REGISTERED NUMBER: 01296541 (England and Wales)

J.W. CHALLIS & CO. LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr C J King

REGISTERED OFFICE:

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

REGISTERED NUMBER:

01296541 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

King Arthur's Court

Maidstone Road

Charing

Kent

TN27 0JS

FIXED ASSETS

Tangible assets

4

170,000

170,000

CURRENT ASSETS

Cash at bank

229

230

CREDITORS

Amounts falling due within one year

5

(58,669

)

(63,639

)

NET CURRENT LIABILITIES

(58,440

)

(63,409

)

TOTAL ASSETS LESS CURRENT LIABILITIES

111,560

106,591

CAPITAL AND RESERVES

Called up share capital

300

300

Revaluation reserve

7

59,233

59,233

Capital redemption reserve

7

700

700

Retained earnings

7

51,327

46,358

SHAREHOLDERS' FUNDS

111,560

106,591

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 29 April 2026 and were signed by:

Mr C J King - Director

1.	STATUTORY INFORMATION

J.W. Challis & Co. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 September 2024

and 31 August 2025

170,000

NET BOOK VALUE

At 31 August 2025

170,000

At 31 August 2024

170,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Corporation Tax

3,076

1,794

Directors' current accounts

54,512

60,920

Accrued expenses

1,081

925

58,669

63,639

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Debenture comprising fixed and floating charges over all the assets and undertakings of J W Challis & Co Limited including all present and future freehold and leasehold property, book and other debts, chattel, goodwill and uncalled capital, both present and future.

First legal mortgage over the freehold property of J W Challis & Co Limited known as Unit 45a, Joseph Wilson Industrial Estate, Millstrood Road, Whitstable, Kent.

7.

RESERVES

Capital

Retained

Revaluation

redemption

earnings

reserve

reserve

Totals

£

£

£

£

At 1 September 2024

46,358

59,233

700

106,291

Profit for the year

5,469

5,469

Dividends

(500

)

(500

)

At 31 August 2025

51,327

59,233

700

111,260

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr C J King.

The ultimate controlling party is Mr C J King.

The company is ultimately controlled by Mr C King, a director and majority shareholder of the company.