REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023 |
FOR |
HIGH STREET COOKHAM LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023 |
FOR |
HIGH STREET COOKHAM LTD |
HIGH STREET COOKHAM LTD (REGISTERED NUMBER: 10429454) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
HIGH STREET COOKHAM LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Wellington House |
Aylesbury Road |
Princes Risborough |
Buckinghamshire |
HP27 0JP |
HIGH STREET COOKHAM LTD (REGISTERED NUMBER: 10429454) |
BALANCE SHEET |
28 FEBRUARY 2023 |
28.2.23 | 28.2.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
HIGH STREET COOKHAM LTD (REGISTERED NUMBER: 10429454) |
BALANCE SHEET - continued |
28 FEBRUARY 2023 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
HIGH STREET COOKHAM LTD (REGISTERED NUMBER: 10429454) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
1. | STATUTORY INFORMATION |
High Street Cookham Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Investment property |
The Investment Property is shown at its historical cost. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
HIGH STREET COOKHAM LTD (REGISTERED NUMBER: 10429454) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 March 2022 |
and 28 February 2023 |
NET BOOK VALUE |
At 28 February 2023 |
At 28 February 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.23 | 28.2.22 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.23 | 28.2.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.2.23 | 28.2.22 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Business bank loan | 162,716 | 180,813 |
Commercial mortgage | 472,108 | 525,927 |
634,824 | 706,740 |
The Business bank loan is repayable by instalments for a duration of 15 years, with a variable interest rate over the whole loan period, until October 2032. |
The Commercial Mortgage is repayable by instalments for a duration of 15 years, with a fixed interest rate until October 2022 and then a variable interest rate over the remaining period of the loan until October 2032. |
HIGH STREET COOKHAM LTD (REGISTERED NUMBER: 10429454) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
28.2.23 | 28.2.22 |
£ | £ |
Bank loans |
HSBC Bank PLC holds a Legal Mortgage over the property 58 High Street, Cookham, which is owned by High Street Cookham Limited. |
HSBC Bank PLC also holds a Debenture as security for debt by way of a fixed and floating charge over all assets of High Street Cookham Limited. |
9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
At 28th February 2023 High Street Cookham Ltd owed £97,939 (2022: £97,939) to Mr M Ahmed, the director of the company. The loan does not attract interest and is repayable on demand. |
10. | RELATED PARTY DISCLOSURES |
During the year ended 28th February 2023High Street Cookham Limited charged rents of £92,000 to Beta UK Limited, a company in which Mr M Ahmed is the controlling shareholder. The rents have been charged at commercial rates and all rents had been paid in full. |
At the balance sheet date High Street Cookham Limited owed £12,599 to Beta UK Limited. The loan does not attract interest and is repayable on demand. |
At the balance sheet date High Street Cookham Limited owed £159,540 to Hillmart Limited, a company in which Mr M Ahmed is the controlling shareholder. The loan does not attract interest and is repayable on demand. |
At the balance sheet date High Street Cookham Limited owed £9,000 to Maliks Express Limited, a company in which Mr M Ahmed is the controlling shareholder. The loan does not attract interest and is repayable on demand. |
At the balance sheet date High Street Cookham Limited owed £7,600 to Maliks Express Cookham Limited, a company in which Mr M Ahmed is the controlling shareholder. The loan does not attract interest and is repayable on demand. |
All the above are included in "other creditors". |
At the balance sheet date Maliks of Marlow Limited, a company in which Mr M Ahmed is the controlling shareholder, owed £5,000 to High Street Cookham Limited. The loan does not attract interest and is repayable on demand. |
The above are included in "other debtors". |