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Company Registration No. 14610745 (England and Wales)
Champlon Limited Unaudited accounts for the year ended 30 September 2025
Champlon Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Champlon Limited Company Information for the year ended 30 September 2025
Directors
D Borchard R Borchard E Brenden L Brenden
Company Number
14610745 (England and Wales)
Registered Office
5th Floor Bevis Marks House 24 Bevis Marks London EC3A 7JB United Kingdom
Accountants
Fosters & Gate Consultancy Limited 39 Brim Hill London N2 0HA
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Champlon Limited Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Current assets
Inventories
4
49,294,770
49,294,770
Debtors
5
4,824
1,020
Cash at bank and in hand
104,092
12,674
49,403,686
49,308,464
Creditors: amounts falling due within one year
6
(12,106,178)
(11,335,378)
Net current assets
37,297,508
37,973,086
Total assets less current liabilities
37,297,508
37,973,086
Creditors: amounts falling due after more than one year
7
(37,318,865)
(37,977,201)
Net liabilities
(21,357)
(4,115)
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss account
(22,357)
(5,115)
Shareholders' funds
(21,357)
(4,115)
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2026 and were signed on its behalf by
R Borchard Director Company Registration No. 14610745
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Champlon Limited Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
Champlon Limited is a private company, limited by shares, registered in England and Wales, registration number 14610745. The registered office is 5th Floor Bevis Marks House, 24 Bevis Marks, London, EC3A 7JB, United Kingdom.
2
Compliance with accounting standards
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) 8The Financial Reporting Standard applicable in the UK and Republic of Ireland9 issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these accounts. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these accounts. Accordingly, they continue to adopt the going concern basis in preparing the accounts.
Taxation
Current tax Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Inventories
Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
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Champlon Limited Notes to the Accounts for the year ended 30 September 2025
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 that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the accounts.
4
Inventories
2025
2024
£
£
Finished goods
49,294,770
49,294,770
49,294,770
49,294,770
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
3,152
(473)
Accrued income and prepayments
1,672
1,493
4,824
1,020
6
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings and other participating interests
7,027,596
6,267,596
Accruals
5,078,582
5,067,782
12,106,178
11,335,378
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Accruals
37,318,865
37,977,201
There are no amounts included above in respect of which any security has been given by the small entity.
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Transactions with related parties
Transactions with the members of the group and with other related parties concluded under normal market conditions have not been disclosed as per section 1AC.35 of FRS 102.
10
Controlling party
The company is controlled by Fairplay Towage & Shipping Company Limited.
11
Average number of employees
During the year the average number of employees was 4 (2024: 4).
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