Church House Properties Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02400913 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

FOR

CHURCH HOUSE PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs P C M Cross

REGISTERED OFFICE:

Church House

Plungar

Leicestershire

NG13 0JA

REGISTERED NUMBER:

02400913 (England and Wales)

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

303

Tangible assets

4

815

2,615,035

Investment property

5

2,615,035

2,615,338

2,615,850

CURRENT ASSETS

6,479

Debtors

6

5,704

83,057

Cash at bank

128,850

89,536

134,554

CREDITORS

65,583

Amounts falling due within one year

7

59,403

23,953

NET CURRENT ASSETS

75,151

2,639,291

TOTAL ASSETS LESS CURRENT LIABILITIES

2,691,001

102,382

PROVISIONS FOR LIABILITIES

102,479

2,536,909

NET ASSETS

2,588,522

CAPITAL AND RESERVES

1,089

Called up share capital

8

1,089

406,850

Revaluation reserve

9

406,850

2,128,970

Retained earnings

2,180,583

2,536,909

SHAREHOLDERS' FUNDS

2,588,522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2022 and were signed by:

Mrs P C M Cross - Director

1.	STATUTORY INFORMATION

Church House Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

The company derives its income from rents receivable, which are accounted for on the accruals basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance

Office equipment - 15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any surplus arising from changes in market value is transferred to a revaluation reserve, any deficit is written off through the profit and loss account.

Financial instruments

The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statemernts such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Office

Totals

machinery

equipment

£

£

£

COST OR VALUATION

At 1 June 2021

6,499

306

6,193

Additions

655

-

655

Disposals

(5,611

)

(306

)

(5,305

)

At 31 May 2022

1,543

-

1,543

DEPRECIATION

At 1 June 2021

6,196

306

5,890

Charge for year

143

-

143

Eliminated on disposal

(5,611

)

(306

)

(5,305

)

At 31 May 2022

728

-

728

NET BOOK VALUE

At 31 May 2022

815

-

815

At 31 May 2021

303

-

303

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2021

and 31 May 2022

2,615,035

NET BOOK VALUE

At 31 May 2022

2,615,035

At 31 May 2021

2,615,035

Fair value at 31 May 2022 is represented by:

£

Valuation in 2009

552,741

Valuation in 2010

112,584

Valuation in 2011

85,443

Valuation in 2012

38,862

Valuation in 2013

72,000

Valuation in 2014

4,000

Valuation in 2016

15,511

Valuation in 2017

40,000

Valuation in 2019

(382,593

)

Cost

2,076,487

2,615,035

If Investment properties had not been revalued they would have been included at the following historical cost:

31.5.22

31.5.21

£

£

Cost

2,076,487

2,076,487

Investment properties were valued on an open market basis on 31 May 2022 by Mrs P C M Cross, director and shareholder .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Trade debtors

2,575

1,043

Other debtors

3,129

5,436

5,704

6,479

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Taxation and social security

20,486

19,227

Other creditors

38,917

46,356

59,403

65,583

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.22

31.5.21

value:

£

£

1,089

Ordinary

£1

1,089

1,089

9.

RESERVES

Revaluation

reserve

£

At 1 June 2021

and 31 May 2022

406,850