REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
45-47 Church Street Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
45-47 Church Street Limited |
45-47 Church Street Limited (Registered number: 12950143) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
45-47 Church Street Limited |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
48 Belle Vue Terrace |
Malvern |
Worcestershire |
WR14 4QG |
45-47 Church Street Limited (Registered number: 12950143) |
Abridged Balance Sheet |
31 December 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 6 |
Retained earnings | ( |
) | ( |
) |
( |
) |
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. |
45-47 Church Street Limited (Registered number: 12950143) |
Abridged Balance Sheet - continued |
31 December 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
45-47 Church Street Limited (Registered number: 12950143) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
45-47 Church Street Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Investment property |
Depreciation is not provided on investment property where regular revaluations are undertaken and accounted for. Revaluations are recognised in the relevant year through the trading profit & loss account and transferred to the revaluation reserve in the balance sheet. |
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). |
45-47 Church Street Limited (Registered number: 12950143) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2023 |
Additions |
Revaluations | 533,122 |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
Fair value at 31 December 2023 is represented by: |
£ |
Valuation in 2023 | 533,122 |
Cost | 1,888,408 |
2,421,530 |
If the investments properties had not been revalued they would have been included at the following historical cost: |
31.12.23 | 31.12.22 |
£ | £ |
Cost | 1,888,408 | - |
Investment properties were valued on an open market basis on 31 December 2023 by the Director . |
5. | SECURED DEBTS |
Cynergy Bank hold charges over all freehold and leasehold assets of the company. |
6. | RESERVES |
Fair |
value |
reserve |
£ |
Fair value | 533,122 |
At 31 December 2023 |
45-47 Church Street Limited (Registered number: 12950143) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
7. | RELATED PARTY DISCLOSURES |
Intercompany - Morse 5 Limited |
A company under common control. |
At the balance sheet date the company was owed £15,000 (2022 : £15,000) by Morse 5 Limited which is included in Other Debtors under the heading "Debtors: Amounts due within one year". |
The loan carries no liability to interest and is repayable upon demand. |
Intercompany - 2020 Malvern Developments Limited |
A company under common control. |
At the balance sheet date the company was owed £5,000 by 2020 Malvern Developments Limited which is included in Other Debtors under the heading "Debtors: Amounts due within one year". |
The loan carries no liability to interest and is repayable upon demand. |
Intercompany - Baldenhall Holdings Limited |
The immediate parent company owning 100% of the share capital. |
At the balance sheet date the company owed £482,573 (2022 : £572,573) to Baldenhall Holdings Limited which is included in Other Creditors under the heading "Creditors: Amounts due within one year". |
The loan carries no liability to interest and is repayable upon demand. |
Intercompany - 31 Worcester Road Limited |
A company under common control. |
At the balance sheet date the company owed £657,022 (2022 : £469,587) to 31 Worcester Road Limited which is included in Other Creditors under the heading "Creditors: Amounts due within one year". |
The loan carries no liability to interest and is repayable upon demand. |
Transactions with Directors |
At the period end the Company had a loan outstanding from it's Director, Mr R L Simmonds. |
The total amount due from Mr R L Simmonds is £75,000. |
The loan is not subject to interest and is repayable on demand. |
The amount will be repaid within nine months of the balance sheet date. |
8. | ULTIMATE CONTROLLING PARTY |
The company is controlled by Baldenhall Holdings Limited by virtue of it's 100% share ownership. |