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Registration number: 03047262

Chapter Properties Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2025

 

Chapter Properties Investments Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 7

 

Chapter Properties Investments Limited

(Registration number: 03047262)
Balance Sheet as at 30 April 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

-

473

Investment property

5

1,775,000

1,760,000

Investments

6

-

400

 

1,775,000

1,760,873

Current assets

 

Cash at bank and in hand

 

3,525

12,635

Creditors: Amounts falling due within one year

7

(158,900)

(124,518)

Net current liabilities

 

(155,375)

(111,883)

Total assets less current liabilities

 

1,619,625

1,648,990

Creditors: Amounts falling due after more than one year

7

(475,589)

(483,537)

Provisions for liabilities

(138,588)

(135,884)

Net assets

 

1,005,448

1,029,569

Capital and reserves

 

Called up share capital

1,000

1,000

Revaluation reserve

817,596

805,389

Retained earnings

186,852

223,180

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 August 2025
 

.........................................
Mr Anthony Michael Hindley
Company secretary and director

 

Chapter Properties Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Station House
Adams Hill
Knutsford
Cheshire
WA16 6DN
United Kingdom

These financial statements were authorised for issue by the director on 19 August 2025.

2

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:

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance

Equipment

15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

 

Chapter Properties Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2024

33,821

33,821

Additions

1,056

1,056

At 30 April 2025

34,877

34,877

Depreciation

At 1 May 2024

33,348

33,348

Charge for the year

1,529

1,529

At 30 April 2025

34,877

34,877

Carrying amount

At 30 April 2025

-

-

At 30 April 2024

473

473

5

Investment properties

2025
£

At 1 May

1,760,000

Fair value adjustments

15,000

At 30 April

1,775,000

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

6

Investments

2025
£

2024
£

Investments in subsidiaries

-

400

Subsidiaries

£

Cost or valuation

At 1 May 2024

400

Disposals

(400)

At 30 April 2025

-

Provision

Carrying amount

At 30 April 2025

-

At 30 April 2024

400

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

18,900

18,900

Taxation and social security

 

-

35,617

Other creditors

 

140,000

70,001

 

158,900

124,518

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

475,589

483,537

8

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

Revaluation reserve
£

Retained earnings
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

(2,793)

2,793

-

Surplus/deficit on revaluation of other assets

15,000

-

15,000

12,207

2,793

15,000

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Retained earnings
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

57,243

(57,243)

-

Surplus/deficit on revaluation of other assets

(412,325)

-

(412,325)

(355,082)

(57,243)

(412,325)

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

475,589

483,537

Current loans and borrowings

2025
£

2024
£

Bank borrowings

18,900

18,900

10

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.