Registered number
12249678
C & S Real Estate Limited
Filleted Accounts
31 October 2023
C & S Real Estate Limited
Registered number: 12249678
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,470,000 1,470,000
Current assets
Debtors 4 183,006 177,387
Cash at bank and in hand 2,490 256
185,496 177,643
Creditors: amounts falling due within one year 5 (468,774) (472,886)
Net current liabilities (283,278) (295,243)
Total assets less current liabilities 1,186,722 1,174,757
Creditors: amounts falling due after more than one year 6 (1,015,698) (1,018,251)
Provisions for liabilities (54,814) (54,814)
Net assets 116,210 101,692
Capital and reserves
Called up share capital 100 100
Non distributable Profit and loss account 166,181 166,181
Profit and loss account (50,071) (64,589)
Shareholder's funds 116,210 101,692
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Boulis
Director
Approved by the board on 30 July 2024
C & S Real Estate Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investment properties
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2022 1,470,000
At 31 October 2023 1,470,000
Depreciation
At 31 October 2023 -
Net book value
At 31 October 2023 1,470,000
At 31 October 2022 1,470,000
Freehold land and buildings: 2023 2022
£ £
Historical cost 1,249,004 1,249,004
Cumulative depreciation based on historical cost - -
1,249,004 1,249,004
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 121,810 94,315
Other debtors 61,196 83,072
183,006 177,387
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,553 2,490
Amounts owed to group undertakings and undertakings in which the company has a participating interest 63,730 69,710
Taxation and social security costs 21 21
Other creditors 402,470 400,665
468,774 472,886
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 1,015,698 1,018,251
7 Loans 2023 2022
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 999,965 999,965
Instalments falling due for payment after more than five years 4,862 7,682
1,004,827 1,007,647
Secured bank loans 999,965 999,965
Bank loans are secured against companies investment property by way of fixed and floating charge.
8 Other information
C & S Real Estate Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Bridge Street
Walton on Thames
Surrey
KT12 1AE
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