Surf AccountsProduction v1.0.0 v1.0.0 2022-07-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The main activity of the company is the purchase of land and properties for rental. 17 October 2023 0 0 NI045730 2023-06-30 NI045730 2022-06-30 NI045730 2021-06-30 NI045730 2022-07-01 2023-06-30 NI045730 2021-07-01 2022-06-30 NI045730 uk-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 NI045730 uk-curr:PoundSterling 2022-07-01 2023-06-30 NI045730 uk-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 NI045730 uk-bus:FullAccounts 2022-07-01 2023-06-30 NI045730 uk-core:ShareCapital 2023-06-30 NI045730 uk-core:ShareCapital 2022-06-30 NI045730 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 NI045730 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 NI045730 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-06-30 NI045730 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-06-30 NI045730 uk-bus:FRS102 2022-07-01 2023-06-30 NI045730 uk-core:CostValuation 2023-06-30 NI045730 uk-core:WithinOneYear 2023-06-30 NI045730 uk-core:WithinOneYear 2022-06-30 NI045730 2022-07-01 2023-06-30 NI045730 uk-bus:Director1 2022-07-01 2023-06-30 NI045730 uk-bus:Director2 2022-07-01 2023-06-30 NI045730 uk-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
Company Registration Number: NI045730
 
 
Cinq Properties Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 June 2023
Cinq Properties Ltd
Company Registration Number: NI045730
BALANCE SHEET
as at 30 June 2023

2023 2022
Notes £ £
 
Fixed Assets
Investments 3 401,000 401,000
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Current Assets
Debtors 4 - 476
Cash and cash equivalents 46,086 31,475
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46,086 31,951
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Creditors: amounts falling due within one year 5 (244,117) (242,830)
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Net Current Liabilities (198,031) (210,879)
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Total Assets less Current Liabilities 202,969 190,121
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Capital and Reserves
Called up share capital 140,000 140,000
Retained earnings 62,969 50,121
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Equity attributable to owners of the company 202,969 190,121
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The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 17 October 2023 and signed on its behalf by
           
           
           
________________________________     ________________________________
Mr. Rory Gormley     Mr. William Robert Wallace
Director     Director
           



Cinq Properties Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 June 2023

   
1. General Information
 
Cinq Properties Ltd is a company limited by shares incorporated in Northern Ireland. 35 Main Street, Dromore, Co. Tyrone, BT78 3AE is the registered office, which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 June 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the year in which it is receivable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Investments
  Other Total
  investments  
     
Investments £ £
Cost or Valuation
 
At 30 June 2023 401,000 401,000
  ───────── ─────────
Net book value
At 30 June 2023 401,000 401,000
  ═════════ ═════════
At 30 June 2022 401,000 401,000
  ═════════ ═════════
       
4. Debtors 2023 2022
  £ £
 
Trade debtors - 476
  ═════════ ═════════
       
5. Creditors 2023 2022
Amounts falling due within one year £ £
 
Trade creditors - 837
Taxation  (Note 6) 3,421 2,178
Directors' current accounts 239,696 238,815
Accruals 1,000 1,000
  ───────── ─────────
  244,117 242,830
  ═════════ ═════════
       
6. Taxation 2023 2022
  £ £
 
Creditors:
VAT 369 191
Corporation tax 3,052 1,987
  ───────── ─────────
  3,421 2,178
  ═════════ ═════════
           
7. Related party transactions
 
At the start of the year Cinq Properties Limited owed the directors £238,815. During the year Cinq Properties borrowed a further £881 from the directors. At the year end the amount owed to the directors was £239,696 (2022: £238,815) and this is included in the creditors section of the balance sheet.

There were no other related party transactions during the year.