House of Chaplin Ltd

House of Chaplin Ltd
Balance Sheet
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	8,700	6,750
Tangible fixed assets	4	57,341	53,868
		66,041	60,618
Current assets
Debtors		33,240	35,460
Cash at bank and in hand		7,667	1,454
		40,907	36,914
Creditors: amount falling due within one year		(87,123)	(88,054)
Net current assets		(46,216)	(51,140)

Total assets less current liabilities		19,825	9,478
Net assets		19,825	9,478

Capital and reserves
Called up share capital		100	100
Profit and loss account		19,725	9,378
Shareholders' funds		19,825	9,478

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 30 April 2026 and were signed by:

-------------------------------
Chris Ryder
Director

House of Chaplin Ltd
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

House of Chaplin Ltd is a private company, limited by shares, registered in England and Wales, registration number 13279676, registration address 2 Morwenna Terrace, Bude, EX23 8BU.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	15 years Straight Line
Plant and Machinery	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance

2.	Average number of employees Average number of employees during the year was 5 (2024 : 7).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 April 2024	7,500	7,500
Additions	3,000	3,000
Disposals	-	-
At 31 March 2025	10,500	10,500
Amortisation
At 01 April 2024	750	750
Charge for year	1,050	1,050
On disposals	-	-
At 31 March 2025	1,800	1,800
Net book values
At 31 March 2025	8,700	8,700
At 31 March 2024	6,750	6,750

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Fixtures and Fittings	Total
	£	£	£	£
At 01 April 2024	53,500	5,788	10,281	69,569
Additions	-	12,580	-	12,580
Disposals	-	-	-	-
At 31 March 2025	53,500	18,368	10,281	82,149
Depreciation
At 01 April 2024	9,214	2,075	4,412	15,701
Charge for year	3,567	4,073	1,467	9,107
On disposals	-	-	-	-
At 31 March 2025	12,781	6,148	5,879	24,808
Net book values
Closing balance as at 31 March 2025	40,719	12,220	4,402	57,341
Opening balance as at 01 April 2024	44,286	3,713	5,869	53,868

Advances and Credits

Director's Current Account

Current year (2025)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
Director's Current Account	30,801		-		-		5,949		-		-		24,852
	30801		0		0		5949		0		0		24852

Previous year (2024)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
Director's Current Account	-		30,801		-		-		-		-		30,801
	0		30801		0		0		0		0		30801

Registered Number: 13279676
England and Wales
HOUSE OF CHAPLIN LTD

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025