Registered number
07453631
C & S FINANCE LIMITED
Filleted Accounts
30 November 2023
C & S FINANCE LIMITED
Registered number: 07453631
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 275 367
Investments 4 1,280,120 873,007
1,280,395 873,374
Current assets
Debtors 5 32,302 100,299
Cash at bank and in hand 995 5,890
33,297 106,189
Creditors: amounts falling due within one year 6 (1,089,122) (679,610)
Net current liabilities (1,055,825) (573,421)
Total assets less current liabilities 224,570 299,953
Creditors: amounts falling due after more than one year 7 (450,439) (447,406)
Net liabilities (225,869) (147,453)
Capital and reserves
Called up share capital 100 100
Profit and loss account (225,969) (147,553)
Shareholders' funds (225,869) (147,453)
The director is 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 director acknowledges his 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 S Kazolides
Director
Approved by the board on 24 August 2024
C & S FINANCE LIMITED
Notes to the Accounts
for the year ended 30 November 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).

The accounts are prepared in Pound sterling, which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover represents rent receivable from investment properties accounted on accruals basis.
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 25% reducing balance
Investment property
Investment property, leasehold or freehold, is initially recorded at cost, which includes purchse price and directly attributable expenditure.

In accordance with FRS102, investment properties whose fair value can be measures reliably without undue cost or efforts are measured at fair value at each reporting date and any changes in fair value are recognised in profit and loss account.
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.
Going concern
As at the balance sheet date the company's current liabilities exceeded its current assets. The director, however, considers that the company has sufficient support from its creditors. The director has provided loans to the company and has confirmed that he will not recall the loan for repayment until the company is in position to do so. Therefore, the accounts are prepared on a going concern basis.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 December 2022 1,545
At 30 November 2023 1,545
Depreciation
At 1 December 2022 1,178
Charge for the year 92
At 30 November 2023 1,270
Net book value
At 30 November 2023 275
At 30 November 2022 367
4 Investment property
Other
investments
£
Cost
At 1 December 2022 873,007
Additions 407,113
At 30 November 2023 1,280,120
Investment properties have been valued by the director on an open market basis on 30 November 2023.
5 Debtors 2023 2022
£ £
Other debtors 32,302 100,299
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 39,200 39,735
Trade creditors - 1,913
Director's account 377,302 323
Other creditors 672,620 637,639
1,089,122 679,610
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 450,439 447,406
8 Loans 2023 2022
£ £
An analysis of the maturity of loans is given below:
Amounts falling due within one year:
Bank loans 39,200 39,735
Amounts falling due in more than one year:
Payable in 1-2 year 39,200 39,200
Payable in 2-5 year 411,239 408,206
450,439 447,406
Secured bank loans 489,639 486,606
The bank loans totalling £489,639 (2022: £486,606) are secured by first legal charge over the leasehold investment properties, personal guarantees have been provided by the director for the amount of £825,000 and further guarantees have been provided by a company related to the director.
9 Related party transactions
Included in other creditors is an amount owed to Polystep Limited in the sum of £671,852 (2022: £633,919). The loan is payable on demand. C&S Finance Limited and Polystep Limited are connected by virtue of a common director.
10 Other information
C & S FINANCE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
4 Porchester Terrace
London
W2 3TL
C & S FINANCE LIMITED 07453631 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 Mr S Kazolides No description of principal activity 07453631 2021-12-01 2022-11-30 07453631 core:WithinOneYear 2022-11-30 07453631 core:AfterOneYear 2022-11-30 07453631 core:ShareCapital 2022-11-30 07453631 core:RetainedEarningsAccumulatedLosses 2022-11-30 07453631 core:MoreThanFiveYears 2022-11-30 07453631 2022-12-01 2023-11-30 07453631 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07453631 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 07453631 bus:Director40 2022-12-01 2023-11-30 07453631 core:PlantMachinery 2022-12-01 2023-11-30 07453631 countries:England 2022-12-01 2023-11-30 07453631 bus:FRS102 2022-12-01 2023-11-30 07453631 bus:FilletedAccounts 2022-12-01 2023-11-30 07453631 2023-11-30 07453631 core:WithinOneYear 2023-11-30 07453631 core:AfterOneYear 2023-11-30 07453631 core:ShareCapital 2023-11-30 07453631 core:RetainedEarningsAccumulatedLosses 2023-11-30 07453631 core:PlantMachinery 2023-11-30 07453631 core:AdditionsToInvestments 2023-11-30 07453631 core:MoreThanFiveYears 2023-11-30 07453631 2022-11-30 07453631 core:PlantMachinery 2022-11-30 iso4217:GBP xbrli:pure