Cul-de-Sac Properties Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04621927

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Cul-de-Sac Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A S Davis

Mrs A M Davis

SECRETARY:

Mrs A M Davis

REGISTERED OFFICE:

Brook Point

1412 High Road

Whetstone

London

N20 9BH

REGISTERED NUMBER:

04621927

ACCOUNTANTS:

Niren Blake LLP

Chartered Accountants

2nd Floor

Solar House

915 High Road

North Finchley

London

N12 8QJ

FIXED ASSETS

Tangible assets

3

895,518

895,518

CURRENT ASSETS

Cash in hand

2

2

CREDITORS

Amounts falling due within one year

4

395,893

395,893

NET CURRENT LIABILITIES

(395,891

)

(395,891

)

TOTAL ASSETS LESS CURRENT LIABILITIES

499,627

499,627

CREDITORS

Amounts falling due after more than one year

5

499,625

499,625

NET ASSETS

2

2

CAPITAL AND RESERVES

Called up share capital

2

2

SHAREHOLDERS' FUNDS

2

2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 September 2018 and were signed on its behalf by:

A S Davis - Director

1.	STATUTORY INFORMATION

Cul-de-Sac Properties Limited is a private company, limited by shares , registered in Not specified/Other. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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

Land and buildings

-

not provided

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2017

and 31 December 2017

895,518

NET BOOK VALUE

At 31 December 2017

895,518

At 31 December 2016

895,518

The directors consider that no revaluation of the investment property is required.

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other creditors

395,893

395,893

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

499,625

499,625

6.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

499,625

499,625

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company has no expenses as these are borne by the directors personally.

8.	RELATED PARTY DISCLOSURES

Included in other creditors are the following amounts:-

£143,494 (2016 : £143,494) owed to Powerbuild Limited, a company in which Mr A Davis is a director.

£171,037 (2016 : £171,037) owed to Pan Europe Agencies Limited. a company in which Mr A Davis is a director.