Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31false2023-11-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 6655865 2023-11-01 2024-10-31 6655865 2022-11-01 2023-10-31 6655865 2024-10-31 6655865 2023-10-31 6655865 c:Director1 2023-11-01 2024-10-31 6655865 d:Buildings 2024-10-31 6655865 d:Buildings 2023-10-31 6655865 d:LandBuildings 2024-10-31 6655865 d:LandBuildings 2023-10-31 6655865 d:CurrentFinancialInstruments 2024-10-31 6655865 d:CurrentFinancialInstruments 2023-10-31 6655865 d:Non-currentFinancialInstruments 2024-10-31 6655865 d:Non-currentFinancialInstruments 2023-10-31 6655865 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 6655865 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 6655865 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 6655865 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 6655865 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 6655865 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 6655865 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 6655865 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 6655865 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-10-31 6655865 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 6655865 d:ShareCapital 2024-10-31 6655865 d:ShareCapital 2023-10-31 6655865 d:RevaluationReserve 2023-11-01 2024-10-31 6655865 d:RevaluationReserve 2024-10-31 6655865 d:RevaluationReserve 2023-10-31 6655865 d:RetainedEarningsAccumulatedLosses 2024-10-31 6655865 d:RetainedEarningsAccumulatedLosses 2023-10-31 6655865 c:FRS102 2023-11-01 2024-10-31 6655865 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 6655865 c:FullAccounts 2023-11-01 2024-10-31 6655865 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 6655865 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 6655865









CH47 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
CH47 LIMITED
REGISTERED NUMBER: 6655865

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,000,000
1,000,000

  
1,000,000
1,000,000

Current assets
  

Debtors
 5 
20
2,445

Cash at bank and in hand
 6 
677
5,239

  
697
7,684

Creditors: amounts falling due within one year
 7 
(78,857)
(109,325)

Net current liabilities
  
 
 
(78,160)
 
 
(101,641)

Total assets less current liabilities
  
921,840
898,359

Creditors: amounts falling due after more than one year
 8 
(638,070)
(646,828)

  

Net assets
  
283,770
251,531


Capital and reserves
  

Called up share capital 
  
1
1

Revaluation reserve
 10 
344,520
344,520

Profit and loss account
 10 
(60,751)
(92,990)

  
283,770
251,531


Page 1

 
CH47 LIMITED
REGISTERED NUMBER: 6655865
    
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 statement of income and retained earnings 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 on 25 July 2025.




M A Ali
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CH47 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

CH47 Limited is a company registered in England and Wales under company number 06655865. Its registered office is situated 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 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

 
CH47 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.4

Leased assets: the Company as lessor

Where assets leased to a third party give rights approximating to ownership (finance lease), the lessor recognises as a receivable an amount equal to the net investment in the lease i.e. the minimum lease payments receivable under the lease discounted at the interest rate implicit in the lease. This receivable is reduced as the lessee makes capital payments over the term of the lease.

A finance lease gives rise to two types of income: profit or loss equivalent to the profit or loss resulting from outright sale of the asset being leased, at normal selling prices, reflecting any applicable discounts, and finance income over the lease term.

 
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:


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.

Page 4

 
CH47 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
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.

 
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 property

£



Cost or valuation


At 1 November 2023
1,000,000



At 31 October 2024

1,000,000






Net book value



At 31 October 2024
1,000,000



At 31 October 2023
1,000,000

Page 5

 
CH47 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

           4.Tangible fixed assets (continued)




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


2024
2023
£
£

Freehold
1,000,000
1,000,000

1,000,000
1,000,000


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

Cost or valuation at 31 October 2024 is as follows:

Land and buildings
£


At cost
1,000,000
At valuation:

At open market value at 31 October 2024
-



1,000,000

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Cost
679,254
679,254

Accumulated depreciation
(66,205)
(59,412)

Net book value
613,049
619,842


5.


Debtors

2024
2023
£
£



Trade debtors
20
645

Amounts owed by group undertakings
-
1,800

20
2,445


Page 6

 
CH47 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
677
5,239

677
5,239



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
1,646
3,541

Amounts owed to group undertakings
60,830
88,880

Corporation tax
3,141
3,769

Accruals and deferred income
3,240
3,135

78,857
109,325


The following liabilities were secured:




Details of security provided:

The bank loans are secured by a first legal charge over the company's investment property.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
638,070
646,828

638,070
646,828


Page 7

 
CH47 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 2-5 years

Bank loans
40,000
40,000


40,000
40,000

Amounts falling due after more than 5 years

Bank loans
588,070
596,828

588,070
596,828

648,070
656,828



10.


Reserves

Revaluation reserve

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

Page 8

 
CH47 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

11.


Related party transactions

Included within profit and loss account is a loan written off due to Cheshire Homes Estates Limited in the amount of £36,125 (2023: £0).
Included within profit and loss account is a loan written off due from Mexford 20 Limited in the amount of £3,600 (2023: £0).
Included within profit and loss account is a loan written off due to Cheshire Homes (UK) Limited in the amount of £4,300 (2023: £1,000).
Included within profit and loss account is a loan written off due to Cheshire Homes Group Limited in the amount of £5,000 (2023: £5,000).
Included within profit and loss account is a management charge and rent paid to Cheshire Homes (UK) Limited in the amount of £7,457 and £1,800 respectively (2023: £9,112 and £1,800). 
Included within profit and loss account 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 group undertakings and connected companies. All amounts are interest free and repayable on demand: -
Cheshire Homes (UK) Limited £0 (2023: £0).
Cheshire Homes Residential Limited £0 (2023: £1,800).
Cheshire Homes (UK) Limited, Cheshire Homes Residential Limited, Cheshire Homes Estates Limited and Mexford 20 Limited are all fellow subsidiaries of Cheshire Homes Group Limited.  
Included within creditors due within one year are the following amounts due to group undertakings and connected companies. All amounts are interest free and repayable on demand: -
CH57 Limited £33,335 (2023: £33,335).
CH37 Limited £7,134 (2023: £7,434).
CH27 Limited £11,662 (2023: £11,987).
Cheshire Homes Residential Limited £8,700 (2023: £0).
Cheshire Homes Estates Limited £0 (2023: £36,125)
Cheshire Homes (UK) Limited, CH57 Limited, CH37 Limited, CH27 Limited, Cheshire Homes Residential Limited and Cheshire Homes Estates Limited are all fellow subsidiaries of Cheshire Homes Group Limited.  


12.


Controlling party

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

 
Page 9