |  | 178,447 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | - |  | 2,536 |  |