Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31No description of principal activity2023-11-01false11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09134634 2023-11-01 2024-10-31 09134634 2022-11-01 2023-10-31 09134634 2024-10-31 09134634 2023-10-31 09134634 c:Director1 2023-11-01 2024-10-31 09134634 d:Buildings 2023-11-01 2024-10-31 09134634 d:Buildings 2024-10-31 09134634 d:Buildings 2023-10-31 09134634 d:Buildings d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 09134634 d:MotorVehicles 2023-11-01 2024-10-31 09134634 d:MotorVehicles 2024-10-31 09134634 d:MotorVehicles 2023-10-31 09134634 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 09134634 d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 09134634 d:CurrentFinancialInstruments 2024-10-31 09134634 d:CurrentFinancialInstruments 2023-10-31 09134634 d:Non-currentFinancialInstruments 2024-10-31 09134634 d:Non-currentFinancialInstruments 2023-10-31 09134634 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 09134634 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09134634 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 09134634 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 09134634 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 09134634 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 09134634 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 09134634 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 09134634 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-10-31 09134634 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 09134634 d:ShareCapital 2024-10-31 09134634 d:ShareCapital 2023-10-31 09134634 d:RevaluationReserve 2023-11-01 2024-10-31 09134634 d:RevaluationReserve 2024-10-31 09134634 d:RevaluationReserve 2023-10-31 09134634 d:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 09134634 d:RetainedEarningsAccumulatedLosses 2024-10-31 09134634 d:RetainedEarningsAccumulatedLosses 2023-10-31 09134634 c:FRS102 2023-11-01 2024-10-31 09134634 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09134634 c:FullAccounts 2023-11-01 2024-10-31 09134634 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09134634 5 2023-11-01 2024-10-31 09134634 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 09134634









CH27 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
CH27 LIMITED
REGISTERED NUMBER: 09134634

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,523,339
2,522,021

  
2,523,339
2,522,021

Current assets
  

Debtors: amounts falling due within one year
 6 
47,816
237,188

Cash at bank and in hand
 7 
1,752
6,043

  
49,568
243,231

Creditors: amounts falling due within one year
 8 
(81,713)
(61,172)

Net current (liabilities)/assets
  
 
 
(32,145)
 
 
182,059

Total assets less current liabilities
  
2,491,194
2,704,080

Creditors: amounts falling due after more than one year
 9 
(1,072,497)
(1,068,644)

  

Net assets
  
1,418,697
1,635,436


Capital and reserves
  

Called up share capital 
  
1
1

Revaluation reserve
 11 
943,278
943,278

Profit and loss account
 11 
475,418
692,157

  
1,418,697
1,635,436

Page 1

 
CH27 LIMITED
REGISTERED NUMBER: 09134634
    
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

 
CH27 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

CH27 Limited (company number 09134634) is a private company limited by shares, 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

 
CH27 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, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
0
Motor vehicles
-
25%

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

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Page 4

 
CH27 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
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.

 
2.10

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.

 
2.11

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.

 
2.12

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

 
CH27 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Investment property
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 November 2023
2,500,000
39,150
2,539,150


Additions
-
31,119
31,119


Disposals
-
(39,150)
(39,150)



At 31 October 2024

2,500,000
31,119
2,531,119



Depreciation


At 1 November 2023
-
17,129
17,129


Charge for the year on financed assets
-
7,780
7,780


Disposals
-
(17,129)
(17,129)



At 31 October 2024

-
7,780
7,780



Net book value



At 31 October 2024
2,500,000
23,339
2,523,339



At 31 October 2023
2,500,000
22,021
2,522,021

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

Page 6

 
CH27 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
1,056,222
1,056,222

Accumulated depreciation and impairments
(84,496)
(73,934)

971,726
982,288


6.


Debtors

2024
2023
£
£


Trade debtors
-
1,350

Amounts owed by group undertakings
42,996
54,321

Other debtors
-
174,950

Prepayments and accrued income
4,820
6,567

47,816
237,188



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,752
6,043

1,752
6,043


Page 7

 
CH27 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
12,000
12,000

Trade creditors
14,305
4,581

Amounts owed to group undertakings
16,420
-

Corporation tax
3,176
3,963

Obligations under finance lease and hire purchase contracts
29,816
36,294

Other creditors
2,750
2,750

Accruals and deferred income
3,246
1,584

81,713
61,172



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,072,497
1,068,644

1,072,497
1,068,644


Page 8

 
CH27 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 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
12,000
12,000


12,000
12,000

Amounts falling due 1-2 years

Bank loans
12,000
12,000


12,000
12,000

Amounts falling due 2-5 years

Bank loans
48,000
48,000


48,000
48,000

Amounts falling due after more than 5 years

Bank loans
1,012,497
1,008,644

1,012,497
1,008,644

1,084,497
1,080,644



11.


Reserves

Revaluation reserve

The revaluation reserves represents excess of property valuation over cost.

Profit and loss account

Profit and loss reserve represents retained profits.

Page 9

 
CH27 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

12.


Related party transactions

Included within the profit and loss is a loan written off due to Cheshire Homes (UK) Limited in the amount of £Nil (2023: £7,800).
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 from Mexford 20 Limited in the amount of £174,950 (2023: £0).
Included within the profit and loss is a loan written off due from CH17 Limited in the amount of £17,810 (2023: £0).
Included within the profit and loss is a management charge and rent paid to Cheshire Homes (UK) Limited in the amount of £25,488 and £1,800 respectively (2023: £42,536 and £1,800).
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:
CH37 Limited £0 (2023: £14,000).
CH47 Limited £11,662 (2023: £11,987).
CH57 Limited £5,184 (2023: £2,984).
Cheshire Homes Residential Limited £9,150 (2023: £9,150).
Cheshire Homes Investments Limited £17,000 (2023: £16,200).
Mexford 20 Limited £0 (2023: £174,950).
Creditors:
Cheshire Homes (UK) Limited £3,700 (2023: £Nil).
CH37 Limited £12,720 (2023: £(0).
Cheshire Homes (UK) Limited, Cheshire Homes Residential Limited, CH27 Limited, CH47 Limited, CH57 Limited, CH37 Limited, Cheshire Homes Investments Limited, CH17 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