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REGISTERED NUMBER: 08251378 (England and Wales)















CAUNT PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






CAUNT PROPERTIES LIMITED (REGISTERED NUMBER: 08251378)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CAUNT PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs P L Caunt
S M Caunt
N J Caunt



REGISTERED OFFICE: 5 St. Vincent's
Sleaford
Lincolnshire
NG34 6AP



REGISTERED NUMBER: 08251378 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF



BANKERS: HSBC Bank Plc
130 New Street
Birmingham
West Midlands
B2 4JU

CAUNT PROPERTIES LIMITED (REGISTERED NUMBER: 08251378)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 456,933 461,932
Investment property 5 1,757,443 1,644,246
2,214,376 2,106,178

CURRENT ASSETS
Debtors 6 11,448 12,072
Cash at bank 379,113 457,615
390,561 469,687
CREDITORS
Amounts falling due within one year 7 61,597 72,132
NET CURRENT ASSETS 328,964 397,555
TOTAL ASSETS LESS CURRENT LIABILITIES 2,543,340 2,503,733

PROVISIONS FOR LIABILITIES 7,166 5,311
NET ASSETS 2,536,174 2,498,422

CAPITAL AND RESERVES
Called up share capital 8 230,034 230,034
Share premium 2,005,605 2,005,605
Revaluation reserve 9 61,600 63,455
Retained earnings 238,935 199,328
SHAREHOLDERS' FUNDS 2,536,174 2,498,422

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

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

The directors acknowledge their 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.

CAUNT PROPERTIES LIMITED (REGISTERED NUMBER: 08251378)

STATEMENT OF FINANCIAL POSITION - continued
31 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 Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





S M Caunt - Director


CAUNT PROPERTIES LIMITED (REGISTERED NUMBER: 08251378)

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

1. STATUTORY INFORMATION

Caunt Properties 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.

Turnover
Turnover represents the fair value of rents received from the company's investment properties, which is recognised in the period receivable.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all 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.

Fixed asset investments
Fixed asset investments are stated at the lower of cost and fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

CAUNT PROPERTIES LIMITED (REGISTERED NUMBER: 08251378)

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 461,932
PROVISIONS
Provision for year 4,999
At 31 March 2023 4,999
NET BOOK VALUE
At 31 March 2023 456,933
At 31 March 2022 461,932

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,644,246
Additions 113,197
At 31 March 2023 1,757,443
NET BOOK VALUE
At 31 March 2023 1,757,443
At 31 March 2022 1,644,246

The investment properties were valued by the directors as at 31 March 2023 based on an open market valuation with consideration of the fair values of recent, comparable property sales in the local area.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,568 11,002
Prepayments and accrued income 1,880 1,070
11,448 12,072

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,410 13,285
Tax 20,352 18,104
Other tax and social security 1,694 280
VAT 3,368 1,562
Directors' current accounts 2,704 2,392
Accruals and deferred income 32,069 36,509
61,597 72,132

CAUNT PROPERTIES LIMITED (REGISTERED NUMBER: 08251378)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
230,034 Ordinary 1 230,034 230,034

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022 63,455
Reserves transfer (1,855 )

At 31 March 2023 61,600

The aggregate surplus on re-measurement of investment properties, net of associated deferred tax, is transferred to a separate non-distributable revaluation reserve in order to assist with the identification of profits available for distribution.