Falconer Chester Hall Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 9

Falconer Chester Hall Limited

(Registration number: 04082352)
Balance Sheet as at 31 May 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	114,693	91,157
Current assets
Stocks	5	285,019	270,833
Debtors	6	3,301,132	2,705,977
Cash at bank and in hand		104,098	904,075
		3,690,249	3,880,885
Creditors: Amounts falling due within one year	7	(856,327)	(1,237,923)
Net current assets		2,833,922	2,642,962
Total assets less current liabilities		2,948,615	2,734,119
Provisions for liabilities		(42,218)	(59,673)
Net assets		2,906,397	2,674,446
Capital and reserves
Called up share capital		1,001	1,001
Share premium reserve		99,999	99,999
Retained earnings		2,805,397	2,573,446
Shareholders' funds		2,906,397	2,674,446

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 September 2026 and signed on its behalf by:
 

......................................... Mr Quentin Keohane Director

Falconer Chester Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 Temple Street
Liverpool
Merseyside
L2 5RH

These financial statements were authorised for issue by the Board on 16 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Falconer Chester Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026 (continued)

2	Accounting policies (continued)

Financial instruments

Classification
The company only enters into basic financial instruments transactions that results in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
 Recognition and measurement
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest rate method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, banks, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 Impairment
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence, that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss of the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit and loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The reversal impairment is recognised in profit and loss.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Falconer Chester Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026 (continued)

2	Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	20% SL
Motor vehicles	20% SL
Fixtures, fittings & equipment	25% RB

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Falconer Chester Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026 (continued)

2	Accounting policies (continued)

Stocks

Work in progress is valued in accordance with FRS 102. Revenue is recognised as contract activity
progresses to reflect the fair value of services provided as a proportion of the total fair value of each contract.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Falconer Chester Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026 (continued)

2	Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 75 (2025 - 72).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 June 2025	46,232	888,356	1,600	936,188
Additions	4,086	50,799	-	54,885
At 31 May 2026	50,318	939,155	1,600	991,073
Depreciation
At 1 June 2025	46,232	797,199	1,600	845,031
Charge for the year	1,022	30,327	-	31,349
At 31 May 2026	47,254	827,526	1,600	876,380
Carrying amount
At 31 May 2026	3,064	111,629	-	114,693
At 31 May 2025	-	91,157	-	91,157

Included within the net book value of land and buildings above is £3,064 (2025 - £Nil) in respect of long leasehold land and buildings.
 

5

Stocks

	2026 £	2025 £
Work in progress	285,019	270,833

Falconer Chester Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026 (continued)

6

Debtors

	Note	2026 £	2025 £
Trade debtors		35,080	310,409
Amounts owed by related parties	10	2,664,805	2,111,249
Other debtors		205,596	55,342
Prepayments		237,640	228,977
Corporation tax recoverable		158,011	-
		3,301,132	2,705,977

Falconer Chester Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026 (continued)

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	8	128,996	-
Trade creditors		289,852	278,676
Amounts due to related parties	10	-	21,136
Social security and other taxes		332,619	543,042
Other payables		70,798	310,587
Accruals		34,062	84,482
		856,327	1,237,923

8	Loans and borrowings

Current loans and borrowings

	2026 £	2025 £
Bank overdrafts	128,996	-

Falconer Chester Hall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026 (continued)

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2026 £	2025 £
Total amounts payable	623,305	702,116

10	Related party transactions

2026	At 1 June 2025 £	Advances to director £	Repayments by director £	At 31 May 2026 £
Transactions with directors	21,136	(147,950)	24,023	(102,791)

Loans to related parties

2026	Parent £	Other related parties £	Total £
At start of period	2,043,105	68,144	2,111,249
Advanced	548,739	-	548,739
At end of period	2,591,844	68,144	2,659,988

2025	Parent £	Other related parties £	Total £
At start of period	1,851,147	68,144	1,919,291
Advanced	191,958	-	191,958
At end of period	2,043,105	68,144	2,111,249

Terms of loans to related parties

Entity deemed to be a related party due to common directors.