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REGISTERED NUMBER: NI036941 (Northern Ireland)














Unaudited Financial Statements

FOR THE YEAR ENDED

31 December 2023

for

CABRA PROPERTY COMPANY LIMITED

CABRA PROPERTY COMPANY LIMITED (REGISTERED NUMBER: NI036941)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CABRA PROPERTY COMPANY LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr D P Woods





SECRETARY: Mr D P Woods





REGISTERED OFFICE: 27 Rampart Road
Greenbank
Newry
Co. Down
BT34 2JP





REGISTERED NUMBER: NI036941 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

CABRA PROPERTY COMPANY LIMITED (REGISTERED NUMBER: NI036941)

Balance Sheet
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 14,730,566 14,730,566

CURRENT ASSETS
Debtors 5 45,256 159,239
Cash at bank 2,256,348 2,238,831
2,301,604 2,398,070
CREDITORS
Amounts falling due within one year 6 9,560,177 9,637,770
NET CURRENT LIABILITIES (7,258,573 ) (7,239,700 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,471,993

7,490,866

CREDITORS
Amounts falling due after more than one
year

7

-

(720,956

)

PROVISIONS FOR LIABILITIES (79,164 ) (60,164 )
NET ASSETS 7,392,829 6,709,746

CAPITAL AND RESERVES
Called up share capital 15 15
Retained earnings 7,392,814 6,709,731
7,392,829 6,709,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CABRA PROPERTY COMPANY LIMITED (REGISTERED NUMBER: NI036941)

Balance Sheet - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2024 and were signed by:





Mr D P Woods - Director


CABRA PROPERTY COMPANY LIMITED (REGISTERED NUMBER: NI036941)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Cabra Property Company Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 14,730,566
NET BOOK VALUE
At 31 December 2023 14,730,566
At 31 December 2022 14,730,566

CABRA PROPERTY COMPANY LIMITED (REGISTERED NUMBER: NI036941)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 31,607 155,224
Other debtors 13,649 4,015
45,256 159,239

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts - 101,000
Trade creditors 85,338 85,211
Taxation and social security 224,876 192,037
Other creditors 9,249,963 9,259,522
9,560,177 9,637,770

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Bank loans - 720,956