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REGISTERED NUMBER: 03039364 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

COURTMASTER PROPERTIES LIMITED

COURTMASTER PROPERTIES LIMITED (Registered number: 03039364)






Contents of the Financial Statements
for the Year Ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COURTMASTER PROPERTIES LIMITED

Company Information
for the Year Ended 31 MARCH 2024







DIRECTORS: H N Wayne
Mrs L A Wayne





SECRETARY: H N Wayne





REGISTERED OFFICE: Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW





REGISTERED NUMBER: 03039364 (England and Wales)





ACCOUNTANTS: The Greene Partnership LLP
Chartered Accountants
Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW

COURTMASTER PROPERTIES LIMITED (Registered number: 03039364)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128,793 128,779

CURRENT ASSETS
Debtors 5 12,492 18,617
Cash at bank 308,332 316,148
320,824 334,765
CREDITORS
Amounts falling due within one year 6 4,159 8,605
NET CURRENT ASSETS 316,665 326,160
TOTAL ASSETS LESS CURRENT
LIABILITIES

445,458

454,939

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 445,358 454,839
SHAREHOLDERS' FUNDS 445,458 454,939

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 29 August 2024 and were signed on its behalf by:



Mrs L A Wayne - Director


COURTMASTER PROPERTIES LIMITED (Registered number: 03039364)

Notes to the Financial Statements
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

COURTMASTER 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.

Turnover
Turnover represents net invoiced rents, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

COURTMASTER PROPERTIES LIMITED (Registered number: 03039364)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 127,404 12,656 3,938 143,998
Additions - - 458 458
At 31 March 2024 127,404 12,656 4,396 144,456
DEPRECIATION
At 1 April 2023 - 12,513 2,706 15,219
Charge for year - 21 423 444
At 31 March 2024 - 12,534 3,129 15,663
NET BOOK VALUE
At 31 March 2024 127,404 122 1,267 128,793
At 31 March 2023 127,404 143 1,232 128,779

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,325 12,314
VAT 567 -
Amounts paid in advance 5,600 5,600
Prepayments - 703
12,492 18,617

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,824 -
Tax - 4,691
VAT payable - 2,655
Paye and national insurance 8 334
Directors' current accounts 1,526 90
Accrued expenses 801 835
4,159 8,605

7. ULTIMATE CONTROLLING PARTY

The controlling party is the shareholders.