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Registered number: 08403754
Care Real Estate Three Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
ACTS Global Ltd
3rd Floor, Norvin House
45-55 Commercial Street
London
E1 6BD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08403754
2023 2022
Notes
FIXED ASSETS
Investment Properties 4 1,407,240 1,407,240
1,407,240 1,407,240
CURRENT ASSETS
Debtors 5 750 750
Investments 6 79,868 93,417
Cash at bank and in hand 10,907 12,351
91,525 106,518
Creditors: Amounts Falling Due Within One Year 7 (107,930 ) (100,000 )
NET CURRENT ASSETS (LIABILITIES) (16,405 ) 6,518
TOTAL ASSETS LESS CURRENT LIABILITIES 1,390,835 1,413,758
NET ASSETS 1,390,835 1,413,758
CAPITAL AND RESERVES
Called up share capital 8 1,428,765 1,428,765
Profit and Loss Account (37,930 ) (15,007 )
SHAREHOLDERS' FUNDS 1,390,835 1,413,758
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved and signed by the director and authorised for issue on 1 August 2024.
Mr Soobaschand Seebaluck
Director
1st August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Care Real Estate Three Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08403754 . The registered office is 3rd Floor Norvin House, 45-55 Commercial Street, London, E1 6BD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in euro, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest euro.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2.2. Turnover
Turnover represents amount receivable for sales of shares and bonds.

2.3. Investment Properties
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 any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in the profit and loss account.
2.4. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euro at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Leases
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
2.8. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Investment Property
2023
Fair Value
As at 1 January 2023 and 31 December 2023 1,407,240
5. Debtors
2023 2022
Due within one year
Other debtors 750 750
6. Current Asset Investments
2023 2022
Other investments, held for sale 79,868 93,417
7. Creditors: Amounts Falling Due Within One Year
2023 2022
Bank loans and overdrafts 7,930 -
Other creditors 100,000 100,000
107,930 100,000
8. Share Capital
2023 2022
Allotted, Called up and fully paid 1,428,765 1,428,765
1,242,290 Ordinary shares of £1 each
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