Company No: 02840203 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
				Restated - note 2
Fixed assets
Tangible assets	4	4,239		5,082
Investments	5	0		294,595
		4,239		299,677
Current assets
Stocks		0		201,833
Debtors	6	1,933,004		1,527,251
Cash at bank and in hand		5,213		1,863
		1,938,217		1,730,947
Creditors: amounts falling due within one year	7	( 53,010)		( 28,602)
Net current assets		1,885,207		1,702,345
Total assets less current liabilities		1,889,446		2,002,022
Provision for liabilities	8	( 389)		( 577)
Net assets		1,889,057		2,001,445
Capital and reserves
Called-up share capital	9	100		100
Profit and loss account		1,888,957		2,001,345
Total shareholders' funds		1,889,057		2,001,445

For the financial year ending 30 April 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Chishomes Limited (registered number: 02840203) were approved and authorised for issue by the Board of Directors on 01 September 2026. They were signed on its behalf by:

Anton Henryk Chisholm Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Chishomes Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Karanda, Ilsham Marine Drive, Torquay, TQ1 2HT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Prior year adjustment

During the year, it was identified that shares in Acona Ltd, which were transferred to the company in September 2024, had not been recognised in the prior year's financial statements. As the company held the investment at the prior year end, the comparative figures have been restated to include the investment at the appropriate carrying value as at that date. Further detail on this adjustment can be found in Note 2.

Turnover

Turnover represents interest income generated from the provision of short-term loans, being the company's principal business activity. The company has changed its principal activity to lending and, accordingly, interest income is presented as turnover. In prior years, such income was reported within other operating income.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery

10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Prior year adjustment

During the year, it was identified that shares in Acona Ltd, which were transferred to the company in September 2024, had not been recognised in the prior year's financial statements. As the company held the investment at the prior year end, the comparative figures have been restated to include the investment at the appropriate carrying value as at that date.

The Aconda shares were subsequently sold during the current financial year. The prior year adjustment has been made to ensure that the financial statements accurately reflect the company's assets at the prior year reporting date. Further details are below:

		As previously reported		Adjustment		As restated
Year ended 30 April 2025		£		£		£
Investment in Acona Ltd		0		50		50
Unpaid investments		0		(50)		(50)

3. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

4. Tangible assets

	Plant and machinery		Total
	£		£
Cost
At 01 May 2025	54,670		54,670
At 30 April 2026	54,670		54,670
Accumulated depreciation
At 01 May 2025	49,588		49,588
Charge for the financial year	843		843
At 30 April 2026	50,431		50,431
Net book value
At 30 April 2026	4,239		4,239
At 30 April 2025	5,082		5,082

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 May 2025	294,595		294,595
Disposals	( 294,595)		( 294,595)
At 30 April 2026	0		0
Carrying value at 30 April 2026	0		0
Carrying value at 30 April 2025	294,595		294,595

6. Debtors

	2026		2025
	£		£
Amounts owed by directors	0		8,725
Prepayments	10,504		8,026
Other debtors	1,922,500		1,510,500
	1,933,004		1,527,251

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Amounts owed to directors	11,387		0
Accruals	3,400		3,250
Taxation and social security	38,223		25,302
Other creditors	0		50
	53,010		28,602

8. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 577)		( 640)
Credited to the Statement of Income and Retained Earnings	188		63
At the end of financial year	( 389)		( 577)

9. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
50 C ordinary shares of £ 0.10 each	5		5
50 D ordinary shares of £ 0.10 each	5		5
50 B ordinary shares of £ 0.10 each	5		5
850 Ordinary shares of £ 0.10 each	85		85
	100		100

10. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Amounts owed to directors (2025 owed by directors)	11,387		(8,725)

Interest on owed balances is payable on this balance at HMRC's official rate of interest (3.75%) and there is no fixed date for repayment.