REGISTERED NUMBER: 09021806 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CBHC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I Harris

P Sartain

D Munro

Miss C Reardon

REGISTERED OFFICE:

Suite 3, Steeple House

Church Lane

Chelmsford

Essex

CM1 1NH

REGISTERED NUMBER:

09021806 (England and Wales)

ACCOUNTANTS:

CBHC Limited

Suite 3, Steeple House

Church Lane

Chelmsford

Essex

CM1 1NH

FIXED ASSETS

Intangible assets

4

688,861

688,861

Tangible assets

5

7,709

7,738

696,570

696,599

CURRENT ASSETS

Debtors

6

393,567

424,334

Cash at bank

17,631

128

411,198

424,462

CREDITORS

Amounts falling due within one year

7

523,121

482,849

NET CURRENT LIABILITIES

(111,923

)

(58,387

)

TOTAL ASSETS LESS CURRENT LIABILITIES

584,647

638,212

CREDITORS

Amounts falling due after more than one year

8

177,638

257,190

NET ASSETS

407,009

381,022

CAPITAL AND RESERVES

Called up share capital

28

28

Retained earnings

406,981

380,994

SHAREHOLDERS' FUNDS

407,009

381,022

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 29 September 2025 and were signed on its behalf by:

P Sartain - Director

Miss C Reardon - Director

1.	STATUTORY INFORMATION

CBHC 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Changes in accounting policies

The directors believe that an annual impairment review of Goodwill is more appropriate in valuing the company's Goodwill, the company no longer amortises Goodwill which represents a change in accounting policy.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill was valued by the Directors based on the acquisition value of the company's client base acquired from CBHC Financial Holdings Limited at Net Book Value. The directors conduct an annual impairment review rather than amortising the costs as required by FRS 102 as it is considered a more acerate reflection of the value of the business at the balance sheet date.

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.

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

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

729,765

AMORTISATION

At 1 January 2024

and 31 December 2024

40,904

NET BOOK VALUE

At 31 December 2024

688,861

At 31 December 2023

688,861

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

22,109

Additions

4,275

At 31 December 2024

26,384

DEPRECIATION

At 1 January 2024

14,371

Charge for year

4,304

At 31 December 2024

18,675

NET BOOK VALUE

At 31 December 2024

7,709

At 31 December 2023

7,738

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

326,512

343,431

Other debtors

67,055

80,903

393,567

424,334

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

64,538

93,591

Trade creditors

18,986

31,678

Amounts owed to group undertakings

36,860

-

Taxation and social security

282,556

208,838

Other creditors

120,181

148,742

523,121

482,849

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

170,713

227,069

Other creditors

6,925

30,121

177,638

257,190

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

44,399

9.	RELATED PARTY DISCLOSURES

In 2023 the company acquired Goodwill from it's parent company CBHC Financial Holdings at a Net Book Value of £671,358.

The company was controlled by the directors throughout the year.