Registration number: 11376153

Price & Chantler Limited

trading as The Boat at Erbistock

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Price & Chantler Limited

trading as The Boat at Erbistock

(Registration number: 11376153)
Balance Sheet as at 28 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,262,310	1,311,942
Current assets
Stocks	5	21,951	23,051
Debtors	6	25,905	11,074
Cash at bank and in hand		108,832	158,870
		156,688	192,995
Creditors: Amounts falling due within one year	7	(254,960)	(379,130)
Net current liabilities		(98,272)	(186,135)
Total assets less current liabilities		1,164,038	1,125,807
Creditors: Amounts falling due after more than one year	7	(859,998)	(979,998)
Provisions for liabilities		(96,640)	-
Net assets		207,400	145,809
Capital and reserves
Called up share capital		2	2
Retained earnings		207,398	145,807
Shareholders' funds		207,400	145,809

Price & Chantler Limited

trading as The Boat at Erbistock

(Registration number: 11376153)
Balance Sheet as at 28 December 2025

For the financial period ending 28 December 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 period 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 21 May 2026 and signed on its behalf by:
 

G H Price Director

Price & Chantler Limited

trading as The Boat at Erbistock

Notes to the Unaudited Financial Statements for the Period from 30 December 2024 to 28 December 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:
Steam Mill Business Centre
Steam Mill Street
Chester
Cheshire
CH3 5AN
UK

These financial statements were authorised for issue by the Board on 21 May 2026.

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 that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company will have adequate resources to continue as a going concern. The directors are committed to ensure that the company is able to meet its liabilities on a day to day basis and will continue to provide financial support, when required, to enable the company to meet its liabilities. Therefore, the financial statements have been prepared on a going concern basis.

Price & Chantler Limited

trading as The Boat at Erbistock

Notes to the Unaudited Financial Statements for the Period from 30 December 2024 to 28 December 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Finance income and costs policy

Interest income and expenses are recognised using the effective interest rate method.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change 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 tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the Balance Sheet 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
Freehold Property	2% - 25% Straight Line
Plant and Machinery	10% - 20% Straight Line
Furnitures and fittings	10% - 20% Straight Line
Computer Equipment	33% Straight Line

Price & Chantler Limited

trading as The Boat at Erbistock

Notes to the Unaudited Financial Statements for the Period from 30 December 2024 to 28 December 2025

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.

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. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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 receivables.

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.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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 subsequently measured at amortised cost using the effective interest method.

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.

Price & Chantler Limited

trading as The Boat at Erbistock

Notes to the Unaudited Financial Statements for the Period from 30 December 2024 to 28 December 2025

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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period was 47 (2024 - 81).

4	Tangible assets

	Freehold property £	Fixtures and fittings £	Plant and machinery £	Computer equipment £	Total £
Cost or valuation
At 30 December 2024	1,156,325	196,947	283,120	27,424	1,663,816
Additions	-	10,960	19,461	1,066	31,487
At 28 December 2025	1,156,325	207,907	302,581	28,490	1,695,303
Depreciation
At 30 December 2024	120,055	86,694	119,633	25,492	351,874
Charge for the period	23,719	21,038	35,305	1,057	81,119
At 28 December 2025	143,774	107,732	154,938	26,549	432,993
Carrying amount
At 28 December 2025	1,012,551	100,175	147,643	1,941	1,262,310
At 29 December 2024	1,036,270	110,253	163,487	1,932	1,311,942

Price & Chantler Limited

trading as The Boat at Erbistock

Notes to the Unaudited Financial Statements for the Period from 30 December 2024 to 28 December 2025

5

Stocks

	2025 £	2024 £
Other inventories	21,951	23,051

6

Debtors

	2025 £	2024 £
Other debtors	15,350	-
Prepayments and accrued income	10,555	11,074
	25,905	11,074

7

Creditors

Due within one year	Note	2025 £	2024 £
Trade creditors		33,146	59,606
Amounts due to related parties	10	100,000	180,000
Social security and other taxes		73,571	71,427
Other creditors		27,180	54,606
Accruals		17,511	13,491
Corporation tax liability		3,552	-
		254,960	379,130
Due after one year
Loans and borrowings	8	859,998	979,998