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REGISTERED NUMBER: 04921899 (England and Wales)















CAROLINE HOUSE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






CAROLINE HOUSE LIMITED (REGISTERED NUMBER: 04921899)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAROLINE HOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: C J Freeman





SECRETARY: M A James





REGISTERED OFFICE: Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG





REGISTERED NUMBER: 04921899 (England and Wales)





ACCOUNTANTS: Atkinson Finch & Co
Chartered Accountants
Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG

CAROLINE HOUSE LIMITED (REGISTERED NUMBER: 04921899)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 682 910
Investments 5 1 1
Investment property 6 1,200,000 1,200,000
1,200,683 1,200,911

CURRENT ASSETS
Debtors 7 183,200 177,736
Cash at bank 111 1,077
183,311 178,813
CREDITORS
Amounts falling due within one year 8 34,916 45,630
NET CURRENT ASSETS 148,395 133,183
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,349,078

1,334,094

CREDITORS
Amounts falling due after more than one
year

9

(747,198

)

(747,267

)

PROVISIONS FOR LIABILITIES (17,428 ) (17,471 )
NET ASSETS 584,452 569,356

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 367,892 367,892
Retained earnings 216,559 201,463
SHAREHOLDERS' FUNDS 584,452 569,356

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

CAROLINE HOUSE LIMITED (REGISTERED NUMBER: 04921899)

BALANCE SHEET - continued
31ST MARCH 2023


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 1st November 2023 and were signed by:





C J Freeman - Director


CAROLINE HOUSE LIMITED (REGISTERED NUMBER: 04921899)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Caroline House Limited 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 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.

Significant judgements and estimates
There are no significant judgements that have a material effect on the financial statements nor any accounting estimates that have a high risk of causing a material adjustment in a future accounting period.

Turnover
This represents rents receivable from investment properties.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is carried at fair value. Revaluation surpluses or deficits are recognised in the income statement. Deferred taxation is provided on these gains and the net of revaluation and deferred tax movement transferred to a fair value reserve.

The director reviews the property portfolio each year and adjusts the carrying value where he believes that there is a material adjustment to the previous year.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

CAROLINE HOUSE LIMITED (REGISTERED NUMBER: 04921899)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022
and 31st March 2023 1,619
DEPRECIATION
At 1st April 2022 709
Charge for year 228
At 31st March 2023 937
NET BOOK VALUE
At 31st March 2023 682
At 31st March 2022 910

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2022
and 31st March 2023 1
NET BOOK VALUE
At 31st March 2023 1
At 31st March 2022 1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Pepper Box (UK) Limited
Registered office: Central Chambers 45-47 Albert Street, Rugby, Warwickshire CV21 2SG.
Nature of business: property rental.
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves 202,487 202,710
Profit for the year 12,049 15,195

CAROLINE HOUSE LIMITED (REGISTERED NUMBER: 04921899)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022
and 31st March 2023 1,200,000
NET BOOK VALUE
At 31st March 2023 1,200,000
At 31st March 2022 1,200,000

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2021 385,190
Cost 814,810
1,200,000

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

2023 2022
£    £   
Cost 814,810 814,810

Investment property was valued on an open market basis on 31st March 2021 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by Pepper Box (UK) Ltd 182,910 177,442
Other debtors 5 -
Prepayments 285 294
183,200 177,736

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,470 28,669
Trade creditors 2,943 3,597
Corporation tax payable 1,708 5,144
Other creditors - 3,461
Directors' current accounts 2,749 2,899
Accrued expenses 2,046 1,860
34,916 45,630

CAROLINE HOUSE LIMITED (REGISTERED NUMBER: 04921899)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - more than 5 years
by instalments 747,198 747,267
747,198 747,267

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years
by instalments 747,198 747,267
747,198 747,267

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 772,304 775,936

The bank loan accounts and overdraft are secured by a fixed charge over the land and buildings owned by the company.