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REGISTERED NUMBER: 03596485 (England and Wales)















Unaudited Financial Statements

for the Period 1 August 2023 to 29 July 2024

for

Churchill Property Services Limited

Churchill Property Services Limited (Registered number: 03596485)






Contents of the Financial Statements
for the Period 1 August 2023 to 29 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Churchill Property Services Limited

Company Information
for the Period 1 August 2023 to 29 July 2024







DIRECTOR: M J Granville





REGISTERED OFFICE: Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ





REGISTERED NUMBER: 03596485 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Churchill Property Services Limited (Registered number: 03596485)

Balance Sheet
29 July 2024

29.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,538,455 2,504,608
Investment property 6 1,070,000 1,100,000
3,608,455 3,604,608

CURRENT ASSETS
Debtors 7 308,403 322,190
Cash at bank and in hand 3,692 3,365
312,095 325,555
CREDITORS
Amounts falling due within one year 8 268,763 259,453
NET CURRENT ASSETS 43,332 66,102
TOTAL ASSETS LESS CURRENT LIABILITIES 3,651,787 3,670,710

CREDITORS
Amounts falling due after more than one
year

9

(7,598

)

-

PROVISIONS FOR LIABILITIES (542,753 ) (529,911 )
NET ASSETS 3,101,436 3,140,799

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 1,904,207 1,926,707
Retained earnings 1,197,227 1,214,090
3,101,436 3,140,799

Churchill Property Services Limited (Registered number: 03596485)

Balance Sheet - continued
29 July 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 July 2024 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2025 and were signed by:





M J Granville - Director


Churchill Property Services Limited (Registered number: 03596485)

Notes to the Financial Statements
for the Period 1 August 2023 to 29 July 2024

1. STATUTORY INFORMATION

Churchill Property Services 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 as modified by the revaluation of certain assets.

There have been no material departures from the Financial Reporting Standard 102 1A.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of any discounts.
The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- specific criteria have been met for each of the company's activities and;
- the costs incurred for the transaction and the costs to complete the transaction can be measured
reliably.

Rental income from investment properties is recognised on rental receipts on an accruals basis in line with the overall revenue recognition policy.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, has been amortised evenly over its estimated useful life of five years.

Churchill Property Services Limited (Registered number: 03596485)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 29 July 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - not provided
Plant and machinery - 20% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Taxation
Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Churchill Property Services Limited (Registered number: 03596485)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 29 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 43 (2023 - 44 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 29 July 2024 56,000
AMORTISATION
At 1 August 2023
and 29 July 2024 56,000
NET BOOK VALUE
At 29 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 August 2023 2,493,631 21,891 19,141 2,534,663
Additions - 6,079 40,615 46,694
Disposals - (3,330 ) - (3,330 )
At 29 July 2024 2,493,631 24,640 59,756 2,578,027
DEPRECIATION
At 1 August 2023 - 12,618 17,437 30,055
Charge for period - 3,963 7,754 11,717
Eliminated on disposal - (2,200 ) - (2,200 )
At 29 July 2024 - 14,381 25,191 39,572
NET BOOK VALUE
At 29 July 2024 2,493,631 10,259 34,565 2,538,455
At 31 July 2023 2,493,631 9,273 1,704 2,504,608

Churchill Property Services Limited (Registered number: 03596485)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 29 July 2024

5. TANGIBLE FIXED ASSETS - continued

The fair value of the freehold property has been arrived at on the basis of a valuation carried out at 29 July 2024 by the director. The valuation was made on an open market value basis by reference to the UK House Price Index as at 29 July 2024.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 1,100,000
Revaluations (30,000 )
At 29 July 2024 1,070,000
NET BOOK VALUE
At 29 July 2024 1,070,000
At 31 July 2023 1,100,000

The fair value of the investment properties have been arrived at on the basis of a valuation carried out at 29 July 2024 by the director. The valuation was made on an open market value basis by reference to the UK House Price Index as at 29 July 2024.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.7.24 31.7.23
£    £   
Trade debtors 32,374 56,509
Other debtors 276,029 265,681
308,403 322,190

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,563 16,464
Hire purchase contracts 4,109 -
Trade creditors 18,323 49,253
Taxation and social security 168,883 159,976
Other creditors 66,885 33,760
268,763 259,453

Churchill Property Services Limited (Registered number: 03596485)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 29 July 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.7.24 31.7.23
£    £   
Hire purchase contracts 7,598 -

10. SECURED DEBTS

The following secured debts are included within creditors:

29.7.24 31.7.23
£    £   
Bank overdrafts 10,563 16,464
Hire purchase contracts 11,707 -
22,270 16,464

The bank has a fixed and floating charge over all the property and undertakings of the company.

Hire purchase contracts are secured over the assets to which they relate.

11. PENSION COMMITMENTS

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. Contributions totalling £10,320 (2023 - £2,206) were payable to the fund at the reporting date.

12. OFF BALANCE SHEET COMMITMENTS

At the year end the company had future minimum lease payments due under non-cancellable operating leases totalling £20,220 (2023 - £7,521).

Churchill Property Services Limited (Registered number: 03596485)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 29 July 2024

13. RELATED PARTY DISCLOSURES

Loans to related parties



Key
management

Other related
parties


Total
2024 £ £ £
At start of period 204,142 1,949 206,091
Advanced 76,791 499 77,290
Repaid (77,863 ) (312 ) (78,175 )
At end of period 203,070 2,136 205,206


Key
management

Other related
parties


Total
2023 £ £ £
At start of the period 52,855 1,378 54,233
Advanced 216,347 10,009 226,356
Repaid (65,060 ) (9,438 ) (74,498 )
At end of period 204,142 1,949 206,091

The loans to other related parties are interest free and repayable on demand.

The loans to key management are interest free and repayable on demand.

Churchill Property Services Limited (Registered number: 03596485)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 29 July 2024

13. RELATED PARTY DISCLOSURES - continued

Loans from related parties



Other related
parties


Total
2024 £ £
At start of period - -
Advanced 34,828 34,828
Repaid (11,747 ) (11,747 )
At end of period 23,081 23,081


Other related
parties


Total
2023 £ £
At start of the period 9,438 9,438
Advanced - -
Repaid (9,438 ) (9,438 )
At end of period - -

The loans from other related parties are interest free and repayable on demand.