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REGISTERED NUMBER: 02912540 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CHURCHFIELDS INVESTMENTS LIMITED

CHURCHFIELDS INVESTMENTS LIMITED (REGISTERED NUMBER: 02912540)






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


CHURCHFIELDS INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J E Davies
Mrs G Taylor
M D Symons



SECRETARY: J E Davies



REGISTERED OFFICE: Jackson House
Station Road
London
E4 7BU



REGISTERED NUMBER: 02912540 (England and Wales)



ACCOUNTANTS: Barrow LLP
Chartered Accountants
Jackson House
Station Road
Chingford
London
E4 7BU



SOLICITORS: E D C Lord & Co
Solicitors
Link House
1200 Uxbridge Road
Hayes
Middx
UB4 8JD

CHURCHFIELDS INVESTMENTS LIMITED (REGISTERED NUMBER: 02912540)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 198 492
Investment property 6 14,323,667 14,323,667
14,323,865 14,324,159

CURRENT ASSETS
Debtors 7 141,939 130,124
Investments 8 3,659,894 3,283,921
Cash at bank 1,129,561 894,099
4,931,394 4,308,144
CREDITORS
Amounts falling due within one year 9 (432,977 ) (388,864 )
NET CURRENT ASSETS 4,498,417 3,919,280
TOTAL ASSETS LESS CURRENT LIABILITIES 18,822,282 18,243,439

PROVISIONS FOR LIABILITIES (2,296,887 ) (1,746,717 )
NET ASSETS 16,525,395 16,496,722

CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Revaluation reserve 11,108,986 11,108,986
Retained earnings 5,406,409 5,377,736
SHAREHOLDERS' FUNDS 16,525,395 16,496,722

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 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.

CHURCHFIELDS INVESTMENTS LIMITED (REGISTERED NUMBER: 02912540)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





J E Davies - Director


CHURCHFIELDS INVESTMENTS LIMITED (REGISTERED NUMBER: 02912540)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Churchfields 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover, which excludes value added tax, represents rental income which is recognised evenly over the term of each lease to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

In accordance with the FRSSE investment properties are not depreciated.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

CHURCHFIELDS INVESTMENTS LIMITED (REGISTERED NUMBER: 02912540)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued

Investments
Investments are measured at fair value through profit or loss.

Deferred tax
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 84,831
DEPRECIATION
At 1 April 2023 84,339
Charge for year 294
At 31 March 2024 84,633
NET BOOK VALUE
At 31 March 2024 198
At 31 March 2023 492

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 14,323,667
NET BOOK VALUE
At 31 March 2024 14,323,667
At 31 March 2023 14,323,667

CHURCHFIELDS INVESTMENTS LIMITED (REGISTERED NUMBER: 02912540)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2013 6,675,987
Valuation in 2014 489,000
Valuation in 2012 150,003
Valuation in 2013 240,000
Valuation in 2014 1,573,000
Valuation in 2018 1,460,000
Valuation in 2019 (330,000 )
Valuation in 2020 2,140,000
Valuation in 2021 (1,660,000 )
Valuation in 2023 371,000
Cost 3,214,677
14,323,667

Investment properties were valued on an open market basis at the year end by J E Davies FRICS one of the directors.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 109,916 117,283
Other debtors 32,023 12,841
141,939 130,124

8. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Investment portfolios 3,659,894 3,283,921

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 12,080
Taxation and social security 124,146 74,106
Other creditors 308,831 302,678
432,977 388,864

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
10,000 Ordinary £1 10,000 10,000