Company Registration No. 10248029 (England and Wales)
C&DK Properties Limited
Unaudited accounts
for the year ended 30 November 2023
C&DK Properties Limited
Unaudited accounts
Contents
C&DK Properties Limited
Company Information
for the year ended 30 November 2023
Director
Craig Lee Knutton
Company Number
10248029 (England and Wales)
Registered Office
34 Whirlow Court Road
Sheffield
South Yorkshire
S11 9NT
United Kingdom
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
C&DK Properties Limited
Accountants' report
Accountants' report to the director of C&DK Properties Limited on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
C&DK Properties Limited for the year ended
30 November 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of C&DK Properties Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of C&DK Properties Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C&DK Properties Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that C&DK Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of C&DK Properties Limited. You consider that C&DK Properties Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of C&DK Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
22 July 2024
C&DK Properties Limited
Statement of financial position
as at 30 November 2023
Investment property
180,000
190,000
Cash at bank and in hand
2,235
11,923
Creditors: amounts falling due within one year
(62,614)
(60,214)
Net current assets
41,615
59,141
Total assets less current liabilities
221,615
249,141
Creditors: amounts falling due after more than one year
(261,259)
(260,485)
Net liabilities
(39,644)
(11,344)
Called up share capital
12
12
Revaluation reserve
85,065
95,065
Profit and loss account
(124,721)
(106,421)
Shareholders' funds
(39,644)
(11,344)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 August 2024 and were signed on its behalf by
Craig Lee Knutton
Director
Company Registration No. 10248029
C&DK Properties Limited
Notes to the Accounts
for the year ended 30 November 2023
C&DK Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 10248029. The registered office is 34 Whirlow Court Road, Sheffield, South Yorkshire, S11 9NT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Between 33% and 20% on cost
Investment property is included at market fair value. Gains are recognised in the income statement. These gains are unrealised and hence, not available for distribution. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
C&DK Properties Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Fixtures & fittings
At 30 November 2023
27,193
At 30 November 2023
27,193
Fair value at 1 December 2022
190,000
Net loss from fair value adjustments
(10,000)
At 30 November 2023
180,000
Amounts falling due after more than one year
Other debtors
101,994
107,432
7
Creditors: amounts falling due within one year
2023
2022
Loans from directors
62,464
59,872
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
137,863
138,987
Other creditors
123,396
121,498
Aggregate of amounts that fall due for payment after five years
134,675
134,675
In May 2020, the company received a Bounce Back Loan of £6,000, which is a 100% UK Government backed loan.
Under the terms of the loan, the fees and interest incurred in the first 12 months are settled on behalf of the company by the UK Government.
After the first 12 months, an interest rate of 2.5% is applicable. The initial length of the loan is for six years, with an option to extend to ten years under the Bounce Back Loan Scheme.
C&DK Properties Limited
Notes to the Accounts
for the year ended 30 November 2023
9
Transactions with related parties
Included in other creditors greater than a year is £123,396 (2022 - £121,499) owing to the Director's SSAS fund. Interest has been accrued at 1.5% per annum.
Included in debtors is £101,994 (2022 - £107,432) owed by NB & CD Joint Ventures Limited, a related company. Interest has been charged at 1.5% pa.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).