Surf AccountsProduction v1.0.0 v1.0.0 2021-02-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company during the period was property development. 18 August 2022 0 0 09966352 2021-08-31 09966352 2021-01-31 09966352 2020-01-31 09966352 2021-02-01 2021-08-31 09966352 2020-02-01 2021-01-31 09966352 uk-bus:PrivateLimitedCompanyLtd 2021-02-01 2021-08-31 09966352 uk-bus:AbridgedAccounts 2021-02-01 2021-08-31 09966352 uk-core:ShareCapital 2021-08-31 09966352 uk-core:ShareCapital 2021-01-31 09966352 uk-core:RetainedEarningsAccumulatedLosses 2021-08-31 09966352 uk-core:RetainedEarningsAccumulatedLosses 2021-01-31 09966352 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-08-31 09966352 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-01-31 09966352 uk-bus:FRS102 2021-02-01 2021-08-31 09966352 2021-02-01 2021-08-31 09966352 uk-bus:Director1 2021-02-01 2021-08-31 09966352 uk-bus:AuditExempt-NoAccountantsReport 2021-02-01 2021-08-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 09966352
 
 
City Centre Property Developments Limited
 
Abridged Unaudited Financial Statements
 
for the financial period ended 31 August 2021
City Centre Property Developments Limited
Company Registration Number: 09966352
ABRIDGED BALANCE SHEET
as at 31 August 2021

Aug 21 Jan 21
Notes £ £
 
Current Assets
Stocks 65,123 65,123
Debtors 196,525 209,739
Cash and cash equivalents - 36
───────── ─────────
261,648 274,898
───────── ─────────
Creditors: amounts falling due within one year (207,533) (211,244)
───────── ─────────
Net Current Assets 54,115 63,654
───────── ─────────
Total Assets less Current Liabilities 54,115 63,654
 
Creditors:
amounts falling due after more than one year (41,667) (50,000)
───────── ─────────
Net Assets 12,448 13,654
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 12,348 13,554
───────── ─────────
Equity attributable to owners of the company 12,448 13,654
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
           
For the financial period ended 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
           
Approved by the Director and authorised for issue on 18 August 2022
           
           
           
________________________________          
Mr A H Gershon          
Director          
           



City Centre Property Developments Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial period ended 31 August 2021

   
1. General Information
 
City Centre Property Developments Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 09966352. The registered office of the company is Handel House, 95 High Street, Edgware    HA8 7DB. The principal activity of the company during the period was property development. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 August 2021 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
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.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
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.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
   
3. Period of financial statements
 
The financial statements are for the 7 month period ended 31 August 2021.
       
4. Employees
 
The average monthly number of employees, including director, during the financial period was 1, (Jan 21 - 1).