CR Land And Buildings Limited Filleted accounts for Companies House (small and micro)

CR LAND AND BUILDINGS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10757941

CR Land And Buildings Limited

Filleted Unaudited Financial Statements

31 May 2020

CR Land And Buildings Limited

Statement of Financial Position

31 May 2020

	2020	2019
Note	£	£

Fixed assets

Tangible assets	4	1,639,369	1,635,661

Current assets

Debtors	5	800	100
Cash at bank and in hand		50,038	276
		--------	----
		50,838	376

Creditors: amounts falling due within one year	6	556,347	447,979
		---------	---------
Net current liabilities		505,509	447,603
		------------	------------
Total assets less current liabilities		1,133,860	1,188,058

Creditors: amounts falling due after more than one year	7	1,651,079	1,517,627
		------------	------------
Net liabilities		( 517,219)	( 329,569)
		------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 517,319)	( 329,669)
	---------	---------
Shareholders deficit	( 517,219)	( 329,569)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- 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 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

CR Land And Buildings Limited

Statement of Financial Position (continued)

31 May 2020

These financial statements were approved by the board of directors and authorised for issue on 12 August 2021 , and are signed on behalf of the board by:

Mr P J Barker
Director

Company registration number: 10757941

CR Land And Buildings Limited

Notes to the Financial Statements

Year ended 31 May 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 278-290 Huntingdon House, Huntingdon Street, Nottingham, NG1 3LY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The companys' balance sheet shows an insolvent position and the ability of the company to continue trading is dependent on the continued support from its fellow group companies and director. The director is of the opinion that they will continue to support the company.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment of fixed assets

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.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Tangible assets

	Investment property
	£
Cost
At 1 June 2019	1,635,661
Additions	3,708
	------------
At 31 May 2020	1,639,369
	------------
Depreciation
At 1 June 2019 and 31 May 2020	–
	------------
Carrying amount
At 31 May 2020	1,639,369
	------------
At 31 May 2019	1,635,661
	------------

The director considers that the investment property is disclosed at its fair value.

5. Debtors

	2020	2019
	£	£
Other debtors	800	100
	----	----

6. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	–	1,505
Amounts owed to group undertakings and undertakings in which the company has a participating interest	552,432	444,074
Other creditors	3,915	2,400
	---------	---------
	556,347	447,979
	---------	---------

7. Creditors: amounts falling due after more than one year

	2020	2019
	£	£
Bank loans and overdrafts	1,057,990	952,780
Other creditors	593,089	564,847
	------------	------------
	1,651,079	1,517,627
	------------	------------

The bank loans and other creditors are secured by a charge held by the lender.

8. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2020
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr P J Barker	100	156	( 571)	( 315)
	----	----	----	----

	2019
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr P J Barker	–	904	( 804)	100
	----	----	----	----

9. Controlling party

The immediate and ultimate parent company is Pelham Securities Limited. It's registered office is 2 Castle Rising, Lombard Street, Newark, Nottinghamshire, NG24 1XW.