| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JANUARY 2024 TO 19 MAY 2025 |
| FOR |
| CHURN RIVER PROPERTIES LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JANUARY 2024 TO 19 MAY 2025 |
| FOR |
| CHURN RIVER PROPERTIES LIMITED |
| CHURN RIVER PROPERTIES LIMITED (REGISTERED NUMBER: 07258492) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 January 2024 to 19 May 2025 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 3 |
| Chartered accountants' report | 5 |
| CHURN RIVER PROPERTIES LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 January 2024 to 19 May 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 41 Rodney Road |
| Cheltenham |
| Gloucestershire |
| GL50 1HX |
| CHURN RIVER PROPERTIES LIMITED (REGISTERED NUMBER: 07258492) |
| BALANCE SHEET |
| 19 May 2025 |
| 2025 | 2023 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| CHURN RIVER PROPERTIES LIMITED (REGISTERED NUMBER: 07258492) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 January 2024 to 19 May 2025 |
| 1. | STATUTORY INFORMATION |
| Churn River Properties Limited is a |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| TAXATION |
| Taxation for the period 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 or deferred taxation assets and liabilities are not discounted. |
| 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. |
| 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 period 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. |
| INVESTMENT PROPERTIES |
| The company's properties are held for long term investment and are included in the balance sheet at their open market values. Any surplus or deficit on revaluation is taken to the revaluation reserve. Depreciation is not provided on freehold investment properties. This policy represents a departure from statutory accounting principles which require all fixed assets to be depreciated. The directors consider that this policy is necessary in order that the accounts may give a true and fair view, because current values and changes in current values are of prime importance rather than systematic annual depreciation. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2023 |
| £ | £ |
| Trade creditors |
| Other creditors |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended 19 May 2025 and the year ended 31 December 2023: |
| 2025 | 2023 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| CHURN RIVER PROPERTIES LIMITED (REGISTERED NUMBER: 07258492) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 January 2024 to 19 May 2025 |
| 6. | ULTIMATE PARENT COMPANY |
| The company is a wholly owned subsidiary of Churn River Limited (company number 7258439), a company incorporated in England and Wales. At the balance sheet date there was an intercompany loan of £0 (2023: £245,943) owed to Churn River Limited. |
| CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| CHURN RIVER PROPERTIES LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Churn River Properties Limited for the period ended 19 May 2025 which comprise the Income statement, Balance sheet, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Churn River Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Churn River Properties Limited and state those matters that we have agreed to state to the Board of Directors of Churn River Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Churn River Properties Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Churn River Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Churn River Properties Limited. You consider that Churn River Properties Limited is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the financial statements of Churn River Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 41 Rodney Road |
| Cheltenham |
| Gloucestershire |
| GL50 1HX |