Company Registration No. 10777505 (England and Wales)
C.N.B. Property Ltd
Unaudited accounts
for the year ended 30 April 2024
C.N.B. Property Ltd
Unaudited accounts
Contents
C.N.B. Property Ltd
Company Information
for the year ended 30 April 2024
Directors
Claire Blakey
Nigel Blakey
Company Number
10777505 (England and Wales)
Registered Office
The Old Presbytery
2 Chapel Lane
WETHERBY
West Yorkshire
LS23 6HU
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
C.N.B. Property Ltd
Accountants' report
Accountants' report to the board of directors of C.N.B. Property Ltd on the preparation of the unaudited statutory accounts for the year ended 30 April 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.N.B. Property Ltd for the year ended
30 April 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of C.N.B. Property Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of C.N.B. Property Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C.N.B. Property Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that C.N.B. Property Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of C.N.B. Property Ltd. You consider that C.N.B. Property Ltd 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.N.B. Property Ltd. 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.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
1 October 2024
C.N.B. Property Ltd
Statement of financial position
as at 30 April 2024
Investment property
600,198
600,198
Cash at bank and in hand
19,192
8,255
Creditors: amounts falling due within one year
(38,467)
(328,838)
Net current liabilities
(15,560)
(127,709)
Total assets less current liabilities
584,638
472,734
Creditors: amounts falling due after more than one year
(443,475)
(443,475)
Provisions for liabilities
Deferred tax
(5,625)
(5,625)
Called up share capital
100
100
Revaluation reserve
16,875
16,875
Profit and loss account
118,563
6,659
Shareholders' funds
135,538
23,634
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by
Nigel Blakey
Director
Company Registration No. 10777505
C.N.B. Property Ltd
Notes to the Accounts
for the year ended 30 April 2024
C.N.B. Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 10777505. The registered office is The Old Presbytery, 2 Chapel Lane, WETHERBY, West Yorkshire, LS23 6HU.
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.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
Computer equipment
33% on cost
C.N.B. Property Ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
13,109
1,735
14,844
At 30 April 2024
13,109
1,735
14,844
At 1 May 2023
13,109
1,490
14,599
Charge for the year
-
245
245
At 30 April 2024
13,109
1,735
14,844
At 30 April 2023
-
245
245
Fair value at 1 May 2023
600,198
Amounts falling due within one year
Accrued income and prepayments
3,715
4,763
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
37,383
3,686
Loans from directors
-
318,703
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
443,475
443,475
Aggregate of amounts that fall due for payment after five years
443,475
443,475
C.N.B. Property Ltd
Notes to the Accounts
for the year ended 30 April 2024
9
Deferred taxation
2024
2023
Revaluation of investment property
5,625
5,625
Provision at start of year
5,625
-
Charged to the profit and loss account
-
5,625
Provision at end of year
5,625
5,625
The comparatives have been restated for deferred tax on revaluation of investment properties.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).