Registered number
11668621
18 Cabanel Place Limited
Filleted Accounts
31 December 2023
18 Cabanel Place Limited
Registered number: 11668621
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 883,736 884,654
Current assets
Debtors 5 34,164 34,164
Cash at bank and in hand 9,907 20,456
44,071 54,620
Creditors: amounts falling due within one year 6 (9,851) (15,744)
Net current assets 34,220 38,876
Total assets less current liabilities 917,956 923,530
Creditors: amounts falling due after more than one year 7 (922,947) (931,479)
Net liabilities (4,991) (7,949)
Capital and reserves
Called up share capital 2 2
Profit and loss account (4,993) (7,951)
Shareholders' funds (4,991) (7,949)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr D Squire
Director
Approved by the board on 14 August 2024
18 Cabanel Place Limited
Notes to the Accounts
for the year ended 31 December 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:
Fixtures, fittings, tools and equipment 15% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Going Concern
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. This assumption depends on the continued support from the director's of the company.

If the company was unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet value of the assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify the fixed assets as current assets.

The director's believe that it is appropriate for the financial statements to be prepared on the going concern basis.
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.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
4 Tangible fixed assets
Long leasehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 January 2023 878,531 10,279 888,810
At 31 December 2023 878,531 10,279 888,810
Depreciation
At 1 January 2023 - 4,156 4,156
Charge for the year - 918 918
At 31 December 2023 - 5,074 5,074
Net book value
At 31 December 2023 878,531 5,205 883,736
At 31 December 2022 878,531 6,123 884,654
5 Debtors 2023 2022
£ £
Other debtors 34,164 34,164
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,223 2,923
Director loan account 2,518 11,711
Other creditors 1,110 1,110
9,851 15,744
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 532,947 541,479
Directors loan account 390,000 390,000
922,947 931,479
8 Other information
18 Cabanel Place Limited is a private company limited by shares and incorporated in England. Its registered office is:
4-5 Russell Court
Palace Street
Plymouth
Devon
PL1 2AS
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