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REGISTERED NUMBER: 10491916 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

CONTEXTUAL CONSTRUCTION LIMITED

CONTEXTUAL CONSTRUCTION LIMITED (REGISTERED NUMBER: 10491916)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


CONTEXTUAL CONSTRUCTION LIMITED (REGISTERED NUMBER: 10491916)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 97,000 97,000

CURRENT ASSETS
Debtors 5 350 1,117
Cash at bank 1,002 672
1,352 1,789
CREDITORS
Amounts falling due within one year 6 28,864 29,605
NET CURRENT LIABILITIES (27,512 ) (27,816 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,488

69,184

CREDITORS
Amounts falling due after more than one
year

7

(64,960

)

(64,960

)

PROVISIONS FOR LIABILITIES (1,813 ) (1,813 )
NET ASSETS 2,715 2,411

CAPITAL AND RESERVES
Called up share capital 10 100 100
Non distributable reserves 8,422 8,422
Retained earnings (5,807 ) (6,111 )
SHAREHOLDERS' FUNDS 2,715 2,411

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 November 2021 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.

CONTEXTUAL CONSTRUCTION LIMITED (REGISTERED NUMBER: 10491916)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2021


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 Board of Directors and authorised for issue on 17 August 2022 and were signed on its behalf by:





D Barry - Director


CONTEXTUAL CONSTRUCTION LIMITED (REGISTERED NUMBER: 10491916)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021


1. STATUTORY INFORMATION

Contextual Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10491916

Registered office: 23 Ickworth Park Road
Walthamstow
London
E17 6LN

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 as modified by the revaluation of certain assets.

Significant judgements and estimates
In the preparation of the financial statements, it is necessary for the management of the company to make estimates and certain presumptions that can affect the valuation of the assets and liabilities and the outcome of the income statement. The actual outcome may differ from these estimates and presumptions. The most significant estimates made in these accounts relates to the valuation of investment properties. Valuations are made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Investment property
Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost which includes the purchase cost and any directly attributable expenditure. Subsequent to initial recognition investment properties are held at fair value. Any gains or losses arising from changes in the fair value are recognised in profit or loss in the period that they arise. No depreciation is provided in respect of investment properties applying the fair value model.

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 statement of financial position date.


CONTEXTUAL CONSTRUCTION LIMITED (REGISTERED NUMBER: 10491916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The financial statements have been prepared on the going concern basis which the Directors believe
to be appropriate. The company continues with the support of its directors and shareholders.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2020
and 30 November 2021 97,000
NET BOOK VALUE
At 30 November 2021 97,000
At 30 November 2020 97,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 November 2021 by the Directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 30 November 2021 is represented by:
£   
Valuation in 2020 10,235
Cost 86,765
97,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Prepayments 350 1,117

CONTEXTUAL CONSTRUCTION LIMITED (REGISTERED NUMBER: 10491916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 93 1,184
Directors' current accounts 28,075 27,725
Accrued expenses 696 696
28,864 29,605

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans (see note 8) 64,960 64,960

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 64,960 64,960

8. LOANS

An analysis of the maturity of loans is given below:

2021 2020
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 64,960 64,960

9. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 64,960 64,960

The loan is secured by way of first fixed charge as a legal mortgage against the investment property together with all buildings, fixtures and fixed plant and machinery.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1 100 100

CONTEXTUAL CONSTRUCTION LIMITED (REGISTERED NUMBER: 10491916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021


11. RELATED PARTY DISCLOSURES

Amounts due (to)/from related parties at the balance sheet date:

2021 2020
£    £   
D Barry (Director) (13,751 ) (13,401 )
D Pillay (Director) (14,324 ) (14,324 )
Total (26,054 ) (25,705 )