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REGISTERED NUMBER: 11528713 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 July 2023

for

Cattell Properties Ltd

Cattell Properties Ltd (Registered number: 11528713)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


Cattell Properties Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs W Binnian
D J Binnian
B Binnian
S Binnian
Mrs J R Binnian
Mrs R M Binnian





REGISTERED OFFICE: Bodenham Farm
Wolverley
Kidderminster
Worcestershire
DY11 5SY





REGISTERED NUMBER: 11528713 (England and Wales)





ACCOUNTANTS: Taylor Hobbs
Cherry Tree Barn
Walcot Lane
Drakes Broughton
Pershore
Worcestershire
WR10 2AL

Cattell Properties Ltd (Registered number: 11528713)

Report of the Directors
for the Year Ended 31 July 2023

The directors present their report with the financial statements of the company for the year ended 31 July 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of commercial and residential property rentals.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 August 2022 to the date of this report.

Mrs W Binnian
D J Binnian
B Binnian
S Binnian
Mrs J R Binnian
Mrs R M Binnian

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D J Binnian - Director


12 February 2024

Cattell Properties Ltd (Registered number: 11528713)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 994,950 698,603

CURRENT ASSETS
Debtors 5 2,178 1,299
Cash at bank 6,260 47,645
8,438 48,944
CREDITORS
Amounts falling due within one year 6 608,444 676,000
NET CURRENT LIABILITIES (600,006 ) (627,056 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

394,944

71,547

PROVISIONS FOR LIABILITIES 74,087 -
NET ASSETS 320,857 71,547

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 320,757 71,447
SHAREHOLDERS' FUNDS 320,857 71,547

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Cattell Properties Ltd (Registered number: 11528713)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:





D J Binnian - Director


Cattell Properties Ltd (Registered number: 11528713)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Cattell 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 as modified by the revaluation of certain assets.

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

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost which includes the purchase cost and directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are regonised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 NIL (2022 - NIL).

Cattell Properties Ltd (Registered number: 11528713)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 August 2022 698,603
Revaluations 296,347
At 31 July 2023 994,950
NET BOOK VALUE
At 31 July 2023 994,950
At 31 July 2022 698,603

Cost or valuation at 31 July 2023 is represented by:
£   
Valuation in 2023 296,347
Cost 698,603
994,950

The investment property above consists of 1 commercial property, 4 residential properties and a carpark. The properties (excluding the carpark) have undergone a revaluation process, conducted by the bank, Handlesbanken. The revaluation resulted in a downward adjustment of the properties value from their original cost of £578,603 to £544,950. The Carpark is currently up for sale with an expected sale price of £450,000. The total revaluation of the properties amounts to an increase of £296,347.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 2,178 1,299

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 1,316 1,470
Taxation and social security 6,345 7,181
Other creditors 600,783 667,349
608,444 676,000

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the end of the financial year the amount owed to Directors was £600,063 (2022: £664,216).