Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312024-04-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00648293 2024-04-01 2025-03-31 00648293 2023-04-01 2024-03-31 00648293 2025-03-31 00648293 2024-03-31 00648293 c:Director1 2024-04-01 2025-03-31 00648293 c:Director2 2024-04-01 2025-03-31 00648293 c:Director3 2024-04-01 2025-03-31 00648293 c:RegisteredOffice 2024-04-01 2025-03-31 00648293 c:Agent1 2024-04-01 2025-03-31 00648293 d:FurnitureFittings 2024-04-01 2025-03-31 00648293 d:FurnitureFittings 2025-03-31 00648293 d:FurnitureFittings 2024-03-31 00648293 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00648293 d:ComputerEquipment 2024-04-01 2025-03-31 00648293 d:ComputerEquipment 2025-03-31 00648293 d:ComputerEquipment 2024-03-31 00648293 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00648293 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00648293 d:FreeholdInvestmentProperty 2025-03-31 00648293 d:FreeholdInvestmentProperty 2024-03-31 00648293 d:CurrentFinancialInstruments 2025-03-31 00648293 d:CurrentFinancialInstruments 2024-03-31 00648293 d:Non-currentFinancialInstruments 2025-03-31 00648293 d:Non-currentFinancialInstruments 2024-03-31 00648293 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 00648293 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00648293 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 00648293 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 00648293 d:ShareCapital 2025-03-31 00648293 d:ShareCapital 2024-03-31 00648293 d:RetainedEarningsAccumulatedLosses 2025-03-31 00648293 d:RetainedEarningsAccumulatedLosses 2024-03-31 00648293 c:FRS102 2024-04-01 2025-03-31 00648293 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 00648293 c:FullAccounts 2024-04-01 2025-03-31 00648293 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Company registration number: 00648293







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025


CHANGVILLA INVESTMENTS LIMITED






































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CHANGVILLA INVESTMENTS LIMITED
 


 
COMPANY INFORMATION


Directors
E. R. Day 
J. E. Day 
C. A. Day 




Registered number
00648293



Registered office
Wood House
Chudleigh

Newton Abbot

Devon

TQ13 0EH




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY









 


CHANGVILLA INVESTMENTS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


CHANGVILLA INVESTMENTS LIMITED
REGISTERED NUMBER:00648293



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,596
9,507

Investment property
 5 
4,825,000
4,825,000

  
4,832,596
4,834,507

Current assets
  

Debtors: amounts falling due within one year
 6 
34,838
38,831

Cash at bank and in hand
  
-
5,604

  
34,838
44,435

Creditors: amounts falling due within one year
 7 
(1,839,060)
(1,847,850)

Net current liabilities
  
 
 
(1,804,222)
 
 
(1,803,415)

Total assets less current liabilities
  
3,028,374
3,031,092

Creditors: amounts falling due after more than one year
 8 
(750,000)
(750,000)

Provisions for liabilities
  

Deferred tax
  
(406,047)
(400,454)

  
 
 
(406,047)
 
 
(400,454)

Net assets
  
1,872,327
1,880,638

Page 1

 


CHANGVILLA INVESTMENTS LIMITED
REGISTERED NUMBER:00648293


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

2025
2024
£
£

Capital and reserves
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
1,872,227
1,880,538

  
1,872,327
1,880,638


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


J. E. Day
Director

Date: 26 August 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


CHANGVILLA INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Changvilla Investments Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page, there is no trading address.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue consists of rent receivable and is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
per annum on cost
Computer equipment
-
15%
per annum on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.4

Freehold investment properties

Investment property is carried at fair value determined annually by both the directors and external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 3

 


CHANGVILLA INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including the directors, during the year was 3 (2024 - 3).

Page 4

 


CHANGVILLA INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2024
51,979
2,780
54,759



At 31 March 2025

51,979
2,780
54,759



Depreciation


At 1 April 2024
43,468
1,784
45,252


Charge for the year
1,494
417
1,911



At 31 March 2025

44,962
2,201
47,163



Net book value



At 31 March 2025
7,017
579
7,596



At 31 March 2024
8,511
996
9,507


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
4,825,000



At 31 March 2025
4,825,000

The 2025 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2025
2024
£
£


Historic cost
1,560,677
1,560,677

1,560,677
1,560,677

Page 5

 


CHANGVILLA INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Debtors

2025
2024
£
£


Trade debtors
500
1,142

Other debtors
400
3,255

Prepayments and accrued income
33,938
34,434

34,838
38,831



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank overdrafts
14,541
-

Trade creditors
37,924
35,022

Other creditors
1,763,152
1,797,961

Accruals and deferred income
23,443
14,867

1,839,060
1,847,850



8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
750,000
750,000

750,000
750,000


The bank loan is secured by charges over the company's investment property 8 Petersham Place. Interest on the £750,000 loan facility is charged at 6.38%.




Page 6

 


CHANGVILLA INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Transactions with the directors

Included within other creditor are the following transaction with the directors.


2025
2024
£
£

Balance outstanding at start of year
1,797,961
1,131,886
Amounts advanced
39,282
761,845
Amounts repaid
(74,091)
(95,770)
1,763,152
1,797,961

No interest was charged on this loan. The loan is repayable on demand.

 
Page 7