COURT ESTATES LIMITED

Company Registration Number:
03074337 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

COURT ESTATES LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

COURT ESTATES LIMITED

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 4,096,060 3,815,279
Investments: 4 4,050,050 4,418,534
Total fixed assets: 8,146,110 8,233,813
Current assets
Debtors: 5 2,038,258 537,276
Cash at bank and in hand: 494,861 17,410
Total current assets: 2,533,119 554,686
Creditors: amounts falling due within one year:   (110,184) (979,784)
Net current assets (liabilities): 2,422,935 (425,098)
Total assets less current liabilities: 10,569,045 7,808,715
Creditors: amounts falling due after more than one year: 6 (1,049,660) (3,992,328)
Provision for liabilities: (780,000) 0
Total net assets (liabilities): 8,739,385 3,816,387
Capital and reserves
Called up share capital: 4 4
Share premium account: 199,998 199,998
Revaluation reserve:72,152,7722,152,772
Profit and loss account: 6,386,611 1,463,613
Shareholders funds: 8,739,385 3,816,387

The notes form part of these financial statements

COURT ESTATES LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 September 2024
and signed on behalf of the board by:

Name: M S Saloojee
Status: Director

The notes form part of these financial statements

COURT ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

COURT ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 4 7

COURT ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 5,019,229
Additions 357,016
Disposals (412,831)
At 30 June 2023 4,963,414
Depreciation
At 01 July 2022 1,203,950
Charge for year 76,234
On disposals (412,830)
At 30 June 2023 867,354
Net book value
At 30 June 2023 4,096,060
At 30 June 2022 3,815,279

COURT ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Fixed investments

Investments in an unlisted company, a company incorporated in UK. The Company operates as a Hotelier.

COURT ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Debtors

2023 2022
££
Debtors due after more than one year: 1,250,000 0

The long term loan is secured on a second charge on a freehold property. £1,050,000 is repayable after 5 years.

COURT ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

6. Creditors: amounts falling due after more than one year note

The unsecured loan of £800,000 is repayable within 5 years.

COURT ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

7. Revaluation reserve

2023
£
Balance at 01 July 2022 2,152,772
Surplus or deficit after revaluation 0
Balance at 30 June 2023 2,152,772

COURT ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

8. Related party transactions

Name of the related party:
Relationship:
connected companies
Description of the Transaction: The transaction was a business loan.
£
Balance at 01 July 2022 426,736
Balance at 30 June 2023 711,251