4 3 Chelstow Limited 03434805 false 2025-04-01 2026-03-31 2026-03-31 The principal activity of the company is Property Rental Digita Accounts Production Advanced 6.30.9574.0 true 03434805 2025-04-01 2026-03-31 03434805 2026-03-31 03434805 bus:CompanySecretaryDirector1 1 2026-03-31 03434805 bus:Director3 1 2026-03-31 03434805 bus:OrdinaryShareClass1 2026-03-31 03434805 bus:OrdinaryShareClass2 2026-03-31 03434805 core:CurrentFinancialInstruments 2026-03-31 03434805 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 03434805 core:FurnitureFittingsToolsEquipment 2026-03-31 03434805 core:LandBuildings 2026-03-31 03434805 core:OtherPropertyPlantEquipment 2026-03-31 03434805 bus:SmallEntities 2025-04-01 2026-03-31 03434805 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 03434805 bus:FilletedAccounts 2025-04-01 2026-03-31 03434805 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 03434805 bus:RegisteredOffice 2025-04-01 2026-03-31 03434805 bus:CompanySecretaryDirector1 2025-04-01 2026-03-31 03434805 bus:CompanySecretaryDirector1 1 2025-04-01 2026-03-31 03434805 bus:Director1 2025-04-01 2026-03-31 03434805 bus:Director3 2025-04-01 2026-03-31 03434805 bus:Director3 1 2025-04-01 2026-03-31 03434805 bus:Director4 2025-04-01 2026-03-31 03434805 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 03434805 bus:OrdinaryShareClass2 2025-04-01 2026-03-31 03434805 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 03434805 bus:Agent1 2025-04-01 2026-03-31 03434805 core:FurnitureFittings 2025-04-01 2026-03-31 03434805 core:FurnitureFittingsToolsEquipment 2025-04-01 2026-03-31 03434805 core:LandBuildings 2025-04-01 2026-03-31 03434805 core:OtherPropertyPlantEquipment 2025-04-01 2026-03-31 03434805 core:PlantMachinery 2025-04-01 2026-03-31 03434805 countries:EnglandWales 2025-04-01 2026-03-31 03434805 2025-03-31 03434805 bus:CompanySecretaryDirector1 1 2025-03-31 03434805 bus:Director3 1 2025-03-31 03434805 core:FurnitureFittingsToolsEquipment 2025-03-31 03434805 core:LandBuildings 2025-03-31 03434805 core:OtherPropertyPlantEquipment 2025-03-31 03434805 2024-04-01 2025-03-31 03434805 2025-03-31 03434805 bus:CompanySecretaryDirector1 1 2025-03-31 03434805 bus:Director3 1 2025-03-31 03434805 bus:OrdinaryShareClass1 2025-03-31 03434805 bus:OrdinaryShareClass2 2025-03-31 03434805 core:CurrentFinancialInstruments 2025-03-31 03434805 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 03434805 core:FurnitureFittingsToolsEquipment 2025-03-31 03434805 core:LandBuildings 2025-03-31 03434805 core:OtherPropertyPlantEquipment 2025-03-31 03434805 bus:CompanySecretaryDirector1 1 2024-04-01 2025-03-31 03434805 bus:Director3 1 2024-04-01 2025-03-31 03434805 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 03434805 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 03434805 bus:CompanySecretaryDirector1 1 2024-03-31 03434805 bus:Director3 1 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 03434805

Chelstow Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

Chelstow Limited

Contents

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

Chelstow Limited

Company Information

Directors | Mrs Janet Jones Mr David Jones Mr Geraint Jones Mrs Nicola Jones

Company secretary | Mr David Jones

Registered office | 42a Walnut Road Torquay Devon TQ2 6HS

Accountants | Neil Wilson & Co Chartered Accountants Bank Chambers 260-262 Union Street Torquay Devon TQ2 5QU

Chelstow Limited

(Registration number: 03434805)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 334,425 | 334,646
Current assets |  |  |
Debtors | 5 | 775 | -
Cash at bank and in hand |  | 9,600 | 5,547
|  | 10,375 | 5,547
Creditors: Amounts falling due within one year | 6 | (323,779) | (311,669)
Net current liabilities |  | (313,404) | (306,122)
Total assets less current liabilities |  | 21,021 | 28,524
Provisions for liabilities |  | (62) | (62)
Net assets |  | 20,959 | 28,462
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 20,859 | 28,362
Shareholders' funds |  | 20,959 | 28,462

For the financial year ending 31 March 2026 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 22 May 2026 and signed on its behalf by:

......................................... Mr Geraint Jones Director

Chelstow Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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:
42a Walnut Road
Torquay
Devon
TQ2 6HS

The principal place of business is:
Chelston Tower
Rawlyn Road
Torquay
Devon
TQ2 6PQ

These financial statements were authorised for issue by the Board on 22 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.

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.

Tax

The tax expense for the period comprises current 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.

Chelstow Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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
Fixtures and fittings | 25% reducing balance
Land and buildings | Not depreciated
Plant and machinery | 20% reducing balance

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.

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 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.

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.

Chelstow Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2025 - 3).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 April 2025 | 333,670 | 3,901 | 1,602 | 339,173
At 31 March 2026 | 333,670 | 3,901 | 1,602 | 339,173
Depreciation
At 1 April 2025 | - | 3,390 | 1,137 | 4,527
Charge for the year | - | 128 | 93 | 221
At 31 March 2026 | - | 3,518 | 1,230 | 4,748
Carrying amount
At 31 March 2026 | 333,670 | 383 | 372 | 334,425
At 31 March 2025 | 333,670 | 511 | 465 | 334,646

Included within the net book value of land and buildings above is £333,670 (2025 - £333,670) in respect of freehold land and buildings.

Chelstow Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5 | Debtors

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 8 | 78,012 | 82,104
Taxation and social security |  | 98 | 1,554
Accruals and deferred income |  | 945 | 775
Other creditors |  | 244,724 | 227,236
|  | 323,779 | 311,669

7 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary A Shares of £1 each | 51 | 51 | 51 | 51
Ordinary B Shares of £1 each | 49 | 49 | 49 | 49
| 100 | 100 | 100 | 100

8 | Loans and borrowings

Current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | 78,012 | 82,104

9 | Dividends

Interim dividends paid

|  | 2026 £ |  | 2025 £
Interim dividend of £19.61 per each Ordinary A Shares |  | 1,000 |  | 1,000
Interim dividend of £20.41 per each Ordinary B Shares |  | 1,000 |  | 1,000
|  | 2,000 |  | 2,000

Chelstow Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

10 | Related party transactions

Transactions with directors

2026 | At 1 April 2025 £ | Repayments by director £ | Other payments made to company by director £ | At 31 March 2026 £
Mr David Jones
Director loan | (205,335) | (6,548) | (5,258) | (217,141)
Mr Geraint Jones
Loan from Director | (18,077) | (6,482) | - | (24,559)

2025 | At 1 April 2024 £ | Repayments by director £ | At 31 March 2025 £
Mr David Jones
Director loan | (199,909) | (5,426) | (205,335)
Mr Geraint Jones
Loan from Director | (16,580) | (1,497) | (18,077)

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2026 £ | 2025 £
Remuneration | 19,200 | 19,200

Dividends paid to directors

Chelstow Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

|  | 2026 £ |  | 2025 £
Mr David Jones |  |  |  |
Current period interim dividend paid |  | 500 |  | 500
Mrs Janet Jones |  |  |  |
Current period dividend paid |  | 500 |  | 500
Mr Geraint Jones |  |  |  |
Interim dividend |  | 500 |  | 500