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REGISTERED NUMBER: 11787946 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

CHURCHGATE COMMERCIAL HOLDINGS LIMITED

CHURCHGATE COMMERCIAL HOLDINGS LIMITED (REGISTERED NUMBER: 11787946)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHURCHGATE COMMERCIAL HOLDINGS LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTOR: J E Billingham





REGISTERED OFFICE: c/o BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF





REGISTERED NUMBER: 11787946 (England and Wales)





ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF

CHURCHGATE COMMERCIAL HOLDINGS LIMITED (REGISTERED NUMBER: 11787946)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,205,285 600,476

CURRENT ASSETS
Debtors 5 24,289 21,105
Cash at bank 61,314 21,444
85,603 42,549
CREDITORS
Amounts falling due within one year 6 974,468 612,104
NET CURRENT LIABILITIES (888,865 ) (569,555 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

316,420

30,921

CREDITORS
Amounts falling due after more than one
year

7

270,000

-
NET ASSETS 46,420 30,921

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 46,419 30,920
SHAREHOLDERS' FUNDS 46,420 30,921

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 March 2024 and were signed by:





J E Billingham - Director


CHURCHGATE COMMERCIAL HOLDINGS LIMITED (REGISTERED NUMBER: 11787946)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Churchgate Commercial Holdings 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.

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.

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 600,476
Additions 604,809
At 30 June 2023 1,205,285
NET BOOK VALUE
At 30 June 2023 1,205,285
At 30 June 2022 600,476

In the opinion of the directors, the open market value of the investment properties at the year end is not materially different than their original cost of £1,205,285. No adjustment has therefore been made to the carrying value of the properties within the accounts.

CHURCHGATE COMMERCIAL HOLDINGS LIMITED (REGISTERED NUMBER: 11787946)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 12,100 3,200
Amounts owed by related parties 9,518 9,518
Other debtors 2,671 8,387
24,289 21,105

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 20,000 -
Trade creditors 154 65
Amounts owed to group undertakings 380,391 500,057
Amounts owed to related parties 543,582 107,794
Other creditors 30,341 4,188
974,468 612,104

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 270,000 -

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 290,000 -

This company has granted a fixed charge over land and other fixed assets together with a floating charge over all other assets in favour of Barclays Bank plc in relation to monies owed to them by Prosperity Wealth Secure Loan Note Limited, Churchgate Investments UK Limited, PDC Investments UK Limited, Prosperity Wealth Group Limited and itself. Mr J Billingham is a director in all of the aforementioned companies and owns the voting share capital in each company directly or by way of owning the shares in the holding company.

Bank loans are secured against leasehold investment property owned by the company.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Prosperity Investment andDevelopment Limited.

The ultimate controlling party is J E Billingham.