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REGISTERED NUMBER: 10499653 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

ELY PROPERTIES CHRISTCHURCH LIMITED

ELY PROPERTIES CHRISTCHURCH LIMITED (REGISTERED NUMBER: 10499653)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Balance sheet 1

Notes to the financial statements 3


ELY PROPERTIES CHRISTCHURCH LIMITED (REGISTERED NUMBER: 10499653)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Investments 4 1,667 1,667
Investment property 5 1,238,125 1,238,125
1,239,792 1,239,792

Current assets
Debtors 6 1,327 1,251
Cash at bank 56,807 27,191
58,134 28,442
Creditors
Amounts falling due within one year 7 1,103,967 1,101,331
Net current liabilities (1,045,833 ) (1,072,889 )
Total assets less current liabilities 193,959 166,903

Provisions for liabilities 8 26,073 26,073
Net assets 167,886 140,830

Capital and reserves
Called up share capital 9 200 200
Fair value reserve 10 111,148 111,148
Retained earnings 56,538 29,482
Shareholders' funds 167,886 140,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

ELY PROPERTIES CHRISTCHURCH LIMITED (REGISTERED NUMBER: 10499653)

BALANCE SHEET - continued
30 SEPTEMBER 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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2024 and were signed on its behalf by:





Ms E J King - Director


ELY PROPERTIES CHRISTCHURCH LIMITED (REGISTERED NUMBER: 10499653)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. Statutory information

ELY Properties Christchurch Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10499653. The registered office and business address is 14 River Way, Christchurch, Dorset, BH23 2QW.

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
Turnover represents rents receivable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the statement of comprehensive income.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

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

4. Fixed asset investments

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Gin Box Bonds 1,667 1,667

ELY PROPERTIES CHRISTCHURCH LIMITED (REGISTERED NUMBER: 10499653)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. Investment property
Total
£   
Fair value
At 1 October 2022
and 30 September 2023 1,238,125
Net book value
At 30 September 2023 1,238,125
At 30 September 2022 1,238,125

The investment properties were valued by the directors on an open market basis in the year ended 30 September 2023.

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2021 93,070
Valuation in 2022 44,150
Cost 1,100,905
1,238,125

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 975 925
Prepayments and accrued income 352 326
1,327 1,251

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 94 89
Tax 7,285 5,726
Other creditors 1,092,215 1,091,215
Directors' current accounts 1,800 1,800
Accruals and deferred income 2,573 2,501
1,103,967 1,101,331

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 26,073 26,073

Deferred
tax
£   
Balance at 1 October 2022 26,073
Balance at 30 September 2023 26,073

ELY PROPERTIES CHRISTCHURCH LIMITED (REGISTERED NUMBER: 10499653)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 "A" Ordinary £1 50 50
50 "B" Ordinary £1 50 50
50 "C" Ordinary £1 50 50
50 "D" Ordinary £1 50 50
200 200

10. Reserves
Fair
value
reserve
£   
At 1 October 2022
and 30 September 2023 111,148

11. Ultimate controlling party

The Company is under the control of the Directors (and close family members), by virtue of their combined 100% holding of the issued voting share capital of the Company.