Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312No description of principal activity2022-11-01false2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC483735 2022-11-01 2023-10-31 SC483735 2021-11-01 2022-10-31 SC483735 2023-10-31 SC483735 2022-10-31 SC483735 2021-11-01 SC483735 c:Director1 2022-11-01 2023-10-31 SC483735 c:Director2 2022-11-01 2023-10-31 SC483735 c:RegisteredOffice 2022-11-01 2023-10-31 SC483735 d:FreeholdInvestmentProperty 2023-10-31 SC483735 d:FreeholdInvestmentProperty 2022-10-31 SC483735 d:CurrentFinancialInstruments 2023-10-31 SC483735 d:CurrentFinancialInstruments 2022-10-31 SC483735 d:Non-currentFinancialInstruments 2023-10-31 SC483735 d:Non-currentFinancialInstruments 2022-10-31 SC483735 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC483735 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 SC483735 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 SC483735 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 SC483735 d:ShareCapital 2022-11-01 2023-10-31 SC483735 d:ShareCapital 2023-10-31 SC483735 d:ShareCapital 2021-11-01 2022-10-31 SC483735 d:ShareCapital 2022-10-31 SC483735 d:ShareCapital 2021-11-01 SC483735 d:RevaluationReserve 2022-11-01 2023-10-31 SC483735 d:RevaluationReserve 2023-10-31 SC483735 d:RevaluationReserve 2022-10-31 SC483735 d:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 SC483735 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC483735 d:RetainedEarningsAccumulatedLosses 2021-11-01 2022-10-31 SC483735 d:RetainedEarningsAccumulatedLosses 2022-10-31 SC483735 d:RetainedEarningsAccumulatedLosses 2021-11-01 SC483735 c:OrdinaryShareClass1 2022-11-01 2023-10-31 SC483735 c:OrdinaryShareClass1 2023-10-31 SC483735 c:OrdinaryShareClass1 2022-10-31 SC483735 c:FRS102 2022-11-01 2023-10-31 SC483735 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC483735 c:FullAccounts 2022-11-01 2023-10-31 SC483735 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC483735 2 2022-11-01 2023-10-31 SC483735 5 2022-11-01 2023-10-31 SC483735 6 2022-11-01 2023-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC483735










CGJO PROPERTIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

 
CGJO PROPERTIES LIMITED
 

COMPANY INFORMATION


Directors
Dr G Gordon 
Mrs C Gordon 




Registered number
SC483735



Registered office
14 City Quay

Dundee

Tayside

DD1 3JA




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
CGJO PROPERTIES LIMITED
REGISTERED NUMBER: SC483735

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Investments
 4 
358,367
349,191

Investment property
 5 
660,950
660,950

  
1,019,317
1,010,141

CURRENT ASSETS
  

Cash at bank and in hand
  
11,985
15,548

  
11,985
15,548

Creditors: amounts falling due within one year
 6 
(664,621)
(663,398)

NET CURRENT LIABILITIES
  
 
 
(652,636)
 
 
(647,850)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
366,681
362,291

Creditors: amounts falling due after more than one year
 7 
(395,067)
(395,067)

  

NET LIABILITIES
  
(28,386)
(32,776)


CAPITAL AND RESERVES
  

Called up share capital 
 8 
100
100

Revaluation reserve
  
8,277
-

Profit and loss account
  
(36,763)
(32,876)

  
(28,386)
(32,776)


Page 1

 
CGJO PROPERTIES LIMITED
REGISTERED NUMBER: SC483735

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 July 2024.




Dr G Gordon
Director

The notes on pages 5 to 8 form part of these financial statements.

Page 2

 
CGJO PROPERTIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2023


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 November 2022
100
-
(32,876)
(32,776)


COMPREHENSIVE INCOME FOR THE YEAR

Profit for the year

-
-
4,390
4,390

Deficit on revaluation of other fixed assets
-
-
(8,277)
(8,277)


OTHER COMPREHENSIVE INCOME FOR THE YEAR
-
-
(8,277)
(8,277)


TOTAL COMPREHENSIVE INCOME FOR THE YEAR
-
-
(3,887)
(3,887)


CONTRIBUTIONS BY AND DISTRIBUTIONS TO OWNERS

Transfer to/from profit and loss account
-
8,277
-
8,277


TOTAL TRANSACTIONS WITH OWNERS
-
8,277
-
8,277


AT 31 OCTOBER 2023
100
8,277
(36,763)
(28,386)


The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
CGJO PROPERTIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 November 2021
100
1,462
1,562


COMPREHENSIVE INCOME FOR THE YEAR

Loss for the year

-
(34,338)
(34,338)


OTHER COMPREHENSIVE INCOME FOR THE YEAR
-
-
-


TOTAL COMPREHENSIVE INCOME FOR THE YEAR
-
(34,338)
(34,338)


TOTAL TRANSACTIONS WITH OWNERS
-
-
-


AT 31 OCTOBER 2022
100
(32,876)
(32,776)


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
CGJO PROPERTIES LIMITED
 

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

1.


GENERAL INFORMATION

CGJO Properties Limited is a private company, limited by shares, incorporated in Scotland with registration number SC483735. The registered office if 14 City Quay, Dundee, DD1 3JA.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The Balance Sheet reports a net liability position. The company can only continue to operate with the support of the directors, who have confirmed that they will continue to financially support the company for the foreseeable future. Therefore, the company will continue to adopt the going concern basis for the preparation of the financial statements.

 
2.3

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 5

 
CGJO PROPERTIES LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.7

REVALUATION OF TANGIBLE FIXED ASSETS

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.8

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 6

 
CGJO PROPERTIES LIMITED
 

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

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


FIXED ASSET INVESTMENTS





Listed investments

£



COST OR VALUATION


At 1 November 2022
349,191


Additions
200


Revaluations
8,976



At 31 October 2023
358,367





5.


INVESTMENT PROPERTY


Freehold investment property

£



VALUATION


At 1 November 2022
660,950



AT 31 OCTOBER 2023
660,950

The 2023 valuations were made by the directors, on an open market value for existing use basis.





6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank loans
22,149
22,149

Other loans
640,193
639,800

Corporation tax
-
249

Other creditors
179
-

Accruals and deferred income
2,100
1,200

664,621
663,398


Bank loans are secured over the properties owned by the company.

Page 7

 
CGJO PROPERTIES LIMITED
 

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

7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
395,067
395,067

395,067
395,067


Bank loans are secured over the properties owned by the company.


8.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



Page 8