C S P 35 LIMITED
C S P 35 LIMITED
Company No:
C S P 35 LIMITED
Unaudited Financial Statements
For the financial year ended 31 March 2022
Pages for filing with the registrar
For the financial year ended 31 March 2022
Pages for filing with the registrar
Unaudited Financial Statements
Contents
BALANCE SHEET
BALANCE SHEET (continued)
Note | 2022 | 2021 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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1,438,859 | 1,438,859 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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4,373 | 968 | |||
Creditors | ||||
Amounts falling due within one year | 5 | (
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Net current liabilities | (321,626) | (320,338) | ||
Total assets less current liabilities | 1,117,233 | 1,118,521 | ||
Creditors | ||||
Amounts falling due after more than one year | 6 | (
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Net liabilities | (
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account | (
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Total shareholders' deficit | (
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Directors' responsibilities:
-
The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476; -
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and -
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.
The financial statements of C S P 35 Limited (registered number:
Christopher Charles Stott
Director |
NOTES TO THE FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
1. Accounting policies
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
General information and basis of accounting
C S P 35 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.
The principle place of business is 13 Canford Cliffs Avenue, Poole, Dorset, BH14 9QN
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
Foreign currency
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Turnover
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Taxation
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Tangible fixed assets
Land and buildings | not depreciated |
Leasehold improvements | not depreciated |
Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Investment property
Statement of compliance
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 Section 1A and the Companies Act 2006.
Financial instruments
The company holds the following financial instruments:
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or
are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.
2. Employees
2022 | 2021 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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3. Tangible assets
Land and buildings | Leasehold improve- ments |
Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 April 2021 |
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At 31 March 2022 |
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Accumulated depreciation | |||||
At 01 April 2021 |
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At 31 March 2022 |
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Net book value | |||||
At 31 March 2022 |
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At 31 March 2021 |
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4. Debtors
2022 | 2021 | ||
£ | £ | ||
Other debtors |
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5. Creditors: amounts falling due within one year
2022 | 2021 | ||
£ | £ | ||
Other creditors |
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6. Creditors: amounts falling due after more than one year
2022 | 2021 | ||
£ | £ | ||
Bank loans |
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Other creditors |
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1,209,599 | 1,209,599 |