0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,068 899 21 920 1,148 1,169 xbrli:pure xbrli:shares iso4217:GBP 01044963 2023-01-01 2023-12-31 01044963 2023-12-31 01044963 2022-12-31 01044963 2022-01-01 2022-12-31 01044963 2022-12-31 01044963 2021-12-31 01044963 bus:Director1 2023-01-01 2023-12-31 01044963 core:LandBuildings 2022-12-31 01044963 core:LandBuildings 2023-12-31 01044963 core:ShareCapital 2023-12-31 01044963 core:ShareCapital 2022-12-31 01044963 core:RetainedEarningsAccumulatedLosses 2023-12-31 01044963 core:RetainedEarningsAccumulatedLosses 2022-12-31 01044963 core:LandBuildings 2023-01-01 2023-12-31 01044963 core:LandBuildings 2022-12-31 01044963 bus:Director3 2023-01-01 2023-12-31 01044963 bus:SmallEntities 2023-01-01 2023-12-31 01044963 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01044963 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01044963 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01044963 bus:FullAccounts 2023-01-01 2023-12-31 01044963 core:LandBuildings core:LongLeaseholdAssets 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 01044963
Cedar Court Epping Limited
Filleted Unaudited Financial Statements
31 December 2023
Cedar Court Epping Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
1,148
1,169
Current assets
Debtors
5
423
402
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Net current assets
423
402
-------
-------
Total assets less current liabilities
1,571
1,571
-------
-------
Capital and reserves
Called up share capital
61
61
Profit and loss account
1,510
1,510
-------
-------
Shareholders funds
1,571
1,571
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 June 2024 , and are signed on behalf of the board by:
Ms C Dowse Director
Company registration number: 01044963
Cedar Court Epping Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Devonshire House, 582 Honeypot Lane, Stanmore, Middlesex, HA7 1JS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Apart from ground rent, the Company has no income and expenditure in its own right. All other transactions in the year relate to maintenance of the common parts in accordance with the lease. Income and expenditure arising from these transactions is shown in separate Service Charge Accounts for the property that do not form part of Annual Accounts of the company and are not filed at Companies House. All Service Charge monies received from the Residents of the property are held on Trust for the Residents.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Property
-
Straight line over the life of the lease - 99 years
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Tangible assets
Land and buildings
£
Cost
At 1 January 2023 and 31 December 2023
2,068
-------
Depreciation
At 1 January 2023
899
Charge for the year
21
-------
At 31 December 2023
920
-------
Carrying amount
At 31 December 2023
1,148
-------
At 31 December 2022
1,169
-------
5. Debtors
2023
2022
£
£
Other debtors
423
402
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