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COMPANY REGISTRATION NUMBER: 12880159
Cubetown (Stockport) Ltd
Filleted Unaudited Financial Statements
For the year ended
30 September 2023
Cubetown (Stockport) Ltd
Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
350,000
350,000
Investments
6
100
100
---------
---------
350,100
350,100
Current assets
Debtors
7
92,863
92,399
Cash at bank and in hand
162,553
158,336
---------
---------
255,416
250,735
Creditors: amounts falling due within one year
8
12,431
7,594
---------
---------
Net current assets
242,985
243,141
---------
---------
Total assets less current liabilities
593,085
593,241
---------
---------
Net assets
593,085
593,241
---------
---------
Capital and reserves
Called up share capital
200
200
Profit and loss account
592,885
593,041
---------
---------
Shareholder funds
593,085
593,241
---------
---------
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 statement of income and retained earnings has not been delivered.
For the year ending 30 September 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 member has 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Cubetown (Stockport) Ltd
Statement of Financial Position (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 26 September 2024 , and are signed on behalf of the board by:
D M Duddy
Director
Company registration number: 12880159
Cubetown (Stockport) Ltd
Notes to the Financial Statements
Year ended 30 September 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 Hyde House, The Hyde, Edgware Road, London, NW9 6LA.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rents.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Freehold property
£
Cost
At 1 October 2022 and 30 September 2023
350,000
---------
Depreciation
At 1 October 2022 and 30 September 2023
---------
Carrying amount
At 30 September 2023
350,000
---------
At 30 September 2022
350,000
---------
6. Investments
Shares in group undertakings
£
Cost
At 1 October 2022 and 30 September 2023
100
----
Impairment
At 1 October 2022 and 30 September 2023
----
Carrying amount
At 30 September 2023
100
----
At 30 September 2022
100
----
Subsidiaries, associates and other investments
Class of share
Percentage of shares held
Subsidiary undertakings
May Business Estates Ltd
Ordinary
100
The results and capital and reserves for the year are as follows:
Capital and reserves
Profit/(loss) for the year
2023
2022
2023
2022
£
£
£
£
Subsidiary undertakings
May Business Estates Ltd
(77,447)
(74,374)
( 3,073)
3,947
--------
--------
-------
-------
7. Debtors
2023
2022
£
£
Trade debtors
378
10,987
Amounts owed by group undertakings and undertakings in which the company has a participating interest
90,678
79,907
Other debtors
1,807
1,505
--------
--------
92,863
92,399
--------
--------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
933
48
Corporation tax
2,229
Social security and other taxes
179
Other creditors
11,498
5,138
--------
-------
12,431
7,594
--------
-------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
D M Duddy
668
( 419)
249
----
----
----
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
D M Duddy
( 1,172)
1,840
668
-------
-------
----