C P London Property Limited 08652541 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is operating rental properties. Digita Accounts Production Advanced 6.30.9574.0 true true 08652541 2023-04-01 2024-03-31 08652541 2024-03-31 08652541 core:CurrentFinancialInstruments 2024-03-31 08652541 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08652541 core:Non-currentFinancialInstruments 2024-03-31 08652541 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08652541 bus:SmallEntities 2023-04-01 2024-03-31 08652541 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08652541 bus:FilletedAccounts 2023-04-01 2024-03-31 08652541 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08652541 bus:RegisteredOffice 2023-04-01 2024-03-31 08652541 bus:Director2 2023-04-01 2024-03-31 08652541 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08652541 bus:Agent1 2023-04-01 2024-03-31 08652541 countries:EnglandWales 2023-04-01 2024-03-31 08652541 2023-03-31 08652541 2022-04-01 2023-03-31 08652541 2023-03-31 08652541 core:CurrentFinancialInstruments 2023-03-31 08652541 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08652541 core:Non-currentFinancialInstruments 2023-03-31 08652541 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 08652541

C P London Property Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

C P London Property Limited

Contents

Company Information

1

Accountants' Report

2

Statement of Financial Position

3

Notes to the Unaudited Financial Statements

4 to 6

 

C P London Property Limited

Company Information

Director

C G Phouli

Registered office

D S House
306 High Street
Croydon
Surrey
CR0 1NG

Accountants

DSK Partners LLP
Chartered Accountants
D S House
306 High Street
Croydon
Surrey
CR0 1NG

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
C P London Property Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of C P London Property Limited for the year ended 31 March 2024 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of C P London Property Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of C P London Property Limited and state those matters that we have agreed to state to the Board of Directors of C P London Property Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C P London Property Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that C P London Property Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of C P London Property Limited. You consider that C P London Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of C P London Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

DSK Partners LLP
Chartered Accountants
D S House
306 High Street
Croydon
Surrey
CR0 1NG

2 July 2024

 

C P London Property Limited

(Registration number: 08652541)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

199,000

195,000

Current assets

 

Cash at bank and in hand

 

1,444

1,046

Creditors: Amounts falling due within one year

5

(18,213)

(27,124)

Net current liabilities

 

(16,769)

(26,078)

Total assets less current liabilities

 

182,231

168,922

Creditors: Amounts falling due after more than one year

5

(168,000)

(155,672)

Provisions for liabilities

(12,269)

(11,509)

Net assets

 

1,962

1,741

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

52,307

49,067

Retained earnings

(50,445)

(47,426)

Shareholders' funds

 

1,962

1,741

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 2 July 2024
 

C G Phouli
Director

   
     
 

C P London Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
D S House
306 High Street
Croydon
Surrey
CR0 1NG
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair values is recognised in profit or Loss.

 

C P London Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

C P London Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Investment properties

2024
£

At 1 April 2023

195,000

Fair value adjustments

4,000

At 31 March 2024

199,000

The above valuation is performed by the director as on 31 March 2024.

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

-

11,305

Accruals and deferred income

 

1,698

2,394

Other creditors

 

16,515

13,425

 

18,213

27,124

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6

168,000

155,672

6

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

168,000

155,672

Current loans and borrowings

2024
£

2023
£

Bank borrowings

-

11,305