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REGISTERED NUMBER: 09771931 (England and Wales)




















Financial Statements

for the Year Ended 30 September 2023

for

CARAMON PROPERTIES LTD

CARAMON PROPERTIES LTD (REGISTERED NUMBER: 09771931)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARAMON PROPERTIES LTD

Company Information
for the Year Ended 30 September 2023







DIRECTOR: P J Keenan





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 09771931 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

CARAMON PROPERTIES LTD (REGISTERED NUMBER: 09771931)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,744 7,482
Investment property 5 1,090,505 1,701,643
1,095,249 1,709,125

CURRENT ASSETS
Debtors 6 4,079 64,642
Cash at bank 66,207 58,804
70,286 123,446
CREDITORS
Amounts falling due within one year 7 (1,041,797 ) (1,643,676 )
NET CURRENT LIABILITIES (971,511 ) (1,520,230 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,738

188,895

CREDITORS
Amounts falling due after more than one
year

8

-

(230,416

)
NET ASSETS/(LIABILITIES) 123,738 (41,521 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 123,638 (41,621 )
SHAREHOLDERS' FUNDS 123,738 (41,521 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

CARAMON PROPERTIES LTD (REGISTERED NUMBER: 09771931)

Balance Sheet - continued
30 September 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 13 March 2024 and were signed by:





P J Keenan - Director


CARAMON PROPERTIES LTD (REGISTERED NUMBER: 09771931)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Caramon Properties 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

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.

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 ) .

CARAMON PROPERTIES LTD (REGISTERED NUMBER: 09771931)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2022 42,260
Additions 4,788
Disposals (32,398 )
At 30 September 2023 14,650
DEPRECIATION
At 1 October 2022 34,778
Charge for year 3,662
Eliminated on disposal (28,534 )
At 30 September 2023 9,906
NET BOOK VALUE
At 30 September 2023 4,744
At 30 September 2022 7,482

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 1,701,643
Additions 16,488
Disposals (627,626 )
At 30 September 2023 1,090,505
NET BOOK VALUE
At 30 September 2023 1,090,505
At 30 September 2022 1,701,643

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 4,079 64,642

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts - 14,050
Trade creditors - 928
Amounts owed to group undertakings 54,049 -
Taxation and social security 44,885 3,086
Other creditors 942,863 1,625,612
1,041,797 1,643,676

CARAMON PROPERTIES LTD (REGISTERED NUMBER: 09771931)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans - 230,416

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 230,416

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Mortgage - 244,465

The mortgage provided by Redwood Bank Ltd is secured against the freehold interest in the land and property known as The Red Lion, 39-41 Winwick Road by way of a fixed and floating charge.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary £1.00 100 100

11. ULTIMATE CONTROLLING PARTY

The controlling party is P J Keenan.

The ultimate controlling party is P J Keenan.

The immediate parent entity is Derrygaligo Ventures Ltd a company based in Cyprus.

Copies of the consolidated group financial statements can be obtained from Romanou,2, Tlias Tower, 1st Floor, Flat/Office 101, Nicosia, 1070, Cyprus