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REGISTERED NUMBER: 05002814 (England and Wales)















Criterion Property Investments Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Criterion Property Investments Limited (Registered number: 05002814)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Criterion Property Investments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P J Moore
Ms L Moore
J P Moore



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 05002814 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Handlesbanken Bank Plc
3rd Floor, Upper Borough Court
Upper Borough Walls
Bath
BA1 1RG

Criterion Property Investments Limited (Registered number: 05002814)

Abridged Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 2,090,000 2,090,000

CURRENT ASSETS
Debtors 14,849 39,558
Cash at bank 26,441 34,081
41,290 73,639
CREDITORS
Amounts falling due within one year 935,463 894,603
NET CURRENT LIABILITIES (894,173 ) (820,964 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,195,827

1,269,036

CREDITORS
Amounts falling due after more than one year - (109,264 )

PROVISIONS FOR LIABILITIES (65,794 ) (50,004 )
NET ASSETS 1,130,033 1,109,768

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 6 453,381 469,171
Retained earnings 675,652 639,597
SHAREHOLDERS' FUNDS 1,130,033 1,109,768

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

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

Criterion Property Investments Limited (Registered number: 05002814)

Abridged Statement of Financial Position - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2024 and were signed on its behalf by:





P J Moore - Director


Criterion Property Investments Limited (Registered number: 05002814)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Criterion Property Investments 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Turnover
Turnover represents the net invoiced sales of services, excluding value added tax.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Criterion Property Investments Limited (Registered number: 05002814)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 2,090,000
NET BOOK VALUE
At 31 December 2023 2,090,000
At 31 December 2022 2,090,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 2,090,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 1,570,825 1,570,825

Investment properties were valued on a fair value basis on 31 December 2023 by the directors of the company .

6. RESERVES
Revaluation
reserve
£   
At 1 January 2023 469,171
Deferred tax provision (15,790 )

At 31 December 2023 453,381

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
J P Moore
Balance outstanding at start of year 10,250 10,250
Amounts repaid (24,000 ) (24,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,250 10,250