Caseware UK (AP4) 2023.0.135 2023.0.135 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-04-01false22falsetrue 10745540 2023-04-01 2024-03-31 10745540 2022-04-01 2023-03-31 10745540 2024-03-31 10745540 2023-03-31 10745540 c:Director1 2023-04-01 2024-03-31 10745540 c:Director2 2023-04-01 2024-03-31 10745540 d:Buildings 2023-04-01 2024-03-31 10745540 d:Buildings 2024-03-31 10745540 d:Buildings 2023-03-31 10745540 d:CurrentFinancialInstruments 2024-03-31 10745540 d:CurrentFinancialInstruments 2023-03-31 10745540 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10745540 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10745540 d:ShareCapital 2024-03-31 10745540 d:ShareCapital 2023-03-31 10745540 d:RetainedEarningsAccumulatedLosses 2024-03-31 10745540 d:RetainedEarningsAccumulatedLosses 2023-03-31 10745540 c:FRS102 2023-04-01 2024-03-31 10745540 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10745540 c:FullAccounts 2023-04-01 2024-03-31 10745540 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10745540 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 10745540













CVDC Properties Limited

Financial statements
Information for filing with the registrar

31 March 2024




 
CVDC Properties Limited
 
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of CVDC Properties 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 financial statements of CVDC Properties Limited for the year ended 31 March 2024 which comprise the Balance sheet and the related notes 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 https://www.icaew.com /regulation.

This report is made solely to the Board of directors of CVDC Properties Limited, as a body, in accordance with the terms of our engagement letter dated 15 December 2023Our work has been undertaken solely to prepare for your approval the financial statements of CVDC Properties Limited and state those matters that we have agreed to state to the Board of directors of CVDC Properties Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CVDC Properties Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that CVDC Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CVDC Properties Limited. You consider that CVDC Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of CVDC Properties 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 financial statements.

  


UNW LLP
Chartered Accountants
Citygate
St James' Boulevard
Newcastle upon Tyne
NE1 4JE
4 November 2024
1

 
CVDC Properties Limited


Balance sheet
At 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
399,234
399,234

  
399,234
399,234

Current assets
  

Cash at bank and in hand
  
37,298
24,149

  
37,298
24,149

Creditors: amounts falling due within one year
 5 
(302,747)
(327,925)

Net current liabilities
  
 
 
(265,449)
 
 
(303,776)

Total assets less current liabilities
  
133,785
95,458

  

Net assets
  
133,785
95,458


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
133,685
95,358

Shareholders' funds
  
133,785
95,458


2

 
CVDC Properties Limited

    
Balance sheet (continued)
At 31 March 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 November 2024.




Mr A J Heum
Mrs M B Heum
Director
Director

Registered number: 10745540
The notes on pages 4 to 6 form part of these financial statements. 

3

 
CVDC Properties Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

1.


General information

CVDC Properties Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England and Wales. The address of the registered office is 2nd Floor Citygate, St James Boulevard, Newcastle upon Tyne, NE1 4JE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is measured at the fair value of the rental consideration received.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

4

 
CVDC Properties Limited
 

 
Notes to the financial statements
Year ended 31 March 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
no depreciation

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 April 2023
399,234



At 31 March 2024

399,234






Net book value



At 31 March 2024
399,234



At 31 March 2023
399,234

5

 
CVDC Properties Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

5.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
960
-

Corporation tax
8,990
8,524

Other creditors
291,129
317,841

Accruals and deferred income
1,668
1,560

302,747
327,925


 
6