| 3 Cube Real Estate Limited |
| Registered number: |
05008739 |
| Balance Sheet |
| as at 31 January 2022 |
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Fixed assets |
| Investment property |
5 |
|
|
192,238 |
|
|
555,055 |
|
|
|
|
192,238 |
|
|
555,055 |
|
| Current assets |
| Debtors |
3 |
|
230,790 |
|
|
- |
| Cash at bank and in hand |
|
|
7,835 |
|
|
11,625 |
|
|
|
238,625 |
|
|
11,625 |
|
| Creditors: amounts falling due within one year |
6 |
|
(1,172,712) |
|
|
(1,309,170) |
|
| Net current liabilities |
|
|
|
(934,087) |
|
|
(1,297,545) |
|
| Total assets less current liabilities |
|
|
|
(741,849) |
|
|
(742,490) |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(96,007) |
|
|
(95,870) |
|
|
|
| Net liabilities |
|
|
|
(837,856) |
|
|
(838,360) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
9 |
|
|
10 |
|
|
10 |
| Profit and loss account |
10 |
|
|
(837,866) |
|
|
(838,370) |
|
| Shareholder's funds |
|
|
|
(837,856) |
|
|
(838,360) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| A Kahn |
| Director |
| Approved by the board on 30 October 2022 |
|
| 3 Cube Real Estate Limited |
| Notes to the Accounts |
| for the year ended 31 January 2022 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Investments property |
|
The investment properties are stated as the directors' estimate of open market value. Unrealised gains on revaluation are taken to the revaluation reserve. Permanent diminutions in value are included as exceptional items in the profit and loss account. |
|
|
Rental Income |
|
Rental income has been included in the financial statements on a receivable basis, excluding value added tax. |
|
|
Deferred Taxation |
|
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
|
|
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Other debtors |
230,790 |
|
- |
|
|
|
|
|
|
|
|
|
| 4 |
Taxation |
2022 |
|
2021 |
| £ |
£ |
|
Current taxation |
|
Corporation tax on profit for the year at 19% (2021: 19%) |
15,274 |
|
- |
|
|
|
|
|
|
15,274 |
|
- |
|
|
|
|
|
|
|
|
|
| 5 |
Investment Property |
2022 |
|
2021 |
| £ |
£ |
|
Balance at 1 February |
|
Listed investments |
555,055 |
|
555,055 |
|
Disposal |
(362,817) |
|
- |
|
Balance at 31 January |
192,238 |
|
555,055 |
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Bank loans and overdrafts |
- |
|
119,319 |
|
Taxation and social security costs |
15,274 |
|
- |
|
Other creditors |
1,157,438 |
|
1,189,851 |
|
|
|
|
|
|
1,172,712 |
|
1,309,170 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Bank loans |
96,007 |
|
95,870 |
|
|
|
|
|
|
|
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
96,007 |
|
96,007 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Secured debts |
2022 |
|
2021 |
| £ |
£ |
|
The following secured debts are included within creditors: |
|
Bank Loan |
96,007 |
|
215,189 |
|
|
|
|
|
|
|
|
|
|
|
Bank facilities are secured by a fixed charge on each of the Company's investment properties. |
|
| 9 |
Share Capital |
Nominal |
|
Allotted,called up and fully paid |
|
|
2022 |
|
2021 |
|
2022 |
|
2021 |
|
|
£ |
|
£ |
|
£ |
|
£ |
|
Equity Shares |
|
Ordinary shares £1 each |
10 |
|
10 |
|
10 |
|
10 |
|
|
|
|
|
|
|
|
|
|
|
| 10 |
Reconciliation of movement on shareholders' deficit |
Total |
Total |
|
|
Share capital |
P&L account |
2022 |
|
2021 |
|
|
£ |
|
£ |
|
£ |
|
£ |
|
At 1 February 2021 |
10 |
|
(838,370) |
|
(838,360) |
|
(858,633) |
|
Retained profit for the financial year |
- |
|
504 |
|
504 |
|
20,263 |
|
At 31 January 2022 |
10 |
|
(837,866) |
|
(837,856) |
|
(838,370) |
|
|
|
|
|
|
|
|
|
|
All shareholders' deficits are attributable to equity interests. |
|
|
| 11 |
Related party transactions |
|
|
Other debtors include (£45,351 (2021: nil) due from Kahn Landmark Limited.
Other creditors include £105,410 (2021: £105,410) due to Project Kahn Limited, £nil (2021: £376,066) due to Kahn Landmark Limited and £1,047,028 (2021: £675,000) due to Afzal Kahn.
Mr A Kahn is a director and a beneficial holder of more than 20% of the issued share capital of Kahn Landmark Limited. |
|
|
| 12 |
Other information |
|
|
3 Cube Real Estate Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
|
240 Canal Road |
|
Bradford |
|
BD1 4SX |
