C S Party Planning Limited 07632765 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is party planning and property investment Digita Accounts Production Advanced 6.30.9574.0 true true 07632765 2023-06-01 2024-05-31 07632765 2024-05-31 07632765 core:RetainedEarningsAccumulatedLosses 2024-05-31 07632765 core:ShareCapital 2024-05-31 07632765 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 07632765 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 07632765 core:FurnitureFittingsToolsEquipment 2024-05-31 07632765 bus:SmallEntities 2023-06-01 2024-05-31 07632765 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 07632765 bus:FilletedAccounts 2023-06-01 2024-05-31 07632765 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07632765 bus:RegisteredOffice 2023-06-01 2024-05-31 07632765 bus:Director1 2023-06-01 2024-05-31 07632765 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07632765 core:Non-standardPPEClass4ComponentTotalPropertyPlantEquipment 2023-06-01 2024-05-31 07632765 core:PlantMachinery 2023-06-01 2024-05-31 07632765 countries:AllCountries 2023-06-01 2024-05-31 07632765 2023-05-31 07632765 core:FurnitureFittingsToolsEquipment 2023-05-31 07632765 2022-06-01 2023-05-31 07632765 2023-05-31 07632765 core:RetainedEarningsAccumulatedLosses 2023-05-31 07632765 core:ShareCapital 2023-05-31 07632765 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 07632765 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 07632765 core:FurnitureFittingsToolsEquipment 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 07632765

C S Party Planning Limited



Filleted Unaudited Financial Statements

for the Year Ended 31 May 2024

 

C S Party Planning Limited

 

(Registration number: 07632765)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,113

1,113

Investment property

5

359,896

359,896

Investments in joint property syndicates

6

136,416

4,130

 

497,425

365,139

Current assets

 

Debtors

7

9,287

9,287

Cash at bank and in hand

 

1,517

2,319

 

10,804

11,606

Creditors: Amounts falling due within one year

8

(436,493)

(292,393)

Net current liabilities

 

(425,689)

(280,787)

Total assets less current liabilities

 

71,736

84,352

Creditors: Amounts falling due after more than one year

8

(20,626)

(30,571)

Provisions for liabilities

(3,681)

(3,681)

Net assets

 

47,429

50,100

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

30,413

33,084

Non-distributable reserve

 

17,015

17,015

Total equity

 

47,429

50,100

 

C S Party Planning Limited

 

(Registration number: 07632765)
Balance Sheet as at 31 May 2024

For the financial year ending 31 May 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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.

Approved and authorised by the Board on 20 January 2025 and signed on its behalf by:
 

.........................................
Mr J Schwartz
Director

 

C S Party Planning Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

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

The address of its registered office is:
2ND Floor - Parkgates
Bury New Road
Prestwich
Manchester
M25 0TL
England

These financial statements were authorised for issue by the Board on 20 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.

Investment in Joint Property Syndicates

Investments in syndicates are accounted for under the equity accounting method.

Going concern

The financial statements have been prepared on a going concern basis.

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 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.

 

C S Party Planning Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Tax

The tax expense for the period comprises 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.

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 & Machinery

25% Reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

 

C S Party Planning Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

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.

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.

3

Staff numbers

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

 

C S Party Planning Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

4,692

4,692

At 31 May 2024

4,692

4,692

Depreciation

At 1 June 2023

3,579

3,579

At 31 May 2024

3,579

3,579

Carrying amount

At 31 May 2024

1,113

1,113

At 31 May 2023

1,113

1,113

5

Investment properties

2024
£

At 1 June 23

359,896

At 31 May 24

359,896

The historical cost of the property is £339,200.

6

Investments in joint property syndicates

£

Capital as at 1 June 2023

4,130

Additions

124,250

Surplus/Deficit

10,036

Repayments

(2,000)

At 31 May 2024

136,416

 

C S Party Planning Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

7

Debtors

Current

2024
£

2023
£

Other debtors

9,287

9,287

 

9,287

9,287

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

2,622

Accruals and deferred income

810

2,652

Other creditors

435,683

287,119

436,493

292,393

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

20,626

30,571