2 2 April 2025 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,400,811 4,400,811 4,400,811 xbrli:pure xbrli:shares iso4217:GBP 06399371 2023-08-01 2024-07-31 06399371 2024-07-31 06399371 2023-07-31 06399371 2022-08-01 2023-07-31 06399371 2023-07-31 06399371 2022-07-31 06399371 bus:Director1 2023-08-01 2024-07-31 06399371 core:AfterOneYear 2024-07-31 06399371 core:AfterOneYear 2023-07-31 06399371 core:WithinOneYear 2024-07-31 06399371 core:WithinOneYear 2023-07-31 06399371 core:UKTax 2023-08-01 2024-07-31 06399371 core:UKTax 2022-08-01 2023-07-31 06399371 core:ShareCapital 2024-07-31 06399371 core:ShareCapital 2023-07-31 06399371 core:RevaluationReserve 2024-07-31 06399371 core:RevaluationReserve 2023-07-31 06399371 core:RetainedEarningsAccumulatedLosses 2024-07-31 06399371 core:RetainedEarningsAccumulatedLosses 2023-07-31 06399371 core:LandBuildings 2024-07-31 06399371 core:LandBuildings 2023-07-31 06399371 bus:SmallEntities 2023-08-01 2024-07-31 06399371 bus:Audited 2023-08-01 2024-07-31 06399371 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 06399371 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06399371 bus:FullAccounts 2023-08-01 2024-07-31 06399371 core:AllAssociates 2023-08-01 2024-07-31 06399371 1 2023-08-01 2024-07-31
COMPANY REGISTRATION NUMBER: 06399371
C & S (Walthamstow) Investments Ltd
Filleted Financial Statements
31 July 2024
C & S (Walthamstow) Investments Ltd
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
4,400,811
4,400,811
Current assets
Debtors
7
449,552
Cash at bank and in hand
112,471
230,012
---------
---------
112,471
679,564
Creditors: amounts falling due within one year
8
125,390
75,175
---------
---------
Net current (liabilities)/assets
( 12,919)
604,389
------------
------------
Total assets less current liabilities
4,387,892
5,005,200
Creditors: amounts falling due after more than one year
9
905,636
1,775,636
Provisions
Taxation including deferred tax
93,750
93,750
------------
------------
Net assets
3,388,506
3,135,814
------------
------------
Capital and reserves
Called up share capital
1
1
Revaluation reserve
375,000
375,000
Profit and loss account
3,013,505
2,760,813
------------
------------
Shareholders funds
3,388,506
3,135,814
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
C & S (Walthamstow) Investments Ltd
Statement of Financial Position (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 2 April 2025 , and are signed on behalf of the board by:
Mr MS Sumal
Director
Company registration number: 06399371
C & S (Walthamstow) Investments Ltd
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 151 Blackhorse Lane, London, E17 5QU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. 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 concern
At the time of approvaing the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rental income,stated net of Value Added Tax.
Income tax
Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 provided in respect of the revaluation of investment properties where it is material.
Tangible assets
Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded 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 no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Impairment of fixed assets
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. For the purposes of impairment testing, 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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities .
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tax on profit
Major components of tax expense
2024
2023
£
£
Current tax:
UK current tax expense
84,231
68,532
--------
--------
Tax on profit
84,231
68,532
--------
--------
6. Tangible assets
Land and buildings
£
Cost
At 1 August 2023 and 31 July 2024
4,400,811
------------
Depreciation
At 1 August 2023 and 31 July 2024
------------
Carrying amount
At 31 July 2024
4,400,811
------------
At 31 July 2023
4,400,811
------------
The directors' have the relevant experience in carrying out the open market valauation of investment properties involved
Tangible assets held at valuation
Investment properties The directors have assessed the fair value of each property within the portfolio, based upon local knowledge and advice of potential resale values from its property advisors. The increase in the valuation of £- (2023:£-) has been included in the profit and loss account.
7. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
400,000
Other debtors
49,552
----
---------
449,552
----
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
84,067
68,402
Social security and other taxes
7,050
Other creditors
34,273
6,773
---------
--------
125,390
75,175
---------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
905,636
1,775,636
---------
------------
10. Summary audit opinion
The auditor's report dated 2 April 2025 was unqualified .
The senior statutory auditor was Mr Shenol Moustafa FCA , for and on behalf of Hurshens Limited .
11. Related party transactions
The company has taken advantage of not disclosing related party transactions where there in 100% ownership between companies. The company has made a loan to a related company of £- (2023:£400,000). This is repayable on demand.
12. Controlling party
The company's ultimate holding company is C&S Builders Merchants (Stamford Hill) Limited who is registered office is 151 Blackhorse Lane, E17 5QU .