CULLINAN PROPERTIES LIMITED

CULLINAN PROPERTIES LIMITED - Company Information

2022-04-012023-03-312023-03-31false12507238CULLINAN PROPERTIES LIMITED2023-12-1468100iso4217:GBPxbrli:pure125072382022-04-01125072382023-03-31125072382022-04-012023-03-31125072382021-04-01125072382022-03-31125072382021-04-012022-03-3112507238bus:SmallEntities2022-04-012023-03-3112507238bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3112507238bus:FullAccounts2022-04-012023-03-3112507238bus:PrivateLimitedCompanyLtd2022-04-012023-03-3112507238core:WithinOneYear2023-03-3112507238core:AfterOneYear2023-03-3112507238core:WithinOneYear2022-03-3112507238core:AfterOneYear2022-03-3112507238core:ShareCapital2023-03-3112507238core:SharePremium2023-03-3112507238core:RevaluationReserve2023-03-3112507238core:OtherReservesSubtotal2023-03-3112507238core:RetainedEarningsAccumulatedLosses2023-03-3112507238core:ShareCapital2022-03-3112507238core:SharePremium2022-03-3112507238core:RevaluationReserve2022-03-3112507238core:OtherReservesSubtotal2022-03-3112507238core:RetainedEarningsAccumulatedLosses2022-03-3112507238core:LandBuildings2023-03-3112507238core:PlantMachinery2023-03-3112507238core:Vehicles2023-03-3112507238core:FurnitureFittings2023-03-3112507238core:OfficeEquipment2023-03-3112507238core:NetGoodwill2023-03-3112507238core:IntangibleAssetsOtherThanGoodwill2023-03-3112507238core:ListedExchangeTraded2023-03-3112507238core:UnlistedNon-exchangeTraded2023-03-3112507238core:LandBuildings2022-03-3112507238core:PlantMachinery2022-03-3112507238core:Vehicles2022-03-3112507238core:FurnitureFittings2022-03-3112507238core:OfficeEquipment2022-03-3112507238core:NetGoodwill2022-03-3112507238core:IntangibleAssetsOtherThanGoodwill2022-03-3112507238core:ListedExchangeTraded2022-03-3112507238core:UnlistedNon-exchangeTraded2022-03-3112507238core:LandBuildings2022-04-012023-03-3112507238core:PlantMachinery2022-04-012023-03-3112507238core:Vehicles2022-04-012023-03-3112507238core:FurnitureFittings2022-04-012023-03-3112507238core:OfficeEquipment2022-04-012023-03-3112507238core:NetGoodwill2022-04-012023-03-3112507238core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112507238core:ListedExchangeTraded2022-04-012023-03-3112507238core:UnlistedNon-exchangeTraded2022-04-012023-03-3112507238core:MoreThanFiveYears2022-04-012023-03-3112507238core:Non-currentFinancialInstruments2023-03-3112507238core:Non-currentFinancialInstruments2022-03-3112507238dpl:CostSales2022-04-012023-03-3112507238dpl:DistributionCosts2022-04-012023-03-3112507238core:LandBuildings2022-04-012023-03-3112507238core:PlantMachinery2022-04-012023-03-3112507238core:Vehicles2022-04-012023-03-3112507238core:FurnitureFittings2022-04-012023-03-3112507238core:OfficeEquipment2022-04-012023-03-3112507238dpl:AdministrativeExpenses2022-04-012023-03-3112507238core:NetGoodwill2022-04-012023-03-3112507238core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112507238dpl:GroupUndertakings2022-04-012023-03-3112507238dpl:ParticipatingInterests2022-04-012023-03-3112507238dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3112507238core:ListedExchangeTraded2022-04-012023-03-3112507238dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3112507238core:UnlistedNon-exchangeTraded2022-04-012023-03-3112507238dpl:CostSales2021-04-012022-03-3112507238dpl:DistributionCosts2021-04-012022-03-3112507238core:LandBuildings2021-04-012022-03-3112507238core:PlantMachinery2021-04-012022-03-3112507238core:Vehicles2021-04-012022-03-3112507238core:FurnitureFittings2021-04-012022-03-3112507238core:OfficeEquipment2021-04-012022-03-3112507238dpl:AdministrativeExpenses2021-04-012022-03-3112507238core:NetGoodwill2021-04-012022-03-3112507238core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3112507238dpl:GroupUndertakings2021-04-012022-03-3112507238dpl:ParticipatingInterests2021-04-012022-03-3112507238dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3112507238core:ListedExchangeTraded2021-04-012022-03-3112507238dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3112507238core:UnlistedNon-exchangeTraded2021-04-012022-03-3112507238core:NetGoodwill2023-03-3112507238core:IntangibleAssetsOtherThanGoodwill2023-03-3112507238core:LandBuildings2023-03-3112507238core:PlantMachinery2023-03-3112507238core:Vehicles2023-03-3112507238core:FurnitureFittings2023-03-3112507238core:OfficeEquipment2023-03-3112507238core:AfterOneYear2023-03-3112507238core:WithinOneYear2023-03-3112507238core:ListedExchangeTraded2023-03-3112507238core:UnlistedNon-exchangeTraded2023-03-3112507238core:ShareCapital2023-03-3112507238core:SharePremium2023-03-3112507238core:RevaluationReserve2023-03-3112507238core:OtherReservesSubtotal2023-03-3112507238core:RetainedEarningsAccumulatedLosses2023-03-3112507238core:NetGoodwill2022-03-3112507238core:IntangibleAssetsOtherThanGoodwill2022-03-3112507238core:LandBuildings2022-03-3112507238core:PlantMachinery2022-03-3112507238core:Vehicles2022-03-3112507238core:FurnitureFittings2022-03-3112507238core:OfficeEquipment2022-03-3112507238core:AfterOneYear2022-03-3112507238core:WithinOneYear2022-03-3112507238core:ListedExchangeTraded2022-03-3112507238core:UnlistedNon-exchangeTraded2022-03-3112507238core:ShareCapital2022-03-3112507238core:SharePremium2022-03-3112507238core:RevaluationReserve2022-03-3112507238core:OtherReservesSubtotal2022-03-3112507238core:RetainedEarningsAccumulatedLosses2022-03-3112507238core:NetGoodwill2021-04-0112507238core:IntangibleAssetsOtherThanGoodwill2021-04-0112507238core:LandBuildings2021-04-0112507238core:PlantMachinery2021-04-0112507238core:Vehicles2021-04-0112507238core:FurnitureFittings2021-04-0112507238core:OfficeEquipment2021-04-0112507238core:AfterOneYear2021-04-0112507238core:WithinOneYear2021-04-0112507238core:ListedExchangeTraded2021-04-0112507238core:UnlistedNon-exchangeTraded2021-04-0112507238core:ShareCapital2021-04-0112507238core:SharePremium2021-04-0112507238core:RevaluationReserve2021-04-0112507238core:OtherReservesSubtotal2021-04-0112507238core:RetainedEarningsAccumulatedLosses2021-04-0112507238core:AfterOneYear2022-04-012023-03-3112507238core:WithinOneYear2022-04-012023-03-3112507238core:Non-currentFinancialInstrumentscore:CostValuation2022-04-012023-03-3112507238core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-012023-03-3112507238core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-012023-03-3112507238core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-012023-03-3112507238core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-012023-03-3112507238core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-012023-03-3112507238core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3112507238core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3112507238core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3112507238core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3112507238core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3112507238core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3112507238core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3112507238core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3112507238core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3112507238core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3112507238core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3112507238core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3112507238core:Non-currentFinancialInstrumentscore:CostValuation2022-03-3112507238core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-3112507238core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-3112507238core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-3112507238core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-3112507238core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-3112507238core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-3112507238core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-3112507238core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-3112507238bus:Director12022-04-012023-03-31

