Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activity02022-12-01false0falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11696530 2022-12-01 2023-11-30 11696530 2021-12-01 2022-11-30 11696530 2023-11-30 11696530 2022-11-30 11696530 c:Director1 2022-12-01 2023-11-30 11696530 c:Director2 2022-12-01 2023-11-30 11696530 d:Buildings d:LongLeaseholdAssets 2023-11-30 11696530 d:Buildings d:LongLeaseholdAssets 2022-11-30 11696530 d:CurrentFinancialInstruments 2023-11-30 11696530 d:CurrentFinancialInstruments 2022-11-30 11696530 d:Non-currentFinancialInstruments 2023-11-30 11696530 d:Non-currentFinancialInstruments 2022-11-30 11696530 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11696530 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 11696530 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 11696530 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 11696530 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 11696530 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 11696530 d:ShareCapital 2023-11-30 11696530 d:ShareCapital 2022-11-30 11696530 d:RetainedEarningsAccumulatedLosses 2023-11-30 11696530 d:RetainedEarningsAccumulatedLosses 2022-11-30 11696530 c:FRS102 2022-12-01 2023-11-30 11696530 c:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 11696530 c:FullAccounts 2022-12-01 2023-11-30 11696530 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11696530 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Company registration number: 11696530











C&P PROPERTIES INVESTMENT LIMITED
Unaudited
Financial statements
Information for filing with the registrar
For the Year Ended 30 November 2023

















Coveney Nicholls Limited
Chartered Accountants
The Old Wheel House
31/37 Church Street
Reigate
Surrey
UK
RH2 0AD

 
C&P PROPERTIES INVESTMENT LIMITED
 
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of C&P Properties Investment Limited 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 financial statements of C&P Properties Investment Limited for the year ended 30 November 2023 which comprise  the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

It is your duty to ensure that C&P Properties Investment Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of C&P Properties Investment Limited. You consider that C&P Properties Investment Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of C&P Properties Investment 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 financial statements.

  



Coveney Nicholls Limited
 
31-37 Church Street
Reigate
Surrey
RH2 0AD
30 August 2024
Page 1

 
C&P PROPERTIES INVESTMENT LIMITED
Registered number:11696530

Statement of Financial Position
As at 30 November 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
245,565
245,565

  
245,565
245,565

Current assets
  

Cash at bank and in hand
 5 
3,621
2,430

  
3,621
2,430

Creditors: amounts falling due within one year
 6 
(133,363)
(130,054)

Net current liabilities
  
 
 
(129,742)
 
 
(127,624)

Total assets less current liabilities
  
115,823
117,941

Creditors: amounts falling due after more than one year
 7 
(133,012)
(133,005)

  

Net liabilities
  
(17,189)
(15,064)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(17,289)
(15,164)

  
(17,189)
(15,064)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 August 2024.



Page 2

 
C&P PROPERTIES INVESTMENT LIMITED
Registered number:11696530
    
Statement of Financial Position (continued)
As at 30 November 2023


Colin Amer
Paul Collins
Director
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
C&P PROPERTIES INVESTMENT LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 30 November 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Lyon Road, London, SW192RL, United Kingdom.
The company's prinicipal activity is the rental of residential property.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Tangible fixed assets

The property was purchased in a previous year. The directors do not consider the value of the property has changed materially over the course of the period of ownership and continues to be held at cost.

Page 4

 
C&P PROPERTIES INVESTMENT LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 30 November 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)



 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.
Page 5

 
C&P PROPERTIES INVESTMENT LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 30 November 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)


Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Page 6

 
C&P PROPERTIES INVESTMENT LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 30 November 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Tangible fixed assets





Long-term leasehold property

£



Cost or valuation


At 1 December 2022
245,565



At 30 November 2023

245,565






Net book value



At 30 November 2023
245,565



At 30 November 2022
245,565

Page 7

 
C&P PROPERTIES INVESTMENT LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 30 November 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,621
2,430

3,621
2,430



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
132,377
129,112

Accruals and deferred income
986
942

133,363
130,054



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
133,012
133,005

133,012
133,005


Page 8

 
C&P PROPERTIES INVESTMENT LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 30 November 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
132,377
129,112


132,377
129,112

Amounts falling due 1-2 years

Bank loans
133,012
133,005


133,012
133,005



265,389
262,117


 
Page 9