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REGISTERED NUMBER: 04332524 (England and Wales)















County Properties 2002 Limited

Abridged Unaudited Financial Statements For The Year Ended 31 December 2023






County Properties 2002 Limited (Registered number: 04332524)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


County Properties 2002 Limited

Company Information
For The Year Ended 31 December 2023







DIRECTORS: A J Connolly
O Connolly



SECRETARY: A J Connolly



REGISTERED OFFICE: Shuna House
23 Lilly Hall Road
Maltby
Rotherham
South Yorkshire
S66 8AT



REGISTERED NUMBER: 04332524 (England and Wales)



ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU



BANKERS: Lloyds TSB Bank plc
P O Box 85
14 Church Street
Sheffield
South Yorkshire
S1 1HP

County Properties 2002 Limited (Registered number: 04332524)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136 175
Investment property 5 470,800 428,000
470,936 428,175

CURRENT ASSETS
Debtors 2,338 3,256
Cash at bank and in hand 67,296 83,136
69,634 86,392
CREDITORS
Amounts falling due within one year 7,325 12,658
NET CURRENT ASSETS 62,309 73,734
TOTAL ASSETS LESS CURRENT LIABILITIES 533,245 501,909

PROVISIONS FOR LIABILITIES 60,861 40,293
NET ASSETS 472,384 461,616

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 472,284 461,516
SHAREHOLDERS' FUNDS 472,384 461,616

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.

County Properties 2002 Limited (Registered number: 04332524)

Abridged Balance Sheet - 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 Balance Sheet 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by:





A J Connolly - Director


County Properties 2002 Limited (Registered number: 04332524)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

County Properties 2002 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention except for investment property as explained below.

Turnover
Turnover represents rental income, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on reducing balance

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 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 1 (2022 - 1 ) .

County Properties 2002 Limited (Registered number: 04332524)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 496
DEPRECIATION
At 1 January 2023 321
Charge for year 39
At 31 December 2023 360
NET BOOK VALUE
At 31 December 2023 136
At 31 December 2022 175

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 428,000
Revaluations 42,800
At 31 December 2023 470,800
NET BOOK VALUE
At 31 December 2023 470,800
At 31 December 2022 428,000

The historical cost of investment properties held at fair value on 31 December 2023 is £142,525 (2022: £142,525).

Investment property was valued on an open market basis on 31 December 2023 by the directors of the company.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100