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REGISTERED NUMBER: 06724313 (England and Wales)















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

CUBBERLEY ESTATES LIMITED

CUBBERLEY ESTATES LIMITED (REGISTERED NUMBER: 06724313)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CUBBERLEY ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: N L Grant
A L Grant





SECRETARY: N L Grant





REGISTERED OFFICE: 34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG





BUSINESS ADDRESS: Oldberrow Hall
Ullenhall Lane
Ullenhall
Henley in Arden
Warwickshire
B95 5PE





REGISTERED NUMBER: 06724313 (England and Wales)





AUDITORS: Crombies Accountants Limited
Chartered Accountants and Statutory Auditor
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

CUBBERLEY ESTATES LIMITED (REGISTERED NUMBER: 06724313)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 921 1,151
Investment property 5 935,000 935,000
935,921 936,151

CURRENT ASSETS
Debtors 6 - 47,335
Cash at bank 1,605 2,089
1,605 49,424
CREDITORS
Amounts falling due within one year 7 19,890 19,666
NET CURRENT (LIABILITIES)/ASSETS (18,285 ) 29,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

917,636

965,909

CREDITORS
Amounts falling due after more than one
year

8

(483,134

)

(483,134

)

PROVISIONS FOR LIABILITIES (28,700 ) (28,700 )
NET ASSETS 405,802 454,075

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 207,391 207,391
Retained earnings 198,311 246,584
405,802 454,075

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 Board of Directors and authorised for issue on 31 August 2023 and were signed on its behalf by:





N L Grant - Director


CUBBERLEY ESTATES LIMITED (REGISTERED NUMBER: 06724313)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Cubberley Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

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 - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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).

CUBBERLEY ESTATES LIMITED (REGISTERED NUMBER: 06724313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 12,246
DEPRECIATION
At 1 June 2022 11,095
Charge for year 230
At 31 May 2023 11,325
NET BOOK VALUE
At 31 May 2023 921
At 31 May 2022 1,151

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 935,000
NET BOOK VALUE
At 31 May 2023 935,000
At 31 May 2022 935,000

Investment properties were valued on an open market basis at 31 May 2019 by the director.

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2017 227,968
Valuation in 2019 (50,000 )
Valuation in 2020 (8,259 )
Valuation in 2021 60,000
Cost 705,291
935,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 35,989
Other debtors - 11,346
- 47,335

CUBBERLEY ESTATES LIMITED (REGISTERED NUMBER: 06724313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,699
Taxation and social security 9,277 8,584
Other creditors 10,613 9,383
19,890 19,666

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 483,134 483,134

Other creditors comprise loans which the parties have undertaken not to have repaid within twelve months of the balance sheet date.

9. RESERVES
Fair
value
reserve
£   
At 1 June 2022
and 31 May 2023 207,391

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Cattell FCA (Senior Statutory Auditor)
for and on behalf of Crombies Accountants Limited

11. ULTIMATE CONTROLLING PARTY

The controlling party is Swanston Holdings PLC.

Swanston Holdings PLC is controlled by Mr N Grant and Mrs P Grant.