Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-3112023-11-01falsetrueNo description of principal activity1falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04329716 2023-11-01 2024-10-31 04329716 2022-11-01 2023-10-31 04329716 2024-10-31 04329716 2023-10-31 04329716 c:Director1 2023-11-01 2024-10-31 04329716 d:Buildings 2023-11-01 2024-10-31 04329716 d:Buildings 2024-10-31 04329716 d:Buildings 2023-10-31 04329716 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04329716 d:MotorVehicles 2023-11-01 2024-10-31 04329716 d:MotorVehicles 2024-10-31 04329716 d:MotorVehicles 2023-10-31 04329716 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04329716 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04329716 d:CurrentFinancialInstruments 2024-10-31 04329716 d:CurrentFinancialInstruments 2023-10-31 04329716 d:Non-currentFinancialInstruments 2024-10-31 04329716 d:Non-currentFinancialInstruments 2023-10-31 04329716 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 04329716 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 04329716 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 04329716 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 04329716 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-10-31 04329716 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 04329716 d:ShareCapital 2024-10-31 04329716 d:ShareCapital 2023-10-31 04329716 d:RevaluationReserve 2023-11-01 2024-10-31 04329716 d:RevaluationReserve 2024-10-31 04329716 d:RevaluationReserve 2023-10-31 04329716 d:RetainedEarningsAccumulatedLosses 2024-10-31 04329716 d:RetainedEarningsAccumulatedLosses 2023-10-31 04329716 c:FRS102 2023-11-01 2024-10-31 04329716 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04329716 c:FullAccounts 2023-11-01 2024-10-31 04329716 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04329716 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 04329716









CH57 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
CH57 LIMITED
REGISTERED NUMBER: 04329716

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,227,624
650,000

  
1,227,624
650,000

Current assets
  

Debtors: amounts falling due within one year
 6 
54,528
413,379

Cash at bank and in hand
 7 
11,155
6,547

  
65,683
419,926

Creditors: amounts falling due within one year
 8 
(447,856)
(630,905)

Net current liabilities
  
 
 
(382,173)
 
 
(210,979)

Total assets less current liabilities
  
845,451
439,021

Creditors: amounts falling due after more than one year
 9 
(793,516)
-

  

Net assets
  
51,935
439,021


Capital and reserves
  

Called up share capital 
  
1
1

Revaluation reserve
 11 
-
39,537

Profit and loss account
 11 
51,934
399,483

  
51,935
439,021

Page 1

 
CH57 LIMITED
REGISTERED NUMBER: 04329716
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M A Ali
Director

Date: 25 July 2025

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
CH57 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

CH57 Ltd (company number 04329716) is a private company, registered in England and Wales. Its registered office is at Victoria House, 37 Anson Road, Victoria Park, Manchester, M14 5DA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
CH57 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
0
Motor vehicles
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
CH57 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Investment properties
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 November 2023
650,000
-
650,000


Additions
1,220,124
10,000
1,230,124


Disposals
(610,463)
-
(610,463)


Revaluations
(39,537)
-
(39,537)



At 31 October 2024

1,220,124
10,000
1,230,124



Depreciation


Charge for the year on owned assets
-
2,500
2,500



At 31 October 2024

-
2,500
2,500



Net book value



At 31 October 2024
1,220,124
7,500
1,227,624



At 31 October 2023
650,000
-
650,000

The company's investment properties were revalued by the director at 31 October 2024 on an open market existing use basis.

Page 5

 
CH57 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Investment property




If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
1,220,124
610,463

Accumulated depreciation and impairments
(3,050)
(38,576)

1,217,074
571,887


6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
53,479
229,279

Other debtors
-
183,000

Prepayments and accrued income
1,049
1,100

54,528
413,379



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
11,155
6,547

11,155
6,547


Page 6

 
CH57 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,461
206,061

Trade creditors
51,693
4,042

Amounts owed to group undertakings
143,500
-

Other creditors
242,950
419,134

Accruals and deferred income
3,252
1,668

447,856
630,905



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
793,516
-

793,516
-



10.


Loans

The bank loan is secured by a first legal charge over the company's investment properties and by the personal guarantee of the director.



Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
6,461
206,061


6,461
206,061



Amounts falling due after more than 5 years

Bank loans
793,516
-

793,516
-

799,977
206,061


Page 7

 
CH57 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

11.


Reserves

Revaluation reserve

Revaluation reserve represents the value of investment properties in excess of cost price.


12.


Related party transactions

Included within the profit and loss is a loan written off due from Mexford 20 Limited in the amount of £174,305 (2023: £0).
Included within the profit and loss is a loan written off due to Cheshire Homes (UK) Limited in the amount of £165,416 (2023: £2,483).
Included within the profit and loss is a loan written off due to Cheshire Homes Group Limited in the amount of £5,000 (2023: £5,000).
Also included within the profit and loss is a management charge and rent paid to Cheshire Homes (UK) Limited in the amount of £5,000 and £1,650 respectively (2023: £3,522 and £1,800).
Also included within the profit and loss is a management charge paid to Cheshire Homes Group Limited in the amount of £5,000 (2023: £5,000).
Included within debtors due within one year are the following amounts due from/(to) group undertakings and connected companies. All amounts are interest free and repayable on demand: -
Debtors
CH37 Limited £0 (2023: £16,500).
Cheshire Homes Residential Limited £0 (2023: £0).
CH47 Limited £33,335 (2023: £33,335).
Mexford 20 Limited £0 (2023: £183,000).
Cheshire Homes Investments Limited £25,628 (2023: £182,728).
Creditors
Cheshire Homes (UK) Limited £3,562 (2023: £4,042).
CH27 Limited £5,184 (2023: £2,984).
Cheshire Homes Residential Limited £300 (2023: £300).
CH 37 Limited £143,500
Cheshire Homes (UK) Limited, CH37 Limited, Cheshire Homes Residential Limited, CH47 Limited, CH 27 Limited and Cheshire Homes Investments Limited are all fellow subsidiaries of  Cheshire Homes Group Limited. Mexford 20 Limited is wholly controlled by the director M A Ali.


13.


Controlling party

The company is a wholly owned subsidiary of Cheshire Homes Group Limited. Cheshire Homes Group Limited is wholly controlled by M A Ali. 

 
Page 8