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REGISTERED NUMBER: 05137867 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

CCVB LIMITED

CCVB LIMITED (REGISTERED NUMBER: 05137867)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CCVB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: M D Connor
M A J Van Der Bas





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA





BUSINESS ADDRESS: 107 South Croxted Road
London
SE21 8AX





REGISTERED NUMBER: 05137867 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

CCVB LIMITED (REGISTERED NUMBER: 05137867)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 5 4,504,999 3,845,999

CURRENT ASSETS
Debtors 6 48,144 47,285
Cash at bank 19,305 18,341
67,449 65,626
CREDITORS
Amounts falling due within one year 7 (1,786 ) (2,459 )
NET CURRENT ASSETS 65,663 63,167
TOTAL ASSETS LESS CURRENT LIABILITIES 4,570,662 3,909,166

CREDITORS
Amounts falling due after more than one year 8 (2,351,960 ) (2,351,960 )

PROVISIONS FOR LIABILITIES 10 (165,000 ) -
NET ASSETS 2,053,702 1,557,206

CAPITAL AND RESERVES
Called up share capital 11 1,828,893 1,828,893
Revaluation reserve 12 659,000 -
Capital redemption reserve 300,000 300,000
Retained earnings (734,191 ) (571,687 )
SHAREHOLDERS' FUNDS 2,053,702 1,557,206

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

CCVB LIMITED (REGISTERED NUMBER: 05137867)

BALANCE SHEET - continued
31 MAY 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by:





M D Connor - Director


CCVB LIMITED (REGISTERED NUMBER: 05137867)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

CCVB 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rent receivable in respect of investment properties owned by the company. The company is not VAT registered.

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
Investment properties were valued at their fair value by the director Mr M D Connor. Although Mr M D Connor is not a professionally qualified valuer, he does have considerable experience in the location and class of investment property being revalued.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


CCVB LIMITED (REGISTERED NUMBER: 05137867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 3,845,999
Revaluations 659,000
At 31 May 2024 4,504,999
NET BOOK VALUE
At 31 May 2024 4,504,999
At 31 May 2023 3,845,999

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2023 3,845,999
Valuation in 2024 659,000
4,504,999

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

2024 2023
£    £   
Cost 3,845,999 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 48,144 47,285

CCVB LIMITED (REGISTERED NUMBER: 05137867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 586 1,259
Other creditors 1,200 1,200
1,786 2,459

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 2,351,960 2,351,960

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Secured mortgages 2,351,960 2,351,960

The mortgages are secured against the Investment Properties owned by The Company.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 165,000 -

Deferred
tax
£   
Provided during year 165,000
Balance at 31 May 2024 165,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,893 Ordinary £1 1,893 1,893
1,827 Ordinary £1000 £1000 1,827,000 1,827,000
1,828,893 1,828,893

CCVB LIMITED (REGISTERED NUMBER: 05137867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

12. RESERVES
Revaluation
reserve
£   
Current year revaluation 659,000

At 31 May 2024 659,000

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
M D Connor
Balance outstanding at start of year 38,184 37,421
Amounts advanced 859 763
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,043 38,184

14. ULTIMATE CONTROLLING PARTY

The Company is under the joint control of the directors.