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REGISTERED NUMBER: 11034148 (England and Wales)


















C.ANH. PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






C.ANH. PROPERTIES LIMITED (REGISTERED NUMBER: 11034148)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


C.ANH. PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs H E Weaves
C N Weaves Esq





REGISTERED OFFICE: First Floor Suite
23 Trinity Square
LLANDUDNO
Conwy
LL30 2RH





REGISTERED NUMBER: 11034148 (England and Wales)





ACCOUNTANTS: Hawley and Company
Chartered Accountants & Chartered Tax Advisers
First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH

C.ANH. PROPERTIES LIMITED (REGISTERED NUMBER: 11034148)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 553 -
Investment property 5 2,016,565 1,840,000
2,017,118 1,840,000

CURRENT ASSETS
Debtors 6 2,651 4,404
Cash at bank and in hand 6,651 6,879
9,302 11,283
CREDITORS
Amounts falling due within one year 7 13,084 21,404
NET CURRENT LIABILITIES (3,782 ) (10,121 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,013,336

1,829,879

CREDITORS
Amounts falling due after more than one year 8 (1,419,819 ) (1,336,110 )

PROVISIONS FOR LIABILITIES 9 (68,974 ) (58,419 )
NET ASSETS 524,543 435,350

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 524,533 435,340
SHAREHOLDERS' FUNDS 524,543 435,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

C.ANH. PROPERTIES LIMITED (REGISTERED NUMBER: 11034148)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 24 September 2024 and were signed on its behalf by:





C N Weaves Esq - Director


C.ANH. PROPERTIES LIMITED (REGISTERED NUMBER: 11034148)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

C.anH. Properties 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 as modified by the revaluation of certain assets.

Revenue recognition
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.

An assessment of the net realisable value of the freehold property based on current carrying amount has been undertaken. On the basis that the freehold property will be well maintained and such repair costs will be charged to the profit and loss account, it is the view of the directors that the net realisable value equates to the carrying amount. Consequently, no depreciation charge is deemed necessary.

Investment property
Investment properties are measured at fair value at each reporting date, with changes in fair values recognised in the statement of comprehensive income.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Trade and other debtors
Trade and other debtors are initially recognised at their transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

C.ANH. PROPERTIES LIMITED (REGISTERED NUMBER: 11034148)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Trade and other creditors
Trade and other creditors are initially recognised at their transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 826
At 31 March 2024 826
DEPRECIATION
Charge for year 273
At 31 March 2024 273
NET BOOK VALUE
At 31 March 2024 553

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,840,000
Additions 121,565
Revaluations 55,000
At 31 March 2024 2,016,565
NET BOOK VALUE
At 31 March 2024 2,016,565
At 31 March 2023 1,840,000

Investment properties were revalued by the directors as at 31 March 2024, on an open market value basis.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 2,016,565

C.ANH. PROPERTIES LIMITED (REGISTERED NUMBER: 11034148)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£ £

Cost 1,654,096 1,532,531


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 2,651 4,404

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 12,274 19,295
Other creditors 675 2,100
Accruals 135 9
13,084 21,404

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Mortgages due in more than 5 years 776,181 779,181
Directors' loan accounts 643,638 556,929
1,419,819 1,336,110

The mortgages are secured by fixed and floating charges over the investment properties and the other assets of the company and also by personal guarantees from the directors.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 68,974 58,419

Deferred
tax
£   
Balance at 1 April 2023 58,419
Revaluation surpluses 10,555
Balance at 31 March 2024 68,974

C.ANH. PROPERTIES LIMITED (REGISTERED NUMBER: 11034148)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10