IRIS Accounts Production v23.2.0.158 11215108 director 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure112151082022-03-31112151082023-03-31112151082022-04-012023-03-31112151082021-03-31112151082021-04-012022-03-31112151082022-03-3111215108ns16:EnglandWales2022-04-012023-03-3111215108ns15:PoundSterling2022-04-012023-03-3111215108ns11:Director12022-04-012023-03-3111215108ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3111215108ns11:SmallEntities2022-04-012023-03-3111215108ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3111215108ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3111215108ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3111215108ns11:FullAccounts2022-04-012023-03-3111215108ns11:RegisteredOffice2022-04-012023-03-3111215108ns6:CurrentFinancialInstruments2023-03-3111215108ns6:CurrentFinancialInstruments2022-03-3111215108ns6:Non-currentFinancialInstruments2023-03-3111215108ns6:Non-currentFinancialInstruments2022-03-3111215108ns6:ShareCapital2023-03-3111215108ns6:ShareCapital2022-03-3111215108ns6:RevaluationReserve2023-03-3111215108ns6:RevaluationReserve2022-03-3111215108ns6:RetainedEarningsAccumulatedLosses2023-03-3111215108ns6:RetainedEarningsAccumulatedLosses2022-03-3111215108ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-03-3111215108ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-03-3111215108ns6:RevaluationReserve2022-03-31
REGISTERED NUMBER: 11215108 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

CPC1 DEVELOPMENTS LIMITED

CPC1 DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11215108)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CPC1 DEVELOPMENTS LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S J Hadley





REGISTERED OFFICE: Archer Road
Millhouses
Sheffield
South Yorkshire
S8 0JX





REGISTERED NUMBER: 11215108 (England and Wales)





ACCOUNTANTS: S Burgess & Co Ltd
11 Slayleigh Avenue
Sheffield
South Yorkshire
S10 3RA

CPC1 DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11215108)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,085,000 1,085,000

CURRENT ASSETS
Debtors 5 2,221 -
Cash at bank and in hand 167 3,734
2,388 3,734
CREDITORS
Amounts falling due within one year 6 577,075 622,859
NET CURRENT LIABILITIES (574,687 ) (619,125 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

510,313

465,875

CREDITORS
Amounts falling due after more than one
year

7

425,627

435,600
NET ASSETS 84,686 30,275

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable reserve 8 485,000 485,000
Retained earnings (400,316 ) (454,727 )
84,686 30,275

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 director acknowledges his 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.

CPC1 DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11215108)

Balance Sheet - 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 director and authorised for issue on 11 August 2023 and were signed by:





S J Hadley - Director


CPC1 DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11215108)

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

1. STATUTORY INFORMATION

CPC1 Developments 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.

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 as modified by the revaluation of certain assets.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents rental income from the letting out of investment property, excluding value added tax. Rental income is recognised in accordance with the underlying leases to each investment property.

Investment property
Investment properties, for which fair value can be measured reliably without undue cost or effort, are measured at fair value at each reporting date, with changes in fair value recognised in the statement of comprehensive income.

Taxation
Taxation for the year comprises current 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 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.

Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income within administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment

Impairment
At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.

CPC1 DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11215108)

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

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,085,000
NET BOOK VALUE
At 31 March 2023 1,085,000
At 31 March 2022 1,085,000

The company's investment property was valued on a fair value basis by PM Shepherd Chartered Surveyor in January 2022. The director believes the valuation fairly reflects the market value of the investment property at the year end.

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 485,000
Cost 600,000
1,085,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,221 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 14,000 108,998
Amounts owed to group undertakings 471,187 475,608
Corporation tax 33,222 9,726
Other creditors 55,916 28,527
Accruals and deferred income 2,750 -
577,075 622,859

CPC1 DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11215108)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 425,627 435,600

8. RESERVES
Non-distributable
reserve
£   
At 1 April 2022
and 31 March 2023 485,000

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The company's parent company is CPC1 Holdings Limited, whose registered office is the same as can be found on page 1 of the financial statements.

The ultimate controlling party is S J Hadley.