Ciel Investments Limited 13331515 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is investment properties Digita Accounts Production Advanced 6.30.9574.0 true true 13331515 2022-05-01 2023-04-30 13331515 2023-04-30 13331515 bus:OrdinaryShareClass1 2023-04-30 13331515 core:CurrentFinancialInstruments 2023-04-30 13331515 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 13331515 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 13331515 bus:SmallEntities 2022-05-01 2023-04-30 13331515 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 13331515 bus:AbridgedAccounts 2022-05-01 2023-04-30 13331515 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 13331515 bus:RegisteredOffice 2022-05-01 2023-04-30 13331515 bus:Director1 2022-05-01 2023-04-30 13331515 bus:Director2 2022-05-01 2023-04-30 13331515 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 13331515 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 13331515 bus:Agent1 2022-05-01 2023-04-30 13331515 countries:AllCountries 2022-05-01 2023-04-30 13331515 2021-04-13 2022-04-30 13331515 2022-04-30 13331515 bus:OrdinaryShareClass1 2022-04-30 13331515 core:CurrentFinancialInstruments 2022-04-30 13331515 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 13331515 core:Non-currentFinancialInstruments core:AfterOneYear 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13331515

Ciel Investments Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 April 2023

 

Ciel Investments Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Abridged Balance Sheet

4 to 5

Notes to the Unaudited Abridged Financial Statements

6 to 8

 

Ciel Investments Limited

Company Information

Directors

Dr Angus Prideaux Perry

Miss Raghda Farouk Majeed

Registered office

42B St. Catherines Road
Hayling Island
Hampshire
PO11 OHF

Accountants

Abtax CA Limited
Certified Accountant
The Joiners Shop The Historic Dockyard
Main Gate Road
Chatham
Kent
ME4 4TZ

 

Ciel Investments Limited

Directors' Report for the Year Ended 30 April 2023

The directors present their report and the abridged financial statements for the year ended 30 April 2023.

Directors of the company

The directors who held office during the year were as follows:

Dr Angus Prideaux Perry

Miss Raghda Farouk Majeed

Principal activity

The principal activity of the company is investment properties

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 15 November 2023 and signed on its behalf by:
 

.........................................
Dr Angus Prideaux Perry
Director

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Ciel Investments Limited
for the Year Ended 30 April 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ciel Investments Limited for the year ended 30 April 2023 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Ciel Investments Limited, as a body, in accordance with the terms of our engagement letter dated 13 April 2021. Our work has been undertaken solely to prepare for your approval the accounts of Ciel Investments Limited and state those matters that we have agreed to state to the Board of Directors of Ciel Investments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ciel Investments Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ciel Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ciel Investments Limited. You consider that Ciel Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Ciel Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Abtax CA Limited
Certified Accountant
The Joiners Shop The Historic Dockyard
Main Gate Road
Chatham
Kent
ME4 4TZ

15 November 2023

 

Ciel Investments Limited

(Registration number: 13331515)
Abridged Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

268,500

-

Current assets

 

Debtors

4

40,946

4,830

Cash at bank and in hand

 

1,311

39,792

 

42,257

44,622

Creditors: Amounts falling due within one year

(67,196)

(5,620)

Net current (liabilities)/assets

 

(24,939)

39,002

Total assets less current liabilities

 

243,561

39,002

Creditors: Amounts falling due after more than one year

(200,921)

-

Net assets

 

42,640

39,002

Capital and reserves

 

Called up share capital

5

100

100

Share premium reserve

40,000

40,000

Retained earnings

2,540

(1,098)

Shareholders' funds

 

42,640

39,002

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Ciel Investments Limited

(Registration number: 13331515)
Abridged Balance Sheet as at 30 April 2023

Approved and authorised by the Board on 15 November 2023 and signed on its behalf by:
 

.........................................

Dr Angus Prideaux Perry

Director

 

Ciel Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
42B St. Catherines Road
Hayling Island
Hampshire
PO11 OHF
United Kingdom

These financial statements were authorised for issue by the Board on 15 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Ciel Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2023

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Ciel Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2023

4

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100