Company registration number 14655105 (England and Wales)
C3I INVESTMENTS BEAU NASH HOUSE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
C3I INVESTMENTS BEAU NASH HOUSE LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
C3I INVESTMENTS BEAU NASH HOUSE LTD (REGISTERED NUMBER: 14655105)
BALANCE SHEET
AS AT 28 FEBRUARY 2024
28 February 2024
- 1 -
2024
Notes
£
£
Fixed assets
Investment property
4
995,615
Current assets
Debtors
5
559
Cash at bank and in hand
66,348
66,907
Creditors: amounts falling due within one year
6
(403,033)
Net current liabilities
(336,126)
Total assets less current liabilities
659,489
Creditors: amounts falling due after more than one year
7
(638,000)
Net assets
21,489
Capital and reserves
Called up share capital
1
Profit and loss reserves
21,488
Total equity
21,489

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

C3I INVESTMENTS BEAU NASH HOUSE LTD (REGISTERED NUMBER: 14655105)
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2024
28 February 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 29 November 2024
C Harvey
Director
C3I INVESTMENTS BEAU NASH HOUSE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024
- 3 -
1
Accounting policies
Company information

C3I Investments Beau Nash House Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 15 Somerset Place, Bath, Somerset, BA1 5AD.

1.1
Reporting period

The company was incorporated on 10 February 2023 and the director has chosen to prepare the company's first financial statements for the period ended 31 March 2024.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover represents rental income receivable.

1.4
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.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

C3I INVESTMENTS BEAU NASH HOUSE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2024
2
Judgements and key sources of estimation uncertainty
(Continued)
- 4 -
Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Investment property valuation

Investment property is valued at fair value on the basis of directors' estimates and judgements. Valuations are made on an open market value basis by reference to market evidence of transaction prices for similar properties. The director does not consider it necessary to obtain a valuation by an independent valuer.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
1
4
Investment property
2024
£
Fair value
At 10 February 2023
-
0
Additions
995,615
At 28 February 2024
995,615

Investment property comprises properties at a fair value of £995,615. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director as described in note 2.

If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2024
£
Cost
995,615
Accumulated depreciation
-
Carrying amount
995,615
C3I INVESTMENTS BEAU NASH HOUSE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2024
- 5 -
5
Debtors
2024
Amounts falling due within one year:
£
Other debtors
559
6
Creditors: amounts falling due within one year
2024
£
Taxation and social security
10,395
Other creditors
392,638
403,033
7
Creditors: amounts falling due after more than one year
2024
£
Bank loans and overdrafts
638,000

The long-term loans are secured by fixed and floating charges over all of the company's assets.

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