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REGISTERED NUMBER: 06724313 (England and Wales)















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

CUBBERLEY ESTATES LIMITED

CUBBERLEY ESTATES LIMITED (REGISTERED NUMBER: 06724313)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CUBBERLEY ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: N L Grant
A L Grant





SECRETARY: N L Grant





REGISTERED OFFICE: 34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG





REGISTERED NUMBER: 06724313 (England and Wales)





AUDITORS: Crombies Accountants Limited
Chartered Accountants and Statutory Auditor
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

CUBBERLEY ESTATES LIMITED (REGISTERED NUMBER: 06724313)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 737 921
Investment property 5 935,000 935,000
935,737 935,921

CURRENT ASSETS
Cash at bank 463 1,605

CREDITORS
Amounts falling due within one year 6 14,924 13,236
NET CURRENT LIABILITIES (14,461 ) (11,631 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

921,276

924,290

CREDITORS
Amounts falling due after more than one
year

7

(491,016

)

(489,788

)

PROVISIONS FOR LIABILITIES (28,700 ) (28,700 )
NET ASSETS 401,560 405,802

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 207,391 207,391
Retained earnings 194,069 198,311
401,560 405,802

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:





N L Grant - Director


CUBBERLEY ESTATES LIMITED (REGISTERED NUMBER: 06724313)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Cubberley Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

CUBBERLEY ESTATES LIMITED (REGISTERED NUMBER: 06724313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 12,246
DEPRECIATION
At 1 June 2023 11,325
Charge for year 184
At 31 May 2024 11,509
NET BOOK VALUE
At 31 May 2024 737
At 31 May 2023 921

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 935,000
NET BOOK VALUE
At 31 May 2024 935,000
At 31 May 2023 935,000

Investment properties were valued on an open market basis at 31 May 2019 by the director.

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2017 227,968
Valuation in 2019 (50,000 )
Valuation in 2020 (8,259 )
Valuation in 2021 60,000
Cost 705,291
935,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 11,024 9,277
Other creditors 3,900 3,959
14,924 13,236

CUBBERLEY ESTATES LIMITED (REGISTERED NUMBER: 06724313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 491,016 489,788

Other creditors comprise loans which the parties have undertaken not to have repaid within twelve months of the balance sheet date.

8. RESERVES
Fair
value
reserve
£   
At 1 June 2023
and 31 May 2024 207,391

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Cattell FCA (Senior Statutory Auditor)
for and on behalf of Crombies Accountants Limited

10. ULTIMATE CONTROLLING PARTY

The controlling party is Swanston Holdings PLC.

Swanston Holdings PLC is controlled by Mr N Grant and Mrs P Grant.