Cokayne-Frith Land Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03544242 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

FOR

COKAYNE-FRITH LAND LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C J M Chitty

SECRETARY:

Mrs L F Chitty

REGISTERED OFFICE:

50 Seymour Street

London

W1H 7JG

REGISTERED NUMBER:

03544242 (England and Wales)

ACCOUNTANTS:

Fawcetts LLP

Chartered Accountants

Windover House

St. Ann Street

Salisbury

SP1 2DR

FIXED ASSETS

Investments

4

41,585

41,585

Investment property

5

2,125,000

2,410,001

2,166,585

2,451,586

CURRENT ASSETS

Debtors

6

400

6,710

Cash at bank

36,926

35,544

37,326

42,254

CREDITORS

Amounts falling due within one year

7

63,454

67,857

NET CURRENT LIABILITIES

(26,128

)

(25,603

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,140,457

2,425,983

CREDITORS

Amounts falling due after more than one year

8

(250,000

)

(250,000

)

PROVISIONS FOR LIABILITIES

(339,948

)

(387,239

)

NET ASSETS

1,550,509

1,788,744

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Fair value reserve

1,541,115

1,778,825

Retained earnings

8,394

8,919

SHAREHOLDERS' FUNDS

1,550,509

1,788,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 26 November 2019 and were signed by:

C J M Chitty - Director

1.	STATUTORY INFORMATION

Cokayne-Frith Land 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.

These financial statements have been prepared on a going concern basis and are presented in Sterling (£)

which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

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.

Debtors

Debtors are measured at their recoverable amount.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation resulting from a past

event that will probably result in the transfer of funds to a third party and the amount due to settle the

obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their

settlement amount after allowing for any trade discounts due.

Fair value reserve

This reserve is used to record gains in the fair value of investment properties and losses to the extent that such

a loss relates to a previous gain on the same asset. It is also used to record the corresponding deferred tax

(charge)/credit on fair value changes in investment property.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2018

and 30 April 2019

41,585

NET BOOK VALUE

At 30 April 2019

41,585

At 30 April 2018

41,585

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2018

2,410,001

Revaluations

(285,001

)

At 30 April 2019

2,125,000

NET BOOK VALUE

At 30 April 2019

2,125,000

At 30 April 2018

2,410,001

Fair value at 30 April 2019 is represented by:

£

Valuation in 2019

2,125,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

400

6,710

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

16,766

25,144

Other creditors

46,688

42,713

63,454

67,857

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

250,000

250,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1,000

Ordinary

1

1,000

1,000

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £22,502 (2018 - £17,502) to the director.