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Registration number: 03228855

Chichele Property Company (ASC) Limited
Filleted Financial Statements
for the Year Ended 31 July 2025

Chichele Property Company (ASC) Limited

Contents

Statement of Directors' Responsibilities | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 6

Chichele Property Company (ASC) Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

• | select suitable accounting policies and apply them consistently;

• | make judgements and accounting estimates that are reasonable and prudent;

• | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Chichele Property Company (ASC) Limited

(Registration number: 03228855)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 362,000 | 295,000
Current assets |  |  |
Debtors | 5 | 45,675 | 60,524
Cash at bank and in hand |  | 62,640 | 91,149
|  | 108,315 | 151,673
Creditors: Amounts falling due within one year | 6 | (108,329) | (151,687)
Net current liabilities |  | (14) | (14)
Net assets |  | 361,986 | 294,986
Capital and reserves |  |  |
Called up share capital | 7 | 97 | 97
Retained earnings |  | 361,889 | 294,889
Shareholders' funds |  | 361,986 | 294,986

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 6 December 2025 and signed on its behalf by:

......................................... D J C Renton Director

Chichele Property Company (ASC) Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

1 | General information

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

The address of its registered office is:
All Souls College
High Street
Oxford
OX1 4AL

These financial statements were authorised for issue by the Board on 6 December 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 8 December 2025 was Robert Kirtland, who signed for and on behalf of Gravita Audit Oxford LLP.

Revenue recognition

Turnover represents income generated from the investment property in the year. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Chichele Property Company (ASC) Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

Tax

No provision for Corporation Tax has been made on the Company's profit for the year due to the distribution of all the Company's tax adjusted profits for the year under gift aid to its ultimate charitable parent undertaking within nine months of the year end. The Company has implemented FRS 102 paragraphs 29.14A.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Trade debtors

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

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.

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 (excluding directors who are not remunerated) during the year, was 0 (2024 - 0).

Chichele Property Company (ASC) Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

4 | Investment properties

| 2025 £
At 1 August 2024 | 295,000
Fair value adjustments | 67,000
At 31 July 2025 | 362,000

The investment property was valued on 31st July 2025 by Savills. The basis of the valuation was open market value. Savills are of the opinion that the market value of the property at the end of July 2025 was £362,000 (2024: £295,000).

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 36,614 | 60,524
Accrued income owed from group undertakings | 9,061 | -
| 45,675 | 60,524

Chichele Property Company (ASC) Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Amounts owed to group undertakings | 8 | 100,945 | 144,549
Accruals and deferred income |  | 7,384 | 7,138
|  | 108,329 | 151,687

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 97 | 97 | 97 | 97

8 | Ultimate parent undertaking and controlling party

The ultimate parent undertaking of this company is All Souls College in the University of Oxford.