Chapman's Property Investments Ltd Filleted Accounts Cover
Chapman's Property Investments Ltd
Company No. 12967564
Information for Filing with The Registrar
31 October 2024
Chapman's Property Investments Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 October 2024.
Principal activities
The principal activity of the company during the year under review was property investments and lettings.
Directors
The Directors who served at any time during the year were as follows:
Gary Chapman
Jane Chapman
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Gary Chapman
Company Secretary
31 May 2025
Chapman's Property Investments Ltd Balance Sheet Registrar
at
31 October 2024
Company No.
12967564
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
520617
Investment property
5
550,000480,000
550,520480,617
Current assets
Debtors
6
2,7261,326
Cash at bank and in hand
9,6962,603
12,4223,929
Creditors: Amount falling due within one year
7
(88,959)
(94,930)
Net current liabilities
(76,537)
(91,001)
Total assets less current liabilities
473,983389,616
Creditors: Amounts falling due after more than one year
8
(362,114)
(362,114)
Provisions for liabilities
Deferred taxation
(22,161)
(8,762)
Net assets
89,70818,740
Capital and reserves
Called up share capital
22
Profit and loss account
11
89,70618,738
Total equity
89,70818,740
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 May 2025 and signed on its behalf by:
Gary Chapman
Director
31 May 2025
Chapman's Property Investments Ltd Notes to the Accounts Registrar
for the year ended 31 October 2024
1
General information
Chapman's Property Investments Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 12967564
Its registered office is:
162 Barncroft Way
Havant
Hampshire
PO9 3AL
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rental period incurred.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
15% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Tangible fixed assets
Plant and machinery
Total
£
£
Cost or revaluation
At 1 November 2023
649649
At 31 October 2024
649649
Depreciation
At 1 November 2023
3232
Charge for the year
9797
At 31 October 2024
129129
Net book values
At 31 October 2024
520520
At 31 October 2023
617
617
5
Investment property
Freehold Investment Property
£
Valuation
At 1 November 2023
480,000
Additions
70,000
At 31 October 2024
550,000
6
Debtors
2024
2023
£
£
Trade debtors
1,400-
Other debtors
1,3261,326
2,7261,326
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Trade creditors
13484
Loans from directors
88,94694,446
88,95994,930
8
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
359,173359,173
Other creditors
2,9412,941
362,114362,114
Liabilities repayable in more than five years after the balance sheet date
Amount repayable otherwise than by instalments
359,173
359,173
359,173359,173
The loans are secured by charge on the investment properties.
9
Creditors: secured liabilities
2024
2023
£
£
The aggregate amount of secured liabilities included within creditors
359,173359,173
10
Share Capital
2 Ordinary shares of £1 each fully paid
11
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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