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Registered number: 3404767









CHESHIRE HOMES (UK) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
CHESHIRE HOMES (UK) LIMITED
REGISTERED NUMBER: 3404767

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,480
5,974

Investment property
 5 
850,000
850,000

  
854,480
855,974

Current assets
  

Debtors: amounts falling due within one year
 6 
53,978
24,044

Cash at bank and in hand
 7 
3,687
2,551

  
57,665
26,595

Creditors: amounts falling due within one year
 8 
(110,268)
(266,883)

Net current liabilities
  
 
 
(52,603)
 
 
(240,288)

Total assets less current liabilities
  
801,877
615,686

  

Net assets
  
801,877
615,686


Capital and reserves
  

Called up share capital 
  
2,000
2,000

Profit and loss account
  
799,877
613,686

  
801,877
615,686


Page 1

 
CHESHIRE HOMES (UK) LIMITED
REGISTERED NUMBER: 3404767
    
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 11 form part of these financial statements.

Page 2

 
CHESHIRE HOMES (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Cheshire Homes (UK) Limited (company number 03404767) 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
CHESHIRE HOMES (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Borrowing costs

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

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
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:

Motor vehicles
-
25%
Reducing balance
Computer equipment
-
33%
Straight line

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

 
CHESHIRE HOMES (UK) 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 7 (2023 - 6).

Page 5

 
CHESHIRE HOMES (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 November 2023
36,476
1,482
37,958



At 31 October 2024

36,476
1,482
37,958



Depreciation


At 1 November 2023
30,502
1,482
31,984


Charge for the year on owned assets
1,494
-
1,494



At 31 October 2024

31,996
1,482
33,478



Net book value



At 31 October 2024
4,480
-
4,480



At 31 October 2023
5,974
-
5,974

Page 6

 
CHESHIRE HOMES (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Investment property


Long term leasehold investment property

£



Valuation


At 1 November 2023
850,000



At 31 October 2024
850,000

The 2024 valuations were made by Mr M A Ali, the director, on an open market value for existing use basis.



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
918,158
918,158

Accumulated depreciation and impairments
(174,591)
(165,409)

743,567
752,749


6.


Debtors

2024
2023
£
£


Trade debtors
16,899
14,039

Other debtors
34,911
-

Prepayments and accrued income
2,168
10,005

53,978
24,044



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,687
2,551

3,687
2,551


Page 7

 
CHESHIRE HOMES (UK) 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
16,455
43,070

Trade creditors
5,808
13,509

Other taxation and social security
33,336
13,522

Other creditors
51,169
193,482

Accruals and deferred income
3,500
3,300

110,268
266,883





9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £156 (2023 - £533) . Contributions totalling £154 (2023 - £154) were payable to the fund at the balance sheet date and are included in creditors.


10.


Transactions with directors

Included within creditors due within one year is a loan to the director in the amount of £25,586 (2023: £159,345). The loan is interest free and repayable on demand.

Page 8

 
CHESHIRE HOMES (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

11.


Related party transactions

Included within debtors/(creditors) due within one year are the following amounts due from/(to) group undertakings. All amounts are interest free with no fixed repayment terms: -


2024
2023
£
£

CH27 Limited
3,700
-
CH57 Limited
-
-
Cheshire Homes Residential Limited
(1,000)
-
Cheshire Homes Estates Limited
-
(22,000)
Mexford 20 Limited
-
(12,993)
2,700
(34,993)

Page 9

 
CHESHIRE HOMES (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

11.Related party transactions (continued)

Included within the profit and loss is a management charge and rent received from Cheshire Homes Investments Limited in the amount of £5,966 and £1,800 respectively (2023: £11,734 and £1,800). Also included within the profit and loss account is a loan written off to Cheshire Homes Investments Limited in the amount of £74,976 (2023: £3,999).
Included within the profit and loss is a management charge and rent received from Cheshire Homes Residential Limited in the amount of £28,482 and £1,800 respectively (2023: £16,822 and £1,800). Also included within the profit and loss account is a loan written off from Cheshire Homes Residential Limited in the amount of £0 (2023: £7,000).
Included within the profit and loss is a management charge and rent received from CH47 Limited in the amount of £13,398 and £1,800 respectively (2023: £9,112 and £1,800). Also included within the profit and loss account is a loan written off from CH47 Limited in the amount of £4,300 (2023: £1,000).
Included within the profit and loss is a management charge and rent received from CH57 Limited in the amount of £0 and £1,800 respectively (2023: £3,522 and £1,800). Also included within the profit and loss account is a loan written off from CH57 Limited in the amount of £165,416 (2023: £2,683).
Included within the profit and loss is a management charge and rent received from CH37 Limited in the amount of £47,194 and £1,800 respectively (2023: £39,134 and £1,800). Also included within the profit and loss account is a loan written off to CH37 Limited in the amount of £21,900 (2023: £116,183).
Included within the profit and loss is a management charge and rent received from CH27 Limited in the amount of £30,965 and £1,800 respectively (2023: £42,536 and £1,800). Also included within the profit and loss account is a loan written off to CH27 Limited in the amount of £0 (2023: £7,800).
Included within profit and loss is a loan written off to Mexford 20 Limited in the amount of £24,393 (2023: £0)
Included within profit and loss is a loan written off to Cheshire Homes Estates Limited in the amount of £22,000 (2023: £0)
Included within the profit and loss is rent received rom Cheshire Properties (UK) Limited in the amount of £1,800 (2023: £1,800).
Included within profit and loss is a management charge from Cheshire Homes Group Limited in the amount of £5,000 (2023: £5,000). Also included within the profit and loss account is a loan written off from Cheshire Homes Group Limited in the amount of £5,000 (2023: £5,000).
Cheshire Homes Investments Limited, Cheshire Homes Residential Limited, CH47 Limited, CH57 Limited, CH27 Limited, CH37 Limited, Mexford 20 Limited and Cheshire Homes Estates Limited are fellow subsidiaries of Cheshire Homes Group Limited.
Included within debtors/(creditors) due within one year are the following amounts due from/(to) connected companies: -
                                                                                                                               
 2024            2023
                                                                                                                                  
 £                 £
Cheshire Properties (UK) Limited                                                                                 100              100
Cheshire Homes Freehold Limited                                                                                910              910

All loans are interest free with no fixed repayment terms. Cheshire Properties (UK) Limited and Cheshire Homes Freehold Limited are wholly owned by M A Ali.
Page 10

 
CHESHIRE HOMES (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

11.Related party transactions (continued)



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 11