COURTFIELD HOLDINGS LTD

Company Registration Number:
12513036 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

COURTFIELD HOLDINGS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

COURTFIELD HOLDINGS LTD

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The principal activity is residents property management.

Additional information

Results and Dividends The loss for the year after providing for depreciation and taxation amounted to £19,001 (2023: £36,052). Principal Risks and Uncertainties In common with many businesses, the company is faced with the risk of increasing competition in the marketplace. Directors In accordance with the Articles of Association, the directors are not required to retire by rotation. Directors and their interests The director who held office at the financial year end had no interests, other than those shown below, in the shares of the company.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Robert Argent
Thomas Brady


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
26 March 2025

And signed on behalf of the board by:
Name: Thomas Brady
Status: Director

COURTFIELD HOLDINGS LTD

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 51,850 48,313
Cost of sales: ( 15,527 ) ( 29,041 )
Gross profit(or loss): 36,323 19,272
Operating profit(or loss): 36,323 19,272
Interest payable and similar charges: ( 55,324 ) ( 55,324 )
Profit(or loss) before tax: (19,001) (36,052)
Profit(or loss) for the financial year: (19,001) (36,052)

COURTFIELD HOLDINGS LTD

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 1,698,825 1,698,825
Total fixed assets: 1,698,825 1,698,825
Current assets
Debtors: 4 1,648 1,000
Cash at bank and in hand: 4,181 8,744
Total current assets: 5,829 9,744
Creditors: amounts falling due within one year: 5 ( 629,559 ) ( 614,473 )
Net current assets (liabilities): (623,730) (604,729)
Total assets less current liabilities: 1,075,095 1,094,096
Creditors: amounts falling due after more than one year: 6 ( 1,229,419 ) ( 1,229,419 )
Total net assets (liabilities): (154,324) (135,323)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (154,424 ) (135,423 )
Total Shareholders' funds: ( 154,324 ) (135,323)

The notes form part of these financial statements

COURTFIELD HOLDINGS LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 26 March 2025
and signed on behalf of the board by:

Name: Thomas Brady
Status: Director

The notes form part of these financial statements

COURTFIELD HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Tumover Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

    Valuation information and policy

    Investment property Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property Is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is not available without undue cost or effort it shall be transferred to tangible assets and accounted for under the cost model until it is expected that fair value will be reliably measurable on an on-going basis.

    Other accounting policies

    Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. Going Concem The financial statements have been prepared on a going concern basis, as the company will continue in operational existence for the foreseeable future with the full financial support of the company director. Debtors and creditors Debtors and creditors with no stated Interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Other financial assets and liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective Interest method. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to changes in value. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Taxation The taxation expense represents the aggregate amount of current and deferred tax recognised In the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax Is recognised in respect of an timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 substantlvely enacted by the reporting date that are expected to apply to the reversal of the timing difference. Foreign currencies Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account. Impairment A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

COURTFIELD HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

COURTFIELD HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 1,698,825 1,698,825
Additions 0 0
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 31 March 2024 1,698,825 1,698,825
Depreciation
At 1 April 2023 0 0
Charge for year 0 0
On disposals 0 0
Other adjustments 0 0
At 31 March 2024 0 0
Net book value
At 31 March 2024 1,698,825 1,698,825
At 31 March 2023 1,698,825 1,698,825

COURTFIELD HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Other debtors 1,648 1,000
Total 1,648 1,000
Debtors due after more than one year: 0 0

COURTFIELD HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 4,459 4,473
Other creditors 625,100 610,000
Total 629,559 614,473

COURTFIELD HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 1,229,419 1,229,419
Total 1,229,419 1,229,419