Registered number
04112850
CH & TN Investments Limited
Filleted Accounts
30 November 2024
CH & TN Investments Limited
Registered number: 04112850
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 24,330 30,412
Tangible assets 4 1,485,010 1,483,860
1,509,340 1,514,272
Current assets
Cash at bank and in hand 6,123 13,785
Creditors: amounts falling due within one year 6 (153,416) (154,910)
Net current liabilities (147,293) (141,125)
Total assets less current liabilities 1,362,047 1,373,147
Creditors: amounts falling due after more than one year 7 (920,558) (907,654)
Net assets 441,489 465,493
Capital and reserves
Called up share capital 100 100
Revaluation reserve 9 324,833 336,587
Profit and loss account 116,556 128,806
Shareholders' funds 441,489 465,493
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
George C. Nartey
Director
Approved by the board on 5 August 2025
CH & TN Investments Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2023 30,412
At 30 November 2024 30,412
Amortisation
Provided during the year 6,082
At 30 November 2024 6,082
Net book value
At 30 November 2024 24,330
At 30 November 2023 30,412
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2023 1,483,850 739 1,484,589
Surplus on revaluation 1,150 - 1,150
At 30 November 2024 1,485,000 739 1,485,739
Depreciation
At 1 December 2023 - 729 729
At 30 November 2024 - 729 729
Net book value
At 30 November 2024 1,485,000 10 1,485,010
At 30 November 2023 1,483,850 10 1,483,860
Freehold land and buildings: 2024 2023
£ £
Historical cost 1,483,850 1,483,850
Cumulative depreciation based on historical cost - -
1,483,850 1,483,850
5 Debtors 2024 2023
£ £
Amounts due after more than one year included above 20,505 20,505
6 Creditors: amounts falling due within one year 2024 2023
£ £
HN Holdings Loan Account 100,229 101,801
Taxation and social security costs 67 414
Director's account 51,104 50,679
Other creditors 2,016 2,016
153,416 154,910
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 920,558 907,654
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 920,558 907,654
Land and building on register including and newly added acquistion upon completion of a project.
9 Revaluation reserve 2024 2023
£ £
At 1 December 2023 336,587 336,587
Loss on revaluation of land and buildings (11,754) -
At 30 November 2024 324,833 336,587
10 Other information
CH & TN Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
17 Ulleswater Road
Southgate
London
N14 7BL
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