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REGISTERED NUMBER: 01011866 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Cavendish Estate Agencies Limited

Cavendish Estate Agencies Limited (Registered number: 01011866)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company information 1

Abridged statement of financial position 2

Notes to the financial statements 4


Cavendish Estate Agencies Limited

Company Information
for the Year Ended 31st March 2024







Directors: J A Bach
S Bach
S Bach





Registered office: Unit 5
The Mews
16 Holly Bush Lane
Sevenoaks
Kent
TN13 3TH





Registered number: 01011866 (England and Wales)





Accountants: Cooper Paul
Abacus House
14-18 Forest Road
Loughton
Essex
IG10 1DX

Cavendish Estate Agencies Limited (Registered number: 01011866)

Abridged Statement of Financial Position
31st March 2024

2024 2023
Notes £    £   
Fixed assets
Investment property 4 4,020,948 4,755,000

Current assets
Debtors 1,000 78,910
Cash at bank 9,529 17,887
10,529 96,797
Creditors
Amounts falling due within one year (187,879 ) (750,237 )
Net current liabilities (177,350 ) (653,440 )
Total assets less current liabilities 3,843,598 4,101,560

Provisions for liabilities (609,450 ) (771,286 )
Net assets 3,234,148 3,330,274

Capital and reserves
Called up share capital 100 100
Fair value reserve 5 2,423,164 2,752,898
Retained earnings 810,884 577,276
Shareholders' funds 3,234,148 3,330,274

Cavendish Estate Agencies Limited (Registered number: 01011866)

Abridged Statement of Financial Position - continued
31st March 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

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 Income statement and an abridged Statement of financial position for the year ended 31st March 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 1st October 2024 and were signed on its behalf by:





S Bach - Director


Cavendish Estate Agencies Limited (Registered number: 01011866)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. Statutory information

Cavendish Estate Agencies 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 modified by the revaluation of certain assets.

Turnover
The turnover shown in the profit and loss account represents rental income during the year.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 3 (2023 - 3 ) .

Cavendish Estate Agencies Limited (Registered number: 01011866)

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

4. Investment property
Total
£   
Fair value
At 1st April 2023 4,755,000
Additions 54,575
Disposals (560,268 )
Revaluations (228,359 )
At 31st March 2024 4,020,948
Net book value
At 31st March 2024 4,020,948
At 31st March 2023 4,755,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2016 5,480,000
Valuation in 2017 750,000
Valuation in 2018 150,000
Valuation in 2019 125,000
Valuation in 2020 130,000
Valuation in 2021 385,000
Valuation in 2022 (1,316,000 )
Valuation in 2023 (949,000 )
Valuation in 2024 (734,052 )
4,020,948

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,167,625 1,277,333

Investment properties were valued on an open market basis basis on 31st March 2024 by the directors .

Cavendish Estate Agencies Limited (Registered number: 01011866)

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

5. Reserves
Fair
value
reserve
£   
At 1st April 2023 2,752,898
Transfer from profit and loss (329,734 )

At 31st March 2024 2,423,164

6. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
J A Bach
Balance outstanding at start of year 78,910 29,087
Amounts advanced - 49,823
Amounts repaid (78,910 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 78,910