C.I.D Investments Limited 31/12/2021 iXBRL
C.I.D Investments Limited 31/12/2021 iXBRL
Company registration number:
03897378
Contents
Directors and other information
Abridged statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Secretary |
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Company number |
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Registered office |
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Accountants |
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1 Kings Avenue | ||
Winchmore Hill | ||
London | ||
N21 3NA | ||
Abridged statement of financial position
31 December 2021
2021 | 2020 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Share premium account |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
22 September 2022
, and are signed on behalf of the board by:
Director
Company registration number:
03897378
Notes to the financial statements
Year ended 31 December 2021
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 1 Kings Avenue, Wnchmore Hill, London, N21 3NA.
The principal activity of the company is that of a property investment.
2.
Statement of compliance
The financial statements have been prepared under the historical convention.
3.
Accounting policies
Basis of preparation
The financial statements are prepared in sterling, which is the presentation and functional currency of the entity.
The following accounting policies have been applied consistently throught the year.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.The estimates and underlying assumptions are reviewed on an ongoing basis.Revisions to accounting estimates are recognised in the period in which the estimates is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.There were no judgements and estimates that had significant effect on the amounts recognised in the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
Tangible assets
Investment property
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2020:
2
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5.
Tangible assets
£ | ||
Cost | ||
At 1 January 2021 and 31 December 2021 |
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Carrying amount | ||
At 31 December 2021 |
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At 31 December 2020 |
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The historical cost of the freehold land and buildings was £1,699,624 (2020 - £1,699,624).
6.
Related party transactions
As at the year end the company owed the directors £3,630 (2020 - £3,630). No interest is charged on the directors' loan balance.
7.
Controlling party
There is no single ultimate controlling party.