Company registration number 05059834 (England and Wales)
CORPORATE OCCUPIER REAL ESTATE CONSULTING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
CORPORATE OCCUPIER REAL ESTATE CONSULTING LIMITED
COMPANY INFORMATION
Directors
H Cooke
G E Cooke
Secretary
G E Cooke
Company number
05059834
Registered office
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
Accountants
Evelyn Partners (Thames Valley) Limited
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
CORPORATE OCCUPIER REAL ESTATE CONSULTING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CORPORATE OCCUPIER REAL ESTATE CONSULTING LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,640
5,855
Current assets
Debtors
5
3,943
19,961
Investments
6
130,103
130,041
Cash at bank and in hand
52,195
102,733
186,241
252,735
Creditors: amounts falling due within one year
7
(167,354)
(236,860)
Net current assets
18,887
15,875
Net assets
25,527
21,730
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
25,427
21,630
Total equity
25,527
21,730
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 26 June 2024 and are signed on its behalf by:
H Cooke
Director
Company registration number 05059834 (England and Wales)
CORPORATE OCCUPIER REAL ESTATE CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Corporate Occupier Real Estate Consulting Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Wycombe End, Beaconsfield, Buckinghamshire, HP9 1NB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is measured at the fair value of the consideration received or receivable for the rendering of services in the normal course of business, and is shown net of discounts and VAT.
Revenue arises from the provision of property consulting services.
Revenue is recognised proportionally over the performance of the service contract, by reference to the stage of completion of the transaction at the end of the reporting period.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ”Basic financial Instruments” to its financial instruments.
Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.
Basic financial liabilities
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.
CORPORATE OCCUPIER REAL ESTATE CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2 (2023 - 2).
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 April 2023
27,688
Additions
2,999
At 31 March 2024
30,687
Depreciation and impairment
At 1 April 2023
21,833
Depreciation charged in the year
2,214
At 31 March 2024
24,047
Carrying amount
At 31 March 2024
6,640
At 31 March 2023
5,855
4
Financial instruments
2024
2023
£
£
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
130,103
130,041
CORPORATE OCCUPIER REAL ESTATE CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
4
Financial instruments
(Continued)
- 4 -
Other financial assets consist of life assurance investment bonds. These bonds are invested in funds consisting of equities and securities of listed or similar entities. As such, the value of the bonds are readily available by reference to the value of the underlying investments, for which an active marketplace exists.
During the year, the fair value of these financial assets increased by £62 (2023 - £3,147) and this was reflected in the profit and loss account.
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
16,255
Other debtors
3,943
3,706
3,943
19,961
6
Current asset investments
2024
2023
£
£
Other investments
130,103
130,041
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
118
353
Taxation and social security
14,247
39,959
Other creditors
152,989
196,548
167,354
236,860
8
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
9
Related party transactions
The company has taken advantage of the exemption allowed under Section 33.1A of FRS 102 not to disclose transactions with other wholly owned members of the group.