C&N Property Investors Ltd 09390332 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is 79120 Digita Accounts Production Advanced 6.30.9574.0 true true 09390332 2022-02-01 2023-01-31 09390332 2023-01-31 09390332 bus:Revised 2023-01-31 09390332 core:CurrentFinancialInstruments 2023-01-31 09390332 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 09390332 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 09390332 core:OtherResidualIntangibleAssets 2023-01-31 09390332 core:FurnitureFittingsToolsEquipment 2023-01-31 09390332 bus:SmallEntities 2022-02-01 2023-01-31 09390332 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 09390332 bus:FullAccounts 2022-02-01 2023-01-31 09390332 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 09390332 bus:RegisteredOffice 2022-02-01 2023-01-31 09390332 bus:Director1 2022-02-01 2023-01-31 09390332 bus:Director2 2022-02-01 2023-01-31 09390332 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 09390332 core:IntangibleAssetsOtherThanGoodwill 2022-02-01 2023-01-31 09390332 core:OtherResidualIntangibleAssets 2022-02-01 2023-01-31 09390332 core:FurnitureFittings 2022-02-01 2023-01-31 09390332 core:FurnitureFittingsToolsEquipment 2022-02-01 2023-01-31 09390332 core:OfficeEquipment 2022-02-01 2023-01-31 09390332 countries:EnglandWales 2022-02-01 2023-01-31 09390332 2022-01-31 09390332 core:OtherResidualIntangibleAssets 2022-01-31 09390332 core:FurnitureFittingsToolsEquipment 2022-01-31 09390332 2021-02-01 2022-01-31 09390332 2022-01-31 09390332 core:CurrentFinancialInstruments 2022-01-31 09390332 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 09390332 core:Non-currentFinancialInstruments core:AfterOneYear 2022-01-31 09390332 core:OtherResidualIntangibleAssets 2022-01-31 09390332 core:FurnitureFittingsToolsEquipment 2022-01-31 iso4217:GBP xbrli:pure

Registration number: 09390332

C&N Property Investors Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

 

C&N Property Investors Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

C&N Property Investors Ltd

Company Information

Directors

Mr Christopher John Parkes

Mr Neil James Wadmore

Registered office

6 Admirals Close
Fawley
Southampton
Hampshire
SO45 1FQ

Accountants

RiverView Portfolio Limited
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

C&N Property Investors Ltd

(Registration number: 09390332)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

5

635

847

Tangible assets

6

15,439

10,862

 

16,074

11,709

Current assets

 

Debtors

7

68,694

38,856

Cash at bank and in hand

 

82,398

95,209

 

151,092

134,065

Creditors: Amounts falling due within one year

8

(34,272)

(15,165)

Net current assets

 

116,820

118,900

Total assets less current liabilities

 

132,894

130,609

Creditors: Amounts falling due after more than one year

8

(63,592)

(104,746)

Net assets

 

69,302

25,863

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

68,302

24,863

Shareholders' funds

 

69,302

25,863

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 9 October 2023 and signed on its behalf by:
 

.........................................
Mr Christopher John Parkes
Director

 

C&N Property Investors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Admirals Close
Fawley
Southampton
Hampshire
SO45 1FQ
England

These financial statements were authorised for issue by the Board on 9 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

C&N Property Investors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixture and fittings

25% Reducing balance

Office equipment

25% Reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

C&N Property Investors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023 (continued)

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

5,146

3,621

Amortisation expense

211

282

 

C&N Property Investors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023 (continued)

5

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 February 2022

1,506

1,506

At 31 January 2023

1,506

1,506

Amortisation

At 1 February 2022

659

659

Amortisation charge

212

212

At 31 January 2023

871

871

Carrying amount

At 31 January 2023

635

635

At 31 January 2022

847

847

6

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2022

24,666

24,666

Additions

9,723

9,723

At 31 January 2023

34,389

34,389

Depreciation

At 1 February 2022

13,804

13,804

Charge for the year

5,146

5,146

At 31 January 2023

18,950

18,950

Carrying amount

At 31 January 2023

15,439

15,439

At 31 January 2022

10,862

10,862

 

C&N Property Investors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023 (continued)

7

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

6,035

4,646

Amounts owed by related parties

22,335

17,348

Prepayments

 

15,137

1,586

Other debtors

 

25,187

15,276

   

68,694

38,856

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

4,933

7,345

Taxation and social security

28,885

4,582

Accruals and deferred income

453

3,237

Other creditors

1

1

34,272

15,165

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

63,592

104,746