C.C. Properties Management Limited
C.C. Properties Management Limited
Registered number: 12352073
Unaudited Financial Statements
For the Period
6 December 2019
to
31 December 2020
Pecuniary Limited
C.C. Properties Management Limited
Unaudited Financial Statements
For the Period
6 December 2019
to
31 December 2020
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
C.C. Properties Management Limited
Balance Sheet
As at
31 December 2020
Balance Sheet
Registered number:
12352073
For the period ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 31 December 2020 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 3 |
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|
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|
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| CURRENT ASSETS | |||
| Debtors | 4 |
|
|
| Cash at bank and in hand |
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||
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| Creditors: Amounts Falling Due Within One Year | 5 |
( |
|
| NET CURRENT ASSETS (LIABILITIES) |
( |
||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
||
| Creditors: Amounts Falling Due After More Than One Year | 6 |
( |
|
| NET LIABILITIES |
( |
||
| CAPITAL AND RESERVES | |||
| Called up share capital | 8 |
|
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| Profit and Loss Account |
( |
||
| SHAREHOLDERS' FUNDS | (7,472) | ||
Page 1
C.C. Properties Management Limited
Balance Sheet (continued)
As at
31 December 2020
Director's responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges her 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
|
Director
|
|
|
The notes on pages 3 to 4 form part of these financial statements.
Page 2
C.C. Properties Management Limited
Notes to the Financial Statements
For the Period
6 December 2019
to
31 December 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
At 31 December 2020 the company had net current liabilities of £715,198. However, the going concern basis of
preparation of the financial statements is considered to be appropriate as £726,026 is due to the company's
director who has confirmed her support of the company for the foreseeable future.
The director is satisfied that despite the Coronavirus pandemic, it is appropriate for the company's financial
statements to be prepared on a going concern basis. The pandemic has resulted in a number of uncertainties
arising and the director has taken steps to minimise the effect on the company and will continue to do so. In
the circumstances she has concluded that no adjustments are required to the financial statements at this time.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
1.4.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1
3.
Tangible Assets
| Investment Properties | |
|---|---|
| £ | |
| Cost | |
| As at
|
|
| Additions | 1,744,411 |
| As at
|
|
| Net Book Value | |
| As at
|
|
| As at
|
|
4.
Debtors
| 31 December 2020 | |
|---|---|
| £ | |
| Due within one year | |
| Other debtors |
|
|
|
|
Page 3
C.C. Properties Management Limited
Notes to the Financial Statements (continued)
For the Period
6 December 2019
to
31 December 2020
5.
Creditors: Amounts Falling Due Within One Year
| 31 December 2020 | |
|---|---|
| £ | |
| Accruals and deferred income |
|
| Director's loan account |
|
|
|
|
6.
Creditors: Amounts Falling Due After More Than One Year
| 31 December 2020 | |
|---|---|
| £ | |
| Bank loans |
|
|
|
|
Of the creditors falling due within and after more than one year the following amounts are due after more than five years.
| 31 December 2020 | |
|---|---|
| £ | |
| Bank loans and overdrafts | 1,036,685 |
7.
Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
| 31 December 2020 | |
|---|---|
| £ | |
| Bank loans and overdrafts | 1,036,685 |
9.
General Information
C.C. Properties Management Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
12352073
. The registered office is 3a Montagu Row, London, W1U 6DZ.
Page 4