Company Registration No. 11353186 (England and Wales)
Cleansmart Properties Limited
Unaudited accounts
for the year ended 31 March 2024
Cleansmart Properties Limited
Unaudited accounts
Contents
Cleansmart Properties Limited
Company Information
for the year ended 31 March 2024
Company Number
11353186 (England and Wales)
Registered Office
6 Edison Village
Nottingham Science & Technology Park
Nottingham
Nottinghamshire
NG72RF
United Kingdom
Accountants
Archimedia Accounts
6 Edison Village
Nottingham Science & Technology Park
Nottingham
Nottinghamshire
NG72RF
Cleansmart Properties Limited
Statement of financial position
as at 31 March 2024
Investment property
450,000
450,000
Creditors: amounts falling due within one year
(124,623)
(116,042)
Net current liabilities
(124,623)
(116,042)
Total assets less current liabilities
325,377
333,958
Creditors: amounts falling due after more than one year
(161,146)
(184,420)
Provisions for liabilities
Other provisions
(14,289)
(14,289)
Net assets
149,942
135,249
Called up share capital
1
1
Revaluation reserve
60,918
60,918
Profit and loss account
89,023
74,330
Shareholders' funds
149,942
135,249
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 August 2024 and were signed on its behalf by
Matthew Flewitt
Director
Company Registration No. 11353186
Cleansmart Properties Limited
Notes to the Accounts
for the year ended 31 March 2024
Cleansmart Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11353186. The registered office is 6 Edison Village, Nottingham Science & Technology Park, Nottingham, Nottinghamshire, NG72RF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 April 2023
450,000
Fair value at 31 March 2022 is represented by a cost of £374,793 and a valuation in 2019 of £75,207.
Cleansmart Properties Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
27,347
15,000
Amounts owed to group undertakings and other participating interests
92,230
94,656
Taxes and social security
3,446
4,186
The following secured debts are included within creditors falling due within one year: Bank loans: £27347.
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
161,146
184,420
Aggregate of amounts that fall due for payment after five years
-
109,420
The following secured debts are included within creditors falling due within one year: Bank loans: £161146 (2022: £184,419)
7
Transactions with related parties
There was an interest free intercompany balance owed by the company to Cleansmart Properties ltd, which is also owned by
the director. 2024: £92230 (2023: £92654)
8
Average number of employees
During the year the average number of employees was 0 (2023: 1).