PTP Accounts Production
v24.1.0.578
12180828
Board of Directors
Board of Directors
Board of Directors
Board of Directors
1.9.22
31.8.23
31.8.23
false
true
false
false
true
false
Fair value model
A Ordinary Shares
1.00000
B Ordinary Shares
1.00000
C,D,E Ordinary Shares
1.00000
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REGISTERED NUMBER: 12180828 (England and Wales) |
Unaudited Financial Statements for the Year Ended 31 August 2023 |
Cuenca Properties Limited |
Notes to the Financial Statements |
4 |
|
|
REGISTERED OFFICE: |
30 Uxbridge Road |
|
REGISTERED NUMBER: |
12180828 (England and Wales) |
Tangible assets |
4 |
6,839 |
|
7,772 |
|
|
Investment property |
5 |
765,000 |
|
765,000 |
|
|
Cash at bank |
23,783 |
|
68,348 |
|
|
Amounts falling due within one year |
7 |
13,378 |
|
16,010 |
|
|
NET CURRENT ASSETS |
10,571 |
|
52,842 |
|
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
782,410 |
|
825,614 |
|
|
Amounts falling due after more than one year |
8 |
(739,461 |
) |
(810,149 |
) |
|
PROVISIONS FOR LIABILITIES |
10 |
(14,326 |
) |
(14,326 |
) |
|
Called up share capital |
11 |
100 |
|
100 |
|
|
Retained earnings |
12 |
28,523 |
|
1,039 |
|
|
SHAREHOLDERS' FUNDS |
28,623 |
|
1,139 |
|
|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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 22 August 2024 and were signed on its behalf by: |
Dr J N Patel - Director |
Dr N M Patel - Director |
Dr A Sagar - Director |
Dr C N Sagar - Director |
|
Cuenca Properties 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. |
|
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 the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
|
Plant and machinery etc |
- |
20% on reducing balance |
| 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. |
3. |
EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was 4 (2022 - 4 ) . |
|
property |
|
machinery |
|
fittings |
|
Totals |
|
At 1 September 2022 |
2,068 |
|
3,946 |
|
5,002 |
|
11,016 |
|
|
|
At 31 August 2023 |
2,068 |
|
4,206 |
|
5,002 |
|
11,276 |
|
|
|
At 1 September 2022 |
- |
|
1,246 |
|
1,998 |
|
3,244 |
|
|
|
Charge for year |
- |
|
592 |
|
601 |
|
1,193 |
|
|
|
At 31 August 2023 |
- |
|
1,838 |
|
2,599 |
|
4,437 |
|
|
|
At 31 August 2023 |
2,068 |
|
2,368 |
|
2,403 |
|
6,839 |
|
|
|
At 31 August 2022 |
2,068 |
|
2,700 |
|
3,004 |
|
7,772 |
|
|
|
and 31 August 2023 |
765,000 |
|
|
|
At 31 August 2023 |
765,000 |
|
|
|
At 31 August 2022 |
765,000 |
|
|
| Investment property comprises of two residential properties. The fair values of the investment properties has been arrived at on the basis of valuations carried out on 31 August 2023 by the Directors. The valuations were made on an open market values basis by reference to market evidence of similar properties transaction prices. |
|
Fair value at 31 August 2023 is represented by: |
|
Valuation in 2020 |
695,305 |
|
|
6. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Rent control account |
- |
|
290 |
|
|
7. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Bank loans and overdrafts |
10,047 |
|
10,047 |
|
|
|
Directors' current accounts |
- |
|
3,742 |
|
|
|
Accrued expenses |
3,330 |
|
2,220 |
|
|
8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
|
|
Mortgage account 263/1 |
114,158 |
|
112,996 |
|
|
|
Mortgage account 978/1 |
238,782 |
|
228,757 |
|
|
|
D Loan - Dr NM & JN Patel |
264,754 |
|
264,754 |
|
|
|
D Loan - Dr A Sagar |
69,711 |
|
105,648 |
|
|
|
D Loan - Dr C Sagar |
52,056 |
|
97,994 |
|
|
|
Amounts falling due in more than five years: |
|
Repayable otherwise than by instalments |
|
Mortgage account 978/1 |
238,782 |
|
228,757 |
|
|
|
Mortgage account 263/1 |
114,158 |
|
112,996 |
|
|
|
The following secured debts are included within creditors: |
|
Bank loans |
362,987 |
|
351,800 |
|
|
|
Bank loans are secured on the investment properties owned by the company. |
10. |
PROVISIONS FOR LIABILITIES |
|
Deferred tax - investment |
13,242 |
|
13,242 |
|
|
|
Deferred tax -fixed assets |
1,084 |
|
1,084 |
|
|
|
Balance at 1 September 2022 |
14,326 |
|
|
|
Balance at 31 August 2023 |
14,326 |
|
|
11. |
CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
|
Number: |
Class: |
Nominal |
31.8.23 |
|
31.8.22 |
|
15 |
A Ordinary Shares |
1 |
15 |
|
15 |
|
|
|
15 |
B Ordinary Shares |
1 |
15 |
|
15 |
|
|
|
70 |
C,D,E Ordinary Shares |
1 |
70 |
|
70 |
|
|
| The company shares are held by the following shareholders as from 12 May 2021: |
| Anil Sagar 15 A ordinary shares |
| Chandni Narendra Sagar 15 B ordinary shares |
| Narendra Manibhai Patel 15D and 10E ordinary shares |
| Jayshree Narendra Patel 15D and 10E ordinary shares |
| The Sagar Discretinary Settlement 2021 20C |
|
At 1 September 2022 |
1,039 |
|
|
|
Profit for the year |
27,484 |
|
|
13. |
ULTIMATE CONTROLLING PARTY |
|
The Board of Directors are the controlling party. |