IRIS Accounts Production v24.1.0.578 10819825 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108198252022-12-31108198252023-12-31108198252023-01-012023-12-31108198252021-12-31108198252022-01-012022-12-31108198252022-12-3110819825ns15:EnglandWales2023-01-012023-12-3110819825ns14:PoundSterling2023-01-012023-12-3110819825ns10:Director12023-01-012023-12-3110819825ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110819825ns10:SmallEntities2023-01-012023-12-3110819825ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3110819825ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110819825ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110819825ns10:FullAccounts2023-01-012023-12-3110819825ns10:Director22023-01-012023-12-3110819825ns10:RegisteredOffice2023-01-012023-12-3110819825ns5:CurrentFinancialInstruments2023-12-3110819825ns5:CurrentFinancialInstruments2022-12-3110819825ns5:Non-currentFinancialInstruments2023-12-3110819825ns5:Non-currentFinancialInstruments2022-12-3110819825ns5:ShareCapital2023-12-3110819825ns5:ShareCapital2022-12-3110819825ns5:FurtherSpecificReserve2ComponentTotalEquity2023-12-3110819825ns5:FurtherSpecificReserve2ComponentTotalEquity2022-12-3110819825ns5:RetainedEarningsAccumulatedLosses2023-12-3110819825ns5:RetainedEarningsAccumulatedLosses2022-12-3110819825ns5:PlantMachinery2023-01-012023-12-3110819825ns5:PlantMachinery2022-12-3110819825ns5:PlantMachinery2023-12-3110819825ns5:PlantMachinery2022-12-3110819825ns5:CostValuation2022-12-3110819825ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3110819825ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 10819825 (England and Wales)















Cedar Court (Petersfield) Ltd

Unaudited Financial Statements for the Year Ended 31 December 2023






Cedar Court (Petersfield) Ltd (Registered number: 10819825)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cedar Court (Petersfield) Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J E Allen
P J Noe





REGISTERED OFFICE: The White House
2 Meadrow
Godalming
Surrey
GU7 3HN





REGISTERED NUMBER: 10819825 (England and Wales)





ACCOUNTANTS: Hughes Waddell
The White House
2 Meadrow
Godalming
Surrey
GU7 3HN

Cedar Court (Petersfield) Ltd (Registered number: 10819825)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,810 13,648
Investments 5 1 1
Investment property 6 1,249,005 1,249,005
1,259,816 1,262,654

CURRENT ASSETS
Debtors 7 9,458 4,697
Cash at bank 1,323 10,893
10,781 15,590
CREDITORS
Amounts falling due within one year 8 365,770 367,300
NET CURRENT LIABILITIES (354,989 ) (351,710 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

904,827

910,944

CREDITORS
Amounts falling due after more than one
year

9

(523,119

)

(559,898

)

PROVISIONS FOR LIABILITIES (52,582 ) (44,917 )
NET ASSETS 329,126 306,129

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 240,553 248,218
Retained earnings 88,473 57,811
SHAREHOLDERS' FUNDS 329,126 306,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Cedar Court (Petersfield) Ltd (Registered number: 10819825)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by:





P J Noe - Director


Cedar Court (Petersfield) Ltd (Registered number: 10819825)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Cedar Court (Petersfield) Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about Cedar Court (Petersfield) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents the letting of commercial property net of value added tax.

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 cost and 10% on cost

Tangible fixed assets are initially measured at cost. Cost includes the purchase price and all directly attributable costs incurred in bringing the asset into use in the business.

Tangible fixed assets are subsequently measured at cost less any provision for impairment.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. The valuation is reviewed annually and any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. The cumulative amount of any revaluation less any related deferred tax is transferred to a separate non-distributable reserve.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


Cedar Court (Petersfield) Ltd (Registered number: 10819825)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 22,125
DEPRECIATION
At 1 January 2023 8,477
Charge for year 2,838
At 31 December 2023 11,315
NET BOOK VALUE
At 31 December 2023 10,810
At 31 December 2022 13,648

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

Cedar Court (Petersfield) Ltd (Registered number: 10819825)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,249,005
NET BOOK VALUE
At 31 December 2023 1,249,005
At 31 December 2022 1,249,005

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2020 223,135
Valuation in 2021 70,000
Cost 955,870
1,249,005

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 7,783 3,668
Other debtors 1,675 1,029
9,458 4,697

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 40,265 41,767
Trade creditors 4,361 635
Amounts owed to group undertakings 1 1
Taxation and social security 5,137 4,788
Other creditors 316,006 320,109
365,770 367,300

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 523,119 559,898

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 220,000 220,000

Cedar Court (Petersfield) Ltd (Registered number: 10819825)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loan 530,178 558,774

The bank loans are secured by way of a fixed and floating charge over all of the property of the company.

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

There are no other related party disclosures required.