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REGISTERED NUMBER: 11439739 (England and Wales)















Unaudited Financial Statements

for the Period 1 July 2023 to 28 June 2024

for

Chris James Property Investments Ltd

Chris James Property Investments Ltd (Registered number: 11439739)






Contents of the Financial Statements
for the Period 1 July 2023 to 28 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chris James Property Investments Ltd

Company Information
for the Period 1 July 2023 to 28 June 2024







DIRECTOR: D O'Connell





REGISTERED OFFICE: Elmstone Court
Upper Minety
Malmesbury
Wiltshire
SN16 9PR





REGISTERED NUMBER: 11439739 (England and Wales)

Chris James Property Investments Ltd (Registered number: 11439739)

Balance Sheet
28 June 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 95,789 111,967
Investments 5 1,700,800 1,700,800
1,796,589 1,812,767

CURRENT ASSETS
Debtors 6 3,414,499 3,145,763
Cash at bank 2,993 17,086
3,417,492 3,162,849
CREDITORS
Amounts falling due within one year 7 1,055,050 953,068
NET CURRENT ASSETS 2,362,442 2,209,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,159,031

4,022,548

CREDITORS
Amounts falling due after more than one
year

8

4,318,122

4,029,221
NET LIABILITIES (159,091 ) (6,673 )

CAPITAL AND RESERVES
Called up share capital 140 140
Retained earnings (159,231 ) (6,813 )
(159,091 ) (6,673 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 June 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.

Chris James Property Investments Ltd (Registered number: 11439739)

Balance Sheet - continued
28 June 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 director and authorised for issue on 7 May 2025 and were signed by:





D O'Connell - Director


Chris James Property Investments Ltd (Registered number: 11439739)

Notes to the Financial Statements
for the Period 1 July 2023 to 28 June 2024

1. STATUTORY INFORMATION

Chris James Property Investments Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about Chris James Property Investments 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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

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.


Chris James Property Investments Ltd (Registered number: 11439739)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 28 June 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Going concern
At the balance sheet date the company had a negative balance sheet of £159,091 (2023: £6,673). The company accounts for its investments on the historical cost basis. The company is however reliant on the gains and income that will become due to it from the developments being undertaken by the subsidiary companies. As these developments remain uncompleted, the gains have not yet materialised and so the value is not reflected in these accounts.The Director is working with its funding providers to ensure that the developments being undertaken by the subsidiaries are completed and this will enable settlement of all financial liabilities of the company and provide the wider group with the cash needed to continue to trade.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

Chris James Property Investments Ltd (Registered number: 11439739)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 28 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023
and 28 June 2024 88,081 60,284 148,365
DEPRECIATION
At 1 July 2023 15,015 21,383 36,398
Charge for period 7,307 8,871 16,178
At 28 June 2024 22,322 30,254 52,576
NET BOOK VALUE
At 28 June 2024 65,759 30,030 95,789
At 30 June 2023 73,066 38,901 111,967

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023
and 28 June 2024 54,985
DEPRECIATION
At 1 July 2023 19,277
Charge for period 7,142
At 28 June 2024 26,419
NET BOOK VALUE
At 28 June 2024 28,566
At 30 June 2023 35,708

Chris James Property Investments Ltd (Registered number: 11439739)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 28 June 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 28 June 2024 1,700,800
NET BOOK VALUE
At 28 June 2024 1,700,800
At 30 June 2023 1,700,800

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,430 112
Other debtors 3,410,069 3,145,651
3,414,499 3,145,763

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 10,897 10,897
Trade creditors 147,682 57,083
Taxation and social security 114,508 140,860
Other creditors 771,963 734,228
1,055,050 953,068

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 12,289 23,186
Other creditors 4,305,833 4,006,035
4,318,122 4,029,221

Chris James Property Investments Ltd (Registered number: 11439739)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 28 June 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 23,186 34,083
Other Creditors 3,460,000 3,157,702
3,483,186 3,191,785

Blend (Security Trustee) Limited hold a fixed and floating charge dated 2 June 2021 over all estates or interests in the freehold, leasehold and other immovable property owned now or in the future.
Paragon Development Finance Limited hold a fixed charge over the land known as car park at 25-37 Albert Street, Swindle, comprised in a lease dated 31 October 2019.
Paragon Development Finance Limited hold a fixed charge dated 8 October 2020 over shares in a subsidiary of the company.
Route Finance Limited hold fixed charges dated 7 January 2019 and 29 June 2020 over shares in a subsidiary of the company.