Coniston Properties Ltd 10182411 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is 68209 Digita Accounts Production Advanced 6.30.9574.0 true true 10182411 2022-06-01 2023-05-31 10182411 2023-05-31 10182411 core:RetainedEarningsAccumulatedLosses 2023-05-31 10182411 core:RevaluationReserve 2023-05-31 10182411 core:ShareCapital 2023-05-31 10182411 core:CurrentFinancialInstruments 2023-05-31 10182411 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 10182411 core:Non-currentFinancialInstruments 2023-05-31 10182411 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 10182411 core:FurnitureFittingsToolsEquipment 2023-05-31 10182411 bus:SmallEntities 2022-06-01 2023-05-31 10182411 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 10182411 bus:FullAccounts 2022-06-01 2023-05-31 10182411 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 10182411 bus:RegisteredOffice 2022-06-01 2023-05-31 10182411 bus:Director1 2022-06-01 2023-05-31 10182411 bus:Director2 2022-06-01 2023-05-31 10182411 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 10182411 countries:England 2022-06-01 2023-05-31 10182411 2022-05-31 10182411 core:FurnitureFittingsToolsEquipment 2022-05-31 10182411 2021-06-01 2022-05-31 10182411 2022-05-31 10182411 core:RetainedEarningsAccumulatedLosses 2022-05-31 10182411 core:RevaluationReserve 2022-05-31 10182411 core:ShareCapital 2022-05-31 10182411 core:CurrentFinancialInstruments 2022-05-31 10182411 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 10182411 core:Non-currentFinancialInstruments 2022-05-31 10182411 core:Non-currentFinancialInstruments core:AfterOneYear 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 10182411

Coniston Properties Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2023

 

Coniston Properties Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Coniston Properties Ltd

Company Information

Directors

Mr James William Wilson

Mrs Aruma Wilson

Registered office

36 Cator Road
Sydenham
London
SE26 5DS

Accountants

RiverView Portfolio Limited
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Coniston Properties Ltd

(Registration number: 10182411)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

5

575,000

575,000

Current assets

 

Debtors

6

6,940

29,952

Cash at bank and in hand

 

3,510

5,208

 

10,450

35,160

Creditors: Amounts falling due within one year

7

(4,245)

(3,725)

Net current assets

 

6,205

31,435

Total assets less current liabilities

 

581,205

606,435

Creditors: Amounts falling due after more than one year

7

(622,243)

(627,114)

Net liabilities

 

(41,038)

(20,679)

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

(6,221)

(6,221)

Retained earnings

(34,917)

(14,558)

Shareholders' deficit

 

(41,038)

(20,679)

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

Directors' responsibilities:

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

The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 February 2024 and signed on its behalf by:
 

.........................................
Mr James William Wilson
Director

 

Coniston Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

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

The address of its registered office is:
36 Cator Road
Sydenham
London
SE26 5DS
United Kingdom

These financial statements were authorised for issue by the Board on 20 February 2024.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors 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.

 

Coniston Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023 (continued)

2

Accounting policies (continued)

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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Coniston Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023 (continued)

4

tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2022

1,370

1,370

At 31 May 2023

1,370

1,370

Depreciation

At 1 June 2022

1,370

1,370

At 31 May 2023

1,370

1,370

Carrying amount

At 31 May 2023

-

-

5

Investment properties

2023
£

At 1 June

575,000

At 31 May

575,000

The fair value of the property at 31st May 2023 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation of £575,000 was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated.

6

debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

6,593

4,531

Prepayments

 

347

421

Other debtors

 

-

25,000

   

6,940

29,952

 

Coniston Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023 (continued)

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

360

-

Accruals and deferred income

3,883

3,724

Other creditors

2

1

4,245

3,725

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

622,243

627,114

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

622,243

627,114