Company No: 14114901 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Tangible assets	3	28,966		28,790
Investment property	4	2,000,856		1,754,040
		2,029,822		1,782,830
Current assets
Debtors	5	4,731		21,433
Cash at bank and in hand		22,599		13,424
		27,330		34,857
Creditors: amounts falling due within one year	6	( 1,259,160)		( 1,048,310)
Net current liabilities		(1,231,830)		(1,013,453)
Total assets less current liabilities		797,992		769,377
Creditors: amounts falling due after more than one year	7	( 374,107)		( 388,004)
Provision for liabilities		( 12,915)		( 1,903)
Net assets		410,970		379,470
Capital and reserves
Called-up share capital	8	1,200		1,200
Share premium account		378,143		378,143
Profit and loss account		31,627		127
Total shareholders' funds		410,970		379,470

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of CZH Properties Limited (registered number: 14114901) were approved and authorised for issue by the Board of Directors on 02 September 2025. They were signed on its behalf by:

S T Congdon Director

S M Congdon Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

CZH Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Peter's Park Barn, St Mellion, Saltash, PL12 6PY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The prior reporting period is 13 months due to the transfer of assets from the partnership of Mr and Mrs Congdon on 23 March 2023.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of lettings services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery	20 % reducing balance
Vehicles	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	Year ended 31.03.2025		Period from 01.03.2023 to 31.03.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	1		1

3. Tangible assets

	Plant and machinery		Vehicles		Total
	£		£		£
Cost
At 01 April 2024	33,687		2,315		36,002
Additions	6,149		0		6,149
At 31 March 2025	39,836		2,315		42,151
Accumulated depreciation
At 01 April 2024	6,792		420		7,212
Charge for the financial year	5,594		379		5,973
At 31 March 2025	12,386		799		13,185
Net book value
At 31 March 2025	27,450		1,516		28,966
At 31 March 2024	26,895		1,895		28,790

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	1,754,040
Additions	246,816
As at 31 March 2025	2,000,856

5. Debtors

	31.03.2025		31.03.2024
	£		£
Other debtors	4,731		21,433

6. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Bank loans	13,934		10,863
Trade creditors	1,758		28,966
Other taxation and social security	4,931		0
Other creditors	1,238,537		1,008,481
	1,259,160		1,048,310

7. Creditors: amounts falling due after more than one year

	31.03.2025		31.03.2024
	£		£
Bank loans	374,107		388,004

8. Called-up share capital

	31.03.2025		31.03.2024
	£		£
Allotted, called-up and fully-paid
1,200 Ordinary shares of £ 1.00 each	1,200		1,200

9. Related party transactions

Transactions with the entity's directors

	31.03.2025		31.03.2024
	£		£
Mr S Congdon - Interest free loan	515,570		493,671
Mrs S Congdon - Interest free loan	681,617		494,618