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REGISTERED NUMBER: 06122833 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Cubitt Greystock Limited

Cubitt Greystock Limited (Registered number: 06122833)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Cubitt Greystock Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A S Green
S J Bellau





SECRETARY: Mrs J D Tobin-Green





REGISTERED OFFICE: 1st Floor
314 Regents Park Road
Finchley
London
N3 2LT





REGISTERED NUMBER: 06122833 (England and Wales)





ACCOUNTANTS: Wolfson Associates Limited
1st Floor
314 Regents Park Road
Finchley
London
N3 2LT

Cubitt Greystock Limited (Registered number: 06122833)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,487 3,444
Investments 5 55 55
4,542 3,499

CURRENT ASSETS
Debtors 6 1,234,450 1,223,525
Prepayments and accrued income 3,978 5,847
Cash at bank 20,319 42,948
1,258,747 1,272,320
CREDITORS
Amounts falling due within one year 7 234,565 240,979
NET CURRENT ASSETS 1,024,182 1,031,341
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,028,724

1,034,840

ACCRUALS AND DEFERRED INCOME 5,867 7,452
NET ASSETS 1,022,857 1,027,388

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 1,022,849 1,027,380
SHAREHOLDERS' FUNDS 1,022,857 1,027,388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Cubitt Greystock Limited (Registered number: 06122833)

Statement of Financial Position - continued
31 March 2023


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

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 19 September 2023 and were signed on its behalf by:




S J Bellau - Director



A S Green - Director


Cubitt Greystock Limited (Registered number: 06122833)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Cubitt Greystock Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Cubitt Greystock Limited (Registered number: 06122833)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 260 9,011 9,271
Additions 245 2,293 2,538
At 31 March 2023 505 11,304 11,809
DEPRECIATION
At 1 April 2022 240 5,587 5,827
Charge for year 66 1,429 1,495
At 31 March 2023 306 7,016 7,322
NET BOOK VALUE
At 31 March 2023 199 4,288 4,487
At 31 March 2022 20 3,424 3,444

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in joint
undertakings venture Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 4 51 55
NET BOOK VALUE
At 31 March 2023 4 51 55
At 31 March 2022 4 51 55

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Subsidiaries

Grange Hall 1837 Limited
Registered office:
Nature of business: Property Development
%
Class of shares: holding
Ordinary 100.00
16.12.22 31.3.22
£    £   
Aggregate capital and reserves 173 58,176
(Loss)/profit for the year (1,003 ) 38,118

Cubitt Greystock Limited (Registered number: 06122833)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. FIXED ASSET INVESTMENTS - continued

West Country (Holdings) Limited
Registered office:
Nature of business: Property Development
%
Class of shares: holding
Ordinary 100.00
31.3.23 31.3.22
£    £   
Aggregate capital and reserves 275,897 165,371
Profit for the year 250,526 16,966

Harcombe Cross Limited
Registered office:
Nature of business: Property Development
%
Class of shares: holding
Ordinary 100.00
31.3.23 31.3.22
£    £   
Aggregate capital and reserves 57,680 100,398
Profit for the year 17,282 135,218

Whitstone Properties Limited
Registered office:
Nature of business: Property Development
%
Class of shares: holding
Ordinary 100.00
31.3.23 31.3.22
£    £   
Aggregate capital and reserves 99,949 63,122
Profit for the year 36,827 46,521

Joint ventures

Aylesbury Space Limited
Registered office:
Nature of business: Development of building projects
%
Class of shares: holding
Ordinary 50.00
30.11.22 30.11.21
£    £   
Aggregate capital and reserves 173,816 138,653
Profit for the year 34,533 54,045

Ipplepen Nominee Limited
Registered office:
Nature of business: Property Development
%
Class of shares: holding
Ordinary 100.00

Cubitt Greystock Limited (Registered number: 06122833)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 3,698 3,600
Amounts owed by group undertakings 777,904 731,904
Amounts owed by joint ventures 386,284 382,668
Other debtors 66,564 105,353
1,234,450 1,223,525

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 773 7,734
Amounts owed to group undertakings 214,007 214,132
VAT 508 281
Directors' current accounts 19,277 18,832
234,565 240,979

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 21,025 8,017
Between one and five years 24,975 15,366
46,000 23,383

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
A S Green
Balance outstanding at start of year (9,406 ) (16,013 )
Amounts advanced - 15,526
Amounts repaid (256 ) (8,919 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,662 ) (9,406 )

S J Bellau
Balance outstanding at start of year (9,426 ) (14,002 )
Amounts advanced - 13,519
Amounts repaid (190 ) (8,943 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,616 ) (9,426 )

Cubitt Greystock Limited (Registered number: 06122833)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. ULTIMATE CONTROLLING PARTY

The controlling party of the company are the directors A S Green and S J Bellau by virtue of their 100% holding of the issued share capital.