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REGISTERED NUMBER: 04478052 (England and Wales)







Abridged Financial Statements for the Year Ended 31st July 2024

for

County Properties (GB) Limited

County Properties (GB) Limited (Registered number: 04478052)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


County Properties (GB) Limited

Company Information
for the Year Ended 31st July 2024







DIRECTOR: N J Newman





REGISTERED OFFICE: 158 Holt Heath
Worcester
WR6 6WP





REGISTERED NUMBER: 04478052 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

County Properties (GB) Limited (Registered number: 04478052)

Abridged Balance Sheet
31st July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,974 5,300
Investments 5 58,409 43,406
Investment property 6 2,468,469 2,469,344
2,530,852 2,518,050

CURRENT ASSETS
Stocks 10,000 24,900
Debtors 25,516 25,923
Cash at bank 71,035 118,528
106,551 169,351
CREDITORS
Amounts falling due within one year 31,851 74,138
NET CURRENT ASSETS 74,700 95,213
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,605,552

2,613,263

CREDITORS
Amounts falling due after more than one
year

7

(27,000

)

(85,977

)

PROVISIONS FOR LIABILITIES (235,630 ) (239,067 )
NET ASSETS 2,342,922 2,288,219

CAPITAL AND RESERVES
Called up share capital 1 1
Non-distributable reserve 9 1,001,298 1,014,879
Retained earnings 1,341,623 1,273,339
SHAREHOLDERS' FUNDS 2,342,922 2,288,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

County Properties (GB) Limited (Registered number: 04478052)

Abridged Balance Sheet - continued
31st July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11th April 2025 and were signed by:





N J Newman - Director


County Properties (GB) Limited (Registered number: 04478052)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

County Properties (GB) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

County Properties (GB) Limited (Registered number: 04478052)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st August 2023
and 31st July 2024 49,563
DEPRECIATION
At 1st August 2023 44,263
Charge for year 1,326
At 31st July 2024 45,589
NET BOOK VALUE
At 31st July 2024 3,974
At 31st July 2023 5,300

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1st August 2023 43,406
Revaluations 15,003
At 31st July 2024 58,409
NET BOOK VALUE
At 31st July 2024 58,409
At 31st July 2023 43,406

Cost or valuation at 31st July 2024 is represented by:
Totals
£   
Valuation in 2017 (10,108 )
Valuation in 2018 (901 )
Valuation in 2019 (8,061 )
Valuation in 2020 (23,687 )
Valuation in 2021 18,580
Valuation in 2022 4,204
Valuation in 2023 (2,218 )
Valuation in 2024 15,003
Cost 65,597
58,409

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 65,597 65,597

Fixed asset investments were valued on an open market basis on 31st July 2024 by Hargreaves Lansdowne .

County Properties (GB) Limited (Registered number: 04478052)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2023 2,469,344
Additions 79,125
Disposals (63,233 )
Revaluations (16,767 )
At 31st July 2024 2,468,469
NET BOOK VALUE
At 31st July 2024 2,468,469
At 31st July 2023 2,469,344

Fair value at 31st July 2024 is represented by:
£   
Valuation in 2016 285,056
Valuation in 2017 179,000
Valuation in 2018 15,000
Valuation in 2020 188,058
Valuation in 2021 356,787
Valuation in 2022 529,922
Valuation in 2023 (300,874 )
Valuation in 2024 (16,767 )
Cost 1,232,287
2,468,469

If Investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,232,287 1,212,051

Investment property was valued on an open market basis on 31st July 2024 by the Director .

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 27,000 85,977

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 27,000 85,977
Hire purchase contracts - 2,853
27,000 88,830

The bank loans included within the accounts are secured against the Investment Properties included on the Balance Sheet.

County Properties (GB) Limited (Registered number: 04478052)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

9. RESERVES
Non-distributable
reserve
£   
At 1st August 2023 1,014,879
Investment property revaluation (13,581 )

At 31st July 2024 1,001,298