REGISTERED NUMBER: 01946183

SATCHELL LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

48,940

36,471

Investment property

5

1,450,000

1,500,000

1,498,940

1,536,471

CURRENT ASSETS

Debtors

6

9,662

33,588

Cash at bank

191,660

224,010

201,322

257,598

CREDITORS

Amounts falling due within one year

7

53,892

52,422

NET CURRENT ASSETS

147,430

205,176

TOTAL ASSETS LESS CURRENT LIABILITIES

1,646,370

1,741,647

PROVISIONS FOR LIABILITIES

113,874

127,790

NET ASSETS

1,532,496

1,613,857

CAPITAL AND RESERVES

Called up share capital

100

100

Non-distributable reserves

8

674,006

723,137

Retained earnings

858,390

890,620

SHAREHOLDERS' FUNDS

1,532,496

1,613,857

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by:

J H Satchell - Director

J D Satchell - Director

1.	STATUTORY INFORMATION

Satchell Limited is a private company limited by shares. The company is registered in England under number 01946183 and the address of the registered office is Station Road, Offenham, Worcestershire, WR11 8JJ.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes and comprises rental income and service charges from the company's investment properties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost, 25% on reducing balance and 15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

63,069

Additions

55,927

Disposals

(35,850

)

At 31 December 2025

83,146

DEPRECIATION

At 1 January 2025

26,598

Charge for year

16,571

Eliminated on disposal

(8,963

)

At 31 December 2025

34,206

NET BOOK VALUE

At 31 December 2025

48,940

At 31 December 2024

36,471

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

1,500,000

Additions

16,288

Revaluations

(66,288

)

At 31 December 2025

1,450,000

NET BOOK VALUE

At 31 December 2025

1,450,000

At 31 December 2024

1,500,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 1997

75,097

Valuation in 1998

(20,000

)

Valuation in 2000

72,153

Valuation in 2014

341,636

Valuation in 2016

50,000

Valuation in 2018

60,646

Valuation in 2021

100,000

Valuation in 2022

(75,601

)

Valuation in 2023

325,000

Valuation in 2024

(85,045

)

Valuation in 2025

(66,288

)

Cost

672,402

1,450,000

The historic cost of investment property was £672,402 (2024 - £656,114).

Investment property was valued on an open market basis on 31 December 2025 by the director, J D Satchell.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,176

10,913

Other debtors

5,486

22,675

9,662

33,588

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

20,919

14,501

Taxation and social security

5,883

5,437

Other creditors

27,090

32,484

53,892

52,422

8.

RESERVES

Non-distributable

reserves

£

At 1 January 2025

723,137

Deferred tax movement

17,157

Deficit on revaluation

(66,288

)

At 31 December 2025

674,006