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REGISTERED NUMBER: 12180828 (England and Wales)





















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Cuenca Properties Limited

Cuenca Properties Limited (Registered number: 12180828)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cuenca Properties Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Dr N M Patel
Dr J N Patel
Dr C N Sagar
Dr A Sagar





REGISTERED OFFICE: 30 Uxbridge Road
Hampton
TW12 3AD





REGISTERED NUMBER: 12180828 (England and Wales)






Cuenca Properties Limited (Registered number: 12180828)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,839 7,772
Investment property 5 765,000 765,000
771,839 772,772

CURRENT ASSETS
Debtors 6 166 504
Cash at bank 23,783 68,348
23,949 68,852
CREDITORS
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

CREDITORS
Amounts falling due after more than one
year

8

(739,461

)

(810,149

)

PROVISIONS FOR LIABILITIES 10 (14,326 ) (14,326 )
NET ASSETS 28,623 1,139

CAPITAL AND RESERVES
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.

Cuenca Properties Limited (Registered number: 12180828)

Balance Sheet - continued
31 August 2023


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 (Registered number: 12180828)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

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.

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 the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 September 2022 2,068 3,946 5,002 11,016
Additions - 260 - 260
At 31 August 2023 2,068 4,206 5,002 11,276
DEPRECIATION
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
NET BOOK VALUE
At 31 August 2023 2,068 2,368 2,403 6,839
At 31 August 2022 2,068 2,700 3,004 7,772

Cuenca Properties Limited (Registered number: 12180828)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 765,000
NET BOOK VALUE
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
Valuation in 2021 40,695
Valuation in 2022 29,000
765,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Rent control account - 290
Prepayments 166 214
166 504

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,047 10,047
Trade creditors 1 1
Directors' current accounts - 3,742
Accrued expenses 3,330 2,220
13,378 16,010

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
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
739,461 810,149

Cuenca Properties Limited (Registered number: 12180828)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.8.23 31.8.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage account 978/1 238,782 228,757

Repayable by instalments
Mortgage account 263/1 114,158 112,996

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 362,987 351,800

Bank loans are secured on the investment properties owned by the company.

10. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax
Deferred tax - investment 13,242 13,242
Deferred tax -fixed assets 1,084 1,084
14,326 14,326

Deferred
tax
£   
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
value: £    £   
15 A Ordinary Shares 1 15 15
15 B Ordinary Shares 1 15 15
70 C,D,E Ordinary Shares 1 70 70
100 100

Cuenca Properties Limited (Registered number: 12180828)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

11. CALLED UP SHARE CAPITAL - continued

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

12. RESERVES
Retained
earnings
£   

At 1 September 2022 1,039
Profit for the year 27,484
At 31 August 2023 28,523

13. ULTIMATE CONTROLLING PARTY

The Board of Directors are the controlling party.