Company No:
Contents
Note | 05.04.2024 | |
£ | ||
Fixed assets | ||
Tangible assets | 3 |
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721 | ||
Current assets | ||
Stocks | 4 |
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Cash at bank and in hand |
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199,613 | ||
Creditors: amounts falling due within one year | 5 | (
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Net current liabilities | (4,401) | |
Total assets less current liabilities | (3,680) | |
Net liabilities | (
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Capital and reserves | ||
Called-up share capital | 6 |
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Profit and loss account | (
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Total shareholders' deficit | (
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Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Curwen Property 1 Limited (registered number:
Mr E I C Wordsworth
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Curwen Property 1 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 Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom. The principal place of business is 64 Belvedere House, Lower Road, Salisbury, Wiltshire, SP2 9NQ.
The financial statements have been prepared under the historical cost convention, modified to include 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 £.
Although there are net current liabilities of £4,401, the directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due 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.
Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion. Invoices are not raised until a contract is complete so the value of incomplete services is included in Amounts recoverable on contracts in the balance sheet.
Revenue is recognised on completion of sale of property.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Office equipment |
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Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.
Period from 11.04.2023 to 05.04.2024 |
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Number | |
Monthly average number of persons employed by the Company during the period, including directors |
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Office equipment | Total | ||
£ | £ | ||
Cost | |||
At 11 April 2023 |
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Additions |
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At 05 April 2024 |
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Accumulated depreciation | |||
At 11 April 2023 |
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Charge for the financial period |
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At 05 April 2024 |
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Net book value | |||
At 05 April 2024 |
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05.04.2024 | |
£ | |
Stocks |
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05.04.2024 | |
£ | |
Amounts owed to associates |
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Other creditors |
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05.04.2024 | |
£ | |
Allotted, called-up and fully-paid | |
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Other related party transactions
The company owes £163,514.24 to Curwen Property Limited, an associated company.