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REGISTERED NUMBER: 08555996 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

C&P RESIDENTIAL LTD

C&P RESIDENTIAL LTD (REGISTERED NUMBER: 08555996)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C&P RESIDENTIAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: A Chisholm
P C Hennah





SECRETARY: A Chisholm





REGISTERED OFFICE: 62 Castle Street
Farnham
Surrey
GU9 7LN





REGISTERED NUMBER: 08555996 (England and Wales)





ACCOUNTANTS: Maxwell & Co
9 Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT

C&P RESIDENTIAL LTD (REGISTERED NUMBER: 08555996)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 800,000 1,098,098

CURRENT ASSETS
Debtors 5 149,102 59,770
Prepayments and accrued income - 3,145
Cash at bank 4,063 3,080
153,165 65,995
CREDITORS
Amounts falling due within one year 6 75,020 33,584
NET CURRENT ASSETS 78,145 32,411
TOTAL ASSETS LESS CURRENT
LIABILITIES

878,145

1,130,509

CREDITORS
Amounts falling due after more than one year 7 (700,030 ) (898,897 )

PROVISIONS FOR LIABILITIES 9 (46,236 ) (41,878 )
NET ASSETS 131,879 189,734

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 131,877 189,732
SHAREHOLDERS' FUNDS 131,879 189,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

C&P RESIDENTIAL LTD (REGISTERED NUMBER: 08555996)

BALANCE SHEET - continued
30 JUNE 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 2 August 2024 and were signed on its behalf by:





A Chisholm - Director


C&P RESIDENTIAL LTD (REGISTERED NUMBER: 08555996)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

C&P Residential 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.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

Debtors

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

Creditors

Short term creditors are measured at the transaction price.

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.

3. EMPLOYEES AND DIRECTORS

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

C&P RESIDENTIAL LTD (REGISTERED NUMBER: 08555996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 July 2022 1,098,098
Disposals (302,097 )
Revaluations 3,999
At 30 June 2023 800,000
NET BOOK VALUE
At 30 June 2023 800,000
At 30 June 2022 1,098,098

Cost or valuation at 30 June 2023 is represented by:
£   
Valuation in 2019 284,409
Valuation in 2023 (74,245 )
Cost 589,836
800,000

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Directors' current accounts 111,478 -
Tax 37,624 -
149,102 -

Amounts falling due after more than one year:
Other debtors - 59,770

Aggregate amounts 149,102 59,770

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1
Tax 70,854 24,242
Directors' current accounts - 2,731
Accrued expenses 4,166 6,610
75,020 33,584

C&P RESIDENTIAL LTD (REGISTERED NUMBER: 08555996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other loans - 2-5 years 700,030 898,897

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans - 2 - 5 years 700,030 898,897

The borrowing is secured by a debenture charging all of the assets of the Company in addition to a first charge over the freehold land owned by the Company.

The borrowing is on an interest only basis at normal commercial rates.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 46,236 41,878

Deferred
tax
£   
Balance at 1 July 2022 41,878
Provided during year 4,358
Balance at 30 June 2023 46,236

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the year end, a director owed the Company £111,478 (2022 - Nil).