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REGISTERED NUMBER: 12260532 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2024

for

CSCL PROPERTIES LIMITED

CSCL PROPERTIES LIMITED (REGISTERED NUMBER: 12260532)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CSCL PROPERTIES LIMITED

Company Information
for the Year Ended 31st October 2024







DIRECTORS: Mrs M Randall
Mr C Randall





REGISTERED OFFICE: 41 St Thomas's Road
Chorley
Lancashire
PR7 1JE





REGISTERED NUMBER: 12260532 (England and Wales)





ACCOUNTANTS: BK Plus - Chorley
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

CSCL PROPERTIES LIMITED (REGISTERED NUMBER: 12260532)

Balance Sheet
31st October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 192,729 192,729

CURRENT ASSETS
Debtors 5 285 306
Cash at bank 5,133 1,895
5,418 2,201
CREDITORS
Amounts falling due within one year 6 49,183 48,716
NET CURRENT LIABILITIES (43,765 ) (46,515 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,964

146,214

CREDITORS
Amounts falling due after more than one
year

7

137,726

137,726
NET ASSETS 11,238 8,488

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,138 8,388
11,238 8,488

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

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

The directors acknowledge their 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.

CSCL PROPERTIES LIMITED (REGISTERED NUMBER: 12260532)

Balance Sheet - continued
31st October 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 9th April 2025 and were signed on its behalf by:





Mr C Randall - Director


CSCL PROPERTIES LIMITED (REGISTERED NUMBER: 12260532)

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

1. STATUTORY INFORMATION

CSCL Properties 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.

Revenue
Revenue is derived from investment property management services, net of value added tax. Revenue is recognised as it falls due based upon property occupancy.

Investment property
Investment properties are properties held to earn rentals, they are initially measured at cost, including transaction costs. Subsequently they are then measured at fair value on an open market basis. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value are included in the Statement of Income and Retained Earnings in the period in which they arise.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

CSCL PROPERTIES LIMITED (REGISTERED NUMBER: 12260532)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2023
and 31st October 2024 192,729
NET BOOK VALUE
At 31st October 2024 192,729
At 31st October 2023 192,729

The directors consider the original cost to fairly represent the investment property value at the balance sheet date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Prepayments and accrued income 285 306

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 40 61
Tax 644 676
Directors' current accounts 47,659 47,169
Accruals and deferred income 840 810
49,183 48,716

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans more 5 yrs non-inst 137,726 137,726

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 137,726 137,726

CSCL PROPERTIES LIMITED (REGISTERED NUMBER: 12260532)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 137,726 137,726

The bank loan is secured by way of a charge over property at 3 Trojan Gardens, Salford, M7 2JP.

9. RELATED PARTY DISCLOSURES

At 31 October 2024, the company owed £47,659 (2023 : £47,169 ) to its directors. No interest has been charged to the company in respect of this loan. While there is no formal repayment date, the directors will not request repayment until company performance can support it.

10. ULTIMATE CONTROLLING PARTY

Throughout the account period, Mr C & Mrs M Randall have controlled the company by virtue of their 100% holding of the issued ordinary share capital.