Registered number
12084260
Cucumber Investments Limited
Filleted Accounts
31 July 2024
Cucumber Investments Limited
Registered number: 12084260
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 668,539 653,805
Current assets
Debtors 4 5,278 1,881
Cash at bank and in hand 730 11,698
6,008 13,579
Creditors: amounts falling due within one year 5 (1,981) (7,078)
Net current assets 4,027 6,501
Total assets less current liabilities 672,566 660,306
Creditors: amounts falling due after more than one year 6 (592,879) (583,903)
Net assets 79,687 76,403
Capital and reserves
Called up share capital 100 100
Profit and loss account 79,587 76,303
Shareholders' funds 79,687 76,403
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Robert Meehan
Director
Approved by the board on 11 February 2025
Cucumber Investments Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes rent receivable from tenants, on a straight line basis over the term of the lease, for a period of use of the properties owned by the company.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. However, tangible assets in the accounts only consist of properties which are not depreciated as they apppreciats in value.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 August 2023 653,805
Additions 14,734
At 31 July 2024 668,539
Depreciation
At 31 July 2024 & 31 July 2023 -
Net book value
At 31 July 2024 668,539
At 31 July 2023 653,805
4 Debtors 2024 2023
£ £
Amounts owed by connected companies 4,000 -
Other debtors 1,278 1,881
5,278 1,881
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 770 5,481
Other creditors 1,211 1,597
1,981 7,078
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 370,988 364,012
Amounts owed to connected companies 221,891 219,891
592,879 583,903
Last year, the company entered into a Term Loan facility with Cambridge & Counties Bank, repayable over a 15 year period.
The bank loans are secured by way of fixed and floating charges against the properties.
Pleaes find below details relating to the loan;
Original Amount Borrowed £384,000
Monthly Installment £4,136
Type of Account Repayment Mortgage
Original Terms 180 months (15 Years)
Loan Start Date 26th May 2023
Remaining Original Term 166 months (13 years as at February 2025)
7 Related party transactions
As at 31July 2024, the Company had a loan payable of £221,891 (£219,891 - last year) with a
Connected Company, Cucumber Recruitment Limited. The loan was not interest bearing due to
Cucumber Recruitment Limited supporting the Company during its start-up period.
8 Other information
Cucumber Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Kimada House
442 Flixton Road
Urmston
Manchester
M41 6QT
9 On 19 December 2024, 100% of the share capital was acquired by Cucumber Investments (Holdings ) Limited, a company registered in the UK and is the ultimate holding company.
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