Registered number
12352136
Cranbrook Two Ltd
Filleted Accounts
31 December 2021
Cranbrook Two Ltd
Registered number: 12352136
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 11,321 14,151
Current assets
Debtors 4 64,847 14,497
Cash at bank and in hand 5,505 40,455
70,352 54,952
Creditors: amounts falling due within one year 5 (18,428) (2,628)
Net current assets 51,924 52,324
Total assets less current liabilities 63,245 66,475
Creditors: amounts falling due after more than one year 6 (66,474) (66,474)
Net (liabilities)/assets (3,229) 1
Capital and reserves
Called up share capital 1 1
Profit and loss account (3,230) -
Shareholders' funds (3,229) 1
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Q Islam
Director
Approved by the board on 14 September 2022
Cranbrook Two Ltd
Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2021 14,151
At 31 December 2021 14,151
Depreciation
Charge for the year 2,830
At 31 December 2021 2,830
Net book value
At 31 December 2021 11,321
At 31 December 2020 14,151
4 Debtors 2021 2020
£ £
Trade debtors 14,497 14,497
Amounts owed by group undertakings 50,350 -
64,847 14,497
5 Creditors: amounts falling due within one year 2021 2020
£ £
Amounts owed to group undertakings 15,400 -
Other creditors 3,028 2,628
18,428 2,628
6 Creditors: amounts falling due after one year 2021 2020
£ £
Other creditors 66,474 66,474
7 Other information
Cranbrook Two Ltd is a private company limited by shares and incorporated in England. Its registered office is:
144 High Road Leyton
London
E15 2BX
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