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REGISTERED NUMBER: SC686096 (Scotland)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

CAS PROPERTY GROUP LTD

CAS PROPERTY GROUP LTD (REGISTERED NUMBER: SC686096)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


CAS PROPERTY GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: C A Stephen





REGISTERED OFFICE: 25 Millfield Avenue
Inverurie
Aberdeenshire
AB51 4UF





REGISTERED NUMBER: SC686096 (Scotland)





ACCOUNTANTS: Bain Henry Reid
51-53 High Street
Turriff
AB53 4EJ

CAS PROPERTY GROUP LTD (REGISTERED NUMBER: SC686096)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 240,466 110,000

CURRENT ASSETS
Debtors 5 2,554 1,104
Cash at bank 1,926 80,799
4,480 81,903
CREDITORS
Amounts falling due within one year 6 211,545 179,546
NET CURRENT LIABILITIES (207,065 ) (97,643 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,401

12,357

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7 33,400 12,356
SHAREHOLDERS' FUNDS 33,401 12,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 16 October 2023 and were signed by:





C A Stephen - Director


CAS PROPERTY GROUP LTD (REGISTERED NUMBER: SC686096)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

CAS Property Group Ltd is a private company, limited by shares , registered in Scotland. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 110,000
Additions 130,466
At 31 January 2023 240,466
NET BOOK VALUE
At 31 January 2023 240,466
At 31 January 2022 110,000

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2021 28,021
Cost 212,445
240,466

CAS PROPERTY GROUP LTD (REGISTERED NUMBER: SC686096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


4. INVESTMENT PROPERTY - continued

If Investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 81,979 81,979

Investment property was valued on an open market basis on 28 May 2021 by Paragon .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,554 1,104

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 83,597 82,678
CAS Property North loan 4,909 -
Celebrations loan 70,000 -
Taxation 5,449 356
Other creditors 1,450 -
Directors' loan accounts 44,940 95,492
Accruals 1,200 1,020
211,545 179,546

7. RESERVES
Retained
earnings
£   

At 1 February 2022 12,356
Profit for the year 23,044
Dividends (2,000 )
At 31 January 2023 33,400

8. DIRECTOR'S LOANS

The following advances and credits to a director subsisted during the year ended 31 January 2023 and the period ended 31 January 2022:

2023 2022
£    £   
C A Stephen
Balance outstanding at start of year (95,492 ) -
Amounts advanced 103,007 -
Amounts repaid (52,455 ) (95,492 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (44,940 ) (95,492 )