Cheetah Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02038876 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Cheetah Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mrs N A Williams

B J Williams

SECRETARY:

B J Williams

REGISTERED OFFICE:

Manor Farm

Powder Mill Lane

Leigh

Tonbridge

Kent

TN11 9AS

REGISTERED NUMBER:

02038876 (England and Wales)

ACCOUNTANTS:

Amherst Accountancy

Room 2

1st Floor

7 Bligh's Walk

Sevenoaks

Kent

TN13 1DB

FIXED ASSETS

Investment property

4

350,000

350,000

CURRENT ASSETS

Debtors

5

2,090

138

Cash at bank

367,589

370,622

369,679

370,760

CREDITORS

Amounts falling due within one year

6

18,293

16,227

NET CURRENT ASSETS

351,386

354,533

TOTAL ASSETS LESS CURRENT LIABILITIES

701,386

704,533

PROVISIONS FOR LIABILITIES

1,900

1,900

NET ASSETS

699,486

702,633

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Fair value reserve

8

121,746

121,746

Retained earnings

8

576,740

579,887

SHAREHOLDERS' FUNDS

699,486

702,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2020 and were signed on its behalf by:

B J Williams - Director

1.	STATUTORY INFORMATION

Cheetah Properties 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

The turnover in the profit and loss account represents rentals receivable and other service

charges and income.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit

arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2019

and 31 March 2020

350,000

NET BOOK VALUE

At 31 March 2020

350,000

At 31 March 2019

350,000

Fair value at 31 March 2020 is represented by:

£

Valuation in 2014

340,000

Valuation in 2015

370,800

Valuation in 2019

(360,800

)

350,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

1,779

138

Other debtors

311

-

2,090

138

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

7

963

Taxation and social security

1,560

7,778

Other creditors

16,726

7,486

18,293

16,227

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

1,000

Ordinary

£1

1,000

1,000

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2019

579,887

121,746

701,633

Profit for the year

6,853

6,853

Dividends

(10,000

)

(10,000

)

At 31 March 2020

576,740

121,746

698,486

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 were paid to the directors .

At the balance sheet date, the company owed to its directors, Mr & Mrs Williams £4,289

(2019: £3,392). This loan is interest free and is repayable on demand.

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2020 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Amherst Accountancy

Room 2

1st Floor

7 Bligh's Walk

Sevenoaks

Kent

TN13 1DB

12 October 2020