Registration number: 15882168

The Trafalgar Chelsea Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

The Trafalgar Chelsea Ltd

Company Information

Directors

NM Fox M Reynolds T Peake

Registered office

224-226 King's Road London England SW3 5UA

Accountants

Carbon Accountancy Limited Chartered Accountants80-83 Long Lane London EC1A 9ET

The Trafalgar Chelsea Ltd

(Registration number: 15882168)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	2,214,313	-
Current assets
Stocks	5	34,950	-
Debtors	6	15,940	126,190
Cash at bank and in hand		148,059	4,503
		198,949	130,693
Creditors: Amounts falling due within one year	7	(2,733,660)	(137,012)
Net current liabilities		(2,534,711)	(6,319)
Net liabilities		(320,398)	(6,319)
Capital and reserves
Called up share capital	8	3	3
Retained earnings		(320,401)	(6,322)
Shareholders' deficit		(320,398)	(6,319)

For the financial year ending 31 March 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 1 October 2026 and signed on its behalf by:
 

......................................... NM Fox Director

The Trafalgar Chelsea Ltd

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

1	General information

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

The address of its registered office is:
224-226 King's Road
London
SW3 5UA
England

These financial statements were authorised for issue by the Board on 1 October 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.

Going concern

Despite the shareholders' deficit at the balance sheet date, the directors have given their support for the continued trading of the company. During the year, the company completed its refurbishment works of the business premises, commencing trading in October 2025. As such, the financial statements have been prepared on a going concern basis.

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.

The Trafalgar Chelsea Ltd

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

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 property	Over the term of the lease
Fixtures, fittings and equipment	10% straight line
Plant and machinery	10% straight line

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

The Trafalgar Chelsea Ltd

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

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 38 (2025 - 1).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Plant and machinery £	Total £
Cost or valuation
Additions	1,110,075	706,174	496,475	2,312,724
At 31 March 2026	1,110,075	706,174	496,475	2,312,724
Depreciation
Charge for the year	38,278	35,309	24,824	98,411
At 31 March 2026	38,278	35,309	24,824	98,411
Carrying amount
At 31 March 2026	1,071,797	670,865	471,651	2,214,313

Included within the net book value of land and buildings above is £1,071,797 (2025 - £Nil) in respect of short leasehold land and buildings.
 

5

Stocks

	2026 £	2025 £
Other inventories	34,950	-

6

Debtors

Current	2026 £	2025 £
Prepayments	15,937	107,490
Other debtors	3	18,700
	15,940	126,190

The Trafalgar Chelsea Ltd

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

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Trade creditors		70,885	30,354
Amounts owed to related parties	10	2,027,100	102,100
Taxation and social security		75,602	-
Accruals and deferred income		265,071	4,558
Other creditors		295,002	-
		2,733,660	137,012

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary A of £1 each	3	3	3	3

The Trafalgar Chelsea Ltd

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

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2026 £	2025 £
Not later than one year	75,000	-
Later than one year and not later than five years	1,200,000	1,200,000
Later than five years	2,625,000	2,700,000
	3,900,000	3,900,000

The amount of non-cancellable operating lease payments recognised as an expense during the year was £Nil (2025 - £Nil).

10	Related party transactions

Transactions with related parties

The Bolingbroke Pub Limited (company under common control)
At the balance sheet date, the company owed The Bolingbroke Pub Limited £2,027,100 (2025 - £102,100). No interest is charged on the balance of the loan, which is repayable on demand.

11	Parent and ultimate parent undertaking

The ultimate controlling party is the directors, by virtue of their shareholding.