Registration number: 01630384

Chatham-Glyn Fabrics Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Chatham-Glyn Fabrics Limited

Company Information

Directors

Mr Gary Jacobs Mr Ben Sebastian Jacobs Mr Neil John Samuel Jacobs

Registered office

Silver Rose Unit 21 East Lodge Village East Lodge Lane Enfield United Kingdom EN2 8AS

Accountants

Paul Winston Limited Silver Rose Unit 21 East Lodge Village East Lodge Lane Enfield EN2 8AS

Chatham-Glyn Fabrics Limited

(Registration number: 01630384)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	389,630	432,974
Current assets
Stocks	5	625,700	625,700
Debtors	6	2,659,984	2,402,582
Cash at bank and in hand		2,914,386	3,489,528
		6,200,070	6,517,810
Creditors: Amounts falling due within one year	7	(3,032,822)	(3,925,362)
Net current assets		3,167,248	2,592,448
Total assets less current liabilities		3,556,878	3,025,422
Provisions for liabilities		(105,758)	(105,758)
Net assets		3,451,120	2,919,664
Capital and reserves
Called up share capital	8	3,800	3,800
Retained earnings		3,447,320	2,915,864
Shareholders' funds		3,451,120	2,919,664

For the financial year ending 31 December 2025 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 5 October 2026 and signed on its behalf by:
 

......................................... Mr Gary Jacobs Director

Chatham-Glyn Fabrics Limited

(Registration number: 01630384)
Balance Sheet as at 31 December 2025

......................................... Mr Ben Sebastian Jacobs Director

......................................... Mr Neil John Samuel Jacobs Director

Chatham-Glyn Fabrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

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

The address of its registered office is:
Silver Rose Unit 21 East Lodge Village
East Lodge Lane
Enfield
EN2 8AS
United Kingdom

These financial statements were authorised for issue by the Board on 5 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.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current 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.

Chatham-Glyn Fabrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

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
Plant and machinery	25% net book value
Fixtures and fittings	25% net book value
Motor vehicles	25% net book value
Office equipment	15% net book value

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.

Chatham-Glyn Fabrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

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 34 (2024 - 34).

Chatham-Glyn Fabrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	11,615	286,424	644,679	942,718
Additions	-	13,355	147,012	160,367
Disposals	-	-	(127,639)	(127,639)
At 31 December 2025	11,615	299,779	664,052	975,446
Depreciation
At 1 January 2025	5,444	180,624	323,676	509,744
Charge for the year	-	28,033	97,447	125,480
Eliminated on disposal	-	-	(49,408)	(49,408)
At 31 December 2025	5,444	208,657	371,715	585,816
Carrying amount
At 31 December 2025	6,171	91,122	292,337	389,630
At 31 December 2024	6,171	105,800	321,003	432,974

Included within the net book value of land and buildings above is £6,171 (2024 - £6,171) in respect of short leasehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	625,700	625,700

Chatham-Glyn Fabrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	1,393,563	1,427,877
Other debtors	1,266,421	974,705
	2,659,984	2,402,582

Chatham-Glyn Fabrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	454,325	1,065,865
Trade creditors		176,368	-
Taxation and social security		942,111	688,727
Other creditors		1,460,018	2,170,770
		3,032,822	3,925,362

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	3,800	3,800	3,800	3,800

9	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	454,325	1,065,865

10

Dividends

		2025		2024
		£		£
Interim dividend of £131.58 (2024 - £131.58) per ordinary share		500,000		500,000

11	Related party transactions

Chatham-Glyn Fabrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	125,605	113,915
Contributions paid to money purchase schemes	3,571	4,320
	129,176	118,235

Summary of transactions with parent

Eastwood Properties Ltd The company is wholly owned by Eastwood Properties Ltd
During the year the company paid rent to the parent company of £37,900 (2024 £37,900).

12	Parent and ultimate parent undertaking

The company's immediate parent is Eastwood Properties Limited, incorporated in England.