Community Life Properties Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08709994 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

COMMUNITY LIFE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K M Holder OBE

F Masinjira Mashedi

A Van Den Broek

N J Wardill

D Wayland

SECRETARY:

REGISTERED OFFICE:

95-99 Guildford Street

Chertsey

Surrey

KT16 9AS

REGISTERED NUMBER:

08709994 (England and Wales)

ACCOUNTANTS:

Kingfisher Business Advisors Ltd

Chartered Accountants

2 High St

Chobham

Woking

Surrey

GU24 8AA

FIXED ASSETS

Tangible assets

4

570,908

590,045

CURRENT ASSETS

Cash at bank

7,513

5,846

CREDITORS

Amounts falling due within one year

5

2,204

1,485

NET CURRENT ASSETS

5,309

4,361

TOTAL ASSETS LESS CURRENT LIABILITIES

576,217

594,406

CREDITORS

Amounts falling due after more than one year

6

105,880

113,880

NET ASSETS

470,337

480,526

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

626,500

626,500

Retained earnings

(156,263

)

(146,074

)

470,337

480,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 9 November 2023 and were signed on its behalf by:

K M Holder OBE - Director

1.	STATUTORY INFORMATION

Community Life Properties 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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 (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

642,101

191,433

833,534

DEPRECIATION

At 1 April 2022

92,809

150,680

243,489

Charge for year

10,986

8,151

19,137

At 31 March 2023

103,795

158,831

262,626

NET BOOK VALUE

At 31 March 2023

538,306

32,602

570,908

At 31 March 2022

549,292

40,753

590,045

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

1

1

Taxation and social security

2,203

1,484

2,204

1,485

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Other creditors

105,880

113,880

7.	RELATED PARTY DISCLOSURES

The loan of £105,880 (2022 £113,880) is from Community Life Trust, a Company Limited by Guarantee, which controls the shareholdings in Community Life Properties Limited. The loan is unsecured and carries an interest charge of 1%.