C.N.B. Property Ltd

C.N.B. Property Ltd

C.N.B. PROPERTY LTD - Company Information

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1 May 2020 false Taxfiler 2021.19 10777505business:PrivateLimitedCompanyLtd2020-05-012021-04-30 107775052020-04-30 107775052020-05-012021-04-30 10777505business:AuditExemptWithAccountantsReport2020-05-012021-04-30 10777505business:FullAccounts2020-05-012021-04-30 107775052021-04-30 10777505business:Director12020-05-012021-04-30 10777505business:Director22020-05-012021-04-30 10777505business:RegisteredOffice2020-05-012021-04-30 107775052020-04-30 10777505core:WithinOneYear2021-04-30 10777505core:WithinOneYear2020-04-30 10777505core:AfterOneYear2021-04-30 10777505core:AfterOneYear2020-04-30 10777505core:ShareCapital2021-04-30 10777505core:ShareCapital2020-04-30 10777505core:RetainedEarningsAccumulatedLosses2021-04-30 10777505core:RetainedEarningsAccumulatedLosses2020-04-30 10777505business:SmallEntities2020-05-012021-04-30 10777505countries:EnglandWales2020-05-012021-04-30 10777505core:FurnitureFittings2020-05-012021-04-30 10777505core:ComputerEquipment2020-05-012021-04-30 10777505core:FurnitureFittings2020-04-30 10777505core:ComputerEquipment2020-04-30 10777505core:FurnitureFittings2021-04-30 10777505core:ComputerEquipment2021-04-30 107775052019-05-012020-04-30 iso4217:GBP xbrli:pure
Company Registration No. 10777505 (England and Wales)
C.N.B. Property Ltd Unaudited accounts for the year ended 30 April 2021
C.N.B. Property Ltd Unaudited accounts Contents
Page
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C.N.B. Property Ltd Company Information for the year ended 30 April 2021
Directors
Claire Blakey Nigel Blakey
Company Number
10777505 (England and Wales)
Registered Office
The Old Presbytery 2 Chapel Lane WETHERBY West Yorkshire LS23 6HU
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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C.N.B. Property Ltd Accountants' report
Accountants' report to the board of directors of C.N.B. Property Ltd on the preparation of the unaudited statutory accounts for the year ended 30 April 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of C.N.B. Property Ltd for the year ended 30 April 2021 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of C.N.B. Property Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of C.N.B. Property Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C.N.B. Property Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that C.N.B. Property Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of C.N.B. Property Ltd. You consider that C.N.B. Property Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of C.N.B. Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 17 August 2021
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C.N.B. Property Ltd Statement of financial position as at 30 April 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
5,255 
7,598 
Investment property
5
600,198 
600,198 
605,453 
607,796 
Current assets
Debtors
6
5,178 
4,902 
Cash at bank and in hand
35,312 
4,787 
40,490 
9,689 
Creditors: amounts falling due within one year
7
(311,759)
(312,400)
Net current liabilities
(271,269)
(302,711)
Total assets less current liabilities
334,184 
305,085 
Creditors: amounts falling due after more than one year
8
(345,000)
(345,000)
Net liabilities
(10,816)
(39,915)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(10,916)
(40,015)
Shareholders' funds
(10,816)
(39,915)
For the year ending 30 April 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 16 December 2021 and were signed on its behalf by
Nigel Blakey Director Company Registration No. 10777505
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C.N.B. Property Ltd Notes to the Accounts for the year ended 30 April 2021
1
Statutory information
C.N.B. Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 10777505. The registered office is The Old Presbytery, 2 Chapel Lane, WETHERBY, West Yorkshire, LS23 6HU.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
Computer equipment
33% on cost
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C.N.B. Property Ltd Notes to the Accounts for the year ended 30 April 2021
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2020
13,109 
- 
13,109 
Additions
- 
1,735 
1,735 
At 30 April 2021
13,109 
1,735 
14,844 
Depreciation
At 1 May 2020
5,511 
- 
5,511 
Charge for the year
3,744 
334 
4,078 
At 30 April 2021
9,255 
334 
9,589 
Net book value
At 30 April 2021
3,854 
1,401 
5,255 
At 30 April 2020
7,598 
- 
7,598 
5
Investment property
2021 
£ 
Fair value at 1 May 2020
600,198 
At 30 April 2021
600,198 
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Accrued income and prepayments
- 
4,902 
Debtors: amounts falling due after more than one year
Accrued income and prepayments
5,178 
- 
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Loans from directors
310,739 
311,500 
Accruals
1,020 
900 
311,759 
312,400 
8
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
345,000 
345,000 
9
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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