Registered number
10767660
Churchgates Land Family Business Limited
Filleted Accounts
31 March 2025
Churchgates Land Family Business Limited
Registered number: 10767660
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 62,634 19,242
Current assets
Debtors 5 295,168 239,306
Cash at bank and in hand 86,342 91,393
381,510 330,699
Creditors: amounts falling due within one year 6 (131,455) (80,391)
Net current assets 250,055 250,308
Total assets less current liabilities 312,689 269,550
Creditors: amounts falling due after more than one year 7 (45,542) (10,000)
Provisions for liabilities (15,032) (4,618)
Net assets 252,115 254,932
Capital and reserves
Called up share capital 10,000 10,000
Share premium 233,690 233,690
Profit and loss account 8,425 11,242
Shareholders' funds 252,115 254,932
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr L Cochrane
Director
Approved by the board on 2 June 2025
Churchgates Land Family Business Limited
Notes to the Accounts
for the period from 1 June 2024 to 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company’s ability to continue as a going concern for the period of at least 12 months from the date of approval of these financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery between 2 and 5 years
Motor vehicles 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 8 8
3 Taxation 2025 2024
£ £
Current year corporation tax charge 1,394 14,010
Deferred Tax on timing differences 10,414 1,105
11,808 15,115
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2024 5,650 66,644 - 72,294
Additions - 246 55,763 56,009
At 31 March 2025 5,650 66,890 55,763 128,303
Depreciation
At 1 June 2024 5,650 47,402 - 53,052
Charge for the period - 5,647 6,970 12,617
At 31 March 2025 5,650 53,049 6,970 65,669
Net book value
At 31 March 2025 - 13,841 48,793 62,634
At 31 May 2024 - 19,242 - 19,242
5 Debtors 2025 2024
£ £
Trade debtors 122,604 73,768
Other debtors 172,564 165,538
295,168 239,306
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 7,970 -
Trade creditors 9,328 17,331
Taxation and social security costs 69,423 42,204
Other creditors 34,734 10,856
131,455 80,391
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 1,667 10,000
Obligations under finance lease and hire purchase contracts 43,875 -
45,542 10,000
8 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 52,861 92,700
9 Controlling party
New Elm Holdings Limited owns 70% of the shareholding of the company. The registered office is Home Farm, Abbots Ripton, Huntingdon, United Kingdom, PE28 2LD. The other 30% of the shareholding is owned by Mr Gary Markham of Home Farm, Abbots Ripton, Huntingdon, United Kingdom, PE28 2LD.
10 Other information
Churchgates Land Family Business Limited is a private company limited by shares and incorporated in England. Its registered office is:
Home Farm
Abbots Ripton
Huntingdon
PE28 2LD
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