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REGISTERED NUMBER: 11052204 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

C&P EXCLUSIVE LTD

C&P EXCLUSIVE LTD (REGISTERED NUMBER: 11052204)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

C&P EXCLUSIVE LTD

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTORS: K P Cheung
X Pan





REGISTERED OFFICE: 365 Euston Road
London
NW1 3AR





REGISTERED NUMBER: 11052204 (England and Wales)





ACCOUNTANTS: F E Hawkes & Co Limited
'Danesbury House'
49 Cardiff Road
Luton
Bedfordshire
LU1 1PP

C&P EXCLUSIVE LTD (REGISTERED NUMBER: 11052204)

ABRIDGED BALANCE SHEET
30 November 2023

2022 2023
£    Notes £   
FIXED ASSETS
2,626 Tangible assets 4 2,232
950,226 Investment property 5 950,226
952,852 952,458

CURRENT ASSETS
46,622 Debtors 70,756

CREDITORS
(954,371 ) Amounts falling due within one year (968,392 )
(907,749 ) NET CURRENT LIABILITIES (897,636 )
45,103 TOTAL ASSETS LESS CURRENT
LIABILITIES

54,822

CAPITAL AND RESERVES
2 Called up share capital 2
45,101 Retained earnings 54,820
45,103 54,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 August 2024 and were signed on its behalf by:





X Pan - Director


C&P EXCLUSIVE LTD (REGISTERED NUMBER: 11052204)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

C&P Exclusive Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 11052204 and the registered office is at 365 Euston Road, London, NW1 3AR.

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 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.
Equipment, fixtures & fittings - 15% on reducing balance

Investment property
Investment property is included at fair value. Gains are recognized in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

C&P EXCLUSIVE LTD (REGISTERED NUMBER: 11052204)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 5,030
DEPRECIATION
At 1 December 2022 2,404
Charge for year 394
At 30 November 2023 2,798
NET BOOK VALUE
At 30 November 2023 2,232
At 30 November 2022 2,626

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 950,226
NET BOOK VALUE
At 30 November 2023 950,226
At 30 November 2022 950,226

The investment property at the balance sheet date is stated at fair value on current prices on an active market. The value by the director has been carried out with the support of appropriate independent valuers.

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
K P Cheung and X Pan
Balance outstanding at start of year 943,633 955,433
Amounts advanced 18,199 -
Amounts repaid - (11,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 961,832 943,633

C&P EXCLUSIVE LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
C&P EXCLUSIVE LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






F E Hawkes & Co Limited
'Danesbury House'
49 Cardiff Road
Luton
Bedfordshire
LU1 1PP


20 August 2024