Company Registration No. 11758831 (England and Wales)
Cerc Properties Limited
Unaudited accounts
for the period from 10 January 2019 to 30 June 2020
Cerc Properties Limited
Unaudited accounts
Contents
Cerc Properties Limited
Company Information
for the period from 10 January 2019 to 30 June 2020
Directors
D I Carp
S J Earp
G J Chaffey
M J Richards
Company Number
11758831 (England and Wales)
Registered Office
FROST STREET FARMHOUSE
THURLBEAR
TAUNTON
TA3 5BA
UNITED KINGDOM
Cerc Properties Limited
Statement of financial position
as at 30 June 2020
Investment property
663,711
Cash at bank and in hand
6,031
Creditors: amounts falling due within one year
(625,898)
Net current liabilities
(619,867)
Total assets less current liabilities
50,478
Creditors: amounts falling due after more than one year
(50,000)
Called up share capital
21
Profit and loss account
457
For the period ending 30 June 2020 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 directors acknowledge their 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 of Directors and authorised for issue on 23 December 2020 and were signed on its behalf by
G J Chaffey
Director
Company Registration No. 11758831
Cerc Properties Limited
Notes to the Accounts
for the period from 10 January 2019 to 30 June 2020
Cerc Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11758831. The registered office is FROST STREET FARMHOUSE, THURLBEAR, TAUNTON, TA3 5BA, UNITED KINGDOM.
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.
These financial statements for the period from 10 January 2019 to 30 June 2020 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 10 January 2019.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
20% p.a. straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Cerc Properties Limited
Notes to the Accounts
for the period from 10 January 2019 to 30 June 2020
4
Tangible fixed assets
Fixtures & fittings
6
Creditors: amounts falling due within one year
2020
Loans from directors
439,979
7
Creditors: amounts falling due after more than one year
2020
Aggregate of amounts that fall due for payment after five years
10,000
8
Average number of employees
During the period the average number of employees was 0.
