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REGISTERED NUMBER: 00090959 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2024

for

CHORLEY LAND COMPANY LIMITED (THE)

CHORLEY LAND COMPANY LIMITED (THE) (REGISTERED NUMBER: 00090959)






Contents of the Financial Statements
for the Year Ended 30th November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHORLEY LAND COMPANY LIMITED (THE)

Company Information
for the Year Ended 30th November 2024







DIRECTORS: Mr R Grayson
Mr R T J Kevill





SECRETARY: Mrs K A Gibbons





REGISTERED OFFICE: High Street Chambers
High Street
Chorley
Lancashire
PR7 1DU





REGISTERED NUMBER: 00090959 (England and Wales)





ACCOUNTANTS: BK Plus - Chorley
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

CHORLEY LAND COMPANY LIMITED (THE) (REGISTERED NUMBER: 00090959)

Balance Sheet
30th November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,659 3,659
Investment property 5 197,000 85,000
200,659 88,659

CURRENT ASSETS
Debtors 6 350 350
Cash at bank 36,557 37,532
36,907 37,882
CREDITORS
Amounts falling due within one year 7 10,550 10,550
NET CURRENT ASSETS 26,357 27,332
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,016

115,991

PROVISIONS FOR LIABILITIES 33,977 11,925
NET ASSETS 193,039 104,066

CAPITAL AND RESERVES
Called up share capital 5,125 5,125
Other reserves 157,957 68,009
Retained earnings 29,957 30,932
SHAREHOLDERS' FUNDS 193,039 104,066

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

CHORLEY LAND COMPANY LIMITED (THE) (REGISTERED NUMBER: 00090959)

Balance Sheet - continued
30th November 2024


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

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 22nd August 2025 and were signed on its behalf by:





Mr R Grayson - Director


CHORLEY LAND COMPANY LIMITED (THE) (REGISTERED NUMBER: 00090959)

Notes to the Financial Statements
for the Year Ended 30th November 2024

1. STATUTORY INFORMATION

Chorley Land Company Limited (The) 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.

Revenue recognition
Revenue represents the value of amounts receivable for rents and management services for the total period of property occupation.

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.

Investment properties are properties held to earn rentals, they are initially measured at cost, including transaction costs. Subsequently they are then measured at fair value on an open market basis. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value are included in the Statement of Income and Retained Earnings in the period in which they arise.

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have now suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the profit or loss.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

CHORLEY LAND COMPANY LIMITED (THE) (REGISTERED NUMBER: 00090959)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st December 2023
and 30th November 2024 3,659
NET BOOK VALUE
At 30th November 2024 3,659
At 30th November 2023 3,659

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st December 2023 85,000
Revaluations 112,000
At 30th November 2024 197,000
NET BOOK VALUE
At 30th November 2024 197,000
At 30th November 2023 85,000

Fair value at 30th November 2024 is represented by:
£   
Valuation in 2001 109,990
Valuation in 2005 75,640
Valuation in 2008 20,700
Valuation in 2011 73,000
Valuation in 2012 (104,000 )
Valuation in 2016 (116,046 )
Valuation in 2018 20,650
Valuation in 2024 117,066
197,000

If investment property had not been revalued it would have been included at the following historical cost:

30.11.24 30.11.23
£    £   
Cost 5,066 5,066

Investment Property was valued on an open market basis on 30th November 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Rental debtors 350 350

CHORLEY LAND COMPANY LIMITED (THE) (REGISTERED NUMBER: 00090959)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Accruals and deferred income 10,550 10,550