Chorley BC Property Ltd

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—3

Registered number: 12515474

		2026		2025
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	-		1,018,764
Cash at bank and in hand		24,554		18,585

		24,554		1,037,349
Creditors: Amounts Falling Due Within One Year	5	(22,313 )		(1,038,608 )

NET CURRENT ASSETS (LIABILITIES)			2,241		(1,259 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,241		(1,259 )

NET ASSETS/(LIABILITIES)			2,241		(1,259 )

CAPITAL AND RESERVES
Called up share capital			1		1
Income Statement			2,240		(1,260 )

SHAREHOLDERS' FUNDS			2,241		(1,259)

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mrs Gayle Wootton

Director

11/08/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Chorley BC Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12515474 . The registered office is Town Hall, Market Street, Chorley, PR7 1DP.

The Company has one shareholder, Chorley Council.

The liability of the member is limited to £1, being the amount that the member undertakes to contribute

to the assets of the Company in event of it being wound up.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis.

As at 31 March 2026, the net assets of the Company are reported to be £2,241.

The Company derives it’s income from a lease that is effective through to 3 September 2034 with no

break clause; this is subject to 5 yearly rent reviews linked to RPI. The next rent review is due on 3

September 2024.

After making appropriate enquiries, the Director has a reasonable expectation that the Company has

adequate resources to continue in operational existence for the foreseeable future based on cash flow

forecasts. Accordingly, the going concern basis has been adopted in preparing the financial statements.

2.3. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the

reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that

it relates to items recognised in other comprehensive income or directly in capital and reserves. In this

case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax is recognised on taxable profit.

Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws

that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in

respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax

assets are recognised to the extent that 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

2.4. Revenue Recognition

Rental income is recognised in respect of the period to which it relates.

All income is stated exclusive of Value Added Tax.

2.5. Debtors

All debtors are measured at transaction price, less any impairment.

2.6. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty

or notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no

more than three months from the date of acquisition and that are readily convertible to known amounts

of cash with insignificant risk of change in value.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

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Chorley BC Property Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	-	587,624
Other debtors	-	431,140

	-	1,018,764

5. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	960	586,425
Other creditors	20,000	452,019
Taxation and social security	1,353	164

	22,313	1,038,608

6. Related Party Disclosures

The Company is wholly owned by Chorley Council.

Within the Statement of Financial Position, as at 31 March 2026, the amount included within Creditors

as owed by Chorley BC Property Ltd to Chorley Council is £NIL, and the amount included in

Debtors as owed by Chorley Council to Chorley BC Property Ltd was NIL.

During the year, rent of £1,920,202 was payable to Chorley Council in respect of the lease of Logistics

House; this amount is shown within the Cost of Sales figure within the Statement of Comprehensive

Income.

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