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REGISTERED NUMBER: 07829151 (England and Wales)











CHURCHILLS YORK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






CHURCHILLS YORK LIMITED (REGISTERED NUMBER: 07829151)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


CHURCHILLS YORK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr Kevin Webb
Mrs Sheila Webb
Mr Robert Alfred Webb
Mr Ashley Mehr





REGISTERED OFFICE: Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW





REGISTERED NUMBER: 07829151 (England and Wales)





ACCOUNTANTS: UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW

CHURCHILLS YORK LIMITED (REGISTERED NUMBER: 07829151)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 146,112 8,334
Tangible assets 5 601,012 602,792
Investments 6 51 51
Investment property 7 175,000 175,000
922,175 786,177

CURRENT ASSETS
Debtors 782,111 778,208
Cash at bank 275,047 360,220
1,057,158 1,138,428
CREDITORS
Amounts falling due within one year 295,867 207,951
NET CURRENT ASSETS 761,291 930,477
TOTAL ASSETS LESS CURRENT LIABILITIES 1,683,466 1,716,654

CREDITORS
Amounts falling due after more than one
year

8

(220,829

)

(264,527

)

PROVISIONS FOR LIABILITIES (11,602 ) (13,573 )
NET ASSETS 1,451,035 1,438,554

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings -
non distributable 29,599 29,599
Retained earnings 1,411,436 1,398,955
SHAREHOLDERS' FUNDS 1,451,035 1,438,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CHURCHILLS YORK LIMITED (REGISTERED NUMBER: 07829151)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2025 and were signed on its behalf by:





Mr Kevin Webb - Director


CHURCHILLS YORK LIMITED (REGISTERED NUMBER: 07829151)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Churchills York Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents commissions receivable on the proceeds of house sales, lettings commission and holiday let income.

Goodwill
Goodwill, being the amounts paid in connection with the acquisition of businesses in 2011, 2015, 2020 and in 2024, are amortised evenly over their estimated useful life of 10 years and 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance, Straight line over 3 years and Straight line over 10 years

No depreciation is charged on leasehold property which has an expected useful life in excess of 50 years and where the carrying value in the financial statements is not more than the estimated recoverable amount.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


CHURCHILLS YORK LIMITED (REGISTERED NUMBER: 07829151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Fixed asset investments are initially stated at cost. Cost is made up of the consideration paid for the asset, plus fees incurred in connection with the purchase. Adjustment would be made for impairment should the cost of the asset be considered to be in excess of its recoverable amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023 852,000
Additions 170,134
At 30 November 2024 1,022,134
AMORTISATION
At 1 December 2023 843,666
Amortisation for year 32,356
At 30 November 2024 876,022
NET BOOK VALUE

At 30 November 2024 146,112
At 30 November 2023 8,334

CHURCHILLS YORK LIMITED (REGISTERED NUMBER: 07829151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023 646,239
Additions 13,504
Disposals (11,300 )
At 30 November 2024 648,443
DEPRECIATION
At 1 December 2023 43,447
Charge for year 9,521
Eliminated on disposal (5,537 )
At 30 November 2024 47,431
NET BOOK VALUE
At 30 November 2024 601,012
At 30 November 2023 602,792

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 December 2023
and 30 November 2024 51
NET BOOK VALUE
At 30 November 2024 51
At 30 November 2023 51

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 175,000
NET BOOK VALUE
At 30 November 2024 175,000
At 30 November 2023 175,000

Investment property was valued on an open market basis on 30 November 2022 by the directors who, having undertaken an assessment, are of the opinion that this valuation remains appropriate.

CHURCHILLS YORK LIMITED (REGISTERED NUMBER: 07829151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans in more than 5 years 104,548 126,527

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 1,250 1,525
Between one and five years 2,003 636
3,253 2,161

Non-cancellable operating leases
2024 2023
£    £   
Within one year 20,335 14,679
Between one and five years 32,080 34,534
52,415 49,213

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 266,058 324,852
Hire purchase contracts 3,253 2,161
269,311 327,013

The company has an overdraft facility, which is secured by way of a mortgage on the company assets.

There are fixed and floating charges over the properties known as 4-6 Gillygate, York and 2 Bluebridge Court, Fishergate, York in favour of Lloyds Bank plc.

The hire purchase contracts are secured on the assets to which the loan relates.

CHURCHILLS YORK LIMITED (REGISTERED NUMBER: 07829151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Mr Robert Alfred Webb
Balance outstanding at start of year 29,133 25,330
Amounts advanced 67,907 62,609
Amounts repaid (50,246 ) (58,806 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 46,794 29,133

Mr Kevin Webb
Balance outstanding at start of year 52,283 8,143
Amounts advanced 92,817 178,339
Amounts repaid (133,678 ) (134,199 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,422 52,283

The loans to directors are subject to an interest rate of 2.25% per annum and were repaid in full on 28 July 2025.

12. RELATED PARTY DISCLOSURES

The company is owed £35,000 (2023: £57,128 ) by a company in which it holds a participating interest. It is also owed £523,992 (2023: £453,084 ) by another company in which it holds a participating interest.

The company is also owed £24,125 (2023: £1,192) from a company in which K Webb is a director.

These balances are interest free and repayable on demand.