Registered number
09889530
CGR Property Management & Consultancy Ltd
Filleted Accounts
29 November 2023
CGR Property Management & Consultancy Ltd
Registered number: 09889530
Balance Sheet
as at 29 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 59,642 59,642
Current assets
Cash at bank and in hand 3,074 2,629
Creditors: amounts falling due within one year 4 (7,814) (9,228)
Net current liabilities (4,740) (6,599)
Total assets less current liabilities 54,902 53,043
Creditors: amounts falling due after more than one year 5 (42,715) (42,715)
Net assets 12,187 10,328
Capital and reserves
Called up share capital 100 100
Profit and loss account 12,087 10,228
Shareholders' funds 12,187 10,328
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. G Robinson
Director
Approved by the board on 25 August 2024
CGR Property Management & Consultancy Ltd
Notes to the Accounts
for the year ended 29 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment properties
Investment properties are measured at cost. No depreciation is provided, as in the directors opinion to do so, would not show a true and fair view in light of the current property climate
Investment properties not depreciated
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Grants
Grants which relate to revenue are recognised as income in the period the related costs are incurred and for which the grant is intended to compensate. Grants which are received for compensation for expenses or losses which have already been incurred is recognised as income when it is received or receivable.
Grants which relate to assets are recognised in income on a systematic basis over the useful life of the asset.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Investment property
£
Cost
At 30 November 2022 59,642
At 29 November 2023 59,642
Depreciation
At 29 November 2023 -
Net book value
At 29 November 2023 59,642
At 29 November 2022 59,642
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade & other creditors (includes directors loans ) 7,814 9,228
5 Creditors: amounts falling due after one year 2023 2022
£ £
Property loan - secured 42,715 42,715
6 Other information
CGR Property Management & Consultancy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Valley House
Kingsway South
Team Valley
Gateshead
NE11 0JW
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