Silverfin false false 29/02/2024 01/03/2023 29/02/2024 Mrs P Lewis 25/09/2017 Mr J Lewis 01/02/2017 29 November 2024 The principal activity of the Company during the financial year was that of buying and selling of own real estate as well as management of real estate on fee or contract basis. 10595890 2024-02-29 10595890 bus:Director1 2024-02-29 10595890 bus:Director2 2024-02-29 10595890 2023-02-28 10595890 core:CurrentFinancialInstruments 2024-02-29 10595890 core:CurrentFinancialInstruments 2023-02-28 10595890 core:Non-currentFinancialInstruments 2024-02-29 10595890 core:Non-currentFinancialInstruments 2023-02-28 10595890 core:ShareCapital 2024-02-29 10595890 core:ShareCapital 2023-02-28 10595890 core:RetainedEarningsAccumulatedLosses 2024-02-29 10595890 core:RetainedEarningsAccumulatedLosses 2023-02-28 10595890 core:PlantMachinery 2023-02-28 10595890 core:Vehicles 2023-02-28 10595890 core:FurnitureFittings 2023-02-28 10595890 core:OfficeEquipment 2023-02-28 10595890 core:PlantMachinery 2024-02-29 10595890 core:Vehicles 2024-02-29 10595890 core:FurnitureFittings 2024-02-29 10595890 core:OfficeEquipment 2024-02-29 10595890 1 2024-02-29 10595890 1 2023-02-28 10595890 2023-03-01 2024-02-29 10595890 bus:FilletedAccounts 2023-03-01 2024-02-29 10595890 bus:SmallEntities 2023-03-01 2024-02-29 10595890 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 10595890 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10595890 bus:Director1 2023-03-01 2024-02-29 10595890 bus:Director2 2023-03-01 2024-02-29 10595890 core:PlantMachinery 2023-03-01 2024-02-29 10595890 core:Vehicles 2023-03-01 2024-02-29 10595890 core:FurnitureFittings 2023-03-01 2024-02-29 10595890 core:OfficeEquipment 2023-03-01 2024-02-29 10595890 2022-03-01 2023-02-28 10595890 core:CurrentFinancialInstruments 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Company No: 10595890 (England and Wales)

CICERO ESTATES LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

CICERO ESTATES LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

CICERO ESTATES LIMITED

BALANCE SHEET

As at 29 February 2024
CICERO ESTATES LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 35,004 39,284
35,004 39,284
Current assets
Debtors 4 174,055 188,210
Investments 5 18,409 18,409
Cash at bank and in hand 64,137 136,418
256,601 343,037
Creditors: amounts falling due within one year 6 ( 79,454) ( 102,531)
Net current assets 177,147 240,506
Total assets less current liabilities 212,151 279,790
Creditors: amounts falling due after more than one year 7 ( 12,500) ( 55,535)
Net assets 199,651 224,255
Capital and reserves
Called-up share capital 4 4
Profit and loss account 199,647 224,251
Total shareholders' funds 199,651 224,255

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Cicero Estates Limited (registered number: 10595890) were approved and authorised for issue by the Board of Directors on 29 November 2024. They were signed on its behalf by:

Mr J Lewis
Director
CICERO ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
CICERO ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cicero Estates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 10 Fairlie Park, Ringwood, Hampshire, BH24 1TU.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 10 % reducing balance
Office equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 March 2023 9,949 51,761 2,866 10,386 74,962
Additions 2,268 0 1,270 1,643 5,181
At 29 February 2024 12,217 51,761 4,136 12,029 80,143
Accumulated depreciation
At 01 March 2023 3,702 26,285 659 5,032 35,678
Charge for the financial year 1,552 6,369 338 1,202 9,461
At 29 February 2024 5,254 32,654 997 6,234 45,139
Net book value
At 29 February 2024 6,963 19,107 3,139 5,795 35,004
At 28 February 2023 6,247 25,476 2,207 5,354 39,284

4. Debtors

2024 2023
£ £
Trade debtors 0 5,831
Amounts owed by directors 82,926 131,826
Prepayments 766 0
Other debtors 90,363 50,553
174,055 188,210

5. Current asset investments

2024 2023
£ £
Other investments 18,409 18,409

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,000 10,000
Corporation tax 17,112 48,910
Other taxation and social security 7,204 6,023
Obligations under finance leases and hire purchase contracts 33,035 6,305
Other creditors 12,103 31,293
79,454 102,531

Hire purchase contracts are secured by the assets to which they are related.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 12,500 22,500
Obligations under finance leases and hire purchase contracts 0 33,035
12,500 55,535

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Key management 82,926 131,826

Interest has been charged on the overdrawn loan account as per applicable HMRC rates.