Registration number: 12861898

Passmore & Chamberlain Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 5

Passmore & Chamberlain Ltd

(Registration number: 12861898)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	145,000	135,000
Current assets
Debtors	5	919	523
Cash at bank and in hand		3,345	2,336
		4,264	2,859
Creditors: Amounts falling due within one year	6	(85,123)	(87,135)
Net current liabilities		(80,859)	(84,276)
Total assets less current liabilities		64,141	50,724
Creditors: Amounts falling due after more than one year	6	(108,750)	(108,750)
Provisions for liabilities		(2,105)	(205)
Net liabilities		(46,714)	(58,231)
Capital and reserves
Called up share capital		100	100
Other reserves		8,975	875
Retained earnings		(55,789)	(59,206)
Shareholders' deficit		(46,714)	(58,231)

Passmore & Chamberlain Ltd

(Registration number: 12861898)
Balance Sheet as at 30 September 2025

For the financial 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.

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 19 June 2026 and signed on its behalf by:
 

......................................... Mr B N Chamberlain Director

Passmore & Chamberlain Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 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:
The Coach House
Cranhams Lane
Cirencester
Gloucestershire
GL7 1TZ

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.

Going concern

The financial statements have been prepared on a going concern basis despite the company having net liabilities. The company receives the support of the directors who are one of the main creditors. The amount due to the directors at 30 September 2025 is £82,950 (2024: £85,950).

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises deferred tax.

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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Passmore & Chamberlain Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Investment properties

	2025 £
At 1 October 2023	135,000
Fair value adjustments	10,000
At 30 September 2024	145,000

There has been no valuation of investment property by an independent valuer.

Passmore & Chamberlain Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

5

Debtors

	2025 £	2024 £
Trade debtors	243	-
Prepayments	342	315
Other debtors	334	208
	919	523

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Other creditors	85,123	87,135