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Registration number: 09838334

Prepared for the registrar
Chiltern Referrals Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 October 2025

Chiltern Referrals Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 13

Chiltern Referrals Limited

Company Information

Directors | Ms S Randall Mr A Li

Registered office | Blueberry Farm Kingscroft Lane Warfield Bracknell Berkshire RG42 6JL

Accountants | Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX

Chiltern Referrals Limited

(Registration number: 09838334)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 4,429 | 12,013
Tangible assets | 5 | 368,280 | 351,119
Investments | 6 | 100 | 100
|  | 372,809 | 363,232
Current assets |  |  |
Stocks |  | 33,912 | 84,684
Debtors | 7 | 150,753 | 197,440
Cash at bank and in hand |  | 68,712 | 146,593
|  | 253,377 | 428,717
Creditors: Amounts falling due within one year | 8 | (327,328) | (216,929)
Net current (liabilities)/assets |  | (73,951) | 211,788
Total assets less current liabilities |  | 298,858 | 575,020
Creditors: Amounts falling due after more than one year | 8 | (267,049) | (267,175)
Deferred tax liabilities | 9 | 5,857 | (61,197)
Net assets |  | 37,666 | 246,648
Capital and reserves |  |  |
Called up share capital |  | 145,800 | 145,800
Retained earnings |  | (108,134) | 100,848
Shareholders' funds |  | 37,666 | 246,648

Chiltern Referrals Limited

(Registration number: 09838334)
Balance Sheet as at 31 October 2025

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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act 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. 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 17 April 2026 and signed on its behalf by:

Ms S Randall
Director

Mr A Li
Director

Chiltern Referrals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
Blueberry Farm
Kingscroft Lane
Warfield
Bracknell
Berkshire
RG42 6JL

| 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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's current forecasts and projections, together with the facilities available to the company, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

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 amounts 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

Revenue represents amounts earned from clients for veterinary services and the sale of products. Revenue for the delivery of veterinary services and the sale of products is recognised when the veterinary consultation or procedure is completed and the goods are passed to the client.

Chiltern Referrals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Tax

The tax expense for the period comprises and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 10% of written down value
Computer equipment | 33.33% of cost
Motor vehicles | 25% of written down value

Goodwill

Goodwill is amortised over its useful life, estimated by the directors to be 10 years.

Intangible assets

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Chiltern Referrals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. 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 debtors.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

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.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Chiltern Referrals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Chiltern Referrals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment
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 profit or loss as described below.
A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

| 3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was as follows:

| 2025 No. | 2024 No.
Average number of employees | 16 | 13

Chiltern Referrals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

| 4 | Intangible assets

| Goodwill £ | Total £
Cost
At 1 November 2024 | 75,849 | 75,849
At 31 October 2025 | 75,849 | 75,849
Amortisation
At 1 November 2024 | 63,836 | 63,836
Amortisation charge | 7,584 | 7,584
At 31 October 2025 | 71,420 | 71,420
Carrying amount
At 31 October 2025 | 4,429 | 4,429
At 31 October 2024 | 12,013 | 12,013

| 5 | Tangible assets

| Plant and machinery £ | Motor vehicles £ | Total £
Cost
At 1 November 2024 | 298,182 | 198,083 | 496,265
Additions | 15,819 | 128,449 | 144,268
Disposals | (77,670) | - | (77,670)
At 31 October 2025 | 236,331 | 326,532 | 562,863
Depreciation
At 1 November 2024 | 122,783 | 22,363 | 145,146
Charge for the year | 47,473 | 67,924 | 115,397
Eliminated on disposal | (65,960) | - | (65,960)
At 31 October 2025 | 104,296 | 90,287 | 194,583
Carrying amount
At 31 October 2025 | 132,035 | 236,245 | 368,280
At 31 October 2024 | 175,399 | 175,720 | 351,119

Chiltern Referrals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

| 6 | Investments

| 2025 £ | 2024 £
Investments in associates | 100 | 100

Associates | £
Cost
At 1 November 2024 | 100
Provision
Carrying amount
At 31 October 2025 | 100
At 31 October 2024 | 100

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking |  | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
HC1255 Limited |  | Ordinary £1 | 100% | 100%

Subsidiary undertakings
HC1255 Limited The principal activity of HC1255 Limited is that of a dormant company.

Chiltern Referrals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

| 7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 119,995 | 156,664
Prepayments | 26,740 | -
Other debtors | 4,018 | 40,776
| 150,753 | 197,440

| 8 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 160,305 | 82,756
Trade creditors |  | 102,299 | 79,696
Taxation and social security |  | 51,873 | 46,073
Accruals and deferred income |  | 8,500 | 5,451
Other creditors |  | 4,351 | 2,953
|  | 327,328 | 216,929

The bank loans and borrowings are secured by the company.
The hire purchase liabilities are secured on the assets for which the liability relates.

| 9 | Deferred tax

Deferred tax assets and liabilities

2025 | Liability £
Difference between accumulated depreciation and amortisation and capital allowance | 41,785
Losses and other deductions | (47,642)
| (5,857)

2024 | Liability £
Difference between accumulated depreciation and amortisation and capital allowance | 66,033
Losses and other deductions | (4,836)
| 61,197

Chiltern Referrals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

| 10 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 85,775 | 82,756
Other borrowings | 74,530 | -
| 160,305 | 82,756

Non-current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 267,049 | 267,175

The bank loans and borrowings are secured by the company
The hire purchase liabilities are secured on the assets for which the liability relates.

| 11 | Financial commitments

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 6,939 | 6,939
Later than one year and not later than five years | 12,585 | 19,523
| 19,524 | 26,462

Chiltern Referrals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

| 12 | Related party transactions

Transactions with directors

2025 | At 1 November 2024 £ | Repayments by director £ | At 31 October 2025 £
Ms S Randall
| (795) | 38,060 | 37,265
Mr A Li
| (796) | 38,061 | 37,265

2024 | At 1 November 2023 £ | Advances to director £ | Repayments by director £ | At 31 October 2024 £
Ms S Randall
| (13,821) | (19,786) | 32,812 | (795)
Mr A Li
| (13,822) | (19,786) | 32,812 | (796)

S Randall and A Li
(Directors of the company)
At the balance sheet date the company owed the Directors £74,530 (2024: the Directors owed the company £1,591).This amount is included in other borrowings (2024: other debtors). No interest is charged on the balance and there are no fixed repayment terms (2024: Interest was paid to the company at 2.5% and there were no fixed repayment terms).
HC 1255 Limited
(A dormant subsidiary of the company)
At the balance sheet date the amount due to HC 1255 Limited was £100.
Maverick Stud
At the balance sheet date, the company owed Maverick Stud £16,712 (2024: Maverick Stud owed the company £1,888), a partnership in which both directors are partners. This amount is included within other debtors, there are no fixed repayment terms and no interest is charged on the balance.