Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30119218211921822022-04-01falseproperty investment and related consultancy services33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00822238 2022-04-01 2023-09-30 00822238 2021-04-01 2022-03-31 00822238 2023-09-30 00822238 2022-03-31 00822238 2021-04-01 00822238 c:Director1 2022-04-01 2023-09-30 00822238 d:FurnitureFittings 2022-04-01 2023-09-30 00822238 d:FurnitureFittings 2023-09-30 00822238 d:FurnitureFittings 2022-03-31 00822238 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-09-30 00822238 d:FreeholdInvestmentProperty 2023-09-30 00822238 d:FreeholdInvestmentProperty 2022-03-31 00822238 d:LeaseholdInvestmentProperty 2023-09-30 00822238 d:LeaseholdInvestmentProperty 2022-03-31 00822238 d:CurrentFinancialInstruments 2023-09-30 00822238 d:CurrentFinancialInstruments 2022-03-31 00822238 d:Non-currentFinancialInstruments 2023-09-30 00822238 d:Non-currentFinancialInstruments 2022-03-31 00822238 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 00822238 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 00822238 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 00822238 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 00822238 d:ShareCapital 2023-09-30 00822238 d:ShareCapital 2022-03-31 00822238 d:ShareCapital 2021-04-01 00822238 d:RevaluationReserve 2022-04-01 2023-09-30 00822238 d:RevaluationReserve 2023-09-30 00822238 d:RevaluationReserve 2021-04-01 2022-03-31 00822238 d:RevaluationReserve 2022-03-31 00822238 d:RevaluationReserve 2021-04-01 00822238 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-09-30 00822238 d:RetainedEarningsAccumulatedLosses 2023-09-30 00822238 d:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 00822238 d:RetainedEarningsAccumulatedLosses 2022-03-31 00822238 d:RetainedEarningsAccumulatedLosses 2021-04-01 00822238 d:OtherDeferredTax 2023-09-30 00822238 d:OtherDeferredTax 2022-03-31 00822238 c:OrdinaryShareClass1 2022-04-01 2023-09-30 00822238 c:OrdinaryShareClass1 2023-09-30 00822238 c:FRS102 2022-04-01 2023-09-30 00822238 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-09-30 00822238 c:FullAccounts 2022-04-01 2023-09-30 00822238 c:PrivateLimitedCompanyLtd 2022-04-01 2023-09-30 00822238 2 2022-04-01 2023-09-30 00822238 e:PoundSterling 2022-04-01 2023-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 00822238










CLARIDOR PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2023

 
CLARIDOR PROPERTIES LIMITED
REGISTERED NUMBER: 00822238

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

30 September
31 March
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,005
-

Investment property
 5 
596,091
596,091

Current assets
  

Debtors: amounts falling due after more than one year
 6 
3,073
5,319

Debtors: amounts falling due within one year
 6 
855,770
780,726

Cash at bank and in hand
  
29,229
41,639

  
888,072
827,684

Creditors: amounts falling due within one year
 7 
(441,585)
(415,352)

Net current assets
  
 
 
446,487
 
 
412,332

Total assets less current liabilities
  
1,044,583
1,008,423

Creditors: amounts falling due after more than one year
 8 
(13,963)
(26,527)

Provisions for liabilities
  

Deferred tax
 9 
(49,783)
(49,783)

  
 
 
(49,783)
 
 
(49,783)

Net assets
  
980,837
932,113


Capital and reserves
  

Called up share capital 
 10 
10,000
10,000

Investment property fair value reserve
 11 
305,415
305,415

Profit and loss account
 11 
665,422
616,698

  
980,837
932,113


Page 1

 
CLARIDOR PROPERTIES LIMITED
REGISTERED NUMBER: 00822238

BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 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 comprehensive income 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 by: 




B R Galan
Director

Date: 10 September 2024

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
CLARIDOR PROPERTIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 SEPTEMBER 2023


