Registered number
04533515
CALDY PARK LIMITED
Filleted Accounts
31 July 2023
CALDY PARK LIMITED
Registered number: 04533515
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,000,649 1,000,811
Current assets
Cash at bank and in hand 13,837 983
Creditors: amounts falling due within one year 4 (305,789) (301,239)
Net current liabilities (291,952) (300,256)
Total assets less current liabilities 708,697 700,555
Provisions for liabilities (67,355) (67,355)
Net assets 641,342 633,200
Capital and reserves
Called up share capital 2 2
Profit and loss account 641,340 633,198
Shareholder's funds 641,342 633,200
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G J Young
Director
Approved by the board on 15 April 2024
CALDY PARK LIMITED
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Rental income
Rental income represents the value of rents receivable under occupational leases and is credited to the profit and loss account on a straight line basis over the terms of the leases.
Investment properties
Investment properties are included at the purchased cost, including directly attributable expenditure. Changes in fair value of the property are charged (or credited) to the profit and loss account of the period. Depreciation is not provided in respect of freehold investment properties.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost/valuation
At 1 August 2022 1,000,000 14,421 1,014,421
At 31 July 2023 1,000,000 14,421 1,014,421
Depreciation
At 1 August 2022 - 13,610 13,610
Charge for the year - 162 162
At 31 July 2023 - 13,772 13,772
Net book value
At 31 July 2023 1,000,000 649 1,000,649
At 31 July 2022 1,000,000 811 1,000,811
Freehold land and buildings: 2023 2022
£ £
Historical cost 647,529 647,529
Cumulative depreciation based on historical cost - -
647,529 647,529
The investment property is stated at fair value based on a valuation carried out by the director in 2015. The valuation is considered fair based on prevailing market conditions at the balance sheet date.
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 305,789 301,239
5 Controlling party
The company is wholly owned and controlled by the director.
6 Other information
CALDY PARK LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
54 Boston Place
London
NW1 6ER
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