Cardiff Bay Estates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10167225 (England and Wales)

CARDIFF BAY ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2020

Page

Balance Sheet

1

CURRENT ASSETS

1,865,603

1,097,865

CREDITORS

Amounts falling due within one year

(1,939,560

)

(563,523

)

NET CURRENT (LIABILITIES)/ASSETS

(73,957

)

534,342

TOTAL ASSETS LESS CURRENT LIABILITIES

(73,957

)

534,342

CREDITORS

Amounts falling due after more than one year

-

565,116

NET LIABILITIES

(73,957

)

(30,774

)

CAPITAL AND RESERVES

(73,957

)

(30,774

)

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Cardiff Bay Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10167225

Registered office:

89 Woodville Road

Cardiff

CF24 4DX

The presentation currency of the financial statements is the Pound Sterling (£).

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2019 - 2 ) .

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 May 2020 an amount of £484,735 (2019 - £487,554) was owed to the directors and included in creditors falling due within one year. The balance is interest free and repayable on demand.

4.

SECURITY

The bank loans have been secured by means of a fixed and floating charge over the property owned by the company.

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 24 May 2021 and were signed on its behalf by:

M Chegounchei - Director