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Registered number: 06677744









CHESHIRE HOMES INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
CHESHIRE HOMES INVESTMENTS LIMITED
REGISTERED NUMBER: 06677744

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
250,000
1,445,000

  
250,000
1,445,000

Current assets
  

Stocks
  
-
166,934

Debtors: amounts falling due within one year
 6 
41,052
3,118

Cash at bank and in hand
 7 
15,447
15,076

  
56,499
185,128

Creditors: amounts falling due within one year
 8 
(72,534)
(462,426)

Net current liabilities
  
 
 
(16,035)
 
 
(277,298)

Total assets less current liabilities
  
233,965
1,167,702

Creditors: amounts falling due after more than one year
 9 
(141,252)
(600,381)

  

Net assets
  
92,713
567,321


Capital and reserves
  

Called up share capital 
  
1
1

Revaluation reserve
 11 
50,000
201,960

Profit and loss account
 11 
42,712
365,360

  
92,713
567,321

Page 1

 
CHESHIRE HOMES INVESTMENTS LIMITED
REGISTERED NUMBER: 06677744
    
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 10 form part of these financial statements.
Page 2

 
CHESHIRE HOMES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Cheshire Homes Investments Limited (company number 06677744) 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

 
CHESHIRE HOMES INVESTMENTS 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

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


 
2.8

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:

L/Term Leasehold Property
-
0%

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.

 
2.9

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.

Page 4

 
CHESHIRE HOMES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

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.

 
2.12

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.

 
2.13

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).

Page 5

 
CHESHIRE HOMES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





L/Term Leasehold investment Properties

£



Cost or valuation


At 1 November 2023
1,465,000


Disposals
(1,063,040)


Revaluations
(151,960)



At 31 October 2024

250,000





At 1 November 2023
20,000


Disposals
(20,000)



At 31 October 2024

-



Net book value



At 31 October 2024
250,000



At 31 October 2023
1,445,000




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Long leasehold
250,000
1,445,000

250,000
1,445,000


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

Page 6

 
CHESHIRE HOMES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Investment property




At 31 October 2024



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
200,000
1,296,040

Accumulated depreciation and impairments
(24,000)
(77,635)

176,000
1,218,405


6.


Debtors

2024
2023
£
£


Trade debtors
-
2,067

Amounts owed by group undertakings
41,051
1,050

Called up share capital not paid
1
1

41,052
3,118



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
15,447
15,076

15,447
15,076


Page 7

 
CHESHIRE HOMES INVESTMENTS 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
20,421
33,405

Trade creditors
1,204
2,497

Amounts owed to group undertakings
42,628
351,189

Corporation tax
3,263
10,015

Other creditors
1,700
63,700

Accruals and deferred income
3,318
1,620

72,534
462,426



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
141,252
600,381

141,252
600,381


Page 8

 
CHESHIRE HOMES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Loans

The bank loan is secured by a first legal charge over the company's investment property 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
20,421
33,405


20,421
33,405

Amounts falling due 1-2 years

Bank loans
5,489
10,038


5,489
10,038

Amounts falling due 2-5 years

Bank loans
45,291
84,240


45,291
84,240

Amounts falling due after more than 5 years

Bank loans
90,472
506,103

90,472
506,103

161,673
633,786



11.


Reserves

Revaluation reserve

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

Page 9

 
CHESHIRE HOMES INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

12.


Related party transactions

During the year an investment property was disposed of to CH37 Limited, the sales proceeds of this sale was £1,000,000 and the sale was completed on 21 March 2024. An amount of £536,239 remaining representing inter company loan monies and the balance of consideration was written off to profot and loss account.
Included within the profit and loss is a loan written off due from Cheshire Homes (UK) Limited in the amount of £74,976 (2023: £4,000).
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).
Included within the profit and loss is a loan written off due to Cheshire Homes Estates Limited in the amount of £60,000 (2023: £5,000).
Included within the profit and loss is a loan written off due to Mexford 20 Limited in the amount of £10,000 (2023: £0).
Also included within the profit and loss is a management charge and rent paid to Cheshire Homes (UK) Limited in the amount of £5,966 and £1,800 respectively (2023: £11,734 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/creditors 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 
Cheshire Homes Residential Limited £40,850 (2023: £850).
Cheshire Properties (UK) Limited £200 (2023: £200).
Creditors
Cheshire Homes (UK) Limited £1,204 (2023: £2,497).
CH27 Limited £17,000 (2023: £16,200).
CH37 Limited £Nil (2023: £92,261).
Cheshire Homes Estates Limited £0 (2023: £60,000).
CH57 Limited £25,628 (2023: £182,728).
Mexford 20 Limited £0 (2023: £10,000).
Cheshire Homes (UK) Limited, CH27 Limited, CH37 Limited, CH57 Limited, Cheshire Homes Residential Limited, Cheshire Homes Estates Limited, Cheshire Homes Properties Limited and Mexford 20 Limited are all fellow subsidiaries of  Cheshire Homes Group Limited.


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 10