REGISTERED NUMBER: 01634502 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Charles Church Spitfires Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

455,588

487,829

CURRENT ASSETS

Stocks

5

20,384

13,297

Debtors

6

5,664

4,008

Prepayments and accrued income

1,360

-

Cash at bank and in hand

62,052

10,323

89,460

27,628

CREDITORS

Amounts falling due within one year

7

189,249

177,326

NET CURRENT LIABILITIES

(99,789

)

(149,698

)

TOTAL ASSETS LESS CURRENT LIABILITIES

355,799

338,131

CREDITORS

Amounts falling due after more than one year

8

(1,067,967

)

(1,150,000

)

PROVISIONS FOR LIABILITIES

(769

)

(1,643

)

NET LIABILITIES

(712,937

)

(813,512

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(713,037

)

(813,612

)

(712,937

)

(813,512

)

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 directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

Mrs S B Church - Director

Mr C N Church - Director

1.	STATUTORY INFORMATION

Charles Church Spitfires Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01634502

Registered office:

Roundwood Estate

Micheldever

Winchester

Hampshire

SO21 3BA

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

life.

Improvements to property

- 5% on cost

Plant and machinery

- 25% on cost

Motor Vehicles

- 25% on cost

Financial instruments

Classification

The company holds the following financial instruments:

Short term debtors and creditors;

Cash and bank balances; and

Unlisted investments.

All financial instruments are classified as basic.

Recognition and measurement

The company has elected to apply the provisions FRS102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transition costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The company is dependent on the continued financial support of the directors through the use of the loan account. On the basis that this support will continue, the accounts have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 September 2024

and 31 August 2025

679,456

48,156

13,845

741,457

DEPRECIATION

At 1 September 2024

199,720

46,634

7,274

253,628

Charge for year

28,297

1,257

2,687

32,241

At 31 August 2025

228,017

47,891

9,961

285,869

NET BOOK VALUE

At 31 August 2025

451,439

265

3,884

455,588

At 31 August 2024

479,736

1,522

6,571

487,829

5.

STOCKS

2025

2024

£

£

Stocks

20,384

13,297

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,664

4,008

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

38,531

47,927

Tax

43,529

14,768

Social security and other taxes

2,619

2,581

VAT

15,692

13,281

Other creditors

72,500

79,627

Payments on account

11,542

10,610

Accrued expenses

4,836

8,532

189,249

177,326

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

1,067,967

1,150,000