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REGISTERED NUMBER: 05197562 (England and Wales)















C F Investments Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024






C F Investments Limited (Registered number: 05197562)

Contents of the Financial Statements
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C F Investments Limited

Company Information
for the year ended 30 September 2024







Directors: N J Foster
J J Nokes





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 05197562 (England and Wales)





Accountants: Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

C F Investments Limited (Registered number: 05197562)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 1 1
Investment property 5 6,000,000 6,000,000
6,000,001 6,000,001

Current assets
Debtors 6 (8,292 ) 8,375
Cash at bank 187,887 227,099
179,595 235,474
Creditors
Amounts falling due within one year 7 135,239 121,728
Net current assets 44,356 113,746
Total assets less current liabilities 6,044,357 6,113,747

Creditors
Amounts falling due after more than one
year

8

(949,344

)

(1,065,433

)

Provisions for liabilities 9 (271,771 ) (271,771 )
Net assets 4,823,242 4,776,543

Capital and reserves
Called up share capital 10 200 200
Fair value reserve 2,129,372 2,129,372
Retained earnings 2,693,670 2,646,971
Shareholders' funds 4,823,242 4,776,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 F Investments Limited (Registered number: 05197562)

Balance Sheet - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





N J Foster - Director


C F Investments Limited (Registered number: 05197562)

Notes to the Financial Statements
for the year ended 30 September 2024


1. Statutory information

C F Investments 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

Accounting convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principle accounting policies adopted are set below.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Turnover is made up of rental income and this is recognised over the period in which it relates to.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures, fittings & equipment 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit and loss.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Investment property
Investment property, which is property held to earn rentals and/or the capital appreciation, is recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with bank and other short-term liquid investments.

C F Investments Limited (Registered number: 05197562)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtor and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company

3. Employees and directors

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

4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 October 2023
and 30 September 2024 1,345
Depreciation
At 1 October 2023
and 30 September 2024 1,344
Net book value
At 30 September 2024 1
At 30 September 2023 1

C F Investments Limited (Registered number: 05197562)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


5. Investment property
Total
£
Fair value
At 1 October 2023
and 30 September 2024 6,000,000
Net book value
At 30 September 2024 6,000,000
At 30 September 2023 6,000,000

At 30 September 2024 the fair values of the investment properties were reviewed by the directors. They do not consider there to have been any change in these valuations during the year. The historical cost of the land and buildings held is £3,598,857 (2023 - £3,598,857).

The revaluation shown below for 2017 relates to all revaluations up until the adoption of FRS 102.

Fair value at 30 September 2024 is represented by:
£
Valuation in 2017 1,016,143
Valuation in 2019 885,000
Valuation in 2022 250,000
Valuation in 2023 250,000
Cost 3,598,857
6,000,000

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors (8,292 ) 8,375

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 34,200 44,000
Taxation and social security 59,989 41,816
Other creditors 41,050 35,912
135,239 121,728

The aggregate amount of creditors for which security has been given amounted to £34,200 (2023 - £44,000).

The bank loans are secured by bank debentures held over 47/51 Farnborough Road and North Barn Farnham, investment properties of the company, legal charges over the investment properties held by the company.

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 937,278 1,053,367
Other creditors 12,066 12,066
949,344 1,065,433

C F Investments Limited (Registered number: 05197562)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


8. Creditors: amounts falling due after more than one year - continued
2024 2023
£ £
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 658,000 840,000

Repayable by instalments
Bank loans more 5 yr by instal 176,678 37,367

The aggregate amount of creditors for which security has been given amounted to £937,278 (2023 - £1,053,367).

The bank loans are secured by bank debentures held over 47/51 Farnborough Road and North Barn Farnham, investment properties of the company, legal charges over the investment properties held by the company.

9. Provisions for liabilities
2024 2023
£ £
Deferred tax 271,771 271,771

Deferred tax
£
Balance at 1 October 2023 271,771
Balance at 30 September 2024 271,771

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
150 Ordinary £1 150 150
50 Ordinary A £1 50 50
200 200