Company Registration No. 02554922 (England and Wales)
COUNTY & CAPITAL INVESTMENTS LIMITED
Unaudited accounts
for the year ended 31 August 2021
COUNTY & CAPITAL INVESTMENTS LIMITED
Unaudited accounts
Contents
COUNTY & CAPITAL INVESTMENTS LIMITED
Company Information
for the year ended 31 August 2021
Directors
P B Mitchell
A Mitchell
Company Number
02554922 (England and Wales)
Registered Office
12 PROWSE AVENUE
BUSHEY HEATH
HERTS
WD23 1JR
Accountants
Kaushik Khiroya, AFA
LMK ACCOUNTING LTD
THE GATEHOUSE
GATEHOUSE WAY
AYLESBURY
HP19 8DB
COUNTY & CAPITAL INVESTMENTS LIMITED
Statement of financial position
as at 31 August 2021
Investment property
1,055,000
1,055,000
Cash at bank and in hand
8,704
11,762
Creditors: amounts falling due within one year
(16,278)
(15,623)
Net current assets
303,884
321,095
Total assets less current liabilities
1,358,884
1,376,095
Creditors: amounts falling due after more than one year
(386,850)
(386,338)
Provisions for liabilities
Deferred tax
(88,276)
(88,276)
Net assets
883,758
901,481
Called up share capital
100
100
Revaluation reserve
583,888
583,888
Profit and loss account
299,770
317,493
Shareholders' funds
883,758
901,481
For the year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2022 and were signed on its behalf by
P B Mitchell
Director
Company Registration No. 02554922
COUNTY & CAPITAL INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 August 2021
COUNTY & CAPITAL INVESTMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02554922. The registered office is 12 PROWSE AVENUE, BUSHEY HEATH, HERTS, WD23 1JR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in sterling.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Revenue, described as turnover represents rents receivable and income from property trading. Rents are recognised in accordance with the due dates under the lease agreements.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11.
Basic financial instruments, which include trade and other receivables and payables, cash and bank balances, are recognised at amortised cost.
Advanced financial instruments which include interest rate swaps and forward foreign exchange contracts, are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
Fair value at 1 September 2020
1,055,000
At 31 August 2021
1,055,000
COUNTY & CAPITAL INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 August 2021
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
3,142
4,426
Other debtors
308,316
320,530
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
-
4,400
Taxes and social security
3,883
8,841
Other creditors
8,775
1,275
Loans from directors
433
-
7
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
386,850
386,338
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).
