FINANCIAL PERIOD DATA REFRESH REQUIRED
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Registration number:
Chapter Properties Investments Limited
for the Year Ended 30 April 2025
Chapter Properties Investments Limited
Contents
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Chapter Properties Investments Limited
(Registration number: 03047262)
Balance Sheet as at 30 April 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
- |
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Investment property |
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Investments |
- |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
1,000 |
1,000 |
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Revaluation reserve |
817,596 |
805,389 |
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Retained earnings |
186,852 |
223,180 |
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Shareholders' funds |
1,005,448 |
1,029,569 |
For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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......................................... |
Chapter Properties Investments Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Chapter Properties Investments Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Fixtures and fittings |
15% reducing balance |
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Equipment |
15% reducing balance |
Investment property
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Chapter Properties Investments Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Chapter Properties Investments Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
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Tangible assets |
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Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 May 2024 |
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Additions |
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At 30 April 2025 |
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Depreciation |
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At 1 May 2024 |
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Charge for the year |
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At 30 April 2025 |
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Carrying amount |
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At 30 April 2025 |
- |
- |
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At 30 April 2024 |
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Investment properties |
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2025 |
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At 1 May |
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Fair value adjustments |
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At 30 April |
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One of the company's investment properties was revalued on 10 January 2020, with an increase in value of £39,800. The other investment properties were valued in 2016 and 2017 by Chartered Surveyors.
5 Oakmere Hall was independently revalued on 30 April 2025, with a decrease in value of £1,048.
50b Roderick Road was independently revalued on 25 February 2022 with an increase in value of £40,000.
Bound Greens Road (Front) was independently revalued on 9 February 2022 with an increase in value of £50,000.
Bound Greens Road was independently revalued on 9 February 2022 with an increase in value of £135,000.
Bound Greens Road (Rear) was independently revalued on 9 February 2022 with an increase in value of £105,000.
At the balance sheet date, the director believes that these valuations are fair reflection of market value.
Chapter Properties Investments Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
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Investments |
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2025 |
2024 |
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Investments in subsidiaries |
- |
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Subsidiaries |
£ |
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Cost or valuation |
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At 1 May 2024 |
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Disposals |
( |
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At 30 April 2025 |
- |
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Provision |
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Carrying amount |
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At 30 April 2025 |
- |
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At 30 April 2024 |
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Creditors |
Creditors: amounts falling due within one year
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Note |
2025 |
2024 |
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Due within one year |
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Loans and borrowings |
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Taxation and social security |
- |
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Other creditors |
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Creditors: amounts falling due after more than one year
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Note |
2025 |
2024 |
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Due after one year |
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Loans and borrowings |
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Reserves |
The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:
Chapter Properties Investments Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
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Revaluation reserve |
Retained earnings |
Total |
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Surplus/deficit on property, plant and equipment revaluation |
( |
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- |
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Surplus/deficit on revaluation of other assets |
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- |
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The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:
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Revaluation reserve |
Retained earnings |
Total |
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Surplus/deficit on property, plant and equipment revaluation |
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( |
- |
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Surplus/deficit on revaluation of other assets |
( |
- |
( |
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( |
( |
( |
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Loans and borrowings |
Non-current loans and borrowings
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2025 |
2024 |
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Bank borrowings |
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Current loans and borrowings
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2025 |
2024 |
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Bank borrowings |
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Related party transactions |
Key management personnel
At the year end, there was a loan due to Hindley Lawrence Limited in the sum of £95,000.
This amount is repayable on demand.
During the year and and under commercial terms, the company provided services in the sum of £26,000 to Hindley Lawrence Limited.
Hindley Lawrence Limited is a company in which Mr A M Hindley is a director and majority shareholder.