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REGISTERED NUMBER: 09221517 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

CHURCH ROAD CROYDON LTD

CHURCH ROAD CROYDON LTD (REGISTERED NUMBER: 09221517)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


CHURCH ROAD CROYDON LTD (REGISTERED NUMBER: 09221517)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100
Investment property 5 4,181,816 4,181,816
4,181,916 4,181,916

CURRENT ASSETS
Debtors 6 1,084,889 1,038,341
Cash at bank and in hand 11,993 18,754
1,096,882 1,057,095
CREDITORS
Amounts falling due within one year 7 58,616 45,388
NET CURRENT ASSETS 1,038,266 1,011,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,220,182

5,193,623

CREDITORS
Amounts falling due after more than one year 8 (2,379,494 ) (2,355,387 )

PROVISIONS FOR LIABILITIES 10 (616,014 ) (616,014 )
NET ASSETS 2,224,674 2,222,222

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 11 1,848,040 1,848,040
Retained earnings 376,534 374,082
2,224,674 2,222,222

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.

CHURCH ROAD CROYDON LTD (REGISTERED NUMBER: 09221517)

STATEMENT OF FINANCIAL POSITION - 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 8 April 2025 and were signed on its behalf by:





Mr M J Carrozzo - Director


CHURCH ROAD CROYDON LTD (REGISTERED NUMBER: 09221517)

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

1. STATUTORY INFORMATION

Church Road Croydon Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09221517

Registered office: Wrencote House
123 High Street
Croydon
Surrey
CR0 0XJ

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Church Road Croydon Ltd 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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are significant judgements and estimates in relation to the carrying value of investment property.

Revenue
Revenue represents the value of rental income chargeable in respect of the company's investment property. Revenue is recognised evenly over the period of the rental agreement.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

Investment property
Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.


CHURCH ROAD CROYDON LTD (REGISTERED NUMBER: 09221517)

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

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 100
NET BOOK VALUE
At 31 July 2024 100
At 31 July 2023 100

CHURCH ROAD CROYDON LTD (REGISTERED NUMBER: 09221517)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 4,181,816
NET BOOK VALUE
At 31 July 2024 4,181,816
At 31 July 2023 4,181,816

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2015 2,071,456
Valuation in 2019 392,598
Cost 1,717,762
4,181,816

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,717,762 1,717,762

Investment property was valued on an open market basis on 31 July 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 917
Other debtors 1,084,889 1,037,424
1,084,889 1,038,341

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,338 25,353
Trade creditors 2,220 120
Amounts owed to group undertakings 20,172 -
Taxation and social security - 3,824
Other creditors 21,886 16,091
58,616 45,388

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2,379,494 2,355,387

CHURCH ROAD CROYDON LTD (REGISTERED NUMBER: 09221517)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,393,832 2,380,740

Bank loans are secured by way of fixed and floating charge on the investment property of the company and contains a negative pledge.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 616,014 616,014

Deferred
tax
£   
Balance at 1 August 2023 616,014
Balance at 31 July 2024 616,014

11. RESERVES
Fair
value
reserve
£   
At 1 August 2023
and 31 July 2024 1,848,040

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in the other debtors due within a year is an amount of £1,077,424 (2023: £1,037,424) due from connected companies with common directorship and shareholding. The loans remain interest free and recoverable on demand.

Included in the other creditors less than one year is an amount of £536 (2023: £536) due to directors of the company.The loan remains interest free and repayable on demand.