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REGISTERED NUMBER: 12067613 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30 June 2023

for

C5 Property Ltd

C5 Property Ltd (Registered number: 12067613)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C5 Property Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mrs S L Claridge
Mr S P Claridge





REGISTERED OFFICE: St George's House
14 George Street
Huntingdon
Cambridgeshire
PE29 3GH





REGISTERED NUMBER: 12067613 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

C5 Property Ltd (Registered number: 12067613)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 627,001 575,151

CURRENT ASSETS
Debtors 4 146 146
Cash at bank 942 1,235
1,088 1,381
CREDITORS
Amounts falling due within one year 5 276,469 153,842
NET CURRENT LIABILITIES (275,381 ) (152,461 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

351,620

422,690

CREDITORS
Amounts falling due after more than one
year

6

(384,663

)

(469,980

)

PROVISIONS FOR LIABILITIES (7,148 ) (7,148 )
NET LIABILITIES (40,191 ) (54,438 )

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 85,839 33,839
Retained earnings (126,130 ) (88,377 )
(40,191 ) (54,438 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

C5 Property Ltd (Registered number: 12067613)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:





Mrs S L Claridge - Director


C5 Property Ltd (Registered number: 12067613)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2. EMPLOYEES AND DIRECTORS

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

C5 Property Ltd (Registered number: 12067613)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 July 2022 575,000 601 575,601
Revaluations 52,000 - 52,000
At 30 June 2023 627,000 601 627,601
DEPRECIATION
At 1 July 2022 - 450 450
Charge for year - 150 150
At 30 June 2023 - 600 600
NET BOOK VALUE
At 30 June 2023 627,000 1 627,001
At 30 June 2022 575,000 151 575,151

Cost or valuation at 30 June 2023 is represented by:

Land and
buildings
£   
Valuation in 2023 627,000

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 146 146

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 3,258
Other creditors 276,469 150,584
276,469 153,842

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 384,663 149,980
Other creditors - 320,000
384,663 469,980

C5 Property Ltd (Registered number: 12067613)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 384,663 149,980
384,663 149,980

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 384,663 149,980

8. RESERVES
Revaluation
reserve
£   
At 1 July 2022 33,839
Movement in period 52,000

At 30 June 2023 85,839

9. GOING CONCERN

Despite having net current liabilities of £275,381 the directors have formed a reasonable expectation that the company will remain within agreed facilities and continue in operational existence for the foreseeable future. Therefore, they continue to adopt the going concern basis of accounting in preparation of the annual financial statements.