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REGISTERED NUMBER: 12949377 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

C & D PROPERTIES (MAIDSTONE) LIMITED

C & D PROPERTIES (MAIDSTONE) LIMITED (REGISTERED NUMBER: 12949377)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


C & D PROPERTIES (MAIDSTONE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: D C Carpenter
Mrs C R Carpenter





REGISTERED OFFICE: 16 Fisher Street
Maidstone
Kent
ME14 2SW





REGISTERED NUMBER: 12949377 (England and Wales)





ACCOUNTANTS: Skingle Helps & Co
28 Southway
Carshalton Beeches
Surrey
SM5 4HW

C & D PROPERTIES (MAIDSTONE) LIMITED (REGISTERED NUMBER: 12949377)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 400,000 383,289

CURRENT ASSETS
Cash at bank and in hand 2,810 1,917

CREDITORS
Amounts falling due within one year 5 153,678 152,831
NET CURRENT LIABILITIES (150,868 ) (150,914 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,132

232,375

CREDITORS
Amounts falling due after more than one
year

6

(233,939

)

(233,939

)

PROVISIONS FOR LIABILITIES 8 (3,200 ) -
NET ASSETS/(LIABILITIES) 11,993 (1,564 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 13,511 -
Retained earnings (1,520 ) (1,566 )
SHAREHOLDERS' FUNDS 11,993 (1,564 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 21 June 2024 and were signed on its behalf by:





D C Carpenter - Director


C & D PROPERTIES (MAIDSTONE) LIMITED (REGISTERED NUMBER: 12949377)

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


1. STATUTORY INFORMATION

C & D Properties (Maidstone) 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 represents rental income receivable during the period from the company's investment property.

Investment property
Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

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.

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

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.

Creditors
Short-term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

C & D PROPERTIES (MAIDSTONE) LIMITED (REGISTERED NUMBER: 12949377)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 383,289
Disposals 16,711
At 31 October 2023 400,000
NET BOOK VALUE
At 31 October 2023 400,000
At 31 October 2022 383,289

The directors have assessed the fair value of the company's investment property at the year end to be £400,000 (2022: £383,289). If the property was to be sold at this value, a tax liability of approximately £3,200 (2022: £Nil) would arise. The directors do not consider the cost of a professional valuation to be justified.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 6
Other creditors 153,678 152,825
153,678 152,831

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 233,939 233,939

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 233,939 233,939

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 233,939 233,939

The bank loan is secured on the company's investment property. A charge in favour of Landbay Partners Limited was created on 19 March 2021.

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,200 -

C & D PROPERTIES (MAIDSTONE) LIMITED (REGISTERED NUMBER: 12949377)

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


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during year 3,200
Balance at 31 October 2023 3,200

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. RELATED PARTY DISCLOSURES

At the year end, the company owed £152,045 to Birds Family Funeral Directors Limited, a company controlled by Mr D C Carpenter. The loan is interest free.