REGISTERED NUMBER: 02454284 (England and Wales)

CHRISTOPHER HIND DEVELOPMENTS LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Hind

Miss N L Hind

Mrs C Thompson

REGISTERED OFFICE:

The Riding School House

Bulls Lane

Wishaw

Sutton Coldfield

West Midlands

B76 9QW

REGISTERED NUMBER:

02454284 (England and Wales)

FIXED ASSETS

Tangible assets

4

347

1,611

Investment property

5

3,130,000

3,130,000

3,130,347

3,131,611

CURRENT ASSETS

Debtors

6

23

40,570

Cash at bank

240,350

167,637

240,373

208,207

CREDITORS

Amounts falling due within one year

7

2,439,482

2,441,650

NET CURRENT LIABILITIES

(2,199,109

)

(2,233,443

)

TOTAL ASSETS LESS CURRENT LIABILITIES

931,238

898,168

PROVISIONS FOR LIABILITIES

47,125

47,125

NET ASSETS

884,113

851,043

CAPITAL AND RESERVES

Called up share capital

2

2

Other reserve

8

156,936

156,936

Retained earnings

727,175

694,105

SHAREHOLDERS' FUNDS

884,113

851,043

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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2025 and were signed on its behalf by:

C Hind - Director

1.	STATUTORY INFORMATION

Christopher Hind Developments 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 as modified by the revaluation of certain assets.

As at 31st March 2025, the company's balance sheet reflected net current liabilities. However, included within creditors falling due within one year are amounts of £2,194,000 due to related entities of a Director. The related entities have given assurances that repayment will not be requested until sufficient funds are available and accordingly the Directors considers the going concern basis of preparation to be appropriate.

Significant judgements and estimates

Investment Properties

The value of the properties is assessed by an independent property valuation specialist at each reporting date using publicly available market evidence comprising primarily of values of comparable properties in the area and national market statistics. However, it is inherently difficult to assess the true market value of the properties without actively marketing the properties for sale.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Investment property

The company's properties are held for long-term investment and depreciation is not provided in respect of such properties. At the balance sheet date the investment properties are included at their fair value. This policy represents a departure from the statutory accounting principles, which require depreciation to be provided on all fixed assets. The Director considers that this policy is necessary in order that the financial statements may give a true and fair view.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

8,437

DEPRECIATION

At 1 April 2024

6,826

Charge for year

1,264

At 31 March 2025

8,090

NET BOOK VALUE

At 31 March 2025

347

At 31 March 2024

1,611

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

3,130,000

NET BOOK VALUE

At 31 March 2025

3,130,000

At 31 March 2024

3,130,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

15,550

Valuation in 2024

188,511

Cost

2,925,939

3,130,000

Investment property fair values at 31st March 2025 are based on valuations by the directors based upon their experience in the rental market and current prevailing rentals.

The cost of investment property held at 31st March 2025 was £2,925,939. Any gain or loss arising from a change in fair value is recognised in profit or loss in that accounting period.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

-

39,600

Other debtors

23

970

23

40,570

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Taxation and social security

13,503

14,881

Other creditors

2,425,979

2,426,769

2,439,482

2,441,650

8.

RESERVES

Other

reserve

£

At 1 April 2024

and 31 March 2025

156,936

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25

31/3/24

£

£

C Hind

Balance outstanding at start of year

867

(12,892

)

Amounts advanced

3,218

17,070

Amounts repaid

(4,951

)

(3,311

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(866

)

867