REGISTERED NUMBER: 07848928 (England and Wales)

Unaudited Financial Statements

For The Year Ended 28 February 2026

for

Churchwood Valley Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

64,680

70,000

Tangible assets

5

2,656,361

2,752,049

2,721,041

2,822,049

CURRENT ASSETS

Stocks

14,672

14,392

Debtors

6

43,975

46,682

Cash at bank and in hand

1,801

2,562

60,448

63,636

CREDITORS

Amounts falling due within one year

7

497,980

599,195

NET CURRENT LIABILITIES

(437,532

)

(535,559

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,283,509

2,286,490

CREDITORS

Amounts falling due after more than one year

8

(359,741

)

(370,793

)

PROVISIONS FOR LIABILITIES

(23,941

)

(18,039

)

NET ASSETS

1,899,827

1,897,658

CAPITAL AND RESERVES

Called up share capital

200

200

Revaluation reserve

10

1,683,885

1,683,885

Retained earnings

215,742

213,573

SHAREHOLDERS' FUNDS

1,899,827

1,897,658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Income Statement 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:

J C Stansell Deceased - Director

Mrs S A Stansell - Director

1.	STATUTORY INFORMATION

Churchwood Valley Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07848928

Registered office:

1 Darklake View

Plymouth

Devon

PL6 7TL

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.

These accounts have been prepared on the going concern basis. The directors have confirmed continued support and consider that the company retains sufficient working capital to continue to trade for the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2012, is being amortised over its estimated useful life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised evenly over the estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance, 20% on cost and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2025 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 March 2025

200,000

-

200,000

Additions

-

5,850

5,850

At 28 February 2026

200,000

5,850

205,850

AMORTISATION

At 1 March 2025

130,000

-

130,000

Charge for year

10,000

1,170

11,170

At 28 February 2026

140,000

1,170

141,170

NET BOOK VALUE

At 28 February 2026

60,000

4,680

64,680

At 28 February 2025

70,000

-

70,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2025

2,482,339

447,200

2,929,539

Additions

-

960

960

Disposals

(51,654

)

(1

)

(51,655

)

Transfer to ownership

-

(8,105

)

(8,105

)

At 28 February 2026

2,430,685

440,054

2,870,739

DEPRECIATION

At 1 March 2025

39,340

138,150

177,490

Charge for year

18,927

26,066

44,993

Transfer to ownership

-

(8,105

)

(8,105

)

At 28 February 2026

58,267

156,111

214,378

NET BOOK VALUE

At 28 February 2026

2,372,418

283,943

2,656,361

At 28 February 2025

2,442,999

309,050

2,752,049

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 March 2025

8,105

Transfer to ownership

(8,105

)

At 28 February 2026

-

DEPRECIATION

At 1 March 2025

6,484

Charge for year

1,621

Transfer to ownership

(8,105

)

At 28 February 2026

-

NET BOOK VALUE

At 28 February 2026

-

At 28 February 2025

1,621

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Other debtors

43,975

46,682

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans and overdrafts

29,690

133,298

Hire purchase contracts and finance leases (see note 9)

1,058

1,964

Trade creditors

90,115

74,143

Taxation and social security

23,295

17,802

Other creditors

353,822

371,988

497,980

599,195

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans

359,741

370,621

Hire purchase contracts and finance leases (see note 9)

-

172

359,741

370,793

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

268,438

240,276

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

Finance leases

28.2.26

28.2.25

28.2.26

28.2.25

£

£

£

£

Net obligations repayable:

Within one year

1,058

-

-

1,964

Between one and five years

-

-

-

172

1,058

-

-

2,136

Non-cancellable

operating leases

28.2.26

28.2.25

£

£

Within one year

120

589

Between one and five years

-

49

120

638

10.

RESERVES

Revaluation

reserve

£

At 1 March 2025

and 28 February 2026

1,683,885