REGISTERED NUMBER: 10951049 (England and Wales)

Churn Investments Limited

Unaudited Financial Statements

for the Year Ended 28 February 2026

Page

Company information

1

Chartered accountants' report

2

Statement of financial position

3

Notes to the financial statements

5

Directors:

T B Robson

Mrs J M Robson

Registered office:

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

Business address:

242 Sleaford Road

Boston

Lincolnshire

PE21 7PG

Registered number:

10951049 (England and Wales)

Accountants:

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Churn Investments Limited for the year ended 28 February 2026 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Churn Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Churn Investments Limited and state those matters that we have agreed to state to the Board of Directors of Churn Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Churn Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Churn Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Churn Investments Limited. You consider that Churn Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Churn Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

25 August 2026

Fixed assets

Tangible assets

5

1,401

1,127

Investment property

6

299,272

299,272

300,673

300,399

Current assets

Debtors

7

1,022,136

1,583,803

Cash at bank

23,005

28,838

1,045,141

1,612,641

Creditors

Amounts falling due within one year

8

580,004

1,164,730

Net current assets

465,137

447,911

Total assets less current liabilities

765,810

748,310

Creditors

Amounts falling due after more than one year

9

(700,000

)

(700,000

)

Provisions for liabilities

(266

)

(214

)

Net assets

65,544

48,096

Capital and reserves

Called up share capital

10

100

100

Retained earnings

65,444

47,996

Shareholders' funds

65,544

48,096

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2026 and were signed on its behalf by:

T B Robson - Director

1.	Statutory information

Churn Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures, fittings and equipment

-

33% on a straight line basis and 25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

4.	Employees and directors

The average number of employees during the year was 2 (2025 - 3 ) .

5.	Tangible fixed assets

Fixtures,

fittings

Plant and

and

machinery

equipment

Totals

£

£

£

Cost

At 1 March 2025

7,800

1,557

9,357

Additions

-

834

834

Disposals

-

(779

)

(779

)

At 28 February 2026

7,800

1,612

9,412

Depreciation

At 1 March 2025

6,673

1,557

8,230

Charge for year

282

278

560

Eliminated on disposal

-

(779

)

(779

)

At 28 February 2026

6,955

1,056

8,011

Net book value

At 28 February 2026

845

556

1,401

At 28 February 2025

1,127

-

1,127

6.	Investment property

Total

£

Fair value

At 1 March 2025

and 28 February 2026

299,272

Net book value

At 28 February 2026

299,272

At 28 February 2025

299,272

7.

Debtors

2026

2025

£

£

Amounts falling due within one year:

Loans

38,199

38,229

Prepayments and accrued income

3,333

3,333

41,532

41,562

2026

2025

£

£

Amounts falling due after more than one year:

Loans

980,604

1,542,241

Aggregate amounts

1,022,136

1,583,803

8.

Creditors: amounts falling due within one year

2026

2025

£

£

Tax

4,041

2,601

Social security and other taxes

-

1,737

Other creditors

14,500

14,663

Directors' loan accounts

553,413

1,096,951

Accruals and deferred income

8,050

48,778

580,004

1,164,730

9.

Creditors: amounts falling due after more than one year

2026

2025

£

£

Directors' loan accounts

700,000

700,000

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary shares

£1

100

100