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REGISTERED NUMBER: 05097846 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

CHURCHILL HOUSE SECURITIES LIMITED

CHURCHILL HOUSE SECURITIES LIMITED (REGISTERED NUMBER: 05097846)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHURCHILL HOUSE SECURITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: R J Metcalfe
Mrs S M Metcalfe
Mrs A V Metcalfe





SECRETARY: Mrs S M Metcalfe





REGISTERED OFFICE: St Paul's House
23 Park Square
Leeds
LS1 2ND





REGISTERED NUMBER: 05097846 (England and Wales)





ACCOUNTANTS: Sedulo Leeds Limited
St Paul's House
23 Park Square
Leeds
West Yorkshire
LS1 2ND

CHURCHILL HOUSE SECURITIES LIMITED (REGISTERED NUMBER: 05097846)

BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,138 25,301

CURRENT ASSETS
Stocks 25,729 20,099
Debtors 5 521,176 438,406
Cash at bank and in hand 647,635 603,578
1,194,540 1,062,083
CREDITORS
Amounts falling due within one year 6 714,461 782,999
NET CURRENT ASSETS 480,079 279,084
TOTAL ASSETS LESS CURRENT LIABILITIES 537,217 304,385

CREDITORS
Amounts falling due after more than one year 7 133,517 186,967
NET ASSETS 403,700 117,418

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 403,600 117,318
SHAREHOLDERS' FUNDS 403,700 117,418

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

CHURCHILL HOUSE SECURITIES LIMITED (REGISTERED NUMBER: 05097846)

BALANCE SHEET - continued
31 DECEMBER 2022


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 Board of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by:





R J Metcalfe - Director


CHURCHILL HOUSE SECURITIES LIMITED (REGISTERED NUMBER: 05097846)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

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

The principal activity of the company in the year under review was that of the operation of a hotel.

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.

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

At the time of signing these accounts, having considered the economic climate, the Directors expectations and intentions for the next twelve months, and the availability of working capital, the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


CHURCHILL HOUSE SECURITIES LIMITED (REGISTERED NUMBER: 05097846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employer financed retirement benefit scheme (efrbs)
The Company has established an employer financed retirement benefit scheme for the benefit of its officers, employees and their wider families, The Churchill House Securities Limited 2012 EFRBS ('the scheme').

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 72 (2021 - 66 ) .

CHURCHILL HOUSE SECURITIES LIMITED (REGISTERED NUMBER: 05097846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 692,831
Additions 63,339
At 31 December 2022 756,170
DEPRECIATION
At 1 January 2022 667,530
Charge for year 31,502
At 31 December 2022 699,032
NET BOOK VALUE
At 31 December 2022 57,138
At 31 December 2021 25,301

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 16,316 11,619
Amounts owed by group undertakings 464,735 411,115
Other debtors 40,125 15,672
521,176 438,406

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 53,212 48,033
Trade creditors 449,489 568,048
Taxation and social security 152,024 96,221
Other creditors 59,736 70,697
714,461 782,999

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans 133,517 186,967

CHURCHILL HOUSE SECURITIES LIMITED (REGISTERED NUMBER: 05097846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


8. CONTINGENT LIABILITIES

The company has entered into a debenture dated 16 November 2012 in respect of the borrowings of its parent undertaking. The amount outstanding at 31 December 2022 was £1,179,494 (2021: £1,255,136).