Chalford Timber Limited

(Registration number: 08031201)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	7,259,003	6,826,735
Investment property	5	894,563	894,563
		8,153,566	7,721,298
Current assets
Stocks	6	380,500	385,000
Debtors	7	1,517,351	1,121,039
Cash at bank and in hand		50,000	92,146
		1,947,851	1,598,185
Creditors: Amounts falling due within one year	8	(1,735,960)	(1,745,401)
Net current assets/(liabilities)		211,891	(147,216)
Total assets less current liabilities		8,365,457	7,574,082
Creditors: Amounts falling due after more than one year	8	(3,158,421)	(3,147,808)
Provisions for liabilities		(1,257,260)	(1,183,829)
Net assets		3,949,776	3,242,445
Capital and reserves
Called up share capital	9	15	16
Retained earnings		3,949,761	3,242,429
Shareholders' funds		3,949,776	3,242,445

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

(Registration number: 08031201)
Balance Sheet as at 31 March 2026
(continued)

•	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 30 June 2026 and signed on its behalf by:

.........................................
Mr Louis Charles Saer
Director

Chalford Timber Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

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

The address of its registered office is:
New House Farm
Nordan
Leominster
Herefordshire
HR6 0AJ
United Kingdom

These financial statements were authorised for issue by the Board on 30 June 2026.

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.

Chalford Timber Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)

2	Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services 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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Chalford Timber Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land	Nil
Freehold property improvements	5% cost per annum
Motor vehicles	20% of written down value
Plant and machinery	10% of written down value
Fixtures and fittings	20% of cost per annum
Computer equipment	33% of written down value

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Chalford Timber Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)

2	Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks 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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Chalford Timber Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)

2	Accounting policies (continued)

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2025 - 10).

Chalford Timber Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)

4	Tangible assets

Land and buildings
£

Furniture, fittings and equipment
£

Motor vehicles
£

Total
£

Cost or valuation

At 1 April 2025

2,297,674

7,070,793

292,775

9,661,242

Additions

-

1,267,943

7,999

1,275,942

Disposals

-

(507,032)

-

(507,032)

At 31 March 2026

2,297,674

7,831,704

300,774

10,430,152

Depreciation

At 1 April 2025

148,246

2,562,237

124,024

2,834,507

Charge for the year

15,417

498,413

35,083

548,913

Eliminated on disposal

-

(212,271)

-

(212,271)

At 31 March 2026

163,663

2,848,379

159,107

3,171,149

Carrying amount

At 31 March 2026

2,134,011

4,983,325

141,667

7,259,003

At 31 March 2025

2,149,428

4,508,556

168,751

6,826,735

Included within the net book value of land and buildings above is £1,989,346 (2025 - £1,989,346) in respect of freehold land and buildings and £144,665 (2025 - £160,082) in respect of long leasehold land and buildings.

Chalford Timber Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)

5	Investment properties

	2026 £
At 1 April	894,563
At 31 March	894,563

Investment property is valued on an open market basis by the Directors £894,563 (2025 £894,563).

There has been no valuation of investment property by an independent valuer.

6

Stocks

	2026 £	2025 £
Other inventories	380,500	385,000

7

Debtors

Current	Note	2026 £	2025 £
Trade debtors		1,347,334	988,946
Amounts owed by related parties	12	23,722	-
Prepayments		50,401	1,209
Other debtors		95,894	130,884
		1,517,351	1,121,039

Chalford Timber Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	10	888,880	939,282
Trade creditors		493,209	431,416
Taxation and social security		280,304	106,219
Accruals and deferred income		47,403	170,060
Other creditors		26,164	98,424
		1,735,960	1,745,401

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	10	3,158,421	3,147,808

The bank loans includes £1,427,817 (2025 - £1,043,046) which is repayable by instalments more than five years.

The obligations under hire purchase contracts, which total £1,138,987 (2025 £ 608,927) are all payable within five years. The obligations are secured on the assets to which they relate.

9	Share capital

Allotted, called up and fully paid shares

Chalford Timber Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)

9	Share capital (continued)

	2026		2025
	No.	£	No.	£
Ordinary A shares of £1 each	9	9	10	10
Ordinary B shares of £1 each	5	5	5	5
Ordinary C shares of £1 each	1	1	1	1
	15	15	16	16

10	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £

Bank borrowings	3,158,421	3,147,808

Current loans and borrowings

	2026 £	2025 £

Bank borrowings	676,785	860,494
Bank overdrafts	212,095	78,788
	888,880	939,282

Bank borrowings

The bank overdraft and loan, which total £2,908,314 are secured by a debenture over all the company's assets and undertakings.

Chalford Timber Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)

11	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £11,970 (2025 - £6,378). The company operates a defined contribution pension scheme on behalf of its directors and employees. The assets of the schemes are held seperately from those of the company in independently administered funds. The pension cost charge represents contributions payable to these funds.

12	Related party transactions

Summary of transactions with associates

Companies under common control Loan and movement of business asset.
The loans to related parties are interest free, unsecured and have no fixed repayment terms.

Loans to related parties

2026	Associates £	Total £
Advanced	198,422	198,422
Repaid	(174,700)	(174,700)
At end of period	23,722	23,722

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 13

	Land and buildings £	Furniture, fittings and equipment £	Motor vehicles £	Total £
Cost or valuation
At 1 April 2025	2,297,674	7,070,793	292,775	9,661,242
Additions	-	1,267,943	7,999	1,275,942
Disposals	-	(507,032)	-	(507,032)
At 31 March 2026	2,297,674	7,831,704	300,774	10,430,152
Depreciation
At 1 April 2025	148,246	2,562,237	124,024	2,834,507
Charge for the year	15,417	498,413	35,083	548,913
Eliminated on disposal	-	(212,271)	-	(212,271)
At 31 March 2026	163,663	2,848,379	159,107	3,171,149
Carrying amount
At 31 March 2026	2,134,011	4,983,325	141,667	7,259,003
At 31 March 2025	2,149,428	4,508,556	168,751	6,826,735