2 2 Construction Risks And Property Limited 11011577 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is that of interior construction. Digita Accounts Production Advanced 6.30.9574.0 true 11011577 2023-07-01 2024-06-30 11011577 2024-06-30 11011577 core:CurrentFinancialInstruments 2024-06-30 11011577 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 11011577 core:Non-currentFinancialInstruments 2024-06-30 11011577 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 11011577 core:PlantMachinery 2024-06-30 11011577 bus:SmallEntities 2023-07-01 2024-06-30 11011577 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11011577 bus:FilletedAccounts 2023-07-01 2024-06-30 11011577 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11011577 bus:RegisteredOffice 2023-07-01 2024-06-30 11011577 bus:Director1 2023-07-01 2024-06-30 11011577 bus:Director2 2023-07-01 2024-06-30 11011577 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11011577 bus:Agent1 2023-07-01 2024-06-30 11011577 core:PlantMachinery 2023-07-01 2024-06-30 11011577 countries:EnglandWales 2023-07-01 2024-06-30 11011577 2023-06-30 11011577 core:PlantMachinery 2023-06-30 11011577 2022-07-01 2023-06-30 11011577 2023-06-30 11011577 core:CurrentFinancialInstruments 2023-06-30 11011577 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 11011577 core:Non-currentFinancialInstruments 2023-06-30 11011577 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 11011577 core:PlantMachinery 2023-06-30 xbrli:pure iso4217:GBP

Registration number: 11011577

Construction Risks And Property Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Construction Risks And Property Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Construction Risks And Property Limited

Company Information

Directors

Gemma Louise Paraiso

Juan Miguel Paraiso

Registered office

5 Ducketts Wharf
South Street
Bishop's Stortford
Hertfordshire
CM23 3AR

Accountants

Mansell & Co
Chartered Certified Accountants5 Ducketts Wharf
South Street
Bishop's Stortford
Hertfordshire
CM23 3AR

 

Construction Risks And Property Limited

Directors' Report for the Year Ended 30 June 2024

The directors present their report and the financial statements for the year ended 30 June 2024.

Directors of the company

The directors who held office during the year were as follows:

Gemma Louise Paraiso

Juan Miguel Paraiso

Principal activity

The principal activity of the company is that of interior construction.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 23 January 2025 and signed on its behalf by:
 

.........................................
Juan Miguel Paraiso
Director

 

Construction Risks And Property Limited

(Registration number: 11011577)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

6,144

7,776

Current assets

 

Debtors

5

405

713

Cash at bank and in hand

 

37,010

39,026

 

37,415

39,739

Creditors: Amounts falling due within one year

6

(13,164)

(15,268)

Net current assets

 

24,251

24,471

Total assets less current liabilities

 

30,395

32,247

Creditors: Amounts falling due after more than one year

6

(30,005)

(31,687)

Net assets

 

390

560

Capital and reserves

 

Called up share capital

100

100

Retained earnings

290

460

Shareholders' funds

 

390

560

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account and Directors' Report.

Approved and authorised by the Board on 23 January 2025 and signed on its behalf by:
 

.........................................
Juan Miguel Paraiso
Director

 

Construction Risks And Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Ducketts Wharf
South Street
Bishop's Stortford
Hertfordshire
CM23 3AR
England

These financial statements were authorised for issue by the Board on 23 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Construction Risks And Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Construction Risks And Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Construction Risks And Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 July 2023

24,200

24,200

Additions

416

416

At 30 June 2024

24,616

24,616

Depreciation

At 1 July 2023

16,424

16,424

Charge for the year

2,048

2,048

At 30 June 2024

18,472

18,472

Carrying amount

At 30 June 2024

6,144

6,144

At 30 June 2023

7,776

7,776

5

Debtors

Current

2024
£

2023
£

Other debtors

405

713

 

405

713

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

9,600

9,600

Trade creditors

 

20

-

Taxation and social security

 

1,830

2,580

Accruals and deferred income

 

1,659

2,250

Other creditors

 

55

838

 

13,164

15,268

 

Construction Risks And Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

30,005

31,687

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

30,005

31,687

Current loans and borrowings

2024
£

2023
£

Bank borrowings

9,600

9,600