Conti Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09761023 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2019

FOR

CONTI PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

5

DIRECTORS:

M J Conti

D M Rogers

SECRETARY:

D M Rogers

REGISTERED OFFICE:

44 Egremont Place

Brighton

East Sussex

BN2 0GB

REGISTERED NUMBER:

09761023 (England and Wales)

ACCOUNTANTS:

JS&CO LLP

3rd Floor, Hanover House

118 Queens Road

Brighton

East Sussex

BN1 3XG

FIXED ASSETS

Tangible assets

3

1,913

2,550

Investment property

4

363,063

363,063

364,976

365,613

CURRENT ASSETS

Debtors

5

2,138

72

Cash at bank

5,574

4,362

7,712

4,434

CREDITORS

Amounts falling due within one year

6

(369,820

)

(369,454

)

NET CURRENT LIABILITIES

(362,108

)

(365,020

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,868

593

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,866

591

2,868

593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2019 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 on 30th January 2020 and were signed on its behalf by:

D M Rogers - Director

1.	STATUTORY INFORMATION

Conti 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.

Turnover

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

value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

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.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st January 2019

and 31st December 2019

2,925

DEPRECIATION

At 1st January 2019

375

Charge for year

637

At 31st December 2019

1,012

NET BOOK VALUE

At 31st December 2019

1,913

At 31st December 2018

2,550

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2019

and 31st December 2019

363,063

NET BOOK VALUE

At 31st December 2019

363,063

At 31st December 2018

363,063

The Directors have confirmed that there is no movement in the value of the property,

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Other debtors

2,138

72

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade creditors

600

300

Taxation and social security

768

702

Other creditors

368,452

368,452

369,820

369,454

7.	RELATED PARTY DISCLOSURES

At the balance sheet date an amount of £79,234 (2018; £79,234) remained owing by the company to D M

Rogers, a 50% shareholder.

8.	ULTIMATE CONTROLLING PARTY

The company is under control of the directors by virtue of their shareholdings.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Conti Properties Limited for the year ended 31st December 2019 which comprise the Income

Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records

and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Conti Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Conti Properties Limited and state those matters that we have agreed to state to the Board of Directors of Conti Properties Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Conti Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Conti Properties Limited. You consider that Conti Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Conti Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

JS&CO LLP

3rd Floor, Hanover House

118 Queens Road

Brighton

East Sussex

BN1 3XG

30th January 2020