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REGISTERED NUMBER: 11842636 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Christchurch Holdings Ltd

Christchurch Holdings Ltd (Registered number: 11842636)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Christchurch Holdings Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: J T McGill





REGISTERED OFFICE: 5 Christchurch Road
Clifton
Bristol
England
BS8 4EF





REGISTERED NUMBER: 11842636 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Christchurch Holdings Ltd (Registered number: 11842636)

Balance Sheet
29 February 2024

29.2.24 28.2.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 438 -
Tangible assets 5 47,926 59,891
Investments 6 8,479 8,479
56,843 68,370

CURRENT ASSETS
Stocks 4,750 5,000
Debtors 7 392,909 381,568
Cash at bank 209,509 6,130
607,168 392,698
CREDITORS
Amounts falling due within one year 8 403,190 257,322
NET CURRENT ASSETS 203,978 135,376
TOTAL ASSETS LESS CURRENT LIABILITIES 260,821 203,746

CREDITORS
Amounts falling due after more than one
year

9

(38,889

)

(50,900

)

PROVISIONS FOR LIABILITIES (12,710 ) (15,702 )
NET ASSETS 209,222 137,144

CAPITAL AND RESERVES
Called up share capital 9 9
Retained earnings 209,213 137,135
209,222 137,144

Christchurch Holdings Ltd (Registered number: 11842636)

Balance Sheet - continued
29 February 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 director and authorised for issue on 26 November 2024 and were signed by:





J T McGill - Director


Christchurch Holdings Ltd (Registered number: 11842636)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Christchurch Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There have been no material departures from the Financial Reporting Standard 102 1A.

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

The company recognises revenue when:
- The amount of revenue can be reliably measured;
- It is probable that future economic benefits will flow to the entity;
- And specific criteria have been met for each of the company's activities.

Intangible assets
The company has capitalised costs associated with cryptocurrency investments which are subject to revaluation. They are revalued on an annual basis and the gain/loss on revaluation has been recognised in Other Comprehensive Income.

Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

Motor vehicles - 25% on reducing balance
Computer equipment- 25% on straight line basis

Christchurch Holdings Ltd (Registered number: 11842636)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Fixed asset investments
Fixed asset investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Investments in associates
Investments in associate undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

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

Christchurch Holdings Ltd (Registered number: 11842636)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Other
intangibles
£   
COST
Additions 438
At 29 February 2024 438
NET BOOK VALUE
At 29 February 2024 438

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 95,828 9,715 105,543
Additions - 4,371 4,371
At 29 February 2024 95,828 14,086 109,914
DEPRECIATION
At 1 March 2023 43,047 2,605 45,652
Charge for year 13,195 3,141 16,336
At 29 February 2024 56,242 5,746 61,988
NET BOOK VALUE
At 29 February 2024 39,586 8,340 47,926
At 28 February 2023 52,781 7,110 59,891

Christchurch Holdings Ltd (Registered number: 11842636)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. FIXED ASSET INVESTMENTS
Interest
in Other
associate investments Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 4 8,475 8,479
NET BOOK VALUE
At 29 February 2024 4 8,475 8,479
At 28 February 2023 4 8,475 8,479


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
as restated
£    £   
Other debtors 392,909 381,568

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
as restated
£    £   
Hire purchase contracts 12,010 10,269
Trade creditors 2,544 8,356
Taxation and social security 24,392 12,715
Other creditors 364,244 225,982
403,190 257,322

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
as restated
£    £   
Hire purchase contracts 38,889 50,900

Christchurch Holdings Ltd (Registered number: 11842636)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
as restated
£    £   
Hire purchase contracts 50,899 61,169

Hire purchase contracts are secured against the assets which they relate to.

11. RELATED PARTY DISCLOSURES

Loans to related parties


Other related
parties


Total
2024 £ £
At start of period 363,646 363,646
Advanced 11,275 11,275
Repaid (975 ) (975 )
At end of period 373,946 373,946


Other related
parties


Total
2023 £ £
At start of period (As restated) 368,241 368,241
Advanced 5,720 5,720
Repaid (10,315 ) (10,315 )
At end of period 363,646 363,646

Loans to other related parties are interest free and repayable on demand.

Christchurch Holdings Ltd (Registered number: 11842636)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. RELATED PARTY DISCLOSURES - continued

Loans from related parties


Key
management


Total
2024 £ £
At start of period 218,327 218,327
Advanced 183,610 183,610
Repaid (42,791 ) (42,791 )
At end of period 359,146 359,146


Key
management


Total
2023 £ £
At start of period (As restated) 320,318 320,318
Advanced 2,312 2,312
Repaid (104,303 ) (104,303 )
At end of period 218,327 218,327

Loans from key management are interest free and repayable on demand.