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REGISTERED NUMBER: 09976011 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 January 2024

for

CASE Estates Limited

CASE Estates Limited (Registered number: 09976011)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CASE Estates Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs A E McEwan
S N McEwan





REGISTERED OFFICE: Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN





REGISTERED NUMBER: 09976011 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

CASE Estates Limited (Registered number: 09976011)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,068,404 977,072

CURRENT ASSETS
Debtors 551,209 599,598
Cash at bank 21,451 11,672
572,660 611,270
CREDITORS
Amounts falling due within one year 1,210,303 1,050,321
NET CURRENT LIABILITIES (637,643 ) (439,051 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

430,761

538,021

CREDITORS
Amounts falling due after more than one
year

5

-

103,639
NET ASSETS 430,761 434,382

CAPITAL AND RESERVES
Called up share capital 7 44 44
Share premium 409,996 409,996
Fair value reserve 8 4,923 4,923
Retained earnings 15,798 19,419
430,761 434,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CASE Estates Limited (Registered number: 09976011)

Abridged Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





S N McEwan - Director


CASE Estates Limited (Registered number: 09976011)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

CASE Estates Limited is a private company, limited by shares , registered in England and Wales. 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.

As at 31 January 2024, the company's balance sheet reflected net current liabilities amounting to £637,643 (2023 : £439,051) The Director has given assurances that repayment of the loan will not be requested until sufficient funds are available. In addition, the directors are of the opinion that sufficient funds will be available to settle creditors when they fall due for payment. Accordingly, the directors consider the going concern basis of preparation to be appropriate.

Turnover
Turnover represents rents receivable for the year.

Investment property
Investment property is included at fair value. Any gains are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the properties are sold.

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 (2023 - NIL).

CASE Estates Limited (Registered number: 09976011)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 977,072
Additions 91,332
At 31 January 2024 1,068,404
NET BOOK VALUE
At 31 January 2024 1,068,404
At 31 January 2023 977,072

Of the fair value of the investment property at 31 January 2024, £420,000 is based on a directors valuation which the directors believe to be a fair representation of the property value. A property purchased in 2022 at a cost of £535,192 is included in the accounts at this value. Any gain or loss arising from a change in fair value is recognised in the profit or loss in that accounting period.

All additions in the year to 31 January 2024 have been included in the accounts at cost which the directors believe to be a fair representation of their value.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.1.24 31.1.23
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 81,431

6. SECURED DEBTS

On 19 September 2017 a charge was registered with Metro Bank PLC in relation to flat 9 Bevin House, Alfred Street, London, E3 2BB. This charge was satisfied on 21 September 2023.


On 19 September 2017 a charge was registered with Metro Bank PLC containing fixed and floating charges covering all property in the company. This charge was satisfied on 01 March 2024.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/01/23 31/01/22
value: £ £
10 Ordinary A £10 10 10
10 Ordinary B £10 10 10
10 Ordinary C £10 10 10
10 Ordinary D £10 10 10
410,000 Preference £4.10 4.10 4.10

44.10 44.10

The preference shares have no voting rights attached to them, limited rights to dividends and to participate in distributions and first priority in respect of capital (including on a wind up). The preference shares are redeemable.

CASE Estates Limited (Registered number: 09976011)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. RESERVES
Fair
value
reserve
£   
At 1 February 2023
and 31 January 2024 4,923

9. ULTIMATE PARENT COMPANY

The ultimate parent company is Laurel Developments & Consulting Limited. The registered address is Lake House, Market Hill, Royston, England, SG8 9JN.