Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312truetrue2023-03-15falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC762441 2023-03-14 SC762441 2023-03-15 2024-03-31 SC762441 2022-03-15 2023-03-14 SC762441 2024-03-31 SC762441 c:Director1 2023-03-15 2024-03-31 SC762441 c:Director1 2024-03-31 SC762441 c:Director2 2023-03-15 2024-03-31 SC762441 c:Director2 2024-03-31 SC762441 c:RegisteredOffice 2023-03-15 2024-03-31 SC762441 d:FurnitureFittings 2023-03-15 2024-03-31 SC762441 d:FurnitureFittings 2024-03-31 SC762441 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-15 2024-03-31 SC762441 d:FreeholdInvestmentProperty 2023-03-15 2024-03-31 SC762441 d:FreeholdInvestmentProperty 2024-03-31 SC762441 d:CurrentFinancialInstruments 2024-03-31 SC762441 d:Non-currentFinancialInstruments 2024-03-31 SC762441 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC762441 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC762441 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 SC762441 d:ShareCapital 2024-03-31 SC762441 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC762441 c:OrdinaryShareClass1 2023-03-15 2024-03-31 SC762441 c:OrdinaryShareClass1 2024-03-31 SC762441 c:FRS102 2023-03-15 2024-03-31 SC762441 c:AuditExempt-NoAccountantsReport 2023-03-15 2024-03-31 SC762441 c:FullAccounts 2023-03-15 2024-03-31 SC762441 c:PrivateLimitedCompanyLtd 2023-03-15 2024-03-31 SC762441 e:PoundSterling 2023-03-15 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC762441










CAILA PROPERTIES LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

 
CAILA PROPERTIES LTD
 

COMPANY INFORMATION


Directors
T C Knight (appointed 15 March 2023)
J Z E Sturrock (appointed 15 March 2023)




Registered number
SC762441



Registered office
West Loan
Perth Road

Dundee

DD2 5JP




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
CAILA PROPERTIES LTD
REGISTERED NUMBER: SC762441

BALANCE SHEET
AS AT 31 MARCH 2024

2024
£

Fixed assets
  

Tangible assets
  
411

Investment property
  
90,422

  
90,833

Current assets
  

Cash at bank and in hand
  
3,756

  
3,756

Creditors: amounts falling due within one year
  
(37,448)

Net current (liabilities)/assets
  
 
 
(33,692)

Total assets less current liabilities
  
57,141

Creditors: amounts falling due after more than one year
  
(63,000)

  

Net (liabilities)/assets
  
(5,859)


Capital and reserves
  

Called up share capital 
  
2

Profit and loss account
  
(5,861)

  
(5,859)


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 period 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 16 August 2024.




T C Knight
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
CAILA PROPERTIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Caila Properties Ltd is a company limited by shares incorporated in Scotland within the United Kingdom. The address of the registered office is West Loan, Perth Road, Invergowrie, Dundee, DD2 5JP.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.4

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 balance sheet date in the countries where the Company operates and generates income.

Page 2

 
CAILA PROPERTIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors 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.


3.


Employees



The average monthly number of employees, including directors, during the period was 2.

Page 3

 
CAILA PROPERTIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
548



At 31 March 2024

548



Depreciation


Charge for the period on owned assets
137



At 31 March 2024

137



Net book value



At 31 March 2024
411


5.


Investment property


Freehold investment property

£



Valuation


Additions at cost
90,422



At 31 March 2024
90,422

The 2024 valuations were made by the director, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
£


Historic cost
90,422

90,422

Page 4

 
CAILA PROPERTIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
£

Other creditors
36,228

Accruals and deferred income
1,220

37,448



7.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
63,000

63,000


The bank loan is secured by way of a standard security over the investment property 


8.


Loans


Analysis of the maturity of loans is given below:


2024
£




Amounts falling due after more than 5 years

Bank loans
63,000

63,000

63,000



9.


Share capital

2024
£
Allotted, called up and fully paid


2 Ordinary shares of £1.00 each
2


On incorporation 2 Ordinary shares were alloted, called up and fully paid.


Page 5