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Registered Number: 13659876
England and Wales

 

 

 

CONFIDENCE ESTATES LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 November 2023

End date: 31 October 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 189,653   
189,653   
Current assets      
Cash at bank and in hand 113    100 
Creditors: amount falling due within one year (67,348)  
Net current assets (67,235)   100 
 
Total assets less current liabilities 122,418    100 
Creditors: amount falling due after more than one year (129,124)  
Net assets (6,706)   100 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (6,806)  
Shareholders' funds (6,706)   100 
 


For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 26 August 2025 and were signed by:


-------------------------------
AKEJU Abdul-Lateef Adetokunbo
Director
1
General Information
CONFIDENCE ESTATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13659876, registration address 82 KINGSTON ROAD, IPSWICH SUFFOLK, IP1 4BQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Rental Income is recognised on an accrual basis. Rents receivable from tenants represents
rents and service charges receivable in the period.
Where a rent-free period is included in a lease, the rental income foregone is allocated evenly over the period of lease commencement to the earliest termination date.

Rental income from fixed and minimum guaranteed rent reviews is recognised on a straight-line basis over the shorter of the entire lease term or the period to the first break option. Where such rental income is recognised ahead of the related cash flows, an adjustment is made to ensure the carrying value of the related property including the accrued rent does not exceed the external valuation. Initial direct costs incurred in negotiating and arranging a new lease are amortised on a straight-line basis over the period from the date of lease commencement to the earliest termination date.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other
comprehensive income or directly in capital and reserves.
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively
enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 November 2023  
Additions 189,653    189,653 
Disposals  
At 31 October 2024 189,653    189,653 
Depreciation
At 01 November 2023  
Charge for year  
On disposals  
At 31 October 2024  
Net book values
Closing balance as at 31 October 2024 189,653    189,653 
Opening balance as at 01 November 2023  


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