Company Registration No. 8670467 (England and Wales)
Cartwright Gwalia Properties Limited
Unaudited accounts
for the year ended 31 August 2022
Cartwright Gwalia Properties Limited
Unaudited accounts
Contents
Cartwright Gwalia Properties Limited
Company Information
for the year ended 31 August 2022
Directors
Geoffrey Thomas Cartwright
Janet Margaret Cartwright
Lucy Georgina Lightfoot
Lauren Elizabeth Richards
Company Number
8670467 (England and Wales)
Registered Office
Whiteacre
Glasllwch Lane
Newport
NP20 3PS
United Kingdom
Accountants
The Wright Advice Ltd
2 Llanedeyrn Road
Cardiff
CF23 9DX
Cartwright Gwalia Properties Limited
Statement of financial position
as at
31 August 2022
Investment property
791,959
791,959
Cash at bank and in hand
11,943
30,153
Creditors: amounts falling due within one year
(586,899)
(608,195)
Net current liabilities
(574,956)
(577,619)
Total assets less current liabilities
217,012
214,399
Creditors: amounts falling due after more than one year
-
(40,310)
Provisions for liabilities
Net assets
217,012
147,089
Called up share capital
1,000
1,000
Profit and loss account
216,012
146,089
Shareholders' funds
217,012
147,089
For the year ending 31 August 2022 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2022 and were signed on its behalf by
Geoffrey Thomas Cartwright
Director
Company Registration No. 8670467
Cartwright Gwalia Properties Limited
Notes to the Accounts
for the year ended 31 August 2022
Cartwright Gwalia Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 8670467. The registered office is Whiteacre, Glasllwch Lane, Newport, NP20 3PS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover comprises of rental income received excluding Value Added Tax.
Investment property is included in the accounts at cost.
Gains on revaluation and sale are recognised in the income statement.
Deferred taxation is provided when a property is revalued at the prevailing corporation tax rate.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Cartwright Gwalia Properties Limited
Notes to the Accounts
for the year ended 31 August 2022
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
5
Investment property
2022
Fair value at 1 September 2021
791,959
At 31 August 2022
791,959
Fully developed investment properties were revalued in August 2017. All other investment properties are valued at cost.
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
858
-
Loans from directors
581,636
603,883
8
Creditors: amounts falling due after more than one year
2022
2021
9
Average number of employees
During the year the average number of employees was 2 (2021: 2).