0 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 1,829 1,591 60 1,651 178 238 xbrli:pure xbrli:shares iso4217:GBP 02241385 2022-04-01 2023-03-31 02241385 2023-03-31 02241385 2022-03-31 02241385 2022-03-31 02241385 core:FurnitureFittings 2022-04-01 2023-03-31 02241385 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 02241385 bus:Director2 2022-04-01 2023-03-31 02241385 core:WithinOneYear 2023-03-31 02241385 core:WithinOneYear 2022-03-31 02241385 core:FurnitureFittings 2022-03-31 02241385 core:FurnitureFittings 2023-03-31 02241385 core:AfterOneYear 2023-03-31 02241385 core:AfterOneYear 2022-03-31 02241385 core:ShareCapital 2023-03-31 02241385 core:ShareCapital 2022-03-31 02241385 core:RetainedEarningsAccumulatedLosses 2023-03-31 02241385 core:RetainedEarningsAccumulatedLosses 2022-03-31 02241385 core:FurnitureFittings 2022-03-31 02241385 bus:SmallEntities 2022-04-01 2023-03-31 02241385 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 02241385 bus:FullAccounts 2022-04-01 2023-03-31 02241385 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 02241385 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02241385 bus:OrdinaryShareClass1 2023-03-31 02241385 bus:OrdinaryShareClass1 2022-03-31
COMPANY REGISTRATION NUMBER: 02241385
CENTRAL & PROVINCIAL PROPERTIES LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2023
CENTRAL & PROVINCIAL PROPERTIES LTD
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
CENTRAL & PROVINCIAL PROPERTIES LTD
BALANCE SHEET
31 March 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
178
238
Current assets
Debtors
5
617,312
611,313
Cash at bank and in hand
28,329
99,019
------------
------------
645,641
710,332
Creditors: amounts falling due within one year
6
( 510,592)
( 602,763)
------------
------------
Net current assets
135,049
107,569
------------
------------
Total assets less current liabilities
135,227
107,807
Creditors: amounts falling due after more than one year
7
( 9,753)
( 13,933)
------------
------------
Net assets
125,474
93,874
------------
------------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
125,374
93,774
------------
------------
Shareholders funds
125,474
93,874
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 March 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 18 October 2023 , and are signed on behalf of the board by:
T W Archer
Director
Company registration number: 02241385
CENTRAL & PROVINCIAL PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, West Yorkshire, HD1 1PA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents net invoiced sales of services, excluding value added tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 April 2022 and 31 March 2023
1,829
1,829
------------
------------
Depreciation
At 1 April 2022
1,591
1,591
Charge for the year
60
60
------------
------------
At 31 March 2023
1,651
1,651
------------
------------
Carrying amount
At 31 March 2023
178
178
------------
------------
At 31 March 2022
238
238
------------
------------
5. Debtors
2023
2022
£
£
Trade debtors
6,000
Amounts owed by group undertakings
611,298
611,298
Prepayments and accrued income
14
15
------------
------------
617,312
611,313
------------
------------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
4,180
4,180
Amounts owed to group undertakings
490,159
585,160
Accruals and deferred income
5,000
2,500
Corporation tax
7,427
8,610
Social security and other taxes
3,826
2,313
------------
------------
510,592
602,763
------------
------------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
9,753
13,933
------------
------------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
9. Related party transactions
Included in debtors at note 6 is a loan of £611,298 (2022: £611,298) owed by a group company. The loan is unsecured, repayable on demand and currently interest free. Included in creditors at note 7 above is a loan from the parent company of £490,159 (2022: £585,160). The loan is unsecured, repayable on demand and currently interest free. Control of the company The company is a wholly-owned subsidiary of Central & Provincial Capital Limited, a company registered in Guernsey. This company is controlled by R A Archer.