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REGISTERED NUMBER: 13200755 (England and Wales)













ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

COURTENAYS PROPERTIES LTD

COURTENAYS PROPERTIES LTD (REGISTERED NUMBER: 13200755)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


COURTENAYS PROPERTIES LTD (REGISTERED NUMBER: 13200755)

ABRIDGED BALANCE SHEET
28TH FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,159 -

CURRENT ASSETS
Stocks - 452,591
Debtors 108 70,735
Cash at bank 108,660 44,654
108,768 567,980
CREDITORS
Amounts falling due within one year 34,300 591,372
NET CURRENT ASSETS/(LIABILITIES) 74,468 (23,392 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,627

(23,392

)

PROVISIONS FOR LIABILITIES 1,170 -
NET ASSETS/(LIABILITIES) 79,457 (23,392 )

CAPITAL AND RESERVES
Called up share capital 6 52 100
Capital redemption reserve 7 48 -
Retained earnings 7 79,357 (23,492 )
SHAREHOLDERS' FUNDS 79,457 (23,392 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

COURTENAYS PROPERTIES LTD (REGISTERED NUMBER: 13200755)

ABRIDGED BALANCE SHEET - continued
28TH FEBRUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28th February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th October 2023 and were signed on its behalf by:




N P Courtenay - Director



Mrs S E Courtenay - Director


COURTENAYS PROPERTIES LTD (REGISTERED NUMBER: 13200755)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

Courtenays Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13200755

Registered office: The Foundry
9 Park Lane
Puckeridge
Ware
Hertfordshire
SG11 1RL

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the gross sale value of property sold.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Stocks
Work in progress is stated at cost. If a build project is expected to make an overall loss account is made of this in the financial statements.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially as transaction value and subsequently measured at their settlement value. The company has no bank loans or other more complex financial instruments that require measurement at amortised cost using the effective interest method.


COURTENAYS PROPERTIES LTD (REGISTERED NUMBER: 13200755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 7,104
At 28th February 2023 7,104
DEPRECIATION
Charge for year 945
At 28th February 2023 945
NET BOOK VALUE
At 28th February 2023 6,159

COURTENAYS PROPERTIES LTD (REGISTERED NUMBER: 13200755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

5. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans - 203,500

The bank loan was secured by an unlimited debenture from the company, a personal guarantee from Mr N and Mrs S Courtenay for £295,000 plus interest and costs, and a first legal charge over the land held by the company.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 52 100

On 17th February 2023 the company purchased the 48 Ordinary £1 B Shares for £60,000. This leaves the 52 Ordinary £1 A Shares in issue.

7. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1st March 2022 (23,492 ) - (23,492 )
Profit for the year 162,849 162,849
Purchase of own shares (60,000 ) 48 (59,952 )
At 28th February 2023 79,357 48 79,405