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COMPANY REGISTRATION NUMBER: 13625180
No.4 CT Limited
Filleted Unaudited Financial Statements
31 December 2023
No.4 CT Limited
Financial Statements
Year ended 31 December 2023
Contents
Page
Balance sheet
1
Notes to the financial statements
3
No.4 CT Limited
Balance Sheet
31 December 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
4
503,898
518,001
Current assets
Debtors
5
4,259
Cash at bank and in hand
8,442
2,045
--------
-------
12,701
2,045
Creditors: Amounts falling due within one year
6
( 421,424)
( 415,527)
---------
---------
Net current liabilities
( 408,723)
( 413,482)
---------
---------
Total assets less current liabilities
95,175
104,519
Provisions
Taxation including deferred tax
( 24,077)
( 26,532)
--------
---------
Net assets
71,098
77,987
--------
---------
No.4 CT Limited
Balance Sheet (continued)
31 December 2023
2023
2022
Note
£
£
£
£
Capital and reserves
Called up share capital
1
1
Profit and loss account
71,097
77,986
--------
--------
Shareholders funds
71,098
77,987
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 3 September 2024 , and are signed on behalf of the board by:
J M George
Director
Company registration number: 13625180
No.4 CT Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 30 Willes Road, Leamington Spa, CV31 1BN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. They have been prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rent, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
Tangible assets
Fixtures and Fittings are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Investment Properties are initially measured at cost, with subsequent measurement at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The fair value is determined annually by the directors, on an open market value for existing use basis.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% straight line
4. Tangible assets
Investment Property
Fixtures and fittings
Total
£
£
£
Cost or valuation
At 1 January 2023
495,000
23,793
518,793
Additions
822
822
Revaluations
( 10,000)
( 10,000)
---------
--------
---------
At 31 December 2023
485,000
24,615
509,615
---------
--------
---------
Depreciation
At 1 January 2023
792
792
Charge for the year
4,925
4,925
---------
--------
---------
At 31 December 2023
5,717
5,717
---------
--------
---------
Carrying amount
At 31 December 2023
485,000
18,898
503,898
---------
--------
---------
At 31 December 2022
495,000
23,001
518,001
---------
--------
---------
The fair value of the company's investment property at 31 December 2023 has been arrived at on the basis of valuations carried out on that date by the director. The director used experience of local property prices and market evidence for sales of similar properties at the time.
5. Debtors
2023
2022
£
£
Trade debtors
3,235
Other debtors
1,024
-------
----
4,259
-------
----
6. Creditors: Amounts falling due within one year
2023
2022
£
£
Other creditors
421,424
415,527
---------
---------
7. Director's advances, credits and guarantees
During the year, the director had an interest-free, repayable on demand loan with the company. At the start of the year the director was owed £414,658 and at the end of the year the director was owed £414,848.