2022-05-012023-02-282023-02-28false11930063Culdrose Properties Ltd2023-07-0468100iso4217:GBPxbrli:pure119300632022-05-01119300632023-02-28119300632022-05-012023-02-28119300632021-05-01119300632022-04-30119300632021-05-012022-04-3011930063bus:SmallEntities2022-05-012023-02-2811930063bus:AuditExempt-NoAccountantsReport2022-05-012023-02-2811930063bus:FullAccounts2022-05-012023-02-2811930063bus:PrivateLimitedCompanyLtd2022-05-012023-02-2811930063core:WithinOneYear2023-02-2811930063core:AfterOneYear2023-02-2811930063core:WithinOneYear2022-04-3011930063core:AfterOneYear2022-04-3011930063core:ShareCapital2023-02-2811930063core:SharePremium2023-02-2811930063core:RevaluationReserve2023-02-2811930063core:OtherReservesSubtotal2023-02-2811930063core:RetainedEarningsAccumulatedLosses2023-02-2811930063core:ShareCapital2022-04-3011930063core:SharePremium2022-04-3011930063core:RevaluationReserve2022-04-3011930063core:OtherReservesSubtotal2022-04-3011930063core:RetainedEarningsAccumulatedLosses2022-04-3011930063core:LandBuildings2023-02-2811930063core:PlantMachinery2023-02-2811930063core:Vehicles2023-02-2811930063core:FurnitureFittings2023-02-2811930063core:OfficeEquipment2023-02-2811930063core:NetGoodwill2023-02-2811930063core:IntangibleAssetsOtherThanGoodwill2023-02-2811930063core:ListedExchangeTraded2023-02-2811930063core:UnlistedNon-exchangeTraded2023-02-2811930063core:LandBuildings2022-04-3011930063core:PlantMachinery2022-04-3011930063core:Vehicles2022-04-3011930063core:FurnitureFittings2022-04-3011930063core:OfficeEquipment2022-04-3011930063core:NetGoodwill2022-04-3011930063core:IntangibleAssetsOtherThanGoodwill2022-04-3011930063core:ListedExchangeTraded2022-04-3011930063core:UnlistedNon-exchangeTraded2022-04-3011930063core:LandBuildings2022-05-012023-02-2811930063core:PlantMachinery2022-05-012023-02-2811930063core:Vehicles2022-05-012023-02-2811930063core:FurnitureFittings2022-05-012023-02-2811930063core:OfficeEquipment2022-05-012023-02-2811930063core:NetGoodwill2022-05-012023-02-2811930063core:IntangibleAssetsOtherThanGoodwill2022-05-012023-02-2811930063core:ListedExchangeTraded2022-05-012023-02-2811930063core:UnlistedNon-exchangeTraded2022-05-012023-02-2811930063core:MoreThanFiveYears2022-05-012023-02-2811930063core:Non-currentFinancialInstruments2023-02-2811930063core:Non-currentFinancialInstruments2022-04-3011930063dpl:CostSales2022-05-012023-02-2811930063dpl:DistributionCosts2022-05-012023-02-2811930063dpl:AdministrativeExpenses2022-05-012023-02-2811930063core:LandBuildings2022-05-012023-02-2811930063core:PlantMachinery2022-05-012023-02-2811930063core:Vehicles2022-05-012023-02-2811930063core:FurnitureFittings2022-05-012023-02-2811930063core:OfficeEquipment2022-05-012023-02-2811930063core:NetGoodwill2022-05-012023-02-2811930063core:IntangibleAssetsOtherThanGoodwill2022-05-012023-02-2811930063dpl:GroupUndertakings2022-05-012023-02-2811930063dpl:ParticipatingInterests2022-05-012023-02-2811930063dpl:GroupUndertakingscore:ListedExchangeTraded2022-05-012023-02-2811930063core:ListedExchangeTraded2022-05-012023-02-2811930063dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-05-012023-02-2811930063core:UnlistedNon-exchangeTraded2022-05-012023-02-2811930063dpl:CostSales2021-05-012022-04-3011930063dpl:DistributionCosts2021-05-012022-04-3011930063dpl:AdministrativeExpenses2021-05-012022-04-3011930063core:LandBuildings2021-05-012022-04-3011930063core:PlantMachinery2021-05-012022-04-3011930063core:Vehicles2021-05-012022-04-3011930063core:FurnitureFittings2021-05-012022-04-3011930063core:OfficeEquipment2021-05-012022-04-3011930063core:NetGoodwill2021-05-012022-04-3011930063core:IntangibleAssetsOtherThanGoodwill2021-05-012022-04-3011930063dpl:GroupUndertakings2021-05-012022-04-3011930063dpl:ParticipatingInterests2021-05-012022-04-3011930063dpl:GroupUndertakingscore:ListedExchangeTraded2021-05-012022-04-3011930063core:ListedExchangeTraded2021-05-012022-04-3011930063dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-05-012022-04-3011930063core:UnlistedNon-exchangeTraded2021-05-012022-04-3011930063core:NetGoodwill2023-02-2811930063core:IntangibleAssetsOtherThanGoodwill2023-02-2811930063core:LandBuildings2023-02-2811930063core:PlantMachinery2023-02-2811930063core:Vehicles2023-02-2811930063core:FurnitureFittings2023-02-2811930063core:OfficeEquipment2023-02-2811930063core:AfterOneYear2023-02-2811930063core:WithinOneYear2023-02-2811930063core:ListedExchangeTraded2023-02-2811930063core:UnlistedNon-exchangeTraded2023-02-2811930063core:ShareCapital2023-02-2811930063core:SharePremium2023-02-2811930063core:RevaluationReserve2023-02-2811930063core:OtherReservesSubtotal2023-02-2811930063core:RetainedEarningsAccumulatedLosses2023-02-2811930063core:NetGoodwill2022-04-3011930063core:IntangibleAssetsOtherThanGoodwill2022-04-3011930063core:LandBuildings2022-04-3011930063core:PlantMachinery2022-04-3011930063core:Vehicles2022-04-3011930063core:FurnitureFittings2022-04-3011930063core:OfficeEquipment2022-04-3011930063core:AfterOneYear2022-04-3011930063core:WithinOneYear2022-04-3011930063core:ListedExchangeTraded2022-04-3011930063core:UnlistedNon-exchangeTraded2022-04-3011930063core:ShareCapital2022-04-3011930063core:SharePremium2022-04-3011930063core:RevaluationReserve2022-04-3011930063core:OtherReservesSubtotal2022-04-3011930063core:RetainedEarningsAccumulatedLosses2022-04-3011930063core:NetGoodwill2021-05-0111930063core:IntangibleAssetsOtherThanGoodwill2021-05-0111930063core:LandBuildings2021-05-0111930063core:PlantMachinery2021-05-0111930063core:Vehicles2021-05-0111930063core:FurnitureFittings2021-05-0111930063core:OfficeEquipment2021-05-0111930063core:AfterOneYear2021-05-0111930063core:WithinOneYear2021-05-0111930063core:ListedExchangeTraded2021-05-0111930063core:UnlistedNon-exchangeTraded2021-05-0111930063core:ShareCapital2021-05-0111930063core:SharePremium2021-05-0111930063core:RevaluationReserve2021-05-0111930063core:OtherReservesSubtotal2021-05-0111930063core:RetainedEarningsAccumulatedLosses2021-05-0111930063core:AfterOneYear2022-05-012023-02-2811930063core:WithinOneYear2022-05-012023-02-2811930063core:Non-currentFinancialInstrumentscore:CostValuation2022-05-012023-02-2811930063core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-05-012023-02-2811930063core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-05-012023-02-2811930063core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-05-012023-02-2811930063core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-05-012023-02-2811930063core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-05-012023-02-2811930063core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-05-012023-02-2811930063core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-05-012023-02-2811930063core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-05-012023-02-2811930063core:Non-currentFinancialInstrumentscore:CostValuation2023-02-2811930063core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-2811930063core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-2811930063core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-2811930063core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-2811930063core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-2811930063core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-2811930063core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-2811930063core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-2811930063core:Non-currentFinancialInstrumentscore:CostValuation2022-04-3011930063core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-3011930063core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-3011930063core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-3011930063core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-3011930063core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-3011930063core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-3011930063core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-3011930063core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-3011930063bus:Director12022-05-012023-02-2811930063bus:Director22022-05-012023-02-2811930063core:FurnitureFittingsToolsEquipment2022-04-3011930063core:FurnitureFittingsToolsEquipment2023-02-2811930063core:FurnitureFittingsToolsEquipment2022-05-012023-02-28

