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Registration number: 04763117

Chestnut Homes (Land) Limited
Filleted Unaudited Financial Statements
for the Year Ended 31 October 2025

Chestnut Homes (Land) Limited

(Registration number: 04763117)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Stocks | 4 | 3,744,241 | 4,714,031
Debtors | 5 | - | 1,884
Cash at bank and in hand |  | 1,375,099 | 1,193,901
|  | 5,119,340 | 5,909,816
Creditors: Amounts falling due within one year | 6 | (2,729,849) | (2,802,445)
Total assets less current liabilities |  | 2,389,491 | 3,107,371
Creditors: Amounts falling due after more than one year | 6 | (2,912,500) | (3,400,000)
Net liabilities |  | (523,009) | (292,629)
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | (523,109) | (292,729)
Shareholders' deficit |  | (523,009) | (292,629)

For the financial year ending 31 October 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 10 July 2026 and signed on its behalf by:

Mr D S Newton Director |  |

Chestnut Homes (Land) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Old School
Wragby Road
Langworth
Lincoln
Lincolnshire
LN3 5BJ
Registered number: 04763117

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 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.

Other grants

Grants are recognised in the profit and loss account so that the income is matched with the costs to which they relate.

Tax

The current 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.

Chestnut Homes (Land) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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.

Stocks

The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the work in progress to their present location and condition. At each reporting date, work in progress are assessed for impairment. If work in progress are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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 at the transaction price.

Borrowings

Interest-bearing borrowings are recorded at fair value, net of transaction costs.
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.

Going concern

The financial statements have been prepared on a going concern basis which assumes the continued financial support of the directors.

3 | Staff numbers

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

4 | Stocks

| 2025 £ | 2024 £
Work in progress | 3,744,241 | 4,714,031

Chestnut Homes (Land) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | - | 1,884
| - | 1,884

6 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Trade payables | 746,926 | 500,000
Social security and other taxes | 157,546 | 16,464
Other payables | 1,825,377 | 2,285,981
| 2,729,849 | 2,802,445

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 7 | 2,912,500 | 3,400,000

7 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 2,912,500 | 3,400,000

The loan is secured over the assets of the company.

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 100 | 100 | 100 | 100