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Company No: 15974072 (England and Wales)

# CHURSTON INVESTMENTS LTD

### Unaudited Financial Statements
For the financial period from 24 September 2024 to 30 September 2025
Pages for filing with the registrar

CHURSTON INVESTMENTS LTD

## Unaudited Financial Statements

For the financial period from 24 September 2024 to 30 September 2025

Contents

CHURSTON INVESTMENTS LTD

## STATEMENT OF FINANCIAL POSITION

As at 30 September 2025
CHURSTON INVESTMENTS LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2025

| Note | 30.09.2025
|  | £
Fixed assets |  |
Investment property | 3 | 518,724
|  | 518,724
Current assets |  |
Debtors | 4 | 1,350
Cash at bank and in hand |  | 2,252
|  | 3,602
Creditors: amounts falling due within one year | 5 | ( 517,942)
Net current liabilities |  | (514,340)
Total assets less current liabilities |  | 4,384
Net assets |  | 4,384
Capital and reserves |  |
Called-up share capital | 6 | 100
Profit and loss account |  | 4,284
Total shareholders' funds |  | 4,384

For the financial period ending 30 September 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Churston Investments Ltd (registered number: 15974072) were approved and authorised for issue by the Board of Directors on 15 May 2026. They were signed on its behalf by:

Mr M S Edwards Director |

CHURSTON INVESTMENTS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 24 September 2024 to 30 September 2025
CHURSTON INVESTMENTS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 24 September 2024 to 30 September 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

##### General information and basis of accounting

Churston Investments Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Newstead Bascombe Road, Churston, Brixham, Devon, United Kingdom, TQ5 0JW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Reporting period length

The company was incorporated during the year and this represents its first accounting period. Accordingly, the accounting period has been extended to cover a period longer than twelve months.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| Period from 24.09.2024 to 30.09.2025
| Number
Monthly average number of persons employed by the Company during the period, including directors | 2

#### 3. Investment property

| Investment property
| £
Valuation |
As at 24 September 2024 | 0
Additions | 518,724
As at 30 September 2025 | 518,724

#### 4. Debtors

| 30.09.2025
| £
Accrued income | 1,350

#### 5. Creditors: amounts falling due within one year

| 30.09.2025
| £
Amounts owed to connected companies | 458,958
Amounts owed to directors | 55,938
Accruals | 2,041
Taxation and social security | 1,005
| 517,942

#### 6. Called-up share capital

| 30.09.2025
| £
Allotted, called-up and fully-paid |
100 Ordinary shares of £ 1.00 each | 100

#### 7. Related party transactions

Transactions with entities in which the entity itself has a participating interest

| 30.09.2025
| £
Amounts owed to associated companies | 458,958

No interest is charged on the loan and the balance is repayable on demand.

Transactions with the entity's directors

| 30.09.2025
| £
Amounts owed to the entity's directors | 55,938

No interest is charged on the loan and the balance is repayable on demand.