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Company Registration No. 07556240 (England and Wales)
Cuentos Properties Limited Unaudited accounts for the year ended 31 March 2024
Cuentos Properties Limited Unaudited accounts Contents
Page
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Cuentos Properties Limited Company Information for the year ended 31 March 2024
Directors
Mr R J Story Mrs E Story
Company Number
07556240 (England and Wales)
Registered Office
The Manse Uffington Shrewsbury Shropshire SY4 4SY England
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Cuentos Properties Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,553 
4,757 
Investment property
105,000 
105,000 
Investments
50 
50 
108,603 
109,807 
Current assets
Debtors
50,273 
87,637 
Cash at bank and in hand
1,479 
403 
51,752 
88,040 
Creditors: amounts falling due within one year
(341,605)
(359,017)
Net current liabilities
(289,853)
(270,977)
Net liabilities
(181,250)
(161,170)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(181,350)
(161,270)
Shareholders' funds
(181,250)
(161,170)
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 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
Mr R J Story Director Company Registration No. 07556240
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Cuentos Properties Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Cuentos Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 07556240. The registered office is The Manse, Uffington, Shrewsbury, Shropshire, SY4 4SY, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in pounds sterling.
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
20% reducing balance
Computer equipment
33% on cost
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
Investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
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Cuentos Properties Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
8,150 
7,591 
15,741 
At 31 March 2024
8,150 
7,591 
15,741 
Depreciation
At 1 April 2023
3,977 
7,007 
10,984 
Charge for the year
835 
369 
1,204 
At 31 March 2024
4,812 
7,376 
12,188 
Net book value
At 31 March 2024
3,338 
215 
3,553 
At 31 March 2023
4,173 
584 
4,757 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
105,000 
At 31 March 2024
105,000 
6
Investments
Other investments 
£ 
Valuation at 1 April 2023
50 
Valuation at 31 March 2024
50 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,359 
Other debtors
50,273 
84,278 
50,273 
87,637 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
17,043 
Other creditors
333,292 
333,291 
Accruals
8,313 
8,683 
341,605 
359,017 
9
Average number of employees
During the year the average number of employees was 2 (2023: 0).
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