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Company Registration No. 07453631 (England and Wales)
C&S Finance Limited Unaudited accounts for the year ended 30 November 2024
C&S Finance Limited Unaudited accounts Contents
Page
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C&S Finance Limited Company Information for the year ended 30 November 2024
Director
Mr S Kazolides
Company Number
07453631 (England and Wales)
Registered Office
4 Porchester Terrace London W2 3TL ENGLAND
Accountants
Infinity Accountants 27 Coniston Gardens Pinner Middlesex HA5 2JN
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C&S Finance Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
206 
275 
Investment property
1,287,752 
1,280,120 
1,287,958 
1,280,395 
Current assets
Debtors
4,231 
32,777 
Cash at bank and in hand
23,126 
995 
27,357 
33,772 
Creditors: amounts falling due within one year
(1,126,536)
(1,089,597)
Net current liabilities
(1,099,179)
(1,055,825)
Total assets less current liabilities
188,779 
224,570 
Creditors: amounts falling due after more than one year
(447,078)
(450,439)
Net liabilities
(258,299)
(225,869)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(258,399)
(225,969)
Shareholders' funds
(258,299)
(225,869)
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 August 2025 and were signed on its behalf by
Mr S Kazolides Director Company Registration No. 07453631
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C&S Finance Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
C&S Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 07453631. The registered office is 4 Porchester Terrace, London, W2 3TL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance Method
Investment property
Investment property, leasehold or freehold, is initially recorded at cost, which includes purchase price and directly attributable expenditure. In accordance with FRS102, investment properties whose fair value can be measures reliably without undue cost or efforts are measured at fair value at each reporting date and any changes in fair value are recognised in profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Going concern
As at the balance sheet date the company's current liabilities exceeded its current assets. The director, however, considers that the company has sufficient support from its creditors. The director has provided loans to the company and has confirmed that he will not recall the loan for repayment until the company is in position to do so. Therefore, the accounts are prepared on a going concern basis.
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C&S Finance Limited Notes to the Accounts for the year ended 30 November 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 December 2023
1,545 
At 30 November 2024
1,545 
Depreciation
At 1 December 2023
1,270 
Charge for the year
69 
At 30 November 2024
1,339 
Net book value
At 30 November 2024
206 
At 30 November 2023
275 
5
Investment property
2024 
£ 
Fair value at 1 December 2023
1,280,120 
Additions
7,632 
At 30 November 2024
1,287,752 
Investment properties have been valued by the director on an open market basis on 30 November 2024.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
231 
957 
Other debtors
4,000 
31,820 
4,231 
32,777 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
39,200 
39,200 
Trade creditors
7,632 
- 
Other creditors
715,586 
670,340 
Loans from directors
355,302 
377,302 
Accruals
2,280 
2,280 
Deferred income
6,536 
475 
1,126,536 
1,089,597 
Included in other creditors is an amount owed to Polystep Limited in the sum of £717,099 (2023: £671,852). The loan is payable on demand. C&S Finance Limited and Polystep Limited are connected by virtue of a common director.
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C&S Finance Limited Notes to the Accounts for the year ended 30 November 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
447,078 
450,439 
The bank loans totalling £486,278 (2023: £489,639) are secured by first legal charge over the leasehold investment properties, personal guarantees have been provided by the director for the amount of £825,000 and further guarantees have been provided by a company related to the director.
9
Transactions with related parties
Included in other creditors is an amount owed to Polystep Limited in the sum of £717,099 (2023: £671,852). The loan is payable on demand. C&S Finance Limited and Polystep Limited are connected by virtue of a common director.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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