REGISTERED NUMBER: 01762778 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2026

for

A. B. Cholerton Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A B Cholerton

Mrs M Cholerton

SECRETARY:

Mrs M Cholerton

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

01762778 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

374

1

Investment property

5

2,126,299

2,576,299

2,126,673

2,576,300

CURRENT ASSETS

Debtors

6

2,184

2,186

Cash at bank

239,587

239,581

241,771

241,767

CREDITORS

Amounts falling due within one year

7

939,480

1,208,776

NET CURRENT LIABILITIES

(697,709

)

(967,009

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,428,964

1,609,291

PROVISIONS FOR LIABILITIES

8

58,779

113,318

NET ASSETS

1,370,185

1,495,973

CAPITAL AND RESERVES

Called up share capital

138

138

Share premium

9

153,862

153,862

Other reserves

9

284,131

284,131

Fair value reserve

9

308,995

525,142

Retained earnings

9

623,059

532,700

SHAREHOLDERS' FUNDS

1,370,185

1,495,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 10 July 2026 and were signed on its behalf by:

A B Cholerton - Director

1.	STATUTORY INFORMATION

A. B. Cholerton Limited 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.

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 represents rental income receivable and is accounted for in the period in which the properties were occupied.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Investment property

Investment property is not depreciated but is revalued annually at its fair value with any surplus or deficit recognised in the profit and loss account and transferred to a fair value reserve.

Deferred tax

A provision is made at current rates for taxation deferred in respect of all timing differences, including provisions made for potential tax arising on assets which have been revalued.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 June 2025

1,829

Additions

432

At 31 May 2026

2,261

DEPRECIATION

At 1 June 2025

1,828

Charge for year

59

At 31 May 2026

1,887

NET BOOK VALUE

At 31 May 2026

374

At 31 May 2025

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2025

2,576,299

Disposals

(305,000

)

Revaluation adjustment

(145,000

)

At 31 May 2026

2,126,299

NET BOOK VALUE

At 31 May 2026

2,126,299

At 31 May 2025

2,576,299

Fair value at 31 May 2026 is represented by:

£

Valuation in 2026

2,126,299

If investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

1,758,527

1,937,839

Investment property was valued on a fair value basis on 31 May 2026 by the directors of the company .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Prepayments

2,184

2,186

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Tax

33,240

3,938

Social security and other taxes

10,029

13,366

Other creditors

581,837

768,559

Directors' current account

295,867

400,633

Accruals and deferred income

18,507

22,280

939,480

1,208,776

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

Property valuation

58,779

113,318

Deferred

tax

£

Balance at 1 June 2025

113,318

Provided during year

(54,539

)

Balance at 31 May 2026

58,779

9.

RESERVES

Fair

Retained

Share

Other

value

earnings

premium

reserves

reserve

Totals

£

£

£

£

£

At 1 June 2025

532,700

153,862

284,131

525,142

1,495,835

Deficit for the year

(125,788

)

(125,788

)

Revaluation reserve transfer

117,449

-

-

-

117,449

Revaluation adjustment

98,698

-

-

(216,147

)

(117,449

)

At 31 May 2026

623,059

153,862

284,131

308,995

1,370,047