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REGISTERED NUMBER: 04498549 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

S.J. CHURCHILL LIMITED

S.J. CHURCHILL LIMITED (REGISTERED NUMBER: 04498549)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S.J. CHURCHILL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: S J Churchill
Mrs E U Churchill





SECRETARY: Mrs E U Churchill





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 04498549 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

S.J. CHURCHILL LIMITED (REGISTERED NUMBER: 04498549)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 215,000 215,000

CURRENT ASSETS
Cash at bank 46 1,497

CREDITORS
Amounts falling due within one year 5 125,027 136,118
NET CURRENT LIABILITIES (124,981 ) (134,621 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,019

80,379

CAPITAL AND RESERVES
Called up share capital 101 101
Other reserves 6 24,298 24,298
Retained earnings 6 65,620 55,980
SHAREHOLDERS' FUNDS 90,019 80,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

S.J. CHURCHILL LIMITED (REGISTERED NUMBER: 04498549)

BALANCE SHEET - continued
31 MAY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





S J Churchill - Director


S.J. CHURCHILL LIMITED (REGISTERED NUMBER: 04498549)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

S.J. Churchill Limited 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.

2. ACCOUNTING POLICIES

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

In accordance with the provisions of FRS 102 freehold investment buildings are not depreciated.

This is in contravention to the Companies Act 2006 which requires all tangible fixed assets to be depreciated. The directors are of the opinion that this departure from the Companies Act 2006 is needed to present a true and fair view.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

S.J. CHURCHILL LIMITED (REGISTERED NUMBER: 04498549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 215,000
NET BOOK VALUE
At 31 May 2023 215,000
At 31 May 2022 215,000

On a historical cost basis the property would have been included at an original cost of £190,702 based on available information to the directors. An appraisal of the investment property has been made by directors on a fair value basis as at 31 May 2023.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,838
Taxation and social security 2,848 2,811
Other creditors 122,179 131,469
125,027 136,118

6. RESERVES

The other reserve is the former revaluation reserve that is non distributable.

S.J. CHURCHILL LIMITED (REGISTERED NUMBER: 04498549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


7. RELATED PARTY DISCLOSURES

Bickerley Garage Ringwood Ltd

A company under common control.

Non interest bearing loan on which no terms of repayment have been agreed. The amount due to Bickerley Garage Ringwood Ltd at the balance sheet date was £39,659 (2022 - £44,659).


Malvern Garage Ltd

A company in which Mr & Mrs Churchill are directors and shareholders.

Non interest bearing loan on which no terms of repayment have been agreed. The amount due to Malvern Garage Ltd at the balance sheet date was £81,405 (2022 - £85,194).