Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Christopher Jon Hollis 12/04/2023 Victoria Rouncefield 12/04/2023 10 January 2025 The intended principal activity of the Company is property rental. All expenses occured during the period are pre-trading. 14796762 2024-04-30 14796762 bus:Director1 2024-04-30 14796762 bus:Director2 2024-04-30 14796762 core:CurrentFinancialInstruments 2024-04-30 14796762 core:ShareCapital 2024-04-30 14796762 core:RetainedEarningsAccumulatedLosses 2024-04-30 14796762 2023-04-30 14796762 core:CurrentFinancialInstruments core:Secured 2024-04-30 14796762 bus:OrdinaryShareClass1 2024-04-30 14796762 2023-05-01 2024-04-30 14796762 bus:FilletedAccounts 2023-05-01 2024-04-30 14796762 bus:SmallEntities 2023-05-01 2024-04-30 14796762 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 14796762 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14796762 bus:Director1 2023-05-01 2024-04-30 14796762 bus:Director2 2023-05-01 2024-04-30 14796762 core:CurrentFinancialInstruments 2023-05-01 2024-04-30 14796762 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14796762 (England and Wales)

CCC PROPERTY LIMITED

Unaudited Financial Statements
For the financial period ended 30 April 2024
Pages for filing with the registrar

CCC PROPERTY LIMITED

Unaudited Financial Statements

For the financial period ended 30 April 2024

Contents

CCC PROPERTY LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
CCC PROPERTY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024
£
Fixed assets
Investment property 3 529,321
529,321
Current assets
Cash at bank and in hand 104,165
104,165
Creditors: amounts falling due within one year 4 ( 711,059)
Net current liabilities (606,894)
Total assets less current liabilities (77,573)
Net liabilities ( 77,573)
Capital and reserves
Called-up share capital 5 100
Profit and loss account ( 77,673 )
Total shareholders' deficit ( 77,573)

For the financial period ending 30 April 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 CCC Property Limited (registered number: 14796762) were approved and authorised for issue by the Board of Directors on 10 January 2025. They were signed on its behalf by:

Christopher Jon Hollis
Director
CCC PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 30 April 2024
CCC PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 30 April 2024
1. Accounting policies

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

General information and basis of accounting

CCC Property 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 C/O Bishop Fleming Llp, Newham Road, Truro, TR1 2DP, United Kingdom.

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 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 £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £77,573. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so 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.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

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

3. Investment property

Investment property
£
Valuation
As at 01 May 2023 0
Additions 529,321
As at 30 April 2024 529,321

Valuation

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value will be determined during the following year by the directors, on an open market value for existing use basis.

4. Creditors: amounts falling due within one year

2024
£
Bank loans (secured) 275,647
Amounts owed to directors 413,743
Accruals 21,669
711,059

The bank loans above are secured against the investment property.

5. Called-up share capital

2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

On the 12 April 2023, the company incorporated with 100 ordinary shares issued at Par.