CLT Properties (Bridgend) Limited Filleted accounts for Companies House (small and micro)
CLT Properties (Bridgend) Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
12867004
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For the year ended |
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Financial Statements |
Year ended 31 March 2023
Contents |
Page |
Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
4 |
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Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 31 March 2023
2 Oldfield Road
Bocam Park
Bridgend
CF35 5LJ
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Debtors |
5 |
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Cash at bank and in hand |
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– |
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------- |
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Creditors: amounts falling due within one year |
6 |
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--------- |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
7 |
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Provisions |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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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
;
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
2 June 2023
, and are signed on behalf of the board by:
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Director |
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Company registration number:
12867004
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Notes to the Financial Statements |
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 50a Oxford Street, Pontycymer, Bridgend, CF32 8DB, Wales.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Investment property
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
Provisions
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. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4.
Tangible assets
Investment property |
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£ |
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Cost |
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At 1 April 2022 |
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Additions |
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--------- |
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At 31 March 2023 |
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Depreciation |
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At 1 April 2022 and 31 March 2023 |
– |
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Carrying amount |
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At 31 March 2023 |
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At 31 March 2022 |
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Investment properties are held at market value as determined by the director.
5.
Debtors
2023 |
2022 |
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£ |
£ |
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Other debtors |
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6.
Creditors:
amounts falling due within one year
2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
– |
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Other creditors |
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7.
Creditors:
amounts falling due after more than one year
2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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Included within creditors: amounts falling due after more than one year is an amount of £540,358 (2022: £42,105) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.