CACHET PROPERTY SERVICES LIMITED

Company Registration Number:
SC271829 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

CACHET PROPERTY SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

CACHET PROPERTY SERVICES LIMITED

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

Property Investment



Directors

The director shown below has held office during the whole of the period from
1 April 2022 to 31 March 2023

C Dunn


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 March 2024

And signed on behalf of the board by:
Name: C Dunn
Status: Director

CACHET PROPERTY SERVICES LIMITED

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Investments: 3 715,000 715,331
Total fixed assets: 715,000 715,331
Current assets
Debtors: 4 2,460 2,460
Cash at bank and in hand: 1,098 154
Total current assets: 3,558 2,614
Creditors: amounts falling due within one year: 5 ( 277,671 ) ( 267,847 )
Net current assets (liabilities): (274,113) (265,233)
Total assets less current liabilities: 440,887 450,098
Creditors: amounts falling due after more than one year: 6 ( 235,995 ) ( 235,995 )
Provision for liabilities: ( 5,236 ) ( 5,236 )
Total net assets (liabilities): 199,656 208,867
Capital and reserves
Called up share capital: 1 1
Other reserves: 56,849 56,849
Profit and loss account: 142,806 152,017
Total Shareholders' funds: 199,656 208,867

The notes form part of these financial statements

CACHET PROPERTY SERVICES LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 March 2024
and signed on behalf of the board by:

Name: C Dunn
Status: Director

The notes form part of these financial statements

CACHET PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services supplied.

    Other accounting policies

    Corporation TaxThe taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing differenceFinancial instrumentsBasic financial instruments are recognised at amortised cost, except for investments in nonconvertible 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 or loss.Investment propertiesInvestment property which is property held to earn rentals and/or for capital appreciation, is initially recognized at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognized in the profit and loss account.Going concern After reviewing the forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing it financial statements.

CACHET PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

CACHET PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Fixed assets investments note

Investment property comprises of a commercial building and land available for rent. The fair value of the investment property has been arrived at on the basis of an internal valuation undertaken by the Directors at 31 March 2023 and based on the current market values of similar assets in the area of the company Investments. The Directors deem that the fair value of the assets is £715,000If investment properties were stated on a historical cost basis rather than a fair value basis, the amounts would have been included at £652,921.

CACHET PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
£ £
Other debtors 2,460 2,460
Total 2,460 2,460

CACHET PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 29,996 31,106
Other creditors 247,675 236,741
Total 277,671 267,847

CACHET PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 235,995 235,995
Total 235,995 235,995