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Registration number: 13051650

Country & City Construction Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Country & City Construction Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Country & City Construction Limited

Company Information

Directors

S B Crossan

J P Crossan

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Country & City Construction Limited

Statement of Financial Position as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,273

-

Current assets

 

Debtors

5

91,513

10,190

Cash at bank and in hand

 

79,081

36,992

 

170,594

47,182

Creditors: Amounts falling due within one year

6

(112,856)

(56,560)

Net current assets/(liabilities)

 

57,738

(9,378)

Net assets/(liabilities)

 

59,011

(9,378)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

58,911

(9,478)

Shareholders' funds/(deficit)

 

59,011

(9,378)

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 3 September 2024 and signed on its behalf by:
 

.........................................

S B Crossan

Director

Company registration number: 13051650

 

Country & City Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of development of building projects and construction of commercial buildings.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company has made a profit for the year 30 November 2023 and had net assets at that date amounting to £59,011 with cash at bank of £79,081.

The director has considered the potential effect of inflationary pressures within the industry amid the cost of living crisis and although there is no certainty as to when this will end, the director's view is that the impact will be manageable. The company has few fixed overheads which the director believes can be easily managed. At that date an amount of £53,605 was due to the director who has agreed to not call for repayment until such time as the company has sufficient working capital.

After making enquiries, the director believes that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director considers it appropriate to continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

 

Country & City Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

Straight line over 5 years

Furniture, fittings and equipment

Straight line over 3 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 1 (2022 - 0).

 

Country & City Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

Additions

683

669

1,352

At 30 November 2023

683

669

1,352

Depreciation

Charge for the year

34

45

79

At 30 November 2023

34

45

79

Carrying amount

At 30 November 2023

649

624

1,273

5

Debtors

2023
£

2022
£

Trade debtors

78,557

10,190

Other debtors

12,956

-

91,513

10,190

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Trade creditors

27,870

3,000

Taxation and social security

24,851

-

Other creditors

60,135

53,560

112,856

56,560