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REGISTERED NUMBER: 03881360 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

CHRISTCHURCH PROPERTY COMPANY LIMITED

CHRISTCHURCH PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03881360)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHRISTCHURCH PROPERTY COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: AC Harris



REGISTERED OFFICE: 24 Fore St
Ipswich
Suffolk
IP4 1JU



REGISTERED NUMBER: 03881360 (England and Wales)



ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX



BANKERS: HSBC
12 Tavern Street
Ipswich
IP1 3AZ

CHRISTCHURCH PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03881360)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,265 3,020
Investments 5 106 106
2,371 3,126

CURRENT ASSETS
Debtors 6 211,777 110,880
Cash at bank and in hand 476,171 882,552
687,948 993,432
CREDITORS
Amounts falling due within one year 7 227,152 431,230
NET CURRENT ASSETS 460,796 562,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,167

565,328

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 463,165 565,326
SHAREHOLDERS' FUNDS 463,167 565,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 January 2025 and were signed by:




AC Harris - Director


CHRISTCHURCH PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03881360)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Christchurch Property Company 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Christchurch Property Company Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Financial instruments
(i) Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


CHRISTCHURCH PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03881360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 13,671 9,986 23,657
DEPRECIATION
At 1 December 2022 11,846 8,791 20,637
Charge for year 456 299 755
At 30 November 2023 12,302 9,090 21,392
NET BOOK VALUE
At 30 November 2023 1,369 896 2,265
At 30 November 2022 1,825 1,195 3,020

CHRISTCHURCH PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03881360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 100 6 106
NET BOOK VALUE
At 30 November 2023 100 6 106
At 30 November 2022 100 6 106

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 400 400
Amounts owed by group undertakings 182,132 88,403
Other debtors 1,684 5,125
Taxation debtor - 16,952
Directors' loan accounts 20,000 -
VAT 7,561 -
211,777 110,880

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 25,943 49,207
Amounts owed to associates 33,851 316,447
Social security and other taxes 46 46
VAT - 61,351
HSBC Credit Card 190 95
Directors' loan accounts 163,000 -
Accrued expenses 4,122 4,084
227,152 431,230

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
AC Harris
Balance outstanding at start of year - 18,187
Amounts advanced 20,000 -
Amounts repaid - (18,187 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,000 -

CHRISTCHURCH PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 03881360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

MJ Holland
Balance outstanding at start of year - 33,973
Amounts repaid - (33,973 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The directors loans are interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

At the year end the following amounts were due from related parties:

Christchurch Land & Estates (Melton) Limited (a company of which Mr A Harris and Mr M Holland are directors and shareholders) £621,896 (2022; £567,891)

Christchurch Land Acquisition & Development Limited (a company of which Mr A Harris and Mr M Holland are directors and shareholders) £74,821 (2022; £63,739)

Barrets Lane Barns Management Ltd (a company of which Mr A Harris is a director and shareholder) £613 (2022; £613)

Christchurch Land & Estates (Elmswell South) Limited (a company of which Mr A Harris and Mr M Holland are directors and shareholders) £182,132 (2022; £88,403)

Christchurch Land & Estates (Martlesham) Limited (a company of which Mr A Harris is a director and shareholder) £462 (2022; £462)



At the year end the following amounts were due to related parties:

Christchurch Land & Estates (Rendlesham) Limited (a company of which Mr A Harris and Mr M Holland are directors and shareholders) £151,118 (2022 £450,685)

Christchurch Land & Estates (Felixstowe) Limited (a company of which Mr A Harris and Mr M Holland are directors and shareholders) £477,583 (2022; £262,866)

Christchurch Land & Estates (Halesworth) Limited (a company of which Mr A Harris and Mr M Holland are directors and shareholders) £17,789 (2022; £18,959)

Christchurch Land & Estates (Elmswell North) Limited (a company of which Mr A Harris and Mr M Holland are directors and shareholders) £85,068 (2022; £216,557)

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr A Harris