REGISTERED NUMBER: 03859454 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Churchview Building Contractors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N J Harvey

M Harvey

SECRETARY:

Ms K T Reeve

REGISTERED OFFICE:

Laurels Farm Barn

Rode Lane

Carleton Rode

Norwich

Norfolk

NR16 1NW

REGISTERED NUMBER:

03859454 (England and Wales)

ACCOUNTANTS:

Mead Accounting Limited

Chartered Certified Accountants

The Stables

Summer Road

Walsham Le Willows

Suffolk

IP31 3AJ

FIXED ASSETS

Tangible assets

5

3

109

Investments

6

990,000

990,000

Investment property

7

1,590,000

1,590,000

2,580,003

2,580,109

CURRENT ASSETS

Debtors

8

1,279

188

Cash at bank

3,091

4,470

4,370

4,658

CREDITORS

Amounts falling due within one year

9

97,681

117,705

NET CURRENT LIABILITIES

(93,311

)

(113,047

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,486,692

2,467,062

CREDITORS

Amounts falling due after more than one year

10

(1,034,848

)

(1,037,848

)

PROVISIONS FOR LIABILITIES

12

(129,925

)

(129,951

)

NET ASSETS

1,321,919

1,299,263

CAPITAL AND RESERVES

Called up share capital

13

1,000

1,000

Retained earnings

14

1,320,919

1,298,263

SHAREHOLDERS' FUNDS

1,321,919

1,299,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 26 September 2025 and were signed on its behalf by:

N J Harvey - Director

1.	STATUTORY INFORMATION

Churchview Building Contractors Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences have been fully amortised in the current year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Impairment

At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments (but excluding investment properties), are assessed to determine whether there is an indication that those assets have suffered an impairment loss. If any indication arises, the recoverable amount is estimated and compared to its carrying amount to determine if an impairment loss has arisen.

If the recoverable amount is lower, the carrying amount of the asset is written down to its recoverable amount and an impairment loss is recognised in profit and loss.

Recoverable amount of the asset is the higher of its value in use and its net realisable value.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from financial institutions or other related parties.

Debts instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, ,are measured initially and subsequently at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between as asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

Taxation

Taxation for the year 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 year 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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

6,840

DEPRECIATION

At 1 January 2024

6,731

Charge for year

106

At 31 December 2024

6,837

NET BOOK VALUE

At 31 December 2024

3

At 31 December 2023

109

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

990,000

NET BOOK VALUE

At 31 December 2024

990,000

At 31 December 2023

990,000

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,590,000

NET BOOK VALUE

At 31 December 2024

1,590,000

At 31 December 2023

1,590,000

The Directors believe there is no material movement in the fair value of investment property as at 31 December 2023.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2022

1,590,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

930,976

930,976

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

1,279

188

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

3,000

3,000

Trade creditors

32

285

Taxation and social security

6,582

5,514

Other creditors

88,067

108,906

97,681

117,705

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

331,250

334,250

Amounts owed to group undertakings

643,598

643,598

Other creditors

60,000

60,000

1,034,848

1,037,848

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

330,000

330,000

12.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

Accelerated capital allowances

129,925

129,951

Deferred

tax

£

Balance at 1 January 2024

129,951

Credit to Income Statement during year

(26

)

Balance at 31 December 2024

129,925

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

14.

RESERVES

Retained

earnings

£

At 1 January 2024

1,298,263

Profit for the year

22,656

At 31 December 2024

1,320,919

Included within retained earnings are non-distributable profits amounting to £529,126 (2023 - £529,100).

15.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

N J Harvey

Balance outstanding at start of year

(80,478

)

45,584

Amounts advanced

35,560

26,780

Amounts repaid

(12,680

)

(152,842

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(57,598

)

(80,478

)

The outstanding balance due to the Director is included within other creditors.

16.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S V Harvey Developments Ltd who own 100% of the company's issued share capital.