Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-3122022-06-01falseThe principal activity of the company is commercial investment property development and rental.2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12000613 2022-06-01 2023-05-31 12000613 2021-06-01 2022-05-31 12000613 2023-05-31 12000613 2022-05-31 12000613 2021-06-01 12000613 c:Director1 2022-06-01 2023-05-31 12000613 d:FreeholdInvestmentProperty 2022-06-01 2023-05-31 12000613 d:FreeholdInvestmentProperty 2023-05-31 12000613 d:FreeholdInvestmentProperty 2022-05-31 12000613 d:CurrentFinancialInstruments 2023-05-31 12000613 d:CurrentFinancialInstruments 2022-05-31 12000613 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12000613 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 12000613 d:ShareCapital 2023-05-31 12000613 d:ShareCapital 2021-06-01 2022-05-31 12000613 d:ShareCapital 2022-05-31 12000613 d:ShareCapital 2021-06-01 12000613 d:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 12000613 d:RetainedEarningsAccumulatedLosses 2023-05-31 12000613 d:RetainedEarningsAccumulatedLosses 2021-06-01 2022-05-31 12000613 d:RetainedEarningsAccumulatedLosses 2022-05-31 12000613 d:RetainedEarningsAccumulatedLosses 2021-06-01 12000613 c:FRS102 2022-06-01 2023-05-31 12000613 c:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 12000613 c:FullAccounts 2022-06-01 2023-05-31 12000613 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 12000613 6 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 12000613










CHURCH ROAD WARBOYS LIMITED








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 May 2023

 
CHURCH ROAD WARBOYS LIMITED
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Church Road Warboys Limited for the Year Ended 31 May 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Church Road Warboys Limited for the year ended 31 May 2023 which comprise  the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Church Road Warboys Limited, as a body, in accordance with the terms of our engagement letter dated 5 March 2021Our work has been undertaken solely to prepare for your approval the financial statements of Church Road Warboys Limited  and state those matters that we have agreed to state to the Board of Directors of Church Road Warboys Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Church Road Warboys Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Church Road Warboys Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Church Road Warboys Limited. You consider that Church Road Warboys Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Church Road Warboys Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
18 January 2024
Page 1

 
CHURCH ROAD WARBOYS LIMITED
Registered number: 12000613

Balance Sheet
As at 31 May 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
34,040
34,040

Investment property
 5 
605,210
554,981

  
639,250
589,021

Current assets
  

Debtors: amounts falling due within one year
 6 
12,131
579

Cash at bank and in hand
  
4,601
588

  
16,732
1,167

Creditors: amounts falling due within one year
 7 
(673,469)
(606,377)

Net current liabilities
  
 
 
(656,737)
 
 
(605,210)

Total assets less current liabilities
  
(17,487)
(16,189)

  

Net liabilities
  
(17,487)
(16,189)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(17,587)
(16,289)

  
(17,487)
(16,189)


Page 2

 
CHURCH ROAD WARBOYS LIMITED
Registered number: 12000613

Balance Sheet (continued)
As at 31 May 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: 




................................................
M E George
Director
Date: 16 January 2024

The notes on pages 5 to 7 form part of these financial statements.

Page 3

 
CHURCH ROAD WARBOYS LIMITED
 

Statement of Changes in Equity
For the Year Ended 31 May 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 June 2021
100
(3,520)
(3,420)


Comprehensive income for the year

Loss for the year
-
(12,769)
(12,769)


Total transactions with owners
-
-
-



At 1 June 2022
100
(16,289)
(16,189)


Comprehensive income for the year

Loss for the year
-
(1,298)
(1,298)


At 31 May 2023
100
(17,587)
(17,487)


The notes on pages 5 to 7 form part of these financial statements.

Page 4

 
CHURCH ROAD WARBOYS LIMITED
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2023

1.


General information

Church Road Warboys Limited is a private company, limited by share capital, incorporated in Engalnd and Wales. The address of the registered office is: Apollo House, Minerva Business Park, Lynch Wood, Peterborough, England, PE2 6QR.

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

Notwithstanding the net current liabilities of £624,737 (2022: £605,210), the accounts have been prepared on a going concern basis as the directors are of the opinion that the business has sufficient working capital to meet its forseeable requirements over the next 12 months. If the going concern basis were not appropriate, adjustments would have to be made to reduce assets to their recoverable amount, to provide for any further liabilities that might arise, and to reclassify fixed assets as current assets.

 
2.4

Revenue

Revenue is derived from rental income of the land and is recognised in the period in which the rent relates to. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Investment property

Investment property is carried at fair value 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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 5

 
CHURCH ROAD WARBOYS LIMITED
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2023

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

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.

 
2.10

Creditors

Short term creditors are measured at the transaction price.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 June 2022
34,040



At 31 May 2023
34,040




Page 6

 
CHURCH ROAD WARBOYS LIMITED
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 June 2022
554,981


Additions at cost
51,597


Disposals
(1,368)



At 31 May 2023
605,210

The 2023 valuations were made by the directors, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
605,210
554,981

605,210
554,981


6.


Debtors

2023
2022
£
£


Other debtors
11,552
-

Prepayments and accrued income
579
579

12,131
579



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
42,671
579

Amounts owed to other participating interests
179,252
179,252

Other creditors
447,852
422,852

Accruals and deferred income
3,694
3,694

673,469
606,377



Page 7