Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-10-01falseRental of real estate22falsetrue 08690583 2022-10-01 2023-09-30 08690583 2021-10-01 2022-09-30 08690583 2023-09-30 08690583 2022-09-30 08690583 c:CompanySecretary1 2022-10-01 2023-09-30 08690583 c:Director1 2022-10-01 2023-09-30 08690583 c:Director2 2022-10-01 2023-09-30 08690583 c:RegisteredOffice 2022-10-01 2023-09-30 08690583 d:ComputerEquipment 2022-10-01 2023-09-30 08690583 d:ComputerEquipment 2023-09-30 08690583 d:ComputerEquipment 2022-09-30 08690583 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 08690583 d:FreeholdInvestmentProperty 2023-09-30 08690583 d:FreeholdInvestmentProperty 2022-09-30 08690583 d:CurrentFinancialInstruments 2023-09-30 08690583 d:CurrentFinancialInstruments 2022-09-30 08690583 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08690583 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 08690583 d:ShareCapital 2023-09-30 08690583 d:ShareCapital 2022-09-30 08690583 d:RevaluationReserve 2022-10-01 2023-09-30 08690583 d:RevaluationReserve 2023-09-30 08690583 d:RevaluationReserve 2022-09-30 08690583 d:RetainedEarningsAccumulatedLosses 2023-09-30 08690583 d:RetainedEarningsAccumulatedLosses 2022-09-30 08690583 c:FRS102 2022-10-01 2023-09-30 08690583 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 08690583 c:FullAccounts 2022-10-01 2023-09-30 08690583 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 08690583 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure
Registered number: 08690583














C3 PROPERTIES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
C3 PROPERTIES LIMITED
 
 
COMPANY INFORMATION


Directors
M Chaya 
P Chaya 




Company secretary
N Chaya



Registered number
08690583



Registered office
5 Elstree Gate
Elstree Way

Borehamwood

Hertfordshire

United Kingdom

WD6 1JD




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
C3 PROPERTIES LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 7


 
C3 PROPERTIES LIMITED
REGISTERED NUMBER:08690583

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
401
535

Investment property
 5 
4,150,000
4,150,000

  
4,150,401
4,150,535

Current assets
  

Debtors: amounts falling due within one year
 6 
4,226
6,839

Cash at bank and in hand
  
29,941
24,896

  
34,167
31,735

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(3,025,716)
(3,115,176)

Net current liabilities
  
 
 
(2,991,549)
 
 
(3,083,441)

Total assets less current liabilities
  
1,158,852
1,067,094

Provisions for liabilities
  

Deferred tax
  
(189,549)
(189,549)

  
 
 
(189,549)
 
 
(189,549)

Net assets
  
969,303
877,545


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
 8 
603,735
603,735

Profit and loss account
 8 
365,468
273,710

  
969,303
877,545


Page 1

 
C3 PROPERTIES LIMITED
REGISTERED NUMBER:08690583
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


P Chaya
Director

Date: 13 March 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
C3 PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

C3 Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, United Kingdom, WD6 1JD.
The principal activity of the company continued to be that of rental of real estate.
The company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover represents the fair value of rents received or receivable, net of value added tax. Rental income is recognised on a straight line basis over the term of the lease.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 
C3 PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Computer equipment
-
25%
on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
C3 PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2.


4.


Tangible fixed assets





Computer equipment

£



Cost 


At 1 October 2022
2,258



At 30 September 2023

2,258



Depreciation


At 1 October 2022
1,723


Charge for the year on owned assets
134



At 30 September 2023

1,857



Net book value



At 30 September 2023
401



At 30 September 2022
535

Page 5

 
C3 PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 October 2022
4,150,000



At 30 September 2023
4,150,000

Investment property was revalued on a fair value basis as at the year end by the directors, with no change in the fair value being required.




Page 6

 
C3 PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Debtors

2023
2022
£
£


Other debtors
1,188
1,463

Prepayments and accrued income
3,038
5,376

4,226
6,839



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
24,650
22,412

Other creditors
2,985,566
3,078,764

Accruals and deferred income
15,500
14,000

3,025,716
3,115,176



8.


Reserves

Revaluation reserve

The revaluation reserve is not distributable.


9.


Related party transactions

Included within other creditors are amounts totalling £2,983,076 (2022 - £3,076,274) owed to the directors.  These amounts are interest free and repayable on demand.

 
Page 7