Community Properties Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10940887 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2020

for

Community Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A S Wilson

S T Alder

C B Holden

REGISTERED OFFICE:

84 Grantham Road

Waddington

Lincolnshire

LN5 9NT

REGISTERED NUMBER:

10940887 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Tangible assets

4

376,489

376,489

CURRENT ASSETS

Debtors

5

44

-

Cash at bank

59,515

2,884

59,559

2,884

CREDITORS

Amounts falling due within one year

6

36,524

32,321

NET CURRENT ASSETS/(LIABILITIES)

23,035

(29,437

)

TOTAL ASSETS LESS CURRENT LIABILITIES

399,524

347,052

CREDITORS

Amounts falling due after more than one year

7

388,654

346,154

NET ASSETS

10,870

898

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10,869

897

SHAREHOLDERS' FUNDS

10,870

898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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 and authorised for issue on 14 May 2021 and were signed on its behalf by:

A S Wilson - Director

1.	STATUTORY INFORMATION

Community Properties Ltd 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.

Freehold property

-

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 have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 September 2019

and 31 August 2020

376,489

NET BOOK VALUE

At 31 August 2020

376,489

At 31 August 2019

376,489

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

44

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

19,045

11,545

Taxation and social security

2,433

192

Other creditors

15,046

20,584

36,524

32,321

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

388,654

346,154

8.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Bank loans

407,699

357,699

The loans are secured against the properties to which they relate.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

99

Ordinary

0.33

1

1