REGISTERED NUMBER: 01908432 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Lichfield Cathedral Enterprises Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J Warburton

S M Packham

Rt Revd J E McFarlane

SECRETARY:

S M Packham

REGISTERED OFFICE:

19a The Close

Lichfield

Staffordshire

WS13 7LD

REGISTERED NUMBER:

01908432 (England and Wales)

SENIOR STATUTORY AUDITOR:

Susanna D Ault FCCA FCA

AUDITORS:

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

CURRENT ASSETS

Stocks

21,735

27,317

Debtors

6

5,769

8,604

Cash at bank

8,826

22,844

36,330

58,765

CREDITORS

Amounts falling due within one year

7

(36,328

)

(58,763

)

NET CURRENT ASSETS

2

2

TOTAL ASSETS LESS CURRENT LIABILITIES

2

2

CAPITAL AND RESERVES

Called up share capital

8

2

2

SHAREHOLDERS' FUNDS

2

2

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2026 and were signed on its behalf by:

S J Warburton - Director

1.	STATUTORY INFORMATION

Lichfield Cathedral Enterprises Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the

Company and the revenue can be reliably measured. Revenue is measured as the fair value of the

consideration received or receivable, excluding discounts, rebates, value added tax and other sales

taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the Company has transferred the significant risks and rewards of ownership to the buyer;

- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated

depreciation and any accumulated impairment losses. Historical cost includes expenditure that is

directly attributable to bringing the asset to the location and condition necessary for it to be capable of

operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their

estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings - 25% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted

prospectively if appropriate, or if there is an indication of a significant change since the last reporting

date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount

and are recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less

costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in

progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS

102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes

party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement

of financial assets that are subsequently measured at fair value through profit and loss) and are

subsequently carried at their amortised cost using the effective interest method, less any provision for

impairment, unless the arrangement constitutes a financing transaction, where the transaction is

measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash

equivalents, trade and most other debtors due with the operating cycle fall into this category of

financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in

the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are

initially measured at their transaction price (adjusting for transaction costs except in the initial

measurement of financial liabilities that are subsequently measured at fair value through profit and

loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the

present value of the future payments discounted at a market rate of interest, discounting is omitted

where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate

method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary

course of business from suppliers. Trade creditors are classified as current liabilities if the payment is

due within one year. If not, they represent non-current liabilities. Trade creditors are initially

recognised at their transaction price and subsequently are measured at amortised cost using the

effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense

recognised as other comprehensive income or to an item recognised directly in equity is also

recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been

enacted or substantively enacted by the balance sheet date in the countries where the Company

operates and generates income.

Deed of covenant

Profits made by Lichfield Cathedral Enterprises Ltd are donated to the parent charity, Lichfield Cathedral under a Deed of Covenant and accrued in the financial statements as at the year end date.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

17,466

DEPRECIATION

At 1 January 2025

and 31 December 2025

17,466

NET BOOK VALUE

At 31 December 2025

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,283

5,010

Other debtors

486

3,594

5,769

8,604

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

7,514

4,257

Amounts owed to group undertakings

15,902

43,102

Other creditors

12,912

11,404

36,328

58,763

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary shares

£1.00

2

2

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susanna D Ault FCCA FCA (Senior Statutory Auditor)

for and on behalf of Tomkinson Teal (Lichfield) LLP

10.	ULTIMATE CONTROLLING PARTY