C&B PROPERTIES LIMITED | |
UNAUDITED FINANCIAL STATEMENTS | |
FOR THE YEAR ENDED 28 APRIL 2024 | |
Company registered number: |
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ABRIDGED STATEMENT OF FINANCIAL POSITION AT |
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Note | 2024 | 2023 | |||
£ | £ | £ | |||
FIXED ASSETS | |||||
Investment property, plant and equipment | 3 | ||||
CURRENT ASSETS | |||||
Debtors | 4 | ||||
Cash at bank and in hand | |||||
CREDITORS: Amounts falling due within one year | 5 | ||||
NET CURRENT ASSETS | |||||
TOTAL ASSETS LESS CURRENT LIABILITIES | |||||
PROVISIONS FOR LIABILITIES | 6 | ( |
( |
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NET ASSETS | £ |
£ |
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CAPITAL AND RESERVES | |||||
Called up share capital | |||||
Retained earnings | |||||
SHAREHOLDERS' FUNDS | £ |
£ |
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page 1 | |
Company registered number: |
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ABRIDGED STATEMENT OF FINANCIAL POSITION AT |
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In approving these financial statements as directors of the company we hereby confirm the following: | |||
All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 28 April 2024 in accordance with Section 444 (2A) of the Companies Act 2006 | |||
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered |
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The financial statements were approved and authorised for issue by the board of directors on |
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Signed on behalf of the board of directors | |||
page 2 | |
C&B PROPERTIES LIMITED | |||
NOTES TO THE ACCOUNTS | |||
FOR THE YEAR ENDED 28 APRIL 2024 |
1. | SIGNIFICANT ACCOUNTING POLICIES | ||
1a. | Statement of compliance | |||
C&B Properties Limited is a private company limited by shares incorporated in |
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Registered office: | ||||
1b. | Basis of accounting | |||
1c. | Revenue recognition | |||
1d. | Taxation | |||
1e. | Investment property | ||
and loss account accumulated in the profit and loss reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. |
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1f. | Property, plant and equipment | ||
Furniture, fixtures and equipment |
page 3 | |
C&B PROPERTIES LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 28 APRIL 2024 |
2. | DIRECTORS AND EMPLOYEES | ||
The average weekly number of employees during the year were as follows: | |||
2024 | 2023 | ||
No. | No. | ||
Persons employed, including directors | |||
3. | PROPERTY, PLANT AND EQUIPMENT | |||||
Furniture, | ||||||
Property | Legal | Investment | Fixtures & | |||
Improvements | Fees | Properties | Equipment | Total | ||
£ | £ | £ | £ | £ | ||
Cost | ||||||
At 30 April 2023 | ||||||
Fair value gain on investment properties | ||||||
Additions other than through business combinations | ||||||
At 28 April 2024 | ||||||
Depreciation | ||||||
At 30 April 2023 | ||||||
For the year | ||||||
At 28 April 2024 | ||||||
Net Book Amounts | ||||||
At 28 April 2024 | £ |
£ |
£ |
£ |
£ |
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At 29 April 2023 | £ |
£ |
£ |
£ |
£ |
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The investment properties were remeasured to fair value at the year end date by MB Dowling, the company director. | ||||||
4. | DEBTORS | 2024 | 2023 |
£ | £ | ||
Trade debtors | |||
Other debtors | |||
£ |
£ |
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page 4 | |
C&B PROPERTIES LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 28 APRIL 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
2024 | 2023 | ||
£ | £ | ||
Debenture loans | 10,563 | - | |
Corporation tax | |||
Other taxes and social security | |||
Other creditors | |||
£ |
£ |
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6. | PROVISIONS FOR LIABILITIES | |
Deferred tax | ||
£ | ||
At 30 April 2023 | ( |
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Additions during the year | ( |
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At 28 April 2024 | ||
7. | RELATED PARTY TRANSACTIONS | ||
As at 28 April 2024 the company was owed £197,541 (2022 £197,541) by DW Apartments Limited, a company in which MB Dowling is a shareholder and director. | |||
As at 28 April 2024 the company owed MB Dowling, a director the sum of £909,765 (2022 £938,389) | |||
Both of these loans are repayable on demand and interest-free. | |||
page 5 |