Cubetown (Stockport) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12880159

Cubetown (Stockport) Ltd

Filleted Unaudited Financial Statements

For the year ended

30 September 2024

Cubetown (Stockport) Ltd

Statement of Financial Position

30 September 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	350,000	350,000
Investments	6	–	100
		---------	---------
		350,000	350,100

Current assets

Debtors	7	788	92,863
Cash at bank and in hand		210,907	162,553
		---------	---------
		211,695	255,416

Creditors: amounts falling due within one year	8	21,119	12,431
		---------	---------
Net current assets		190,576	242,985
		---------	---------
Total assets less current liabilities		540,576	593,085
		---------	---------
Net assets		540,576	593,085
		---------	---------

Capital and reserves

Called up share capital	200	200
Profit and loss account	540,376	592,885
	---------	---------
Shareholder funds	540,576	593,085
	---------	---------

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.

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Cubetown (Stockport) Ltd

Statement of Financial Position (continued)

30 September 2024

These financial statements were approved by the board of directors and authorised for issue on 15 September 2025 , and are signed on behalf of the board by:

D M Duddy
Director

Company registration number: 12880159

Cubetown (Stockport) Ltd

Notes to the Financial Statements

Year ended 30 September 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 Hyde House, The Hyde, Edgware Road, London, NW9 6LA.

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.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rents.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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.

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.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tangible assets

	Freehold property
	£
Cost
At 1 October 2023 and 30 September 2024	350,000
	---------
Depreciation
At 1 October 2023 and 30 September 2024	–
	---------
Carrying amount
At 30 September 2024	350,000
	---------
At 30 September 2023	350,000
	---------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 October 2023	100
Disposals	( 100)
	----
At 30 September 2024	–
	----
Impairment
At 1 October 2023 and 30 September 2024	–
	----

Carrying amount
At 30 September 2024	–
	----
At 30 September 2023	100
	----

Subsidiaries, associates and other investments

	Class of share	Percentage of shares held
Subsidiary undertakings
May Business Estates Ltd	Ordinary	100

The results and capital and reserves for the year are as follows:

	Capital and reserves		Profit/(loss) for the year
	2024	2023	2024	2023
	£	£	£	£
Subsidiary undertakings
May Business Estates Ltd	–	(77,447)	–	(3,073)
	----	--------	----	-------

7. Debtors

	2024	2023
	£	£
Trade debtors	( 298)	378
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	90,678
Other debtors	1,086	1,807
	-------	--------
	788	92,863
	-------	--------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	–	933
Corporation tax	9,571	–
Other creditors	11,548	11,498
	--------	--------
	21,119	12,431
	--------	--------

9. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
D M Duddy	249	–	249
	----	----	----

	2023
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
D M Duddy	668	( 419)	249
	----	----	----