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REGISTERED NUMBER: 06695846 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Curport Properties Limited

Curport Properties Limited (Registered number: 06695846)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Curport Properties Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: H Curtis





REGISTERED OFFICE: Livers Farm
Preston Road
Hedon
Hull
East Yorkshire
HU12 8JU





REGISTERED NUMBER: 06695846 (England and Wales)





ACCOUNTANTS: WOODGATES
Chartered Accountants
25 Woodgates Lane
North Ferriby
East Yorkshire
HU14 3JR

Curport Properties Limited (Registered number: 06695846)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,700 5,400

CURRENT ASSETS
Stocks 1,506,280 1,506,280
Debtors 5 418,057 373,218
Cash at bank 115,195 55,261
2,039,532 1,934,759
CREDITORS
Amounts falling due within one year 6 185,775 126,713
NET CURRENT ASSETS 1,853,757 1,808,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,856,457

1,813,446

CREDITORS
Amounts falling due after more than one
year

7

565,139

563,750
NET ASSETS 1,291,318 1,249,696

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 9 127,696 127,696
Retained earnings 1,163,422 1,121,800
1,291,318 1,249,696

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

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

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.

Curport Properties Limited (Registered number: 06695846)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 January 2024 and were signed by:





H Curtis - Director


Curport Properties Limited (Registered number: 06695846)

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

1. STATUTORY INFORMATION

Curport Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

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

Turnover represents rents receivable and sales of properties held as stock.

Rents receivable are recognised for the period to which they relate.

Property sales are recognised on legal completion.

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

Stocks
Properties held for resale and redevelopment are held as stock and are valued at the lower of cost and net realisable value.

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.


Curport Properties Limited (Registered number: 06695846)

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

2. ACCOUNTING POLICIES - continued
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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 10,800
DEPRECIATION
At 1 October 2022 5,400
Charge for year 2,700
At 30 September 2023 8,100
NET BOOK VALUE
At 30 September 2023 2,700
At 30 September 2022 5,400

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 29,521 29,651
Other debtors 388,536 343,567
418,057 373,218

Curport Properties Limited (Registered number: 06695846)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 48,611 45,833
Trade creditors 60,000 2,433
Taxation and social security 62,875 66,388
Other creditors 14,289 12,059
185,775 126,713

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans 565,139 563,750

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 613,750 609,583

The bank loans and other loans are secured by legal charges over the assets of the Company.

9. RESERVES
Fair
value
reserve
£   
At 1 October 2022
and 30 September 2023 127,696

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
H Curtis
Balance outstanding at start of year 118,351 56,048
Amounts advanced 17,972 62,303
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 136,323 118,351

Curport Properties Limited (Registered number: 06695846)

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Interest was charged on the overdrawn directors loan balance at HMRC's official rate.

11. RELATED PARTY DISCLOSURES

At 30 September 2023 £7,000 (2022 - £7,000) was owed from Trackside Business Parks Limited (a Company under the Control of H Curtis). The loan is interest free and repayable on demand.

At 30 September 2023 £205,000 (2022 - £200,000) was owed from Heathvine Properties Limited (a Company under the Control of H Curtis). The loan is interest free and repayable on demand.