Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-012falsetruefalseNo description of principal activity2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08106871 2022-04-01 2023-03-31 08106871 2021-04-01 2022-03-31 08106871 2023-03-31 08106871 2022-03-31 08106871 c:Director1 2022-04-01 2023-03-31 08106871 d:CurrentFinancialInstruments 2023-03-31 08106871 d:CurrentFinancialInstruments 2022-03-31 08106871 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08106871 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08106871 d:ShareCapital 2023-03-31 08106871 d:ShareCapital 2022-03-31 08106871 d:RetainedEarningsAccumulatedLosses 2023-03-31 08106871 d:RetainedEarningsAccumulatedLosses 2022-03-31 08106871 c:FRS102 2022-04-01 2023-03-31 08106871 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08106871 c:FullAccounts 2022-04-01 2023-03-31 08106871 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 08106871









CARVEN PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
CARVEN PROPERTIES LIMITED
REGISTERED NUMBER: 08106871

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Cash at bank and in hand
  
32,303
50,282

  
32,303
50,282

Creditors: amounts falling due within one year
 4 
(13,338)
(33,512)

Net current assets
  
 
 
18,965
 
 
16,770

  

Net assets
  
18,965
16,770


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
18,865
16,670

  
18,965
16,770


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 October 2023.




N Oven
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
CARVEN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Carven Properties Limited ("the company") is a company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House 3 Hanbury Drive, Leytonstone, London, E11 1GA.
The principal activity of the company is that of a property management company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

The Company's primary source of revenue is management of rental properties. Revenue is recognised in the accounting period in which the services are rendered.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 2

 
CARVEN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
2,392
2,877

Other creditors
8,846
28,655

Accruals and deferred income
2,100
1,980

13,338
33,512



5.


Related party transactions

Included within other creditors is an amount of £8,846 (2022 - £29,780) owed to directors of the company.

 
Page 3