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COMPANY REGISTRATION NUMBER: 13137573
CFH 11 Limited
Filleted Unaudited Financial Statements
31 December 2023
CFH 11 Limited
Financial Statements
Year ended 31 December 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
CFH 11 Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
£
Current assets
Stocks
6,398,120
4,543,254
Debtors
5
100
Cash at bank and in hand
17,701
394
------------
------------
6,415,821
4,543,748
Creditors: amounts falling due within one year
6
80,922
3,075
------------
------------
Net current assets
6,334,899
4,540,673
------------
------------
Total assets less current liabilities
6,334,899
4,540,673
Creditors: amounts falling due after more than one year
7
6,334,799
4,540,573
------------
------------
Net assets
100
100
------------
------------
Capital and reserves
Called up share capital
8
100
100
----
----
Shareholders funds
100
100
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
CFH 11 Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 17 September 2024 , and are signed on behalf of the board by:
Mr M G Cawthra
Director
Company registration number: 13137573
CFH 11 Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company's financial statements have been prepared on a going concern basis which is dependent upon the continued support of its parent company, which has indicated its willingness to support the company in the foreseeable future, by ensuring sufficient funds are available for the company to continue trading. Therefore the director considers the going concern basis is appropriate.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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.
4. Employee numbers
The average number of persons employed by the company during the period, including the director, amounted to 1 (2022: 1).
5. Debtors
2023
2022
£
£
Amounts owed by group undertakings
100
----
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
76,192
Accruals and deferred income
4,730
3,075
--------
-------
80,922
3,075
--------
-------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
5,584,799
3,790,573
Other loans
750,000
750,000
------------
------------
6,334,799
4,540,573
------------
------------
Bank loans and overdrafts and other loans falling due after more than one year are secured by charges on the company's development properties.
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
9. Related party transactions
The company is a wholly owned subsidiary of Charterfield Homes Limited and has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with Charterfield Homes Limited or other wholly owned subsidiaries within the group.
10. Controlling party
The company is a wholly owned subsidiary of Charterfield Homes Limited, a company incorporated in England and Wales. The registered office of Charterfield Homes Limited is 146 New London Road, Chelmsford, Essex, CM2 0AW.