Company registration number 12630969 (England and Wales)
CCF INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
CCF INVESTMENTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
CCF INVESTMENTS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investment properties
3
622,730
Current assets
Debtors
4
1,176
Cash at bank and in hand
9,737
10,913
Creditors: amounts falling due within one year
5
(284,968)
30
Net current (liabilities)/assets
(274,055)
30
Total assets less current liabilities
348,675
30
Creditors: amounts falling due after more than one year
6
(359,669)
Net (liabilities)/assets
(10,994)
30
Capital and reserves
Called up share capital
30
30
Profit and loss reserves
(11,024)
Total equity
(10,994)
30
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
CCF INVESTMENTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 2 November 2023 and are signed on its behalf by:
Mrs F J Jagger
Director
Company Registration No. 12630969
CCF INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information
CCF Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O Azets Burnham Yard, London End, Beaconsfield, Bucks, HP9 2JH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include
investment properties at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future as the company is being supported by themselves.
1.3
Turnover
Turnover represents rents receivable for the year.
1.4
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
3
Investment property
2023
£
Fair value
At 1 April 2022
Additions
622,730
At 31 March 2023
622,730
CCF INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
1,176
5
Creditors: amounts falling due within one year
2023
2022
£
£
Deferred income
1,225
Other creditors
282,003
(30)
Accruals and deferred income
1,740
284,968
(30)
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
359,669
7
Secrured Debts
At 31 March 23 secured debts of £369,460 are included within other creditors.
A legal charge dated 24 June 2022 over a property in Kildare Gardens, London, was created for securing all monies due or to become due to Landbay Partners Limited.