Company Registration No. 11282677 (England and Wales)
Cinnamon Homes Limited
Unaudited accounts
for the year ended 28 February 2023
Cinnamon Homes Limited
Unaudited accounts
Contents
Cinnamon Homes Limited
Company Information
for the year ended 28 February 2023
Company Number
11282677 (England and Wales)
Registered Office
283 Woodlands Road
Southampton
SO40 7GE
England
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Cinnamon Homes Limited
Accountants' report
Accountants' report to the director of Cinnamon Homes Limited on the preparation of the unaudited statutory accounts for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Cinnamon Homes Limited for the year ended
28 February 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Cinnamon Homes Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Cinnamon Homes Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cinnamon Homes Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Cinnamon Homes Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Cinnamon Homes Limited. You consider that Cinnamon Homes Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Cinnamon Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
18 July 2023
Cinnamon Homes Limited
Statement of financial position
as at 28 February 2023
Investment property
169,754
169,263
Cash at bank and in hand
1,179
437
Creditors: amounts falling due within one year
(31,117)
(11,902)
Net current (liabilities)/assets
(4,438)
25,535
Total assets less current liabilities
165,895
196,068
Creditors: amounts falling due after more than one year
(135,990)
(135,990)
Called up share capital
100
100
Profit and loss account
29,805
59,978
Shareholders' funds
29,905
60,078
For the year ending 28 February 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 October 2023 and were signed on its behalf by
Adley Siddiqi
Director
Company Registration No. 11282677
Cinnamon Homes Limited
Notes to the Accounts
for the year ended 28 February 2023
Cinnamon Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 11282677. The registered office is 283 Woodlands Road, Southampton, SO40 7GE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Between 20 - 33% on cost
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Cinnamon Homes Limited
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2022
6,600
798
7,398
At 28 February 2023
6,600
798
7,398
At 1 March 2022
5,861
267
6,128
Charge for the year
491
200
691
At 28 February 2023
6,352
467
6,819
At 28 February 2023
248
331
579
At 28 February 2022
739
531
1,270
Fair value at 1 March 2022
169,263
Net gain from fair value adjustments
491
At 28 February 2023
169,754
Amounts falling due within one year
Other debtors
25,500
37,000
7
Creditors: amounts falling due within one year
2023
2022
Loans from directors
30,286
11,243
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
135,990
135,990
Aggregate of amounts that fall due for payment after five years
135,990
135,990
9
Transactions with related parties
Included in current assets are loans to related companies of £25,500 (2022 - £37,000). These loans are interest-free and repayable on demand.
Cinnamon Homes Limited
Notes to the Accounts
for the year ended 28 February 2023
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).