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REGISTERED NUMBER: 10356105 (England and Wales)










CAT Settle Properties Ltd

Unaudited Financial Statements

for the Period 1 October 2022 to 27 September 2023






CAT Settle Properties Ltd (Registered number: 10356105)






Contents of the Financial Statements
for the Period 1 October 2022 to 27 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAT Settle Properties Ltd

Company Information
for the Period 1 October 2022 to 27 September 2023







DIRECTOR: Ms C Settle





REGISTERED OFFICE: Shacter Cohen & Bor
31 Sackville Street
Manchester
United Kingdom
M1 3LZ





REGISTERED NUMBER: 10356105 (England and Wales)






CAT Settle Properties Ltd (Registered number: 10356105)

Balance Sheet
27 September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 308,590 318,623

CURRENT ASSETS
Debtors 6 115 845
Cash at bank 24,812 13,892
24,927 14,737
CREDITORS
Amounts falling due within one year 7 (65,044 ) (64,345 )
NET CURRENT LIABILITIES (40,117 ) (49,608 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

268,473

269,015

CREDITORS
Amounts falling due after more than one year 8 (230,625 ) (205,436 )
NET ASSETS 37,848 63,579

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 72,211 81,346
Retained earnings (34,463 ) (17,867 )
SHAREHOLDERS' FUNDS 37,848 63,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

CAT Settle Properties Ltd (Registered number: 10356105)

Balance Sheet - continued
27 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2024 and were signed by:





Ms C Settle - Director


CAT Settle Properties Ltd (Registered number: 10356105)

Notes to the Financial Statements
for the Period 1 October 2022 to 27 September 2023

1. GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Shacter, Cohen & Bor
31 Sackville Street
Manchester
United Kingdom
M1 3LZ

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime)

3. ACCOUNTING POLICIES

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

REVENUE RECOGNITION
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

TAX
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

TANGIBLE ASSETS
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.




CAT Settle Properties Ltd (Registered number: 10356105)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 27 September 2023


DEPRECIATION
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class Depreciation method and rate
Fixtures & fittings 20% Reducing balance

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

TRADE DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

BORROWINGS
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.




CAT Settle Properties Ltd (Registered number: 10356105)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 27 September 2023

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 October 2022 314,135 14,598 328,733
Revaluations (9,135 ) - (9,135 )
At 27 September 2023 305,000 14,598 319,598
DEPRECIATION
At 1 October 2022 - 10,110 10,110
Charge for period - 898 898
At 27 September 2023 - 11,008 11,008
NET BOOK VALUE
At 27 September 2023 305,000 3,590 308,590
At 30 September 2022 314,135 4,488 318,623

Cost or valuation at 27 September 2023 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2023 (9,135 ) - (9,135 )
Cost 314,135 14,598 328,733
305,000 14,598 319,598

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors (430 ) -
Prepayments 545 845
115 845

CAT Settle Properties Ltd (Registered number: 10356105)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 27 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Purchase ledger control a/c 815 77
Other creditors - Cat Settle 10,160 10,160
Other Creditors - Stanley Road developments 815 -
Other Creditor - SCB - 2,990
Directors' current accounts 50,168 49,598
Accrued expenses 3,086 1,520
65,044 64,345

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 230,625 205,436

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary share 1 100 100

10. RESERVES
Revaluation
reserve
£   
At 1 October 2022 81,346
Revaluation on assets (9,135 )

At 27 September 2023 72,211

11. RELATED PARTY DISCLOSURES

There were transactions during the year with two related companies under common ownership.
1. Cat Settle Ltd. The closing inter company balance stood at £10,160 credit (2022 £10,160 credit).

2.Stanley Road Developments Ltd. The closing inter company balance stood at £815credit (2022 Nil).