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REGISTERED NUMBER: 04057690 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

CENTRAL LONDON BUSINESS CENTRES LIMITED

CENTRAL LONDON BUSINESS CENTRES LIMITED (REGISTERED NUMBER: 04057690)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CENTRAL LONDON BUSINESS CENTRES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: S P Cowie
R L Brown





SECRETARY: S P Cowie





REGISTERED OFFICE: Apartment 39
215A Balham High Road
London
SW17 7ET





REGISTERED NUMBER: 04057690 (England and Wales)





ACCOUNTANTS: Jamesons Limited
Jamesons House
Compton Way
Witney
OX28 3AB

CENTRAL LONDON BUSINESS CENTRES LIMITED (REGISTERED NUMBER: 04057690)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - -
Investments 6 22,785 1,693,163
Investment property 7 274,136 274,136
296,921 1,967,299

CURRENT ASSETS
Debtors 8 1,273,619 232,941
Cash at bank 320,406 7,646
1,594,025 240,587
CREDITORS
Amounts falling due within one year 9 4,266 1,849,413
NET CURRENT ASSETS/(LIABILITIES) 1,589,759 (1,608,826 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,886,680 358,473

PROVISIONS FOR LIABILITIES 11,031 -
NET ASSETS 1,875,649 358,473

CAPITAL AND RESERVES
Called up share capital 10 1 500,000
Capital redemption reserve 1 -
Retained earnings 1,875,647 (141,527 )
SHAREHOLDERS' FUNDS 1,875,649 358,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

CENTRAL LONDON BUSINESS CENTRES LIMITED (REGISTERED NUMBER: 04057690)

BALANCE SHEET - continued
31 DECEMBER 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 5 September 2022 and were signed on its behalf by:





S P Cowie - Director


CENTRAL LONDON BUSINESS CENTRES LIMITED (REGISTERED NUMBER: 04057690)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Central London Business Centres 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.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

There are also fees receivable in respect of the monthly area management fees relating to the franchise areas owned.

Intangible fixed assets
Intangible fixed assets represents the franchise licences and these are being amortised over 10 years as detailed in the terms of the agreements.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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
Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. For the purpose of the cash flow statement, cash and cash equivalents consist of cash and cash equivalents as defined above, net of outstanding bank overdrafts.

Short-term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other operating expenses.

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 balance sheet date.

CENTRAL LONDON BUSINESS CENTRES LIMITED (REGISTERED NUMBER: 04057690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 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.

Group accounts
The financial statements present information about the company as an individual undertaking and not about it's group.

The company and its subsidiary undertaking comprise a small group structure. The company has elected that the exemptions provided by section 398 of the Companies Act 2006 not to prepare group accounts are applied.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2021
and 31 December 2021 1,081,370
AMORTISATION
At 1 January 2021
and 31 December 2021 1,081,370
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

CENTRAL LONDON BUSINESS CENTRES LIMITED (REGISTERED NUMBER: 04057690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 1,208
DEPRECIATION
At 1 January 2021
and 31 December 2021 1,208
NET BOOK VALUE
At 31 December 2021 -

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2021 1,693,163
Disposals (1,670,378 )
At 31 December 2021 22,785
NET BOOK VALUE
At 31 December 2021 22,785
At 31 December 2020 1,693,163

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021
and 31 December 2021 274,136
NET BOOK VALUE
At 31 December 2021 274,136
At 31 December 2020 274,136

CENTRAL LONDON BUSINESS CENTRES LIMITED (REGISTERED NUMBER: 04057690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed by group undertakings 45,403 207,390
Other debtors 1,228,216 25,551
1,273,619 232,941

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 1,873 -
Amounts owed to group undertakings - 1,696,703
Taxation and social security 391 8,627
Other creditors 2,002 144,083
4,266 1,849,413

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal value: 2021 2020
£ £
118,635 'A' Ordinary £0.000004 £0.47 264,144
(2020 - 264,144)
176,562 'B' Ordinary £0.000004 £0.71 235,856
(2020 - 235,856)
£1.18 500,000
During the year there was a capital reduction that reduced the nominal value of the 'A' ordinary and 'B' ordinary shares from £1 to £0.000004.

During the year 145,509 of the 'A' Ordinary shares and 59,294 of the 'B' Ordinary shares were brought back by the company.