Registered number
04928358
Catchdale Ltd
Report and Unaudited Accounts
For the Year Ended
31 December 2023
Catchdale Ltd
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Statement of changes in equity 6
Notes to the accounts 7
Catchdale Ltd
Company Information
Directors
MD Cotter
Secretary
TL Cotter
Accountants
Jackson & Graham
Lynn Garth
Gillinggate
Kendal
Cumbria
LA9 4JB
Registered office
Lancashire House
Howards Lane
Eccleston, St. Helens
Merseyside
WA10 5QB
Registered number
04928358
Catchdale Ltd
Registered number: 04928358
Directors' Report
The directors present their report and accounts for the year ended 31 December 2023.
Principal activities
The company's principal activity during the year continued to be property developers and property owners.
Directors
The following persons served as directors during the year:
MD Cotter
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 30 July 2024 and signed on its behalf.
MD Cotter
Director
Catchdale Ltd
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Catchdale Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Catchdale Ltd for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Catchdale Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Catchdale Ltd and state those matters that we have agreed to state to the Board of Directors of Catchdale Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Catchdale Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Catchdale Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Catchdale Ltd. You consider that Catchdale Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Catchdale Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Jackson & Graham
Lynn Garth
Gillinggate
Kendal
Cumbria
LA9 4JB
30 July 2024
Catchdale Ltd
Profit and Loss Account
for the year ended 31 December 2023
2023 2022
£ £
Turnover 1,600,000 -
Cost of sales (1,184,368) -
Gross profit 415,632 -
Administrative expenses (100,998) (75,471)
Other operating income 175,815 157,853
Operating profit 490,449 82,382
Interest receivable 39 16
Profit before taxation 490,488 82,398
Tax on profit (114,880) (3)
Profit for the financial year 375,608 82,395
Catchdale Ltd
Registered number: 04928358
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,357,217 2,356,474
Current assets
Stocks - 1,158,931
Debtors 4 - 1,748
Cash at bank and in hand 29,601 16,702
29,601 1,177,381
Creditors: amounts falling due within one year 5 (545,425) (2,068,070)
Net current liabilities (515,824) (890,689)
Net assets 1,841,393 1,465,785
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,841,391 1,465,783
Shareholders' funds 1,841,393 1,465,785
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
TL Cotter
Director
Approved by the board on 30 July 2024
Catchdale Ltd
Statement of Changes in Equity
for the year ended 31 December 2023
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 January 2022 2 - - 1,383,388 1,383,390
Profit for the financial year 82,395 82,395
At 31 December 2022 2 - - 1,465,783 1,465,785
At 1 January 2023 2 - - 1,465,783 1,465,785
Profit for the financial year 375,608 375,608
At 31 December 2023 2 - - 1,841,391 1,841,393
Catchdale Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings Not depreciated
Fixtures & fittings 15% reducing balance
Office equipment 15% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 2,351,361 22,936 2,374,297
Additions - 5,832 5,832
Disposals - (6,759) (6,759)
At 31 December 2023 2,351,361 22,009 2,373,370
Depreciation
At 1 January 2023 - 17,823 17,823
Charge for the year - 3,767 3,767
On disposals - (5,437) (5,437)
At 31 December 2023 - 16,153 16,153
Net book value
At 31 December 2023 2,351,361 5,856 2,357,217
At 31 December 2022 2,351,361 5,113 2,356,474
4 Debtors 2023 2022
£ £
Other debtors - 1,748
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 119 119
Taxation and social security costs 116,580 789
Other creditors 428,726 2,067,162
545,425 2,068,070
6 Other information
Catchdale Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Lancashire House
Howards Lane
Eccleston, St. Helens
Merseyside
WA10 5QB
Catchdale Ltd
Detailed profit and loss account
for the year ended 31 December 2023
This schedule does not form part of the statutory accounts
2023 2022
£ £
Sales 1,600,000 -
Cost of sales (1,184,368) -
Gross profit 415,632 -
Administrative expenses (100,998) (75,471)
Other operating income 175,815 157,853
Operating profit 490,449 82,382
Interest receivable 39 16
Profit before tax 490,488 82,398
Catchdale Ltd
Detailed profit and loss account
for the year ended 31 December 2023
This schedule does not form part of the statutory accounts
2023 2022
£ £
Sales
Sales 1,600,000 -
Cost of sales
Closing work in progress - (1,158,931)
Opening work in progress 1,158,931 1,158,931
Professional fees 25,437 -
1,184,368 -
Administrative expenses
Employee costs:
Wages and salaries 53,857 50,237
Pensions 900 -
Motor & travel 883 1,860
55,640 52,097
Premises costs:
Rates 1,125 294
Service charges 1,981 2,150
Light and heat - 42
Cleaning - 17
3,106 2,503
General administrative expenses:
Telephone and internet 3,601 3,951
Stationery and printing 239 176
Gardening 1,440 1,570
Bank charges 683 715
Insurance 5,198 2,621
Software 180 -
Repairs and maintenance 23,857 8,287
Depreciation 3,767 902
Sundry expenses 626 399
39,591 18,621
Legal and professional costs:
Accountancy fees 2,460 2,250
Advertising and PR 201 -
2,661 2,250
100,998 75,471
Other operating income
Rents 175,815 157,853
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