Cyril Holland (Southbourne) Limited Accounts

CYRIL HOLLAND (SOUTHBOURNE) LIMITED - Company Information






Cyril Holland (Southbourne) Limited

	Company No. 00469659
		Information for Filing with The Registrar
		30 April 2023

The Directors present their report and the accounts for the year ended 30 April 2023.

Principal activities
The principal activity of the company during the year under review was property investment.




Directors

The Directors who served at any time during the year were as follows:

J. Cooper
M. Cooper






































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

J. Cooper
Director
22 January 2024

at	30 April 2023
Company No.		00469659	Notes	2023	2022
				£	£
Fixed assets

	Tangible assets		4	45,707	56,886
	Investment property		5	700,000	700,000

				745,707	756,886
Current assets

	Debtors		6	166,789	144,039

	Cash at bank and in hand			24,789	49,846
				191,578	193,885
Creditors: Amount falling due within one year			7	(30,266)	(42,831)
Net current assets				161,312	151,054
Total assets less current liabilities				907,019	907,940
Creditors: Amounts falling due after more than one year			8	(21,017)	(28,436)
Provisions for liabilities
	Deferred taxation			(140,849)	(141,724)

Net assets				745,153	737,780

Capital and reserves
	Called up share capital			2,250	2,250


	Capital redemption reserve		9	12,000	12,000
	Profit and loss account		9	730,903	723,530

Total equity				745,153	737,780



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 April 2023 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 22 January 2024 and signed on its behalf by:
J. Cooper
Director
22 January 2024

for the year ended 30 April 2023

General information

Cyril Holland (Southbourne) Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 00469659

Its registered office is:

8 Rowcroft

Stroud

GL5 3AZ

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

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

Going concern

The directors have considered the risks and issues concerning the company and its activities and no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern have been identified by the directors.

Accounting policies

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

10% Straight line

Motor vehicles

20% Reducing balance

Furniture, fittings and equipment

25% Reducing balance

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2023	2022
			Number	Number
		The average monthly number of employees (including directors) during the year was:	0	2

4	Tangible fixed assets
			Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 May 2022	3,315	57,090	492	60,897




		At 30 April 2023	3,315	57,090	492	60,897
		Depreciation
		At 1 May 2022	664	2,855	492	4,011
		Charge for the year	332	10,847	-	11,179



		At 30 April 2023	996	13,702	492	15,190
		Net book values
		At 30 April 2023	2,319	43,388	-	45,707
		At 30 April 2022	2,651	54,235	-	56,886

Investment property

Freehold Investment Property

Valuation

At 1 May 2022

700,000

At 30 April 2023

700,000

If the freehold investment property had not been revalued it would have been included at its historical

cost of £10,970.

6	Debtors
			2023	2022
			£	£






		Other debtors	166,789	144,039

			166,789	144,039

7	Creditors:
		amounts falling due within one year
			2023	2022
			£	£



		Obligations under finance lease and hire purchase contracts	7,418	7,418


		Taxes and social security	6,638	5,493
		Loans from directors	14,250	28,500

		Accruals and deferred income	1,960	1,420
			30,266	42,831

8	Creditors:
		amounts falling due after more than one year
			2023	2022
			£	£



		Obligations under finance lease and hire purchase contracts	21,017	28,436




			21,017	28,436

9	Reserves
			Capital redemption reserve	Total other reserves
			£	£
		At 1 May 2021	12,000	12,000



		At 30 April 2022 and 1 May 2022	12,000	12,000



		At 30 April 2023	12,000	12,000


		Capital redemption reserve - records the nominal value of shares repurchased by the company.

		Profit and loss account - includes all current and prior period retained profits and losses.

10	Dividends
			2023	2022
			£	£
		Dividends for the period:
		Dividends paid in the period	17,000	-

			17,000	-

		Dividends by type:

		Equity dividends	17,000	-
			17,000	-

Related party disclosures

The company was owed £166,789 (2022: £144,039) by another company under the common control of the directors.