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REGISTERED NUMBER: 09243404 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 October 2023

for


Caversham North Ltd


Caversham North Ltd (Registered number: 09243404)







Contents of the Financial Statements

for the Year Ended 31 October 2023





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4




Caversham North Ltd


Company Information

for the Year Ended 31 October 2023









DIRECTOR:

S P Savvides







REGISTERED OFFICE:

Suite 1


The Golf Club


Darkes Lane


Potters Bar


EN6 1DE







REGISTERED NUMBER:

09243404 (England and Wales)







Caversham North Ltd (Registered number: 09243404)


Balance Sheet

31 October 2023



31.10.23

31.10.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Investment property

4

450,000


450,000




CURRENT ASSETS

Cash at bank

720


513




CREDITORS

Amounts falling due within one year

5

302,588


300,526



NET CURRENT LIABILITIES

(301,868

)

(300,013

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

148,132


149,987




CREDITORS

Amounts falling due after more than one

year

6

(101,845

)

(101,999

)



PROVISIONS FOR LIABILITIES

7

(12,037

)

(12,037

)


NET ASSETS

34,250


35,951




CAPITAL AND RESERVES

Called up share capital

8

1


1



Fair value reserve

9

51,314


51,314



Retained earnings

9

(17,065

)

(15,364

)


SHAREHOLDERS' FUNDS

34,250


35,951




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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.  


The director acknowledges his 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.


Caversham North Ltd (Registered number: 09243404)


Balance Sheet - continued

31 October 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 director and authorised for issue on 29 July 2024 and were signed by:






S P Savvides - Director



Caversham North Ltd (Registered number: 09243404)


Notes to the Financial Statements

for the Year Ended 31 October 2023


1.

STATUTORY INFORMATION



Caversham North 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.


The presentation currency of the financial statements is the Pound Sterling (£).


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 comprises of rent receivable.



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.


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.


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 1 (2022 - 1 ) .


Caversham North Ltd (Registered number: 09243404)


Notes to the Financial Statements - continued

for the Year Ended 31 October 2023


4.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 November 2022


and 31 October 2023

450,000




NET BOOK VALUE


At 31 October 2023

450,000




At 31 October 2022

450,000





Fair value at 31 October 2023 is represented by:

£   



Valuation in 2021

63,350




Cost

386,650



450,000





The Investment property was valued on an open market basis on 31 October 2023 by the Director .


5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.10.23


31.10.22

£   

£   



Other creditors

302,588


300,526




Included in other creditors is £288,902 owed to Mr S P Savvides the Director of the company.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR



31.10.23


31.10.22

£   

£   



Bank loans

101,845


101,999





Amounts falling due in more than five years:



Repayable otherwise than by instalments


Bank loans more 5 yrs non-inst

101,845


101,999




The bank loan is secured against the Investment Property.

7.

PROVISIONS FOR LIABILITIES


31.10.23


31.10.22

£   

£   



Deferred tax

12,037


12,037




Caversham North Ltd (Registered number: 09243404)


Notes to the Financial Statements - continued

for the Year Ended 31 October 2023


7.

PROVISIONS FOR LIABILITIES - continued



Deferred



tax


£   



Balance at 1 November 2022

12,037




Balance at 31 October 2023

12,037




8.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

31.10.23


31.10.22


value:

£   

£   



1

Ordinary

1

1


1




9.

RESERVES


Fair



Retained


value



earnings


reserve


Totals

£   

£   

£   




At 1 November 2022

(15,364

)

51,314


35,950




Deficit for the year

(1,701

)

(1,701

)



At 31 October 2023

(17,065

)

51,314


34,249