2 2 CHJ Property Investments Limited NI640738 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true true NI640738 2023-10-01 2024-09-30 NI640738 2024-09-30 NI640738 bus:OrdinaryShareClass1 2024-09-30 NI640738 core:CurrentFinancialInstruments 2024-09-30 NI640738 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 NI640738 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 NI640738 bus:SmallEntities 2023-10-01 2024-09-30 NI640738 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 NI640738 bus:FilletedAccounts 2023-10-01 2024-09-30 NI640738 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI640738 bus:RegisteredOffice 2023-10-01 2024-09-30 NI640738 bus:Director1 2023-10-01 2024-09-30 NI640738 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 NI640738 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI640738 core:Buildings 2023-10-01 2024-09-30 NI640738 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 NI640738 countries:AllCountries 2023-10-01 2024-09-30 NI640738 2023-09-30 NI640738 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 NI640738 2022-10-01 2023-09-30 NI640738 2023-09-30 NI640738 bus:OrdinaryShareClass1 2023-09-30 NI640738 core:CurrentFinancialInstruments 2023-09-30 NI640738 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 NI640738 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: NI640738

CHJ Property Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

CHJ Property Investments Limited

(Registration number: NI640738)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

675,731

675,906

Current assets

 

Debtors

5

9,706

9,606

Cash at bank and in hand

 

18,959

40,122

 

28,665

49,728

Creditors: Amounts falling due within one year

6

(692,800)

(688,487)

Net current liabilities

 

(664,135)

(638,759)

Net assets

 

11,596

37,147

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

11,496

37,047

Shareholders' funds

 

11,596

37,147

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 June 2025 and signed on its behalf by:
 

.........................................
Mr S J Clarke
Director

 

CHJ Property Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by shares, registered in Northern Ireland. Company registration number is NI640738.
 

The address of its registered office is:
76 Portaferry Road
Newtowards
BT23 8SQ

These financial statements were authorised for issue by the Board on 24 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity. The level of rounding is to the nearest pound.

Going concern

The company showed a small deficit in the initial start up period. The directors however are confident about the future profitability of the company and lenders have expressed a willingness to continue to support the company by way of loans.

On this basis the directors believe it is appropriate to use the going concern basis of accounting.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

CHJ Property Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Asset class

Depreciation method and rate

Investment property

0 - 15%

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

CHJ Property Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

CHJ Property Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Investment properties
£

Total
£

Cost or valuation

At 1 October 2023

677,748

677,748

At 30 September 2024

677,748

677,748

Depreciation

At 1 October 2023

1,842

1,842

Charge for the year

175

175

At 30 September 2024

2,017

2,017

Carrying amount

At 30 September 2024

675,731

675,731

At 30 September 2023

675,906

675,906

5

Debtors

Current

2024
£

2023
£

Other debtors

9,706

9,606

 

9,706

9,606

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

600,000

600,000

Taxation and social security

 

3,430

3,557

Other creditors

 

89,370

84,930

 

692,800

688,487

 

CHJ Property Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100