CHURCHILL PROPERTIES (SOUTHERN) LIMITED

Registered number

04941635

Filleted Accounts

31 December 2024

CHURCHILL PROPERTIES (SOUTHERN) LIMITED
Registered number:		04941635
Balance Sheet
as at 31 December 2024

	Notes		2024		2023
			£		£
Fixed assets
Tangible assets	4		37		49
Investments	5		1,498,607		1,499,415
			1,498,644		1,499,464

Current assets
Debtors	6	3,624,610		3,344,359
Cash at bank and in hand		87,795		336,281
		3,712,405		3,680,640

Creditors: amounts falling due within one year	7	(369,200)		(433,405)

Net current assets			3,343,205		3,247,235

Net assets			4,841,849		4,746,699

Capital and reserves
Called up share capital	8		3,600,100		3,600,100
Profit and loss account			1,241,749		1,146,599

Shareholder's funds			4,841,849		4,746,699


The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Martin Long
Director
Approved by the board on 29 September 2025

CHURCHILL PROPERTIES (SOUTHERN) LIMITED
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Accounting convention
	These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. 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 financial instruments at fair value. The principal accounting policies adopted are set out below.

	Turnover and other operating income
	Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from the sale of properties is recognised when the proceeds of sale are received and shown as turnover. Rental income is recognised when receivable and it is shown as other operating income. Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

	Tangible fixed assets
	Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

	Fixtures, fittings, tools and equipment	25% reducing balance method





	Cash and cash equivalents
	Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

	Retirement benefits
	The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.


2	Judgements and key sources of estimation uncertainty

	In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.



3	Employees		2024	2023
			Number	Number

	Average number of persons employed by the company (including Directors)		3	3


4	Tangible fixed assets
				Plant and machinery etc
				£
	Cost
	At 1 January 2024			5,569
	At 31 December 2024			5,569

	Depreciation
	At 1 January 2024			5,520
	Charge for the year			12
	At 31 December 2024			5,532

	Net book value
	At 31 December 2024			37
	At 31 December 2023			49


5	Fixed asset Investments		2024	2023
			£	£

	Other investments other than loans		1,498,607	1,499,415

	Fixed asset investments not carried at market value: Included in investments are the financial asset investments at market value. The investment in Sweetwoods LLP is held at the cost of £1,400,000 as its fair value cannot be reliably determined.

	Movements in fixed asset investments
				Investments
				£
	Cost or valuation
	At 1 January 2024			1,499,415
	Additions			-
	Valuation changes			(808)
	Disposals			-
	At 31 December 2024			1,498,607

	Carrying amount
	At 31 December 2024			1,498,607
	At 31 December 2023			1,499,415


6	Debtors		2024	2023
			£	£

	Other debtors		3,624,610	3,344,359


7	Creditors: amounts falling due within one year		2024	2023
			£	£

	Taxation and social security costs		2,031	48,058
	Accruals		111,180	109,680
	Other creditors		255,989	275,667
			369,200	433,405


8	Called up share capital		2024	2023
			£	£
	Ordinary share capital
	Ordinary shares of £1 each		3,600,100	3,600,100

			3,600,100	3,600,100


9	Related party transactions

	The Director operates a interest-free loan for the Company. The amount owed to the Director at the end of the year was £46,573 (2023: £58,505).


10	Other information

	CHURCHILL PROPERTIES (SOUTHERN) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Accountax House
	420A streatham High Road
	London
	SW16 3SN