REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
FOR |
ELY PROPERTIES CHRISTCHURCH LIMITED |
REGISTERED NUMBER: |
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 |
Investment property | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Provisions for liabilities | 8 |
Net assets |
Capital and reserves |
Called up share capital | 9 |
Fair value reserve | 10 |
Retained earnings |
Shareholders' funds |
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 |
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 |
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 |
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 |
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 |
Net book value |
At 30 September 2023 |
At 30 September 2022 |
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 |
Prepayments and accrued income |
7. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade creditors |
Tax |
Other creditors |
Directors' current accounts | 1,800 | 1,800 |
Accruals and deferred income |
8. | Provisions for liabilities |
2023 | 2022 |
£ | £ |
Deferred tax | 26,073 | 26,073 |
Deferred |
tax |
£ |
Balance at 1 October 2022 |
Balance at 30 September 2023 |
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: | £ | £ |
"A" Ordinary | £1 | 50 | 50 |
"B" Ordinary | £1 | 50 | 50 |
"C" Ordinary | £1 | 50 | 50 |
"D" Ordinary | £1 | 50 | 50 |
200 | 200 |
10. | Reserves |
Fair |
value |
reserve |
£ |
At 1 October 2022 |
and 30 September 2023 |
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. |