Registered Number
12507238
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

CULLINAN PROPERTIES LIMITED

Company Information
for the year from 1 April 2022 to 31 March 2023


Director	CHEN, Ye


Registered Address	Stone Ridge
	Bayleys Hill
	Sevenoaks
	TN14 6HS


Registered Number	12507238 (England and Wales)

CULLINAN PROPERTIES LIMITED

Statement of Financial Position
31 March 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets			13,763		303
Investment property	5		1,342,890		1,342,890
			1,356,653		1,343,193
Current assets
Debtors	6	800		1,708
Cash at bank and on hand		9,792		12,674
		10,592		14,382
Creditors amounts falling due within one year	7	(2,155)		(14,800)
Net current assets (liabilities)			8,437		(418)
Total assets less current liabilities			1,365,090		1,342,775
Creditors amounts falling due after one year	8		(1,357,161)		(1,347,508)
Net assets			7,929		(4,733)
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			6,929		(5,733)
Shareholders' funds			7,929		(4,733)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 14 December 2023, and are signed on its behalf by:

CHEN, Ye
Director
Registered Company No. 12507238

CULLINAN PROPERTIES LIMITED

Notes to the Financial Statements
for the year ended 31 March 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

4.	Employee information


		2023		2022
	Average number of employees during the year	0		0

5.	Investment property


		£
	Fair value at 01 April 22	1,342,890
	At 31 March 23	1,342,890

6.	Debtors

	2023	2022
	£	£
Trade debtors / trade receivables	600	-
Prepayments and accrued income	200	1,708
Total	800	1,708


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

7.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	-	12
Bank borrowings and overdrafts	1,195	-
Accrued liabilities and deferred income	960	14,788
Total	2,155	14,800


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors after one year

	2023	2022
	£	£
Bank borrowings and overdrafts	1,357,161	1,347,508
Total	1,357,161	1,347,508