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REGISTERED NUMBER: 13763712 (England and Wales)















CHURCH STAY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






CHURCH STAY LTD (REGISTERED NUMBER: 13763712)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


CHURCH STAY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: C M Bowen



REGISTERED OFFICE: Lodge Farm Barns
Skendleby
Spilsby
Lincolnshire
PE23 4QF



REGISTERED NUMBER: 13763712 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
Oxley House
Lincoln Way
Louth
Lincolnshire
LN11 0LS



BANKERS: Starling Bank Limited
5th Floor
London Fruit and Wool Exchange
1 Duval Square
London
E1 6PW

CHURCH STAY LTD (REGISTERED NUMBER: 13763712)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 707,102 572,397

CURRENT ASSETS
Debtors 5 2,560 28,629
Cash at bank 2,430 39,977
4,990 68,606
CREDITORS
Amounts falling due within one year 6 347,919 271,433
NET CURRENT LIABILITIES (342,929 ) (202,827 )
TOTAL ASSETS LESS CURRENT LIABILITIES 364,173 369,570

CREDITORS
Amounts falling due after more than one year 7 363,312 370,000
NET ASSETS/(LIABILITIES) 861 (430 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 761 (530 )
SHAREHOLDERS' FUNDS 861 (430 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2025 and were signed by:





C M Bowen - Director


CHURCH STAY LTD (REGISTERED NUMBER: 13763712)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Church Stay 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.

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.

The fair value as at the year end is deemed to be the same as cost as the properties were still under construction as at the year end.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

CHURCH STAY LTD (REGISTERED NUMBER: 13763712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

Going concern
Despite net current liabilities of £342,929 (2023 : £202,827) these financial statements have been prepared on a going concern basis as included in current liabilities is £336,080 (2023 : £269,683) owed to Mr CM Bowen and companies under his direct control. These will not be repaid until the company is in a position to repay it without affecting it's ability to trade.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 572,397
Additions 134,705
At 30 November 2024 707,102
NET BOOK VALUE
At 30 November 2024 707,102
At 30 November 2023 572,397

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,560 28,629

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,318 -
Other creditors 337,601 271,433
347,919 271,433

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 363,312 370,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 331,448 363,312

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 373,630 370,000

CHURCH STAY LTD (REGISTERED NUMBER: 13763712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
C M Bowen
Balance outstanding at start of year (62,970 ) (2,069 )
Amounts advanced 39,334 109,187
Amounts repaid (53,281 ) (170,088 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (76,917 ) (62,970 )

11. RELATED PARTY DISCLOSURES

As at the 30 November 2024 £76,248 (2023 : £26,357) is owed to Bowen Architects Limited, a company under the control of Mr C M Bowen a director and share holder of Church Stay Ltd.

As at the 30 November 2024 £182,915 (2023 : £180,355) is owed to Lodge Farm Barns Skendleby Limited, a company under the control of Mr C M Bowen a director and share holder of Church Stay Ltd.