14CP Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07622820 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

14CP LTD

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

C E Hugh-Jones

L Taylor

Secretary:

L Taylor

Registered office:

11 Northington Street

London

WC1N 2JF

Registered number:

07622820 (England and Wales)

Accountants:

Haines Watts (Westbury) LLP

South Entrance

3rd Floor

37 - 41 Bedford Row

London

WC1R 4JH

Fixed assets

Investment property

3

1,950,000

1,950,000

Current assets

Debtors

4

114

115

Creditors

Amounts falling due within one year

5

1,006,579

1,008,359

Net current liabilities

(1,006,465

)

(1,008,244

)

Total assets less current liabilities

943,535

941,756

Provisions for liabilities

126,825

132,352

Net assets

816,710

809,404

Capital and reserves

Called up share capital

6

100

100

Retained earnings

816,610

809,304

Shareholders' funds

816,710

809,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors on 17 January 2019 and were signed on its behalf by:

C E Hugh-Jones - Director

1.	Statutory information

14CP Ltd 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 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of rents received or receivable, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

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.	Investment property

Total

£

Fair value

At 1 May 2017

and 30 April 2018

1,950,000

Net book value

At 30 April 2018

1,950,000

At 30 April 2017

1,950,000

Investment property is stated at fair value as determined by the Directors. This was on the basis of open

market value for current use. The fair value represent the amount at which the assets could be exchanged

between a knowledgeable, willing buyer and a knowledgeable, willing seller in an arms-length transaction at

the date of valuation, in accordance with FRS102. In determining the fair value of investment property, the

directors make use of historical and current market data.

4.

Debtors: amounts falling due within one year

2018

2017

£

£

Other debtors

114

115

5.

Creditors: amounts falling due within one year

2018

2017

£

£

Amounts owed to group undertakings

996,917

997,002

Taxation and social security

722

366

Other creditors

8,940

10,991

1,006,579

1,008,359

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100