Company Registration No. 10832044 (England and Wales)
CHALLENGER PROPERTY INVESTMENT LIMITED
Unaudited accounts
for the year ended 31 March 2025
CHALLENGER PROPERTY INVESTMENT LIMITED
Unaudited accounts
Contents
CHALLENGER PROPERTY INVESTMENT LIMITED
Company Information
for the year ended 31 March 2025
Director
Susan Theresa Challenger
Company Number
10832044 (England and Wales)
Registered Office
BRYN Y COED FARM
BRYN Y GARREG
FLINT MOUNTAIN
CH6 5QU
ENGLAND
Accountants
Trimantic Accountants
1 Victor House
Barnet Road
London Colney
AL2 1BJ
CHALLENGER PROPERTY INVESTMENT LIMITED
Statement of financial position
as at 31 March 2025
Investment property
885,000
885,000
Cash at bank and in hand
13,697
7,729
Creditors: amounts falling due within one year
(61,043)
(77,087)
Net current liabilities
(47,346)
(69,358)
Total assets less current liabilities
837,654
815,642
Creditors: amounts falling due after more than one year
(463,703)
(463,703)
Provisions for liabilities
Deferred tax
(17,826)
(17,826)
Net assets
356,125
334,113
Called up share capital
10
10
Profit and loss account
356,115
334,103
Shareholders' funds
356,125
334,113
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 December 2025 and were signed on its behalf by
Susan Theresa Challenger
Director
Company Registration No. 10832044
CHALLENGER PROPERTY INVESTMENT LIMITED
Notes to the Accounts
for the year ended 31 March 2025
CHALLENGER PROPERTY INVESTMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10832044. The registered office is BRYN Y COED FARM, BRYN Y GARREG, FLINT MOUNTAIN, CH6 5QU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met . Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable . A grant received before the recognition criteria are satisfied is recognised as a liability.
CHALLENGER PROPERTY INVESTMENT LIMITED
Notes to the Accounts
for the year ended 31 March 2025
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.
Fair value at 1 April 2024
885,000
The company prepared its financial statement under FRS102 for the year ended 31 March 2025. As required by FRS102, the company's investment properties were revalued to their market value at the Balance Sheet date.
The carrying value of each investment property was assessed by the directors at the Balance Sheet date based on information collected from local estate agents and property sales websites selling similar properties.
5
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
5,500
4,720
Other creditors
3,700
2,516
Loans from directors
51,843
69,851
6
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
463,703
463,703
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).