Called up share capital
Investment property fair value reserve
Profit and loss account
Total equity

£
£
£
£


At 1 April 2021
10,000
340,463
587,074
937,537


Comprehensive income for the year

Profit for the year
-
-
54,576
54,576

Dividends: Equity capital
-
-
(60,000)
(60,000)

Transfer between reserves
-
(35,048)
35,048
-



At 1 April 2022
10,000
305,415
616,698
932,113


Comprehensive income for the period

Profit for the period
-
-
108,724
108,724

Dividends: Equity capital
-
-
(60,000)
(60,000)


At 30 September 2023
10,000
305,415
665,422
980,837


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
CLARIDOR PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

1.


General information

Claridor Properties Limited is a private company, limited by shares, incorporated in England and Wales. The address of its registered office is 29 Broad Walk, London, N21 3BU.
The financial statements are presented in pound sterling which is the functional currency of the company.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Turnover represents rents receivable during the period/ year from investment properties.
Rental income from investment properties is accrued on a time apportioned basis under the term of the lease.

Rendering of services

Revenue 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 revenue 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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Page 4

 
CLARIDOR PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

Interest income

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

 
2.6

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.

 
2.7

Borrowing costs

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

 
2.8

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. 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 corporation 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

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.

Page 5

 
CLARIDOR PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
on cost

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.

 
2.10

Investment property

Investment property is carried at fair value determined annually 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.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
CLARIDOR PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

3.


Employees

2023
2022
£
£

Wages and salaries
23,628
13,730

Social security costs
780
675

24,408
14,405


The average monthly number of employees, including directors, during the period was 3 (2022 - 3).


4.


Tangible fixed assets







Fixtures and fittings

£



Cost


Additions
2,500



At 30 September 2023

2,500



Depreciation


Charge for the period on owned assets
495



At 30 September 2023

495



Net book value



At 30 September 2023
2,005



At 31 March 2022
-

Page 7

 
CLARIDOR PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

5.


Investment property





Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 April 2022
340,000
256,091
596,091



At 30 September 2023
340,000
256,091
596,091

The 2023 valuations were made by the director, B R Galan, a Chartered Surveyor, on a fair value for existing use basis.







Page 8

 
CLARIDOR PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

6.


Debtors

30 September
31 March
2023
2022
£
£

Due after more than one year

Prepayments and accrued income
3,073
5,319


30 September
31 March
2023
2022
£
£

Due within one year

Trade debtors
11,033
11,910

Other debtors
840,847
765,237

Prepayments and accrued income
3,890
3,579

855,770
780,726



7.


Creditors: Amounts falling due within one year

30 September
31 March
2023
2022
£
£

Bank loan
8,378
8,385

Trade creditors
-
1,464

Corporation tax
29,823
21,023

Other taxation and social security
511
1,075

Other creditors
385,447
377,945

Accruals and deferred income
17,426
5,460

441,585
415,352



8.


Creditors: Amounts falling due after more than one year

30 September
31 March
2023
2022
£
£

Bank loan
13,963
26,527


Page 9

 
CLARIDOR PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

9.


Deferred taxation






2023
2022


£

£






At beginning of period/ year
(49,783)
(39,735)


Charged to profit or loss
-
(10,048)



At end of period/ year
(49,783)
(49,783)

The provision for deferred taxation is made up as follows:

30 September
31 March
2023
2022
£
£


Fair value gain on revaluation of investment property
(49,783)
(49,783)

(49,783)
(49,783)


10.


Share capital

30 September
31 March
2023
2022
£
£
Allotted, called up and fully paid



10,000 Ordinary shares of £1 each
10,000
10,000



11.


Reserves

Revaluation reserve

The investment property fair value reserve represents the unrealised fair value surpluses and deficits arising on the revaluation of investment properties to their fair value including the estimated deferred tax arisiing on these surpluses and deficits.


12.


Related party transactions

At the balance sheet date the balance due to the directors was £370,121 (2022 - £364,113).


Page 10