Registered number
11125500
CND Property Limited
Filleted Accounts
31 December 2022
CND Property Limited
Registered number: 11125500
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Investments 3 786,294 757,378
Current assets
Debtors 4 1,269 -
Cash at bank and in hand 7,911 7,404
9,180 7,404
Creditors: amounts falling due within one year 5 (243,311) (235,483)
Net current liabilities (234,131) (228,079)
Total assets less current liabilities 552,163 529,299
Creditors: amounts falling due after more than one year 6 (367,270) (377,719)
Provisions for liabilities (37,828) (32,416)
Net assets 147,065 119,164
Capital and reserves
Called up share capital 10 10
Profit and loss account 147,055 119,154
Shareholders' funds 147,065 119,164
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.
Approved by the board on 30 September 2023
…....................................................................
Mr C McDaid
Director
CND Property Limited
Notes to the Accounts
for the year ended 31 December 2022
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 rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 January 2022 757,378
Additions 433
Revaluation 28,483
At 31 December 2022 786,294
Historical cost
At 1 January 2022 586,764
At 31 December 2022 587,197
4 Debtors 2022 2021
£ £
Other debtors 1,269 -
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 56,466 63,266
Other creditors 186,845 172,217
243,311 235,483
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 367,270 377,719
7 Other information
CND Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
32-34 Market Street
Heanor
DE75 7NR
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