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Company Registration No. 13737308 (England and Wales)
County Square Capital Ltd Unaudited accounts for the period from 11 November 2021 to 31 December 2022
County Square Capital Ltd Unaudited accounts Contents
Page
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County Square Capital Ltd Company Information for the period from 11 November 2021 to 31 December 2022
Director
Mr A Faig
Company Number
13737308 (England and Wales)
Registered Office
45 Stamford Hill London England N16 5SR
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County Square Capital Ltd Statement of financial position as at 31 December 2022
2022 
Notes
£ 
Fixed assets
Investment property
15,096,632 
Current assets
Debtors
1,097,047 
Cash at bank and in hand
38,530 
1,135,577 
Creditors: amounts falling due within one year
(6,890,848)
Net current liabilities
(5,755,271)
Total assets less current liabilities
9,341,361 
Creditors: amounts falling due after more than one year
(9,223,095)
Net assets
118,266 
Capital and reserves
Called up share capital
100 
Profit and loss account
118,166 
Shareholders' funds
118,266 
For the period ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 November 2023 and were signed on its behalf by
Mr A Faig Director Company Registration No. 13737308
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County Square Capital Ltd Notes to the Accounts for the period from 11 November 2021 to 31 December 2022
1
Statutory information
County Square Capital Ltd is a private company, limited by shares, registered in England and Wales, registration number 13737308. The registered office is 45 Stamford Hill, London, England, N16 5SR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Borrowing costs
Borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset form part of the cost of that asset. Other borrowing costs are recognised as an expense.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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County Square Capital Ltd Notes to the Accounts for the period from 11 November 2021 to 31 December 2022
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2022 
£ 
Additions
15,096,632 
At 31 December 2022
15,096,632 
The investment property at 31 December 2022 is stated at director's estimation of open market value.
5
Debtors
2022 
£ 
Amounts falling due within one year
Other debtors
1,097,047 
6
Creditors: amounts falling due within one year
2022 
£ 
Trade creditors
10,200 
Other creditors
6,880,648 
6,890,848 
7
Creditors: amounts falling due after more than one year
2022 
£ 
Bank loans
9,223,095 
The bank loan is secured on the company's investment property.
8
Share capital
2022 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
Shares issued during the period:
100 Ordinary shares of £1 each
100 
9
Average number of employees
During the period the average number of employees was 1.
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