Culdrose Properties Ltd

Registered Number
11930063
(England and Wales)

Unaudited Financial Statements for the Period ended
28 February 2023

Culdrose Properties Ltd
Company Information
for the period from 1 May 2022 to 28 February 2023

Directors

CUNNINGHAM, Ian Robert
ENRIGHT, Michael John

Registered Address

34 Acreman Street
Sherborne
DT9 3NX

Registered Number

11930063 (England and Wales)
Culdrose Properties Ltd
Balance Sheet as at
28 February 2023

Notes

28 Feb 2023

30 Apr 2022

£

£

£

£

Fixed assets
Tangible assets554,04461,391
Investment property61,365,556721,862
1,419,600783,253
Current assets
Debtors71,2221,258
Cash at bank and on hand19,0843,683
20,3064,941
Creditors amounts falling due within one year8(11,896)(756,370)
Net current assets (liabilities)8,410(751,429)
Total assets less current liabilities1,428,01031,824
Net assets1,428,01031,824
Capital and reserves
Called up share capital22
Revaluation reserve643,694-
Profit and loss account784,31431,822
Shareholders' funds1,428,01031,824
The financial statements were approved and authorised for issue by the Board of Directors on 4 July 2023, and are signed on its behalf by:
ENRIGHT, Michael John
Director
Registered Company No. 11930063
Culdrose Properties Ltd
Notes to the Financial Statements
for the period ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings25
Investment property policy
Investment Properties 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.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year00
5.Property, plant and equipment

Plant & machinery

Fixtures & fittings

Total

£££
Cost or valuation
At 01 May 2269,44011,11580,555
At 28 February 2369,44011,11580,555
Depreciation and impairment
At 01 May 2215,1873,97719,164
Charge for year5,7871,5607,347
At 28 February 2320,9745,53726,511
Net book value
At 28 February 2348,4665,57854,044
At 30 April 2254,2537,13861,391
6.Investment property

£
Fair value at 01 May 22721,862
Fair value adjustments643,694
At 28 February 231,365,556
7.Debtors

2023

2022

££
Other debtors-305
Prepayments and accrued income1,222953
Total1,2221,258
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables5,026-
Amounts owed to related parties-750,538
Taxation and social security6,0771,491
Other creditors-3,545
Accrued liabilities and deferred income793796
Total11,896756,370
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.