IRIS Accounts Production v24.3.2.46 09704586 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097045862023-07-31097045862024-07-31097045862023-08-012024-07-31097045862022-07-31097045862022-08-012023-07-31097045862023-07-3109704586ns15:EnglandWales2023-08-012024-07-3109704586ns14:PoundSterling2023-08-012024-07-3109704586ns10:Director12023-08-012024-07-3109704586ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3109704586ns10:SmallEntities2023-08-012024-07-3109704586ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3109704586ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3109704586ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3109704586ns10:FullAccounts2023-08-012024-07-3109704586ns10:Director22023-08-012024-07-3109704586ns10:RegisteredOffice2023-08-012024-07-3109704586ns5:CurrentFinancialInstruments2024-07-3109704586ns5:CurrentFinancialInstruments2023-07-3109704586ns5:ShareCapital2024-07-3109704586ns5:ShareCapital2023-07-3109704586ns5:RetainedEarningsAccumulatedLosses2024-07-3109704586ns5:RetainedEarningsAccumulatedLosses2023-07-3109704586ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3109704586ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31
REGISTERED NUMBER: 09704586 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

CHALLONER PROPERTIES LIMITED

CHALLONER PROPERTIES LIMITED (REGISTERED NUMBER: 09704586)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHALLONER PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Gabrielle Becker
Scott Franklin





REGISTERED OFFICE: C/O Defries Weiss
1 Bridge Lane
London
NW11 0EA





REGISTERED NUMBER: 09704586 (England and Wales)





ACCOUNTANTS: Defries Weiss (Accountants) Limited
1 Bridge Lane
London
NW11 0EA

CHALLONER PROPERTIES LIMITED (REGISTERED NUMBER: 09704586)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 811,163 779,472

CURRENT ASSETS
Debtors 5 220 275
Cash at bank and in hand 97,812 165,853
98,032 166,128
CREDITORS
Amounts falling due within one year 6 685,835 717,338
NET CURRENT LIABILITIES (587,803 ) (551,210 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,360

228,262

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 223,260 228,162
SHAREHOLDERS' FUNDS 223,360 228,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

CHALLONER PROPERTIES LIMITED (REGISTERED NUMBER: 09704586)

BALANCE SHEET - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





Scott Franklin - Director


CHALLONER PROPERTIES LIMITED (REGISTERED NUMBER: 09704586)

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

1. STATUTORY INFORMATION

Challoner Properties 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
The financial statements have been prepared in accordance with the provisions of section 1A of Financial Reporting Standard 102. "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Financial instruments
Basic financial assets and liabilities, including trade debtors and creditors, other debtors and creditors and amounts with related parties are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangements constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets and liabilities classified as receivable or payable within one year are not amortised.

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.

Investments
Investments are accounted for in accordance with the provisions of section 11 of FRS 102. Investments in shares and joint ventures are valued annually by the directors on a fair value basis. The surplus or deficit on revaluation is transferred to the income statement. Where a loan is made to an entity in which the company holds an investment, and that loan is not recoverable until the entity is liquidated, the loan is included in investments and recognised at the lower of cost or net realisable value. Any deficit on impairment is transferred to the income statement.


3. EMPLOYEES AND DIRECTORS

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

CHALLONER PROPERTIES LIMITED (REGISTERED NUMBER: 09704586)

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

4. FIXED ASSET INVESTMENTS

31.07.2024 31.07.2023
£ £
Shares in Capital Herbal Limited 285 285
Loans to Capital Herbal Limited 391,088 391,088
Future Anthem Limited 183,649 152,343
Investment property 57,603 57,218
Loan for Leigham Court 178,538 178,538
811,163 779,472

The company held 285 (2023: 285) ordinary £1 shares in Capital Herbal Limited, which comprised 2.85% of the share capital of that company. The loan is repayable when Capital Herbal Limited is liquidated.

In 2020 the company entered into an agreement for Leigham Court project. The company advanced £178,538 (2023: £178,538) which represents 16.67% of the project. The agreement is in the name of Landview Properties Limited, which holds company's share as a nominee. The loan is repayable after the project is completed and sold.


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Sundry debtors 220 275

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 490 -
Taxation and social security - 32,131
Sundry creditors 685,345 685,207
685,835 717,338

7. GOING CONCERN

The financial statements have been prepared on a going concern basis, which is dependent on the continued support of Landview Properties Limited, Dalwood Properties Limited and Freehold Land Limited, which are related parties. It is expected that those companies will not withdraw their support in the foreseeable future, and therefore the going concern basis is reasonable.


8. CONTINGENT LIABILITY

The loan to Capital Herbal Limited, referred to in note 4, and stated at £391,088, is charged as security for a bank loan to Capital Herbal Limited.