C&G PROPERTY INVESTMENT LIMITED

Company Registration Number:
SC675616 (Scotland)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

C&G PROPERTY INVESTMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

C&G PROPERTY INVESTMENT LIMITED

Balance sheet

As at 31 May 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 360 164
Investments: 4 199,567 199,567
Total fixed assets: 199,927 199,731
Current assets
Debtors: 5 36 113
Cash at bank and in hand: 1,691 2,180
Total current assets: 1,727 2,293
Creditors: amounts falling due within one year: 6 (71,896) (71,433)
Net current assets (liabilities): (70,169) (69,140)
Total assets less current liabilities: 129,758 130,591
Creditors: amounts falling due after more than one year: 7 (132,245) (132,245)
Total net assets (liabilities): (2,487) (1,654)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (2,488) (1,655)
Shareholders funds: (2,487) (1,654)

The notes form part of these financial statements

C&G PROPERTY INVESTMENT LIMITED

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 October 2023
and signed on behalf of the board by:

Name: Callum Marshall
Status: Director

The notes form part of these financial statements

C&G PROPERTY INVESTMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and servicesprovided in the normal course of business, and is shown net of other sales related taxes. The fair value ofconsideration takes into account trade discounts, settlement discounts and volume rebates.When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration isthe present value of the future receipts. The difference between the fair value of the consideration and thenominal amount received is recognised as interest income.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over theiruseful lives on the following bases:Fixtures and fittings 20% Straight lineThe gain or loss arising on the disposal of an asset is determined as the difference between the sale proceedsand the carrying value of the asset, and is credited or charged to profit or loss.

C&G PROPERTY INVESTMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

C&G PROPERTY INVESTMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 180
Additions 290
At 31 May 2023 470
Depreciation
At 01 June 2022 16
Charge for year 94
At 31 May 2023 110
Net book value
At 31 May 2023 360
At 31 May 2022 164

C&G PROPERTY INVESTMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Fixed investments

Fair valueAt 1 June 2022 and 31 May 2023 £199,567Investment property comprises 199,567. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

C&G PROPERTY INVESTMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Debtors

Other debtors: £36 (2022: £113)

C&G PROPERTY INVESTMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

6. Creditors: amounts falling due within one year note

Other creditors: £71,896 (2022: £71,433)

C&G PROPERTY INVESTMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

7. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts: £132,245 (2022: £132,245)