Silverfin false false 31/10/2025 01/11/2024 31/10/2025 Ms L R Cooke 24/05/1993 Mr C S C Cooke 24/05/1993 Mr C S G Cooke 22/03/2021 13 April 2026 The principal activity of the company continued to be property investment. 02820044 2025-10-31 02820044 bus:Director1 2025-10-31 02820044 bus:Director2 2025-10-31 02820044 bus:Director3 2025-10-31 02820044 2024-10-31 02820044 core:CurrentFinancialInstruments 2025-10-31 02820044 core:CurrentFinancialInstruments 2024-10-31 02820044 core:Non-currentFinancialInstruments 2025-10-31 02820044 core:Non-currentFinancialInstruments 2024-10-31 02820044 core:ShareCapital 2025-10-31 02820044 core:ShareCapital 2024-10-31 02820044 core:FurtherSpecificReserve1ComponentTotalEquity 2025-10-31 02820044 core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 02820044 core:RetainedEarningsAccumulatedLosses 2025-10-31 02820044 core:RetainedEarningsAccumulatedLosses 2024-10-31 02820044 core:OtherPropertyPlantEquipment 2024-10-31 02820044 core:OtherPropertyPlantEquipment 2025-10-31 02820044 bus:OrdinaryShareClass1 2025-10-31 02820044 2024-11-01 2025-10-31 02820044 bus:FilletedAccounts 2024-11-01 2025-10-31 02820044 bus:SmallEntities 2024-11-01 2025-10-31 02820044 bus:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 02820044 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 02820044 bus:Director1 2024-11-01 2025-10-31 02820044 bus:Director2 2024-11-01 2025-10-31 02820044 bus:Director3 2024-11-01 2025-10-31 02820044 core:OtherPropertyPlantEquipment 2024-11-01 2025-10-31 02820044 2023-11-01 2024-10-31 02820044 bus:OrdinaryShareClass1 2024-11-01 2025-10-31 02820044 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 02820044 (England and Wales)

# CHLEO LTD

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH THE REGISTRAR

CHLEO LTD

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025

Contents

CHLEO LTD

## COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025
CHLEO LTD

## COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025

DIRECTORS | Ms L R Cooke
| Mr C S C Cooke
| Mr C S G Cooke

SECRETARY | Ms L R Cooke

REGISTERED OFFICE | Orpenham Farm
| Winding Wood
| Kintbury
| Hungerford
| RG17 9RJ
| United Kingdom

COMPANY NUMBER | 02820044 (England and Wales)

ACCOUNTANT | Shaw Gibbs Limited
| 264 Banbury Road
| Oxford
| OX2 7DY
| United Kingdom

CHLEO LTD

## BALANCE SHEET

AS AT 31 OCTOBER 2025
CHLEO LTD

## BALANCE SHEET (continued)

AS AT 31 OCTOBER 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 514 |  | 685
Investment property | 5 | 4,454,975 |  | 4,859,091
|  | 4,455,489 |  | 4,859,776
Current assets |  |  |  |
Cash at bank and in hand | 6 | 524,962 |  | 61,107
|  | 524,962 |  | 61,107
Creditors: amounts falling due within one year | 7 | ( 220,198) |  | ( 169,562)
Net current assets/(liabilities) |  | 304,764 |  | (108,455)
Total assets less current liabilities |  | 4,760,253 |  | 4,751,321
Creditors: amounts falling due after more than one year | 8 | ( 1,066,417) |  | ( 1,211,585)
Provision for liabilities |  | ( 366,227) |  | ( 393,409)
Net assets |  | 3,327,609 |  | 3,146,327
Capital and reserves |  |  |  |
Called-up share capital | 9 | 22,002 |  | 22,002
Fair value reserve | 11 | 1,479,093 |  | 1,600,460
Profit and loss account |  | 1,826,514 |  | 1,523,865
Total shareholders' funds |  | 3,327,609 |  | 3,146,327

For the financial year ending 31 October 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Chleo Ltd (registered number: 02820044) were approved and authorised for issue by the Board of Directors on 13 April 2026. They were signed on its behalf by:

Ms L R Cooke Director |  | Mr C S C Cooke Director

CHLEO LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025
CHLEO LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Chleo Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Orpenham Farm, Winding Wood, Kintbury, Hungerford, RG17 9RJ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received when renting out the investment properties.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

##### Taxation

Current tax
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.
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.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 25 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

#### 2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

#### 3. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 3

#### 4. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 November 2024 | 3,442 |  | 3,442
At 31 October 2025 | 3,442 |  | 3,442
Accumulated depreciation |  |  |
At 01 November 2024 | 2,757 |  | 2,757
Charge for the financial year | 171 |  | 171
At 31 October 2025 | 2,928 |  | 2,928
Net book value |  |  |
At 31 October 2025 | 514 |  | 514
At 31 October 2024 | 685 |  | 685

#### 5. Investment property

| Investment property
| £
Valuation |
As at 01 November 2024 | 4,859,091
Disposals | (404,116)
As at 31 October 2025 | 4,454,975

Valuation

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors, who are not professionally qualified valuers, but have recent experience in the location and class of investment property being revalued. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historic cost | 2,609,630 |  | 2,755,556

#### 6. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 132,943 |  | 36,458
Short-term deposits | 392,019 |  | 24,649
| 524,962 |  | 61,107

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Accruals | 132,840 |  | 125,926
Taxation and social security | 87,358 |  | 43,636
| 220,198 |  | 169,562

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to directors | 1,066,417 |  | 1,211,585

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
22,002 Ordinary shares of £ 1.00 each | 22,002 |  | 22,002

#### 10. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts owed to directors included in non-current creditors | 1,066,417 |  | 1,211,585

Interest of £76,000 (2024: £68,000) was charged in the year.

#### 11. Fair value reserve

| 2025 |  | 2024
| £ |  | £
At the beginning of the year | 1,600,460 |  | 1,600,460
Movements to retained earnings | (148,506) |  | 0
Deferred tax released on sold property | 27,139 |  | 0
| 1,479,093 |  | 1,600,460