Registration number: 03434805

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