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Unaudited Financial Statements for the Year Ended 31 January 2019 |
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3 Cube Real Estate Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 January 2019 |
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for |
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3 Cube Real Estate Limited |
3 Cube Real Estate Limited (Registered number: 05008739) |
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Contents of the Financial Statements |
for the Year Ended 31 January 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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3 Cube Real Estate Limited |
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Company Information |
for the Year Ended 31 January 2019 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Trust House |
St James Business Park |
5 New Augustus Street |
Bradford |
West Yorkshire |
BD1 5LL |
3 Cube Real Estate Limited (Registered number: 05008739) |
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Balance Sheet |
31 January 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his 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. |
3 Cube Real Estate Limited (Registered number: 05008739) |
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Balance Sheet - continued |
31 January 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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3 Cube Real Estate Limited (Registered number: 05008739) |
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Notes to the Financial Statements |
for the Year Ended 31 January 2019 |
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1. | STATUTORY INFORMATION |
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3 Cube Real Estate Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Rental income |
Rental income has been included in the financial statements on a receivable basis, excluding value added tax. |
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Investment property |
The investment properties are stated as the directors' estimate of open market value. Unrealised gains on |
revaluation are taken to the revaluation reserve. Permanent diminutions in value are included as exceptional |
items in the profit and loss account. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 - NIL). |
3 Cube Real Estate Limited (Registered number: 05008739) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2019 |
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4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 February 2018 |
and 31 January 2019 |
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NET BOOK VALUE |
At 31 January 2019 |
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At 31 January 2018 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
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Other creditors |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2019 | 2018 |
£ | £ |
Bank loans |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Loans more than 5 years | 179,426 | 188,787 |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2019 | 2018 |
£ | £ |
Bank loans |
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Bank facilities are secured by a fixed charge on each of the company's investment properties. |
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8. | RELATED PARTY DISCLOSURES |
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Other creditors include £100,252 (2016: £106,552) from Project Kahn Limited, £370,896 (2016: £365,555) from |
Kahn Landmark Limited. Mr A Kahn is a director and a beneficial holder of more than 20% of the issued share |
capital of Kahn Landmark Limited. |