C S G Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07584248 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

C S G Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G J Bennett

Mrs E M Bennett

REGISTERED OFFICE:

115 Chester Road

Sunderland

Tyne and Wear

SR4 7HG

REGISTERED NUMBER:

07584248 (England and Wales)

ACCOUNTANTS:

Michael Adamson & Co

Chartered Certified Acc'ts

115 Chester Road

Sunderland

SR4 7HG

FIXED ASSETS

Tangible assets

4

152,967

152,967

CURRENT ASSETS

Debtors

5

195,532

-

Cash at bank

3,458

11,392

198,990

11,392

CREDITORS

Amounts falling due within one year

6

41,754

7,455

NET CURRENT ASSETS

157,236

3,937

TOTAL ASSETS LESS CURRENT LIABILITIES

310,203

156,904

CREDITORS

Amounts falling due after more than one year

7

170,879

-

NET ASSETS

139,324

156,904

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

139,321

156,901

139,324

156,904

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 19 December 2020 and were signed on its behalf by:

G J Bennett - Director

Mrs E M Bennett - Director

1.	STATUTORY INFORMATION

C S G 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

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 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2019

and 31 March 2020

152,967

NET BOOK VALUE

At 31 March 2020

152,967

At 31 March 2019

152,967

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Directors' current accounts

162,288

-

Tax

33,244

-

195,532

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans and overdrafts

5,982

-

Trade creditors

1

1

Tax

33,243

4,303

Directors' current accounts

-

1,547

Accrued expenses

2,528

1,604

41,754

7,455

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans more 5 yr by instal

170,879

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

170,879

-

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2020 and 31 March 2019:

31.3.20

31.3.19

£

£

S N Thompson

Balance outstanding at start of year

849

849

Amounts repaid

(849

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

849

C Stevens

Balance outstanding at start of year

349

349

Amounts repaid

(349

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

349

G Winyard

Balance outstanding at start of year

349

349

Amounts repaid

(349

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

349

G J Bennett

Balance outstanding at start of year

-

-

Amounts advanced

162,288

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

162,288

-

The loans to the director are interest free and repayable on demand