Silverfin false false 31/03/2026 01/04/2025 31/03/2026 D Chalkley 17/12/2002 A D Lack 01/07/2007 M P Rayner 06/04/2005 O R C Wilkinson 01/07/2013 18 July 2026 The principal activity of the LLP during the financial year was holding of investment property. OC303584 2026-03-31 OC303584 bus:Director1 2026-03-31 OC303584 bus:Director2 2026-03-31 OC303584 bus:Director3 2026-03-31 OC303584 bus:Director4 2026-03-31 OC303584 2025-03-31 OC303584 core:CurrentFinancialInstruments 2026-03-31 OC303584 core:CurrentFinancialInstruments 2025-03-31 OC303584 core:FurnitureFittings 2025-03-31 OC303584 core:FurnitureFittings 2026-03-31 OC303584 core:CostValuation 2025-03-31 OC303584 core:CostValuation 2026-03-31 OC303584 2025-04-01 2026-03-31 OC303584 bus:FilletedAccounts 2025-04-01 2026-03-31 OC303584 bus:SmallEntities 2025-04-01 2026-03-31 OC303584 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 OC303584 bus:LimitedLiabilityPartnershipLLP 2025-04-01 2026-03-31 OC303584 bus:Director1 2025-04-01 2026-03-31 OC303584 bus:Director2 2025-04-01 2026-03-31 OC303584 bus:Director3 2025-04-01 2026-03-31 OC303584 bus:Director4 2025-04-01 2026-03-31 OC303584 core:FurnitureFittings 2025-04-01 2026-03-31 OC303584 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company No: OC303584 (England and Wales)

# CHALKNER VS LLP

### Unaudited Financial Statements
For the financial year ended 31 March 2026
Pages for filing with the registrar

CHALKNER VS LLP

## Unaudited Financial Statements

For the financial year ended 31 March 2026

Contents

CHALKNER VS LLP

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2026
CHALKNER VS LLP

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 11,517 |  | 12,797
Investment property | 4 | 200,000 |  | 280,000
Investments | 5 | 500 |  | 500
|  | 212,017 |  | 293,297
Current assets |  |  |  |
Debtors | 6 | 133,945 |  | 494,988
Cash at bank and in hand |  | 22,463 |  | 28,692
|  | 156,408 |  | 523,680
Creditors: amounts falling due within one year | 7 | ( 3,460) |  | ( 2,800)
Net current assets |  | 152,948 |  | 520,880
Total assets less current liabilities |  | 364,965 |  | 814,177
Net assets attributable to members |  | 364,965 |  | 814,177
Represented by |  |  |  |
Loans and other debts due to members within one year |  |  |  |
Members' capital classified as a liability |  | 28,656 |  | 28,656
Other amounts |  | 239,875 |  | 609,087
|  | 268,531 |  | 637,743
Members' other interests |  |  |  |
Revaluation reserve |  | 96,434 |  | 176,434
|  | 96,434 |  | 176,434
|  | 364,965 |  | 814,177
Total members' interests |  |  |  |
Loans and other debts due to members |  | 268,531 |  | 637,743
Members' other interests |  | 96,434 |  | 176,434
|  | 364,965 |  | 814,177

For the financial year ending 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

- The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Chalkner VS LLP (registered number: OC303584) were approved and authorised for issue by the members on 18 July 2026. They were signed on its behalf by:

D Chalkley Designated member |

CHALKNER VS LLP

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026
CHALKNER VS LLP

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Chalkner VS LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Dragon Vet Centre Prestbury Park, New Barn Lane, Cheltenham, GL50 4SH, England, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The members have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer. Profit shares are recognised in the year to which they relate.

##### Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/reducing balance basis over its expected useful life, as follows:

Fixtures and fittings | 10 % reducing balance

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
The fair value is determined annually by the members, on an open market value for existing use basis.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the LLP becomes a party to the contractual provisions of the instrument.
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 LLP after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the LLP intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payments to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
The profits are divided in accordance with the members' agreement.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the LLP during the year | 0 |  | 0

#### 3. Tangible assets

| Fixtures and fittings |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2025 | 22,662 |  | 22,662
At 31 March 2026 | 22,662 |  | 22,662
Accumulated depreciation |  |  |
At 01 April 2025 | 9,865 |  | 9,865
Charge for the financial year | 1,280 |  | 1,280
At 31 March 2026 | 11,145 |  | 11,145
Net book value |  |  |
At 31 March 2026 | 11,517 |  | 11,517
At 31 March 2025 | 12,797 |  | 12,797

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 April 2025 | 280,000
Fair value movement | (80,000)
As at 31 March 2026 | 200,000

The valuations were made by the members on an open market value for existing use basis and was arrived at taking account of information from publicly available data and judgement. A significant level of uncertainty exists in relation to these assumptions and any changes in these assumptions could have a material impact on the carrying value of Investment Property in the financial statements.

#### 5. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 April 2025 | 500 |  | 500
At 31 March 2026 | 500 |  | 500
Carrying value at 31 March 2026 | 500 |  | 500
Carrying value at 31 March 2025 | 500 |  | 500

#### 6. Debtors

| 2026 |  | 2025
| £ |  | £
Other debtors | 133,945 |  | 494,988

#### 7. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Accruals | 3,360 |  | 2,800
Other creditors | 100 |  | 0
| 3,460 |  | 2,800

#### 8. Related party transactions

Other related party transactions

The limited liability partnership had trading transactions in the normal course of business with Casvet LLP, a related party by virtue of Chalkner VS LLP being a member of Casvet LLP. During the year Chalkner VS LLP received a profit share from Casvet LLP of £147,241 (2025: £126,844). At the balance sheet date, there were outstanding balances due from Casvet LLP of £133,945 (2025: £104,752).