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REGISTERED NUMBER: 10550000 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

CARIDON MANAGEMENT LTD

CARIDON MANAGEMENT LTD (REGISTERED NUMBER: 10550000)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 OCTOBER 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CARIDON MANAGEMENT LTD

COMPANY INFORMATION
For The Year Ended 31 OCTOBER 2022







DIRECTOR: Mr M J Carrozzo





REGISTERED OFFICE: Wrencote House
123 High Street
Croydon
Surrey
CR0 0XJ





REGISTERED NUMBER: 10550000 (England and Wales)





AUDITORS: AGK Partners
Chartered Accountants & Statutory Auditors
1 Kings Avenue
London
N21 3NA

CARIDON MANAGEMENT LTD (REGISTERED NUMBER: 10550000)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 275,820 222,777

CURRENT ASSETS
Debtors 5 422,713 280,614
Cash at bank 77,716 385,336
500,429 665,950
CREDITORS
Amounts falling due within one year 6 203,456 220,063
NET CURRENT ASSETS 296,973 445,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

572,793

668,664

CREDITORS
Amounts falling due after more than one
year

7

(39,199

)

(40,137

)

PROVISIONS FOR LIABILITIES (37,187 ) (27,216 )
NET ASSETS 496,407 601,311

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 496,307 601,211
496,407 601,311

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 30 October 2023 and were signed by:





Mr M J Carrozzo - Director


CARIDON MANAGEMENT LTD (REGISTERED NUMBER: 10550000)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 OCTOBER 2022

1. STATUTORY INFORMATION

Caridon Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

Revenue is recognized when services are rendered to the customers.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery - 25% on reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

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 statement of financial position date.


CARIDON MANAGEMENT LTD (REGISTERED NUMBER: 10550000)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 OCTOBER 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

Going concern
The company meets its day to day working capital requirement from its reserves and through agreed banking facilities such as finance leases to finance asset purchases. After reviewing the company's forecast and projections, the directors are satisfied that the company has adequate resources to continue in operational existence for the forseeable future, including a period of not less than 12 months from the date signing these financial statements.The directors have therefore continued to adopt the going concern basis in preparing the company's financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2021 249,677 112,855 362,532
Additions 18,976 82,495 101,471
At 31 October 2022 268,653 195,350 464,003
DEPRECIATION
At 1 November 2021 94,173 45,582 139,755
Charge for year 34,973 13,455 48,428
At 31 October 2022 129,146 59,037 188,183
NET BOOK VALUE
At 31 October 2022 139,507 136,313 275,820
At 31 October 2021 155,504 67,273 222,777

CARIDON MANAGEMENT LTD (REGISTERED NUMBER: 10550000)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 OCTOBER 2022

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2021
and 31 October 2022 81,105
DEPRECIATION
At 1 November 2021 36,119
Charge for year 8,997
At 31 October 2022 45,116
NET BOOK VALUE
At 31 October 2022 35,989
At 31 October 2021 44,986

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 267,285 82,949
Amounts owed by group undertakings - 891
Other debtors 155,428 196,774
422,713 280,614

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Finance leases 2,439 5,563
Trade creditors 95,541 83,486
Amounts owed to group undertakings 16,657 -
Taxation and social security 72,048 111,663
Other creditors 16,771 19,351
203,456 220,063

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Finance leases 39,199 40,137

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alekos Christofi FCCA (Senior Statutory Auditor)
for and on behalf of AGK Partners

9. OTHER FINANCIAL COMMITMENTS

The company has annual lease commitment of £42,000 under non-cancellable operating leases for the next one year.

CARIDON MANAGEMENT LTD (REGISTERED NUMBER: 10550000)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 OCTOBER 2022

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Caridon Property Limited who is the ultimate controlling party.

Caridon Property Ltd prepares consolidated financial statements. The registered office of Caridon Property Ltd is 1 Kings Avenue, Winchmore Hill, London, N21 3NA.