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REGISTERED NUMBER: 00868829 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

FOR

CERAMIC TILES LIMITED

CERAMIC TILES LIMITED (REGISTERED NUMBER: 00868829)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CERAMIC TILES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







DIRECTOR: N S Braybrooke





SECRETARY: Mrs L Braybrooke





REGISTERED OFFICE: 8 Olympus Close
Ipswich
Suffolk
IP1 5LN





REGISTERED NUMBER: 00868829 (England and Wales)





ACCOUNTANTS: Ballams
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

CERAMIC TILES LIMITED (REGISTERED NUMBER: 00868829)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,445,977 1,472,047
Investments 5 256,448 256,448
Investment property 6 717,937 271,338
2,420,362 1,999,833

CURRENT ASSETS
Debtors 7 27,785 36,701
Cash at bank 1,188,479 1,278,158
1,216,264 1,314,859
CREDITORS
Amounts falling due within one year 8 175,186 134,040
NET CURRENT ASSETS 1,041,078 1,180,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,461,440

3,180,652

PROVISIONS FOR LIABILITIES 9 (35,907 ) -

DEFERRED INCOME 10 (186,980 ) (214,367 )
NET ASSETS 3,238,553 2,966,285

CERAMIC TILES LIMITED (REGISTERED NUMBER: 00868829)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2022

2022 2021
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 186,308 186,308
Share premium 6,556 6,556
Revaluation reserve 107,721 -
Capital redemption reserve 564,088 564,088
Retained earnings 2,373,880 2,209,333
SHAREHOLDERS' FUNDS 3,238,553 2,966,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2022 and were signed by:





N S Braybrooke - Director


CERAMIC TILES LIMITED (REGISTERED NUMBER: 00868829)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

1. STATUTORY INFORMATION

Ceramic Tiles 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Ceramic Tiles 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 represents rental income receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

Land is not depreciated.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, bank facilities and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.


CERAMIC TILES LIMITED (REGISTERED NUMBER: 00868829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

2. ACCOUNTING POLICIES - continued
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.

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.

Fixed asset investments
Fixed asset investments are stated at historical cost less provision for any diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 February 2021
and 31 January 2022 1,813,634
DEPRECIATION
At 1 February 2021 341,587
Charge for year 26,070
At 31 January 2022 367,657
NET BOOK VALUE
At 31 January 2022 1,445,977
At 31 January 2021 1,472,047

CERAMIC TILES LIMITED (REGISTERED NUMBER: 00868829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

4. TANGIBLE FIXED ASSETS - continued

Included in the cost of freehold property is freehold land of £510,127 (2021 - £510,127) which is not depreciated.

5. FIXED ASSET INVESTMENTS
Shares in
group Unlisted
undertakings investments Totals
£    £    £   
COST
At 1 February 2021
and 31 January 2022 255,608 840 256,448
NET BOOK VALUE
At 31 January 2022 255,608 840 256,448
At 31 January 2021 255,608 840 256,448

Other investments of £840 represents 12.50% of the unlisted ordinary share capital of ABCD Distributors Limited.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2021 271,338
Additions 302,972
Revaluations 143,627
At 31 January 2022 717,937
NET BOOK VALUE
At 31 January 2022 717,937
At 31 January 2021 271,338

Fair value at 31 January 2022 is represented by:
£   
Valuation in 2022 143,627
Cost 574,310
717,937

CERAMIC TILES LIMITED (REGISTERED NUMBER: 00868829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

6. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 574,310 -

Investment property was valued on an open market basis basis on 31 January 2022 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,281 814
Amounts owed by group undertakings - 11,652
Other debtors 26,504 24,235
27,785 36,701

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 298 140
Amounts owed to group undertakings 64,523 -
Taxation and social security 57,446 55,666
Other creditors 52,919 78,234
175,186 134,040

9. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax
Investment property gain 35,907 -

Deferred
tax
£   
Investment property gain 35,907
Balance at 31 January 2022 35,907

CERAMIC TILES LIMITED (REGISTERED NUMBER: 00868829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

10. DEFERRED INCOME
2022 2021
£    £   
Deferred income 186,980 214,367

£158,191 of the deferred income will be released to the profit and loss account after more than one year. Of this amount £27,536 will be released to the profit and loss account after more than five years.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
88 A Ordinary shares £1 88 88
100 C Ordinary shares £1 100 100
186,120 B Ordinary shares £1 186,120 186,120
186,308 186,308