REGISTERED NUMBER: 12461355 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Changepoint Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr K I D Mitchell FCA

REGISTERED OFFICE:

c/o The PI Partnership

Bath Brewery

Tollbridge Road

Bath

BA1 7DE

REGISTERED NUMBER:

12461355 (England and Wales)

ACCOUNTANTS:

The P I Partnership

Chartered Certified Accountants

Suite 2

Bath Brewery

Tollbridge Road

Bath

BANES

BA1 7DE

FIXED ASSETS

Tangible assets

4

12,763

15,037

Investment property

5

350,000

345,000

362,763

360,037

CURRENT ASSETS

Cash at bank

2,033

588

CREDITORS

Amounts falling due within one year

6

(211,173

)

(206,921

)

NET CURRENT LIABILITIES

(209,140

)

(206,333

)

TOTAL ASSETS LESS CURRENT LIABILITIES

153,623

153,704

CREDITORS

Amounts falling due after more than one year

7

(156,808

)

(156,808

)

PROVISIONS FOR LIABILITIES

(16,138

)

(14,888

)

NET LIABILITIES

(19,323

)

(17,992

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

8

(19,333

)

(18,002

)

(19,323

)

(17,992

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 September 2025 and were signed by:

Mr K I D Mitchell FCA - Director

1.	STATUTORY INFORMATION

Changepoint Properties Ltd 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 as modified by the revaluation of certain assets.

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

-

15% on reducing balance

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

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

24,277

DEPRECIATION

At 1 April 2024

9,240

Charge for year

2,274

At 31 March 2025

11,514

NET BOOK VALUE

At 31 March 2025

12,763

At 31 March 2024

15,037

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

345,000

Revaluations

5,000

At 31 March 2025

350,000

NET BOOK VALUE

At 31 March 2025

350,000

At 31 March 2024

345,000

The investment property was valued at open market value at 31st March 2025 by the director.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

211,173

206,921

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

156,808

156,808

8.

RESERVES

The company transitioned from FRS105 to FRS 102 with effect from 1 April 2023 which required the investment property to be revalued at fair value and deferred tax to be accounted for on the revaluation. Consequently the fair value increase and deferred provision increased reserves at this date by £37,165 by those previously reported under FRS 105.

9.	OTHER FINANCIAL COMMITMENTS

The company's mortgage of £156,808 is secured on a fixed charge over the assets of the company (£156,808 : 2023).