29CC Limited 14246663 false 2022-07-20 2023-03-31 2023-03-31 The principal activity of the company is property investments Digita Accounts Production Advanced 6.30.9574.0 true true 14246663 2022-07-20 2023-03-31 14246663 2023-03-31 14246663 bus:OrdinaryShareClass1 2023-03-31 14246663 core:CurrentFinancialInstruments 2023-03-31 14246663 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 14246663 bus:SmallEntities 2022-07-20 2023-03-31 14246663 bus:AuditExemptWithAccountantsReport 2022-07-20 2023-03-31 14246663 bus:FullAccounts 2022-07-20 2023-03-31 14246663 bus:SmallCompaniesRegimeForAccounts 2022-07-20 2023-03-31 14246663 bus:RegisteredOffice 2022-07-20 2023-03-31 14246663 bus:Director2 2022-07-20 2023-03-31 14246663 bus:OrdinaryShareClass1 2022-07-20 2023-03-31 14246663 bus:PrivateLimitedCompanyLtd 2022-07-20 2023-03-31 14246663 countries:AllCountries 2022-07-20 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14246663

29CC Limited

Unaudited Filleted Financial Statements

for the Period from 20 July 2022 to 31 March 2023

 

29CC Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

29CC Limited

Company Information

Director

Mr Haris Akhtar

Registered office

Unit 5
22-24 Leicester Road
Blaby
Leicester
Leicestershire
LE8 4GQ

 

29CC Limited

(Registration number: 14246663)
Balance Sheet as at 31 March 2023

Note

2023
£

Fixed assets

 

Investment property

4

980,000

Current assets

 

Debtors

5

255,797

Cash at bank and in hand

 

50,373

 

306,170

Creditors: Amounts falling due within one year

6

(1,022,185)

Net current liabilities

 

(716,015)

Total assets less current liabilities

 

263,985

Provisions for liabilities

(81,866)

Net assets

 

182,119

Capital and reserves

 

Called up share capital

7

100

Retained earnings

182,019

Shareholders' funds

 

182,119

For the financial period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 November 2023
 

 

29CC Limited

(Registration number: 14246663)
Balance Sheet as at 31 March 2023

.........................................
Mr Haris Akhtar
Director

 

29CC Limited

Notes to the Unaudited Financial Statements for the Period from 20 July 2022 to 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 5
22-24 Leicester Road
Blaby
Leicester
Leicestershire
LE8 4GQ
United Kingdom

These financial statements were authorised for issue by the director on 24 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

 

29CC Limited

Notes to the Unaudited Financial Statements for the Period from 20 July 2022 to 31 March 2023

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

29CC Limited

Notes to the Unaudited Financial Statements for the Period from 20 July 2022 to 31 March 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0.

4

Investment properties

2023
£

Additions

549,129

Fair value adjustments

430,871

At 31 March

980,000

The investment properties were valued on an open market basis by an independent valuer.

5

Debtors

Current

2023
£

Other debtors

255,797

 

29CC Limited

Notes to the Unaudited Financial Statements for the Period from 20 July 2022 to 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Loans and borrowings

8

686,000

Accruals and deferred income

 

27,278

Other creditors

 

308,907

 

1,022,185

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary of £1 each

100

100

     

8

Loans and borrowings

2023
£

Current loans and borrowings

Bank borrowings

686,000