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Company No: 12036563 (England and Wales)

C&D PROPERTY PORTFOLIO LIMITED

Unaudited Financial Statements
For the financial period from 01 December 2022 to 31 March 2024
Pages for filing with the registrar

C&D PROPERTY PORTFOLIO LIMITED

Unaudited Financial Statements

For the financial period from 01 December 2022 to 31 March 2024

Contents

C&D PROPERTY PORTFOLIO LIMITED

COMPANY INFORMATION

For the financial period from 01 December 2022 to 31 March 2024
C&D PROPERTY PORTFOLIO LIMITED

COMPANY INFORMATION (continued)

For the financial period from 01 December 2022 to 31 March 2024
DIRECTORS Clive David Morris
Deborah Julia Morris
REGISTERED OFFICE Ruffins House Brookes Corner
Chevington
Bury St. Edmunds
IP29 5RQ
United Kingdom
COMPANY NUMBER 12036563 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
C&D PROPERTY PORTFOLIO LIMITED

BALANCE SHEET

As at 31 March 2024
C&D PROPERTY PORTFOLIO LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 31.03.2024
£
Fixed assets
Tangible assets 5 3,301,019
3,301,019
Current assets
Debtors
- due within one year 6 ( 100,311)
- due after more than one year 6 82,655
Cash at bank and in hand 17,769
113
Creditors: amounts falling due within one year 7 ( 138,127)
Net current liabilities (138,014)
Total assets less current liabilities 3,163,005
Creditors: amounts falling due after more than one year 8 ( 1,411,250)
Net assets 1,751,755
Capital and reserves
Called-up share capital 9 200
Share premium account 1,815,800
Profit and loss account ( 64,245 )
Total shareholders' funds 1,751,755

For the financial period ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of C&D Property Portfolio Limited (registered number: 12036563) were approved and authorised for issue by the Board of Directors on 20 February 2025. They were signed on its behalf by:

Clive David Morris
Director
C&D PROPERTY PORTFOLIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 December 2022 to 31 March 2024
C&D PROPERTY PORTFOLIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 December 2022 to 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

C&D Property Portfolio 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 Ruffins House Brookes Corner, Chevington, Bury St. Edmunds, IP29 5RQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Going concern

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.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

Period from
01.12.2022 to
31.03.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 2

4. Dividends on equity shares

5. Tangible assets

Investment property Total
£ £
Cost
At 01 December 2022 0 0
Additions 3,301,019 3,301,019
At 31 March 2024 3,301,019 3,301,019
Accumulated depreciation
At 01 December 2022 0 0
At 31 March 2024 0 0
Net book value
At 31 March 2024 3,301,019 3,301,019

6. Debtors

31.03.2024
£
Debtors: amounts falling due within one year
Amounts owed by related parties ( 100,311)
Debtors: amounts falling due after more than one year
Amounts owed by Group undertakings 82,655

7. Creditors: amounts falling due within one year

31.03.2024
£
Bank loans 33,000
Trade creditors 103,477
Other creditors 1,650
138,127

8. Creditors: amounts falling due after more than one year

31.03.2024
£
Bank loans 1,411,250

Handelsbanken PLC have 12 charges registered over the company's freehold properties of 25 Suffolk Road CO10 1UN, 13 St Catherines Road CO10 9JU, 11 St Catherines Road CO10 9JU, 28 St Catherines Road CO10 9JU, 2 Ark Cottages, 27 Betty Crocker Grove CO10 2PL, 22 Betty Crocker Grove CO10 2PL, 46 Betty Crocker Grove CO10 2PL, 53 Betty Crocker Grove CO10 2PL, 35 Gaol lane CO10 9JJ, 33 Richard Burn Way CO10 1SY and all present and future estates or interests in any freehold. The secured creditors are £1,444,250.

9. Called-up share capital

31.03.2024
£
Allotted, called-up and fully-paid
200 Ordinary shares of £ 1.00 each 200