Chris and Delia Holdings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10475961

CHRIS AND DELIA HOLDINGS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

CHRIS AND DELIA HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		884,495	884,495

Current assets

Debtors	5	1,514,829		1,614,301

Creditors: amounts falling due within one year	6	2,175,546		2,292,202
		-------------		-------------
Net current liabilities			660,717	677,901
			----------	----------
Total assets less current liabilities			223,778	206,594
			----------	----------
Net assets			223,778	206,594
			----------	----------

Capital and reserves

Called up share capital	100	100
Profit and loss account	223,678	206,494
	----------	----------
Shareholders funds	223,778	206,594
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

CHRIS AND DELIA HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 9 December 2025 , and are signed on behalf of the board by:

Mrs D A Chapman
Director

Company registration number: 10475961

CHRIS AND DELIA HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Avenals Farm, Water Lane, Angmering, Littlehampton, BN16 4EP, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director. The financial statements have been prepared under the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. If the company were unable to continue in operational existence for the foreseeable future, adjustment would have to be made to reduce the balance sheet values of the assets to their recoverable amounts, and to provide for further liabilities that might arise. The director believes that it is appropriate for the financial statements to be prepared on the going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: ~ Investment property valuations.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis. The company does not depreciate its investment properties and although this policy is in accordance with FRS 102, it is a departure from the Companies Act 2006 requirements for all tangible assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the financial statements to give a true and fair view.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Freehold property
	£
Cost
At 1 April 2024 and 31 March 2025	884,495
	----------
Depreciation
At 1 April 2024 and 31 March 2025	–
	----------
Carrying amount
At 31 March 2025	884,495
	----------
At 31 March 2024	884,495
	----------

Included within the above is investment property as follows:

	£
	----------
At 1 April 2024 and 31 March 2025	884,495
	----------

The investment properties have been valued by the director at 31 March 2025. The director has based their valuation on the assumption that the properties have not increased in value significantly since they were acquired. The company has not had the investment properties valued by external independent valuers. Accordingly, in the director's opinion, the carrying value of the investment properties as at 31 March 2025 is not significantly different from the open market fair values of the properties as at that date.

5. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,513,975	1,613,341
Other debtors	854	960
	-------------	-------------
	1,514,829	1,614,301
	-------------	-------------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	9,031	8,977
Other creditors	2,166,515	2,283,225
	-------------	-------------
	2,175,546	2,292,202
	-------------	-------------

7. Related party transactions

The company had taken advantage of the exemption of FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (section 33), not to disclose related party transactions and balances with wholly owned subsidiaries within the group.

8. Controlling party

The Company regards The Fancy Liquor Co Ltd, incorporated in England and Wales, as its immediate and ultimate parent undertaking. The registered office of The Fancy Liquor Co Ltd is 168 Church Road, Hove, East Sussex, BN3 2DL, England. The principal place of business of The Fancy Liquor Co Ltd is The Offices, Avenals Farm, Water Lane, Angmering, West Sussex, BN16 4EP, England.