Chisholm Consultancy Limited


Directors	Mr E J Chisholm
	Mr I Chisholm


Registered Address	Lower Rock House
	Rock
	Wadebridge
	PL27 6LB


Registered Number	02887413 (England and Wales)

Balance Sheet as at
30 June 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,010,996		1,027,382
			1,010,996		1,027,382
Current assets
Debtors		306,118		262,358
Current asset investments	4	16,890		16,890
Cash at bank and on hand		16,939		18,797
		339,947		298,045
Creditors amounts falling due within one year	5	(34,023)		(18,207)
Net current assets (liabilities)			305,924		279,838
Total assets less current liabilities			1,316,920		1,307,220
Provisions for liabilities	6		(86,568)		(86,568)
Net assets			1,230,352		1,220,652
Capital and reserves
Called up share capital			8		8
Profit and loss account			1,230,344		1,220,644
Shareholders' funds			1,230,352		1,220,652

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 20 November 2025, and are signed on its behalf by:

Mr I Chisholm
Director
Registered Company No. 02887413

Chisholm Consultancy Limited

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	20

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Land & buildings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 July 24	1,020,455	31,600	1,052,055
Revaluations	14,000	-	14,000
Disposals	(29,000)	-	(29,000)
At 30 June 25	1,005,455	31,600	1,037,055
Depreciation and impairment
At 01 July 24	-	24,673	24,673
Charge for year	-	1,386	1,386
At 30 June 25	-	26,059	26,059
Net book value
At 30 June 25	1,005,455	5,541	1,010,996
At 30 June 24	1,020,455	6,927	1,027,382

4.	Current asset investments

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	19,820	16,030
Other creditors	13,099	1,145
Accrued liabilities and deferred income	1,104	1,032
Total	34,023	18,207


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	86,568	86,568
Total	86,568	86,568

7.	Directors advances, credits and guarantees
	The net movement in the directors loan during the year was an increase of £11,923. The balance due to the director at the year end was £12,303 (2024 £380). The loan is non-interest bearing and repayable on demand.

8.	Related party transactions
	The company entered into transactions during the year with Priory Estates (Cornwall) Limited, a company in which Mr I Chisholm is director. At the balance sheet date, and amount of £31,118 (2024 £62,358) was due to Chisholm Consultancy Limited from Priory Estates (Cornwall) Limited.