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REGISTERED NUMBER: 12330042 (England and Wales)















CHURCHILL BRICKS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






CHURCHILL BRICKS LTD (REGISTERED NUMBER: 12330042)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHURCHILL BRICKS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mrs M L Churchill
B G Churchill





REGISTERED OFFICE: 424 Margate Road
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 12330042 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

CHURCHILL BRICKS LTD (REGISTERED NUMBER: 12330042)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,068 1,424
Investments 5 413,000 420,000
Investment property 6 831,380 328,848
1,245,448 750,272

CURRENT ASSETS
Debtors 7 233 218
Cash at bank 11,464 111,772
11,697 111,990
CREDITORS
Amounts falling due within one year 8 (687,025 ) (631,581 )
NET CURRENT LIABILITIES (675,328 ) (519,591 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

570,120

230,681

CREDITORS
Amounts falling due after more than one
year

9

(569,657

)

(233,764

)
NET ASSETS/(LIABILITIES) 463 (3,083 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 461 (3,085 )
463 (3,083 )

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

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

CHURCHILL BRICKS LTD (REGISTERED NUMBER: 12330042)

BALANCE SHEET - continued
30 NOVEMBER 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 27 August 2024 and were signed on its behalf by:




B G Churchill - Director



Mrs M L Churchill - Director


CHURCHILL BRICKS LTD (REGISTERED NUMBER: 12330042)

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

1. STATUTORY INFORMATION

Churchill Bricks Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

CHURCHILL BRICKS LTD (REGISTERED NUMBER: 12330042)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2022
and 30 November 2023 1,899
DEPRECIATION
At 1 December 2022 475
Charge for year 356
At 30 November 2023 831
NET BOOK VALUE
At 30 November 2023 1,068
At 30 November 2022 1,424

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
At 1 December 2022 420,000
Revaluations (7,000 )
At 30 November 2023 413,000
NET BOOK VALUE
At 30 November 2023 413,000
At 30 November 2022 420,000

Cost or valuation at 30 November 2023 is represented by:

Unlisted
investments
£   
Valuation in 2023 413,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 328,848
Additions 502,532
At 30 November 2023 831,380
NET BOOK VALUE
At 30 November 2023 831,380
At 30 November 2022 328,848

CHURCHILL BRICKS LTD (REGISTERED NUMBER: 12330042)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 233 218

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Sundry creditors 1,299 1,299
Directors' current accounts 684,004 628,992
Deferred income 750 366
Accrued expenses 972 924
687,025 631,581

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yr by instal 569,657 233,764

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 569,657 233,764

10. NOTICE OF CHARGES

At the balance sheet date the below charges were in place against the company:

Registration of charge with The Mortgage Works (UK) PLC against 2 St Luke's Avenue Ramsgate Kent.

Registration of charge with Nottingham Building Society against 26 Hereson Road, Ramsgate Kent.

Registration of charge with Gatehouse Bank PLC against 1 Palm Bay Avenue, Margate, Kent.