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REGISTERED NUMBER: 07220712 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2024

for

Cuil Enterprises Limited

Cuil Enterprises Limited (Registered number: 07220712)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cuil Enterprises Limited

Company Information
for the Year Ended 30th April 2024







DIRECTORS: N S Cawthorn
J J Cawthorn
Mrs. A E Cawthorn
A S Cawthorn





SECRETARY: Mr. N S Cawthorn





REGISTERED OFFICE: The Lilacs Fishpond Road
Waldringfield
Woodbridge
Suffolk
IP12 4QX





REGISTERED NUMBER: 07220712 (England and Wales)






Cuil Enterprises Limited (Registered number: 07220712)

Balance Sheet
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,025 4,925
Investment property 5 1,105,000 1,105,000
1,109,025 1,109,925

CURRENT ASSETS
Debtors 6 1,647 1,259
Cash at bank 430,602 449,732
432,249 450,991
CREDITORS
Amounts falling due within one year 7 1,149,412 1,168,245
NET CURRENT LIABILITIES (717,163 ) (717,254 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,862

392,671

PROVISIONS FOR LIABILITIES 62,588 48,074
NET ASSETS 329,274 344,597

CAPITAL AND RESERVES
Called up share capital 400 400
Revaluation reserve 8 184,900 184,900
Retained earnings 8 143,974 159,297
329,274 344,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Cuil Enterprises Limited (Registered number: 07220712)

Balance Sheet - continued
30th April 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th January 2025 and were signed on its behalf by:





N S Cawthorn - Director


Cuil Enterprises Limited (Registered number: 07220712)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Cuil Enterprises 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.

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.

Tangible fixed assets
Tangible Fixed Assets are stated at cost price, less accumulated depreciation. Depreciation has been provided at rates to write down the assets to their estimated residual value. Most assets are considered to be fully depreciated with no residual value. The remaining assets are depreciated at 25% pa on a reducing balance basis.

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 Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 4 (2023 - 4 ) .

Cuil Enterprises Limited (Registered number: 07220712)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023
and 30th April 2024 22,158
DEPRECIATION
At 1st May 2023 17,233
Charge for year 900
At 30th April 2024 18,133
NET BOOK VALUE
At 30th April 2024 4,025
At 30th April 2023 4,925

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023
and 30th April 2024 1,105,000
NET BOOK VALUE
At 30th April 2024 1,105,000
At 30th April 2023 1,105,000

Fair value at 30th April 2024 is represented by:
£   
Valuation in 2020 168,006
Valuation in 2021 65,000
Valuation in 2022 125,353
Valuation in 2023 (105,363 )
Cost 852,004
1,105,000

If the investment properties had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 852,004 852,004

The investment properties were valued on an open market basis on 30th April 2022 by the directors .

Cuil Enterprises Limited (Registered number: 07220712)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 1,647 1,259

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 2,595 9,359
Other creditors 1,146,817 1,158,886
1,149,412 1,168,245

8. RESERVES

Included in Reserves is an amount of £184,900 (2023 £184,900) representing the unrealised net revaluation gain attributable to Investment properties. This amount is not distributable in the form of dividends.

9. RELATED PARTY DISCLOSURES

Included within Other Creditors is an amount of £1,143,847 (2023 £1,156,216) comprising loans from the directors. These loans have no fixed terms, other than that they are currently interest free, and are repayable on demand.