Registered number
12835040
CS002 Limited
Filleted Accounts
31 August 2023
CS002 Limited
Registered number: 12835040
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 140,000 140,000
Current assets
Cash at bank and in hand 1 1
Creditors: amounts falling due within one year 4 (11,833) (8,797)
Net current liabilities (11,832) (8,796)
Total assets less current liabilities 128,168 131,204
Creditors: amounts falling due after more than one year 5 (109,000) (109,000)
Net assets 19,168 22,204
Capital and reserves
Called up share capital 1 1
Revaluation reserve 6 60,000 60,000
Profit and loss account (40,833) (37,797)
Shareholder's funds 19,168 22,204
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Michael Anthony Cockrell
Director
Approved by the board on 1 September 2023
CS002 Limited
Notes to the Accounts
for the year ended 31 August 2023
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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
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 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2022 140,000
Surplus on revaluation -
At 31 August 2023 140,000
Depreciation
At 31 August 2023 -
Net book value
At 31 August 2023 140,000
At 31 August 2022 140,000
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 11,833 8,797
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 109,000 109,000
6 Revaluation reserve 2023 2022
£ £
Gain on revaluation of land and buildings - 60,000
At 31 August 2023 60,000 60,000
7 Other information
CS002 Limited is a private company limited by shares and incorporated in England. Its registered office is:
C/o Studio 1
Clarks Courtyard
145 Granville Street
Birmingham
B1 1SB
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