REGISTERED NUMBER: 12706811 (England and Wales)

Unaudited Financial Statements for the Year Ended 2 January 2025

for

Christchurch Dwellings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

BO Akomolafe

Dr M O Akomolafe

SECRETARY:

REGISTERED OFFICE:

132 High Street

Braintree

Essex

CM7 1LB

REGISTERED NUMBER:

12706811 (England and Wales)

ACCOUNTANTS:

Simpson Accountancy

Unit 6 Cherrytree Farm

Blackmore End Road

Sible Hedingham

Essex

C09 3LZ

FIXED ASSETS

Tangible assets

4

12,586

16,429

Investment property

5

2,747,888

2,657,477

2,760,474

2,673,906

CURRENT ASSETS

Debtors

6

386,139

191,344

Cash at bank

18,239

22,044

404,378

213,388

CREDITORS

Amounts falling due within one year

7

1,397,263

1,327,610

NET CURRENT LIABILITIES

(992,885

)

(1,114,222

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,767,589

1,559,684

CREDITORS

Amounts falling due after more than one year

8

1,700,123

1,543,346

NET ASSETS

67,466

16,338

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

67,366

16,238

SHAREHOLDERS' FUNDS

67,466

16,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 2 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 2 January 2025 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 2 October 2025 and were signed on its behalf by:

BO Akomolafe - Director

1.	STATUTORY INFORMATION

Christchurch Dwellings 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.

Turnover

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

Tangible fixed assets

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 3 January 2024

21,905

Additions

2,178

At 2 January 2025

24,083

DEPRECIATION

At 3 January 2024

5,476

Charge for year

6,021

At 2 January 2025

11,497

NET BOOK VALUE

At 2 January 2025

12,586

At 2 January 2024

16,429

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 3 January 2024

2,657,477

Additions

90,411

At 2 January 2025

2,747,888

NET BOOK VALUE

At 2 January 2025

2,747,888

At 2 January 2024

2,657,477

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by associates

378,657

9,404

Other debtors

7,482

181,940

386,139

191,344

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1

-

Amounts owed to associates

1,380,554

1,325,740

Taxation and social security

14,763

-

Other creditors

1,945

1,870

1,397,263

1,327,610

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,700,123

1,543,346

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,700,123

1,543,346

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 2 January 2025 and 2 January 2024:

2025

2024

£

£

BO Akomolafe and Dr M O Akomolafe

Balance outstanding at start of year

180,819

9,404

Amounts advanced

188,434

171,415

Amounts repaid

(369,253

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

180,819

10.	RELATED PARTY DISCLOSURES

As at 31st December 2024, the company owed £721,309 (2023: £721,446) to Heheals Pharmaceutical Services Ltd (HPS) and £659,245 (2023: £604,294) to Christchurch Pharmacy Ltd (CPL) and owed £378,657 (2023: £9,404) to Akomolafe Holdings Ltd.

HPS and CPL also collected rent on behalf of the company from their staff.

All companies are under common control.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is BO Akomolafe.

The ultimate controlling party is Dr M O Akomolafe.