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REGISTERED NUMBER: 09821648 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31st October 2024

for

Old Christchurch Limited

Old Christchurch Limited (Registered number: 09821648)






Contents of the Financial Statements
for the Year Ended 31st October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Old Christchurch Limited

Company Information
for the Year Ended 31st October 2024







DIRECTORS: D S Mayer
J Mayer
Mrs K S Barnes





REGISTERED OFFICE: 11 Gleneagles Court
Brighton Road
Crawley
West Sussex
RH10 6AD





REGISTERED NUMBER: 09821648 (England and Wales)





ACCOUNTANTS: Sigma Partners
Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE

Old Christchurch Limited (Registered number: 09821648)

Statement of Financial Position
31st October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 2,954,648 2,896,713

CURRENT ASSETS
Debtors 5 1 1
Cash at bank 37,486 41,090
37,487 41,091
CREDITORS
Amounts falling due within one year 6 17,819 26,195
NET CURRENT ASSETS 19,668 14,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,974,316

2,911,609

CREDITORS
Amounts falling due after more than one
year

7

(1,809,758

)

(1,842,930

)

PROVISIONS FOR LIABILITIES (195,543 ) (181,059 )
NET ASSETS 969,015 887,620

CAPITAL AND RESERVES
Called up share capital 1 1
Other reserves 924,295 866,360
Retained earnings 44,719 21,259
SHAREHOLDERS' FUNDS 969,015 887,620

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

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

Old Christchurch Limited (Registered number: 09821648)

Statement of Financial Position - continued
31st October 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 1st May 2025 and were signed on its behalf by:





D S Mayer - Director


Old Christchurch Limited (Registered number: 09821648)

Notes to the Financial Statements
for the Year Ended 31st October 2024

1. STATUTORY INFORMATION

Old Christchurch 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
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.

Related party exemption
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2023 2,896,713
Revaluations 57,935
At 31st October 2024 2,954,648
NET BOOK VALUE
At 31st October 2024 2,954,648
At 31st October 2023 2,896,713

Old Christchurch Limited (Registered number: 09821648)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31st October 2024 is represented by:
£   
Valuation in 2017 245,178
Valuation in 2018 69,123
Valuation in 2019 22,427
Valuation in 2020 158,690
Valuation in 2021 220,566
Valuation in 2022 201,561
Valuation in 2023 (51,185 )
Valuation in 2024 57,935
Cost 2,030,353
2,954,648

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

2024 2023
£    £   
Cost 2,030,353 2,030,353

Investment property was valued on an open market basis on 31st October 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 14,966
Trade creditors 1,500 -
Taxation and social security 5,109 -
Other creditors 11,210 11,229
17,819 26,195

Old Christchurch Limited (Registered number: 09821648)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1,049,058
Other creditors 1,809,758 793,872
1,809,758 1,842,930

8. RELATED PARTY DISCLOSURES

A loan balance of £953,541 (2023 - nil) is owed at the balance sheet date to a company under common control. Interest of £33,542 (2023 - nil) has accrued on this loan during the financial year.This loan is secured and is due in more than one year.

A loan balance of £826,216 (2024 - £793,871) is owed at the balance sheet date to another company under common control. Interest of £32,344 (2023 - £31,077) has accrued on this loan during the financial year.This loan is secured and is due in more than one year.

9. ULTIMATE CONTROLLING PARTY

The immediate controlling party is considered to be Mayer Property Ltd by virtue of their shareholding of 100% of the share capital.

The ultimate controlling party is considered to be Dean Mayer who is also a director and shareholder in the parent company.