Christchurch Property Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03881360 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

CHRISTCHURCH PROPERTY COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

AC Harris

REGISTERED OFFICE:

24 Fore St

Ipswich

Suffolk

IP4 1JU

REGISTERED NUMBER:

03881360 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Tax Advisers

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

BANKERS:

HSBC

12 Tavern Street

Ipswich

IP1 3AZ

FIXED ASSETS

Tangible assets

4

1,698

2,265

Investments

5

106

1,804

2,371

CURRENT ASSETS

Debtors

6

397,780

211,777

Cash at bank and in hand

541,607

476,171

939,387

687,948

CREDITORS

Amounts falling due within one year

7

636,173

227,152

NET CURRENT ASSETS

303,214

460,796

TOTAL ASSETS LESS CURRENT
LIABILITIES

305,018

463,167

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

305,016

463,165

SHAREHOLDERS' FUNDS

305,018

463,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2025 and were signed by:

AC Harris - Director

1.	STATUTORY INFORMATION

Christchurch Property Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Christchurch Property Company Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2023

and 30 November 2024

23,657

DEPRECIATION

At 1 December 2023

21,392

Charge for year

567

At 30 November 2024

21,959

NET BOOK VALUE

At 30 November 2024

1,698

At 30 November 2023

2,265

5.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

undertakings

associate

Totals

£

COST

At 1 December 2023

and 30 November 2024

100

6

106

NET BOOK VALUE

At 30 November 2024

100

6

106

At 30 November 2023

100

6

106

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

400

Amounts owed by group undertakings

286,690

182,132

Other debtors

110,690

29,245

397,780

211,777

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

35,019

25,943

Amounts owed to associates

395,834

33,851

Taxation and social security

46

Other creditors

205,274

167,312

636,173

227,152

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024

2023

£

AC Harris

Balance outstanding at start of year

20,000

-

Amounts advanced

80,000

20,000

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

100,000

20,000

The directors loans are interest free and repayable on demand.

9.	RELATED PARTY DISCLOSURES

At the year end the following amounts were due from related parties:

Harris Strategic Land (Melton) Ltd (a company of which Mr A Harris is a director and both Mr A Harris and Ms F Stephenson are shareholders) £645,922 (2023; £621,896)

Christchurch Land Acquisition & Development Limited (a company of which Mr A Harris is a director and both Mr A Harris and Ms F Stephenson are shareholders) £78,732 (2023; £74,821)

Barrets Lane Barns Management Ltd (a company of which Mr A Harris is a director and shareholder) £613 (2023; £613)

Christchurch Land & Estates (Elmswell South) Limited (a company of which Mr A Harris is a director and both Mr A Harris and Ms F Stephenson are shareholders) £286,690 (2023; £182,144)

Christchurch Land & Estates (Martlesham) Limited (a company of which Mr A Harris is a director and shareholder) £462 (2023; £462)

At the year end the following amounts were due to related parties:

Christchurch Land & Estates (Rendlesham) Limited (a company of which Mr A Harris is a director and both Mr A Harris and Ms F Stephenson are shareholders) £148,328 (2023 £151,118)

Christchurch Land & Estates (Felixstowe) Limited (a company of which Mr A Harris is a director and both Mr A Harris and Ms F Stephenson are shareholders) £865,150 (2023; £477,583)

Christchurch Land & Estates (Halesworth) Limited (a company of which Mr A Harris is a director and both Mr A Harris and Ms F Stephenson are shareholders) £24,128 (2023; £17,789)

Christchurch Land & Estates (Elmswell North) Limited (a company of which Mr A Harris is a director and both Mr A Harris and Ms F Stephenson are shareholders) £83,872 (2023; £85,068)

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr A Harris