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REGISTERED NUMBER: 02938039 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CAT COMPONENTS (HASTINGS) LIMITED

CAT COMPONENTS (HASTINGS) LIMITED (REGISTERED NUMBER: 02938039)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAT COMPONENTS (HASTINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: T Humphrey
Y S J Humphrey





SECRETARY: T Humphrey





REGISTERED OFFICE: 22 School Lane
Platts Heath
Maidstone
Kent
ME17 2NU





REGISTERED NUMBER: 02938039 (England and Wales)





ACCOUNTANTS: Williams Giles Professional Services Ltd
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH

CAT COMPONENTS (HASTINGS) LIMITED (REGISTERED NUMBER: 02938039)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 230 307
Investment property 5 550,000 550,000
550,230 550,307

CURRENT ASSETS
Debtors 6 201 9,547
Cash at bank 9,307 13,159
9,508 22,706
CREDITORS
Amounts falling due within one year 7 28,423 17,838
NET CURRENT (LIABILITIES)/ASSETS (18,915 ) 4,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

531,315

555,175

PROVISIONS FOR LIABILITIES 28,247 28,247
NET ASSETS 503,068 526,928

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Revaluation reserve 8 171,584 171,584
Retained earnings 306,484 330,344
SHAREHOLDERS' FUNDS 503,068 526,928

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

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

CAT COMPONENTS (HASTINGS) LIMITED (REGISTERED NUMBER: 02938039)

BALANCE SHEET - continued
31 DECEMBER 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 15 April 2024 and were signed on its behalf by:





T Humphrey - Director


CAT COMPONENTS (HASTINGS) LIMITED (REGISTERED NUMBER: 02938039)

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

1. STATUTORY INFORMATION

Cat Components (Hastings) 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services.

Turnover represents income from UK commercial lettings. Turnover is measured on an accruals basis to ensure that rental income is included for period of occupancy.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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.

Financial instruments
Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments.

Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less. Cash at bank is measured at face value.

Financial liabilities - trade creditors and other creditors are measured initially at fair value through the Income Statement and are measured subsequently at amortised cost.

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.


CAT COMPONENTS (HASTINGS) LIMITED (REGISTERED NUMBER: 02938039)

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

2. ACCOUNTING POLICIES - continued
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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 710
DEPRECIATION
At 1 January 2023 403
Charge for year 77
At 31 December 2023 480
NET BOOK VALUE
At 31 December 2023 230
At 31 December 2022 307


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 550,000
NET BOOK VALUE
At 31 December 2023 550,000
At 31 December 2022 550,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2019 99,832
Valuation in 2022 100,000
Cost 350,168
550,000

CAT COMPONENTS (HASTINGS) LIMITED (REGISTERED NUMBER: 02938039)

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

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 350,168 350,168

Investment properties were valued on a fair value basis on 31 December 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 9,313
Other debtors 201 234
201 9,547

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,744 1,765
Other creditors 26,679 16,073
28,423 17,838

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 171,584