Courtesy World Properties Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05196807

Courtesy World Properties Ltd

Filleted Unaudited Financial Statements

31 December 2024

Courtesy World Properties Ltd

Financial Statements

Year ended 31 December 2024

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

Courtesy World Properties Ltd

Officers and Professional Advisers

Director	Mrs N Jafferali

Registered office	c/o Rose, Chartered Accountants
	92a Bury Old Road
	Whitefield
	Manchester
	M45 6TQ

Accountants	Rose, Chartered Accountants

	92a Bury Old Road
	Whitefield
	Manchester
	M45 6TQ

Company number 05196807

Courtesy World Properties Ltd

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Investments	4		112,854	112,854

Current assets

Debtors	5	1,688	1,688
Cash at bank and in hand		4,899	7,692
		-------	-------
		6,587	9,380

Creditors: amounts falling due within one year	6	25,400		28,263
		--------		--------
Net current liabilities			18,813	18,883
			---------	---------
Total assets less current liabilities			94,041	93,971

Creditors: amounts falling due after more than one year	7	83,446	83,212
		--------	--------
Net assets		10,595	10,759
		--------	--------

Capital and reserves

Called up share capital	5	5
Profit and loss account	10,590	10,754
	--------	--------
Shareholder funds	10,595	10,759
	--------	--------

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 31 December 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Courtesy World Properties Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mrs N Jafferali
Director

Company registration number: 05196807

Courtesy World Properties Ltd

Notes to the Financial Statements

Year ended 31 December 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 c/o Rose, Chartered Accountants, 92a Bury Old Road, Whitefield, Manchester, M45 6TQ.

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 company is being supported by Courtesy World Limited which is also controlled by the director of this company. The loan provided by Courtesy World Limited would not be called back in the foreseeable future, therefore the director considers it appropriate to prepare the financial statements on the going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover represents rents receivable from properties net of VAT.

Income tax

No provision is to be made for deferred tax on gains recognised on revaluing property to its market value as the company does not intend to sell the revalued assets.

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.

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. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Investments

	Investment properties
	£
Cost
At 1 January 2024 and 31 December 2024	112,854
	---------
Impairment
At 1 January 2024 and 31 December 2024	–
	---------

Carrying amount
At 31 December 2024	112,854
	---------
At 31 December 2023	112,854
	---------

In the opinion of the director the market value of the investment properties at the year end does not materially differ from the carrying value.

5. Debtors

	2024	2023
	£	£
Trade debtors	985	985
Other debtors	703	703
	-------	-------
	1,688	1,688
	-------	-------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	5,546	5,767
Other creditors	19,854	22,496
	--------	--------
	25,400	28,263
	--------	--------

The loan is secured by fixed charges over the investment properties of the company.

7. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	83,446	83,212
	--------	--------

Included within creditors: amounts falling due after more than one year is an amount of £61,265 (2023: £60,143) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The loan is secured by fixed charges over the investment properties of the company.