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REGISTERED NUMBER: 09357304 (England and Wales)












Financial Statements

for the Year Ended 31 March 2024

for

CPC Property Limited

CPC Property Limited (Registered number: 09357304)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CPC Property Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs J Griggs





REGISTERED OFFICE: 4 Chandlers House
Hampton Mews
191-195 Sparrows Herne
Bushey
Hertfordshire
WD23 1FL





REGISTERED NUMBER: 09357304 (England and Wales)





ACCOUNTANTS: Altway Business Services Limited
44 Links Way
Croxley Green
Rickmansworth
Hertfordshire
WD3 3RQ

CPC Property Limited (Registered number: 09357304)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,214,066 753,541

CURRENT ASSETS
Cash at bank 10,871 88,699

CREDITORS
Amounts falling due within one year 5 2,249,646 765,251
NET CURRENT LIABILITIES (2,238,775 ) (676,552 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,709

)

76,989

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (24,809 ) 76,889
SHAREHOLDERS' FUNDS (24,709 ) 76,989

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 5 August 2024 and were signed by:





Mrs J Griggs - Director


CPC Property Limited (Registered number: 09357304)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

CPC Property 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 2 (2023 - NIL ) .

CPC Property Limited (Registered number: 09357304)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2023 753,541
Additions 1,460,525
At 31 March 2024 2,214,066
NET BOOK VALUE
At 31 March 2024 2,214,066
At 31 March 2023 753,541

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 1,347,527 437,046
Amounts owed to group undertakings 900,464 329,956
Taxation and social security 455 (2,651 )
Other creditors 1,200 900
2,249,646 765,251

6. RELATED PARTY DISCLOSURES

During the year the company operated a loan account with Commercial Processing Centre Limited. At the end of the year the company owed £900,464 (2023:329,956) to Commercial Processing Centre Limited. The company is under common control with Commercial Processing Center Limited. This loan is interest free and repayable on demand.

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J Griggs.