CGR Kingston (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07728472 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2022

for

CGR Kingston (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A A C Grummitt

Dr S E Grummitt

REGISTERED OFFICE:

59-61 High Street

Kingston-upon-Thames

Surrey

KT1 1LQ

REGISTERED NUMBER:

07728472 (England and Wales)

ACCOUNTANTS:

Mapperson Price, Chartered Accountants

Old Gun Court

North Street

Dorking

Surrey

RH4 1DE

FIXED ASSETS

Investment property

4

1,259,700

1,543,047

CURRENT ASSETS

Debtors

5

5,000

-

Cash at bank and in hand

11,071

8,403

16,071

8,403

CREDITORS

Amounts falling due within one year

6

411,631

398,062

NET CURRENT LIABILITIES

(395,560

)

(389,659

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

864,140

1,153,388

CREDITORS

Amounts falling due after more than one
year

7

(346,398

)

(371,560

)

PROVISIONS FOR LIABILITIES

(52,768

)

(93,939

)

NET ASSETS

464,974

687,889

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

464,874

687,789

SHAREHOLDERS' FUNDS

464,974

687,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2023 and were signed on its behalf by:

Dr S E Grummitt - Director

1.	STATUTORY INFORMATION

CGR Kingston (UK) Limited 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.

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 property rental income.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2021

1,543,047

Revaluations

(283,347

)

At 30 June 2022

1,259,700

NET BOOK VALUE

At 30 June 2022

1,259,700

At 30 June 2021

1,543,047

Fair value at 30 June 2022 is represented by:

£

Valuation in 2015

214,158

Valuation in 2016

81,978

Valuation in 2017

87,922

Valuation in 2018

246,361

Valuation in 2020

(1,611

)

Valuation in 2022

(283,347

)

Cost

914,239

1,259,700

The property has been revalued by the directors.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

Other debtors

5,000

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

Bank loans and overdrafts

23,000

21,008

Trade creditors

21,968

23,310

Taxation and social security

4,518

5,369

Other creditors

362,145

348,375

411,631

398,062

£21,600 of the trade creditors balance is owed to Cullen, Grummitt & Roe (UK) Limited, a company under the control of the directors.

Other creditors includes loans of £141,340 (2021 : £141,340) from Mr A A C Grummitt and £93,327 (2021 : £93,327) from Dr S E Grummitt, both of whom are directors. A loan of £119,216 (2021 : £105,398) from Cullen Grummitt & Roe (UK) Limited, a company under the control of the directors, is also included in other creditors.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.6.22

30.6.21

£

Bank loans

346,398

371,560

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.22

30.6.21

£

Bank loans

369,398

392,568

The bank loan is secured by a fixed and floating charge over the assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.22

30.6.21

value:

£

100

Ordinary

£1

100

10.	RELATED PARTY DISCLOSURES

All of the company's turnover was receivable from Cullen Grummitt & Roe (UK) Limited, a company under the control of the directors. The company purchased building management services from Cullen Grummitt & Roe (UK) Limited.

11.	ULTIMATE CONTROLLING PARTY

The principal shareholder, Mr A A C Grummitt, is the ultimate controlling party.

12.

RESERVES

Included within retained earnings are £292,694 (2021: £534,869) non distributable reserves.

CGR Kingston (UK) Limited - Accounts to registrar (filleted) - small 22.3

CGR Kingston (UK) Limited - Accounts to registrar (filleted) - small 22.3