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REGISTERED NUMBER: 02454284 (England and Wales)















CHRISTOPHER HIND DEVELOPMENTS LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2024






CHRISTOPHER HIND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02454284)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHRISTOPHER HIND DEVELOPMENTS LIMITED

Company Information
for the year ended 31 March 2024







DIRECTOR: C Hind





SECRETARY: I R Butler





REGISTERED OFFICE: The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW





REGISTERED NUMBER: 02454284 (England and Wales)






CHRISTOPHER HIND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02454284)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,611 2,679
Investment property 5 3,130,000 2,941,489
3,131,611 2,944,168

CURRENT ASSETS
Debtors 6 40,570 39,600
Cash at bank 167,637 114,892
208,207 154,492
CREDITORS
Amounts falling due within one year 7 2,441,650 2,370,676
NET CURRENT LIABILITIES (2,233,443 ) (2,216,184 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

898,168

727,984

PROVISIONS FOR LIABILITIES 47,125 -
NET ASSETS 851,043 727,984

CAPITAL AND RESERVES
Called up share capital 2 2
Other reserve 8 156,936 15,550
Retained earnings 694,105 712,432
SHAREHOLDERS' FUNDS 851,043 727,984

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 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.

CHRISTOPHER HIND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02454284)

Balance Sheet - 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 director and authorised for issue on 10 September 2024 and were signed by:





C Hind - Director


CHRISTOPHER HIND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02454284)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Christopher Hind Developments 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.

As at 31st March 2024, the company's balance sheet reflected net current liabilities. However, included within creditors falling due within one year is an amount of £2,190,000 due to a company under the control of the Director. The related undertaking has given assurances that repayment will not be requested until sufficient funds are available and accordingly the director considers the going concern basis of preparation to be appropriate.

Significant judgements and estimates
Investment Properties

The value of the properties is assessed by an independent property valuation specialist at each reporting date using publicly available market evidence comprising primarily of values of comparable properties in the area and national market statistics. However, it is inherently difficult to assess the true market value of the properties without actively marketing the properties for sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
The company's properties are held for long-term investment and depreciation is not provided in respect of such properties. At the balance sheet date the investment properties are included at their fair value. This policy represents a departure from the statutory accounting principles, which require depreciation to be provided on all fixed assets. The Director considers that this policy is necessary in order that the financial statements may give a true and fair view.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CHRISTOPHER HIND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02454284)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 7,396
Additions 1,041
At 31 March 2024 8,437
DEPRECIATION
At 1 April 2023 4,717
Charge for year 2,109
At 31 March 2024 6,826
NET BOOK VALUE
At 31 March 2024 1,611
At 31 March 2023 2,679

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,941,489
Revaluations 188,511
At 31 March 2024 3,130,000
NET BOOK VALUE
At 31 March 2024 3,130,000
At 31 March 2023 2,941,489

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 15,550
Valuation in 2024 188,511
Cost 2,925,939
3,130,000

Investment property fair values at 31st March 2024 are based on valuations by the director based upon his experience in the rental market and current prevailing rentals.

The cost of investment property held at 31st March 2024 was £2,925,939. Any gain or loss arising from a change in fair value is recognised in profit or loss in that accounting period.

CHRISTOPHER HIND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02454284)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 39,600 39,600
Other debtors 970 -
40,570 39,600

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors - 56
Taxation and social security 14,881 11,617
Other creditors 2,426,769 2,359,003
2,441,650 2,370,676

8. RESERVES
Other
reserve
£   
At 1 April 2023 15,550
Transfer of investment
property gains 141,386

At 31 March 2024 156,936

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
C Hind
Balance outstanding at start of year (12,892 ) (7,480 )
Amounts advanced 17,070 3
Amounts repaid (3,311 ) (5,415 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 867 (12,892 )