Compton Court (Sussex) Limited


FINANCIAL STATEMENTS


for the year ended 30th April 2024



Compton Court (Sussex) Limited

CONTENTS

for the year ended 30th April 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Compton Court (Sussex) Limited

Company No. 08042951

STATEMENT OF FINANCIAL POSITION

as at 30th April 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment4982354987358
982354987358
CURRENT ASSETS
Debtors56986470093
Cash at bank and in hand7897258
7065377351
CURRENT LIABILITIES
Creditors: amounts falling due
within one year65743275017
NET CURRENT ASSETS132212334
TOTAL ASSETS LESS CURRENT LIABILITIES995575989692
 
Creditors: amounts falling due
after more than one year7893000893000
 
NET ASSETS10257596692
 
CAPITAL AND RESERVES
Called up share capital22
Retained earnings10257396690
SHAREHOLDERS FUNDS10257596692

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th April 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 27 January 2025


P Baker

Director

Company Number 08042951 (England)

Compton Court (Sussex) Limited

NOTES TO THE ACCOUNTS

for the year ended 30th April 2024


1   Statutory information

Compton Court (Sussex) Limited is a private company limited by shares and registered under company number 08042951 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent. DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles20% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 2 (2023 - 2).

4   Property, plant and equipment
 
PlantFixtures
Land andandand
BuildingsMachineryFittingsTotal
££££
Cost
At 1st May 2023 and
At 30th April 20249623378221447361107895
 
Depreciation
At 1st May 2023 -734119803120537
Charge for year-2449805004
At 30th April 2024-758124783125541
 
Net Book Value
At 30th April 20249623376419953982354
At 30th April 20239623378824933987358

5   Debtors20242023
££
 
Amounts owed by group undertakings and undertakings in which the
  Company has a participating interest6986470093
6986470093

6   Creditors: amounts falling due within one year20242023
££
 
Corporation tax3399-
Other creditors5403375017
5743275017

7   Creditors: amounts falling due after one year20242023
££
 
Loans and Overdrafts893000893000
893000893000

8   Loans20242023
££
Analysis of maturity of debt:
 
Between one and five years893000893000
893000893000

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