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REGISTERED NUMBER: 09821648 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Old Christchurch Limited

Old Christchurch Limited (Registered number: 09821648)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Old Christchurch Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: D S Mayer
J Mayer
Mrs K S Barnes





REGISTERED OFFICE: 11 Gleneagles Court
Brighton Road
Crawley
West Sussex
RH10 6AD





REGISTERED NUMBER: 09821648 (England and Wales)





ACCOUNTANTS: Sigma Partners
Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE

Old Christchurch Limited (Registered number: 09821648)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,896,713 2,947,898

CURRENT ASSETS
Debtors 5 1 1
Cash at bank 41,090 82,931
41,091 82,932
CREDITORS
Amounts falling due within one year 6 26,195 33,102
NET CURRENT ASSETS 14,896 49,830
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,911,609

2,997,728

CREDITORS
Amounts falling due after more than one
year

7

(1,842,930

)

(1,897,051

)

PROVISIONS FOR LIABILITIES (181,059 ) (193,855 )
NET ASSETS 887,620 906,822

CAPITAL AND RESERVES
Called up share capital 1 1
Other reserves 866,360 917,545
Retained earnings 21,259 (10,724 )
SHAREHOLDERS' FUNDS 887,620 906,822

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

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

Old Christchurch Limited (Registered number: 09821648)

Statement of Financial Position - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:





D S Mayer - Director


Old Christchurch Limited (Registered number: 09821648)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Old Christchurch 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 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 2,947,898
Revaluations (51,185 )
At 31 October 2023 2,896,713
NET BOOK VALUE
At 31 October 2023 2,896,713
At 31 October 2022 2,947,898

Old Christchurch Limited (Registered number: 09821648)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2017 245,178
Valuation in 2018 69,123
Valuation in 2019 22,427
Valuation in 2020 158,690
Valuation in 2021 220,566
Valuation in 2022 201,561
Valuation in 2023 (51,185 )
Cost 2,030,353
2,896,713

If investment property had not been revalued it would have been included at the following historical cost:

31.10.23 31.10.22
£    £   
Cost 2,030,353 2,030,353

investment property was valued on an open market basis on 31 October 2023 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 1 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 14,966 13,903
Taxation and social security - 3,754
Other creditors 11,229 15,445
26,195 33,102

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 1,049,058 1,134,256
Other creditors 793,872 762,795
1,842,930 1,897,051

Old Christchurch Limited (Registered number: 09821648)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 1,064,024 1,148,159

Bank loans are secured by a first legal charge over the Investment Property held by this company and an unlimited debenture.

9. ULTIMATE CONTROLLING PARTY

The immediate controlling party is considered to be Mayer Property Ltd by virtue of their shareholding of 100% of the share capital.

The ultimate controlling party is considered to be Dean Mayer who is also a director and shareholder in the parent company.