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Registered number: 09870943
Cpg Estates Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09870943
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 475,000 475,000
475,000 475,000
CURRENT ASSETS
Debtors 5 898,088 900,051
Cash at bank and in hand 10,678 1,277
908,766 901,328
Creditors: Amounts Falling Due Within One Year 6 (922,816 ) (892,552 )
NET CURRENT ASSETS (LIABILITIES) (14,050 ) 8,776
TOTAL ASSETS LESS CURRENT LIABILITIES 460,950 483,776
Creditors: Amounts Falling Due After More Than One Year 7 (382,377 ) (392,235 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,995 ) (19,995 )
NET ASSETS 58,578 71,546
CAPITAL AND RESERVES
Called up share capital 8 1 1
Other reserves 96,943 96,943
Profit and Loss Account (38,366 ) (25,398 )
SHAREHOLDERS' FUNDS 58,578 71,546
Page 1
Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Marc Adler
Director
19/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cpg Estates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09870943 . The registered office is 23a Lampard Grove, London, N16 6XA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Investment Property
2023
£
Fair Value
As at 1 January 2023 and 31 December 2023 475,000
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 2,238
Other debtors 898,088 897,813
898,088 900,051
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 920,420 891,892
Tenant security deposit held 1,700 -
Accruals and deferred income 696 660
922,816 892,552
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 382,377 392,235
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4