REGISTERED NUMBER: 04614732 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2025

FOR

CHEALWATCH LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

425

246

425

246

CURRENT ASSETS

Stocks

7

400

400

Debtors

8

4,901

4,223

Cash at bank

15,022

25,112

20,323

29,735

CREDITORS

Amounts falling due within one year

9

4,336

7,355

NET CURRENT ASSETS

15,987

22,380

TOTAL ASSETS LESS CURRENT LIABILITIES

16,412

22,626

PROVISIONS FOR LIABILITIES

10

81

47

NET ASSETS

16,331

22,579

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

16,329

22,577

SHAREHOLDERS' FUNDS

16,331

22,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2026 and were signed on its behalf by:

Mr C C Heal - Director

Mrs J T Heal - Director

1.	STATUTORY INFORMATION

Chealwatch 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:

04614732

Registered office:

48 St Leonards Road

Bexhill on Sea

East Sussex

TN40 1JB

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

The turnover shown in the profit and loss account represents amounts invoiced during the year.

Goodwill

At 31 December 2015, the estimation technique used to set the amortisation policy for Goodwill was reassessed. It was decided that the amortisation policy should be changed from 5% straight line to 10% straight line, so that this policy better reflected the economic life of Goodwill. As a result of this change, Goodwill was fully amortised in the year to 31 December 2015.

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.

Tangible fixed assets

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

Workshop

-

15% on reducing balance

Computer equipment

-

33% on cost

Fixtures and fittings

-

15% on reducing balance

Equipment

-

15% on reducing balance

All fixed assets are initially recorded at cost.

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 Profit and Loss Account, 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.

Financial instruments

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

55,000

AMORTISATION

At 1 January 2025

and 31 December 2025

55,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Computer

and

Workshop

equipment

fittings

Equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

1,486

4,011

1,143

991

7,631

Additions

-

395

-

-

395

At 31 December 2025

1,486

4,406

1,143

991

8,026

DEPRECIATION

At 1 January 2025

1,486

3,952

1,143

804

7,385

Charge for year

-

188

-

28

216

At 31 December 2025

1,486

4,140

1,143

832

7,601

NET BOOK VALUE

At 31 December 2025

-

266

-

159

425

At 31 December 2024

-

59

-

187

246

7.

STOCKS

2025

2024

£

£

Stocks

400

400

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Directors' current account

4,901

4,223

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

59

Corporation tax

1,876

4,837

Accruals and deferred income

2,460

2,459

4,336

7,355

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

81

47

Deferred tax

£

Balance at 1 January 2025

47

Provided during year

34

Balance at 31 December 2025

81

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Amounts due from directors at the balance sheet date total £4,901 (2024: £4,223). Amounts due are interest-free, unsecured, and repayable on demand