CPR & NES Investments Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08686637 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

CPR & NES INVESTMENTS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

N E Stern

REGISTERED OFFICE:

19a Belfast Road

London

N16 6UN

REGISTERED NUMBER:

08686637 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

4,250

5,000

Investment property

5

1,865,000

1,855,000

1,869,250

1,860,000

CURRENT ASSETS

Debtors

6

345,546

345,486

Cash at bank

3,852

4,906

349,398

350,392

CREDITORS

Amounts falling due within one year

7

(44,610

)

(75,192

)

NET CURRENT ASSETS

304,788

275,200

TOTAL ASSETS LESS CURRENT LIABILITIES

2,174,038

2,135,200

CREDITORS

Amounts falling due after more than one year

8

(1,558,487

)

(1,575,933

)

NET ASSETS

615,551

559,267

CAPITAL AND RESERVES

Called up share capital

10

1

1

Revaluation reserve

11

387,947

387,947

Retained earnings

11

227,603

171,319

SHAREHOLDERS' FUNDS

615,551

559,267

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 March 2022 and were signed by:

N E Stern - Director

1.	STATUTORY INFORMATION

CPR & NES Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 October 2020

and 30 September 2021

12,740

DEPRECIATION

At 1 October 2020

7,740

Charge for year

750

At 30 September 2021

8,490

NET BOOK VALUE

At 30 September 2021

4,250

At 30 September 2020

5,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2020

1,855,000

Additions

10,000

At 30 September 2021

1,865,000

NET BOOK VALUE

At 30 September 2021

1,865,000

At 30 September 2020

1,855,000

The director has confirmed that there is no significant increase or decrease in the property market value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Trade debtors

77,801

77,741

Other debtors

267,745

267,745

345,546

345,486

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Taxation and social security

27,984

14,605

Other creditors

16,626

60,587

44,610

75,192

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.21

30.9.20

£

£

Bank loans

1,558,487

1,575,933

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

581,002

580,046

Repayable by instalments

Bank loans more 5 yr by instal

929,559

945,887

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.21

30.9.20

£

£

Bank loans

1,558,487

1,575,933

1. Long term bank loan is secured by first charge over the company's investment property.

2. Under the bank loan, £50,000 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.21

30.9.20

value:

£

£

1

Ordinary

£1

1

1

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 October 2020

171,319

387,947

559,266

Profit for the year

56,284

56,284

At 30 September 2021

227,603

387,947

615,550

12.	ULTIMATE CONTROLLING PARTY

The controlling party is N E Stern.