C S G Properties Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 07584248 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

C S G Properties Limited

Page

Company Information

1

Income Statement

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

C Stevens

S N Thompson

G Winyard

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

TURNOVER

-

-

Administrative expenses

2,062

5,826

(2,062

)

(5,826

)

Other operating income

37,200

37,200

OPERATING PROFIT

35,138

31,374

Interest payable and similar expenses

858

1,191

PROFIT BEFORE TAXATION

34,280

30,183

Tax on profit

6,856

6,037

PROFIT FOR THE FINANCIAL YEAR

27,424

24,146

FIXED ASSETS

Tangible assets

3

152,967

152,967

CURRENT ASSETS

Cash at bank

7,228

3,299

CREDITORS

Amounts falling due within one year

4

30,051

38,678

NET CURRENT LIABILITIES

(22,823

)

(35,379

)

TOTAL ASSETS LESS CURRENT LIABILITIES

130,144

117,588

CREDITORS

Amounts falling due after more than one year

5

4,746

19,614

NET ASSETS

125,398

97,974

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

125,395

97,971

SHAREHOLDERS' FUNDS

125,398

97,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5 June 2017 and were signed on its behalf by:

S N Thompson - Director

C Stevens - Director

G Winyard - 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 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.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2016

and 31 March 2017

152,967

NET BOOK VALUE

At 31 March 2017

152,967

At 31 March 2016

152,967

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

12,965

10,905

Trade creditors

973

-

Taxation and social security

6,856

6,036

Other creditors

9,257

21,737

30,051

38,678

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans

4,746

19,614

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.17

31.3.16

£

£

Bank loans

17,711

30,519

The bank loan is secured by a legal mortgage over the property at 18 Norfolk Street, Sunderland.