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REGISTERED NUMBER: 05222796 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

CHRISFYS PROPERTIES LIMITED

CHRISFYS PROPERTIES LIMITED (REGISTERED NUMBER: 05222796)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHRISFYS PROPERTIES LIMITED

COMPANY INFORMATION
for the year ended 31 December 2021







DIRECTORS: C J E Allison
S M Bakewell
P W Nelson
W R Woodward-Fisher





REGISTERED OFFICE: Magma House
Castle Mound Way
Rugby
CV23 0UZ





REGISTERED NUMBER: 05222796 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Magma House
16 Davy Court
Castle Mound Way
Rugby
CV23 0UZ

CHRISFYS PROPERTIES LIMITED (REGISTERED NUMBER: 05222796)

BALANCE SHEET
31 December 2021

2021 2020
Notes £    £   
FIXED ASSETS
Tangible assets 4 100,000 -

CURRENT ASSETS
Debtors 5 280 320
Cash at bank 12,254 9,261
12,534 9,581
CREDITORS
Amounts falling due within one year 6 (6,705 ) (2,320 )
NET CURRENT ASSETS 5,829 7,261
TOTAL ASSETS LESS CURRENT LIABILITIES 105,829 7,261

PROVISIONS FOR LIABILITIES (25,000 ) -
NET ASSETS 80,829 7,261

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 80,828 7,260
SHAREHOLDERS' FUNDS 80,829 7,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2022 and were signed on its behalf by:





P W Nelson - Director


CHRISFYS PROPERTIES LIMITED (REGISTERED NUMBER: 05222796)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2021


1. STATUTORY INFORMATION

Chrisfys Properties Limited is a limited company, registered in England and Wales. Its registered office address is 24 Ives Street, London, SW3 2ND and the registered number is 05222796.

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.

The financial statements are presented in Sterling (£).

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Fixtures & fittings - 20% straight line per annum

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


CHRISFYS PROPERTIES LIMITED (REGISTERED NUMBER: 05222796)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2021


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4. TANGIBLE FIXED ASSETS
Freehold Fixtures
land & and
buildings fittings Totals
£    £    £   
COST OR VALUATION
At 1 January 2021 - 46,257 46,257
Revaluations 100,000 - 100,000
At 31 December 2021 100,000 46,257 146,257
DEPRECIATION
At 1 January 2021
and 31 December 2021 - 46,257 46,257
NET BOOK VALUE
At 31 December 2021 100,000 - 100,000
At 31 December 2020 - - -

Cost or valuation at 31 December 2021 is represented by:

Freehold Fixtures
land & and
buildings fittings Totals
£    £    £   
Valuation in 2021 100,000 - 100,000
Cost - 46,257 46,257
100,000 46,257 146,257

CHRISFYS PROPERTIES LIMITED (REGISTERED NUMBER: 05222796)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2021


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 280 320

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors - 720
Amounts owed to group undertakings 5,200 -
Other creditors 1,505 1,600
6,705 2,320