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REGISTERED NUMBER: SC686096 (Scotland)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

CAS PROPERTY GROUP LTD

CAS PROPERTY GROUP LTD (REGISTERED NUMBER: SC686096)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


CAS PROPERTY GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: C A Stephen





REGISTERED OFFICE: 25 Millfield Avenue
Inverurie
Aberdeenshire
AB51 4UF





REGISTERED NUMBER: SC686096 (Scotland)





ACCOUNTANTS: Bain Henry Reid
51-53 High Street
Turriff
AB53 4EJ

CAS PROPERTY GROUP LTD (REGISTERED NUMBER: SC686096)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 487,736 240,466

CURRENT ASSETS
Debtors 5 23,269 2,554
Cash at bank 74 1,926
23,343 4,480
CREDITORS
Amounts falling due within one year 6 459,724 211,545
NET CURRENT LIABILITIES (436,381 ) (207,065 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,355

33,401

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7 51,354 33,400
SHAREHOLDERS' FUNDS 51,355 33,401

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 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.

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 8 October 2024 and were signed by:





C A Stephen - Director


CAS PROPERTY GROUP LTD (REGISTERED NUMBER: SC686096)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

CAS Property Group Ltd is a private company, limited by shares , registered in Scotland. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 240,466
Additions 247,270
At 31 January 2024 487,736
NET BOOK VALUE
At 31 January 2024 487,736
At 31 January 2023 240,466

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2021 28,021
Cost 459,715
487,736

CAS PROPERTY GROUP LTD (REGISTERED NUMBER: SC686096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. INVESTMENT PROPERTY - continued

If Investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 81,979 81,979

Investment property was valued on an open market basis on 28 May 2021 by Paragon .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,000 -
Other debtors 3,269 2,554
23,269 2,554

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 256,353 83,597
CAS Property North loan 62,909 4,909
Celebrations loan 117,144 70,000
Taxation 5,071 5,449
Other creditors 1,450 1,450
Directors' loan accounts 15,597 44,940
Accruals 1,200 1,200
459,724 211,545

7. RESERVES
Retained
earnings
£   

At 1 February 2023 33,400
Profit for the year 18,954
Dividends (1,000 )
At 31 January 2024 51,354

8. DIRECTOR'S LOANS

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

2024 2023
£    £   
C A Stephen
Balance outstanding at start of year (44,940 ) (95,492 )
Amounts advanced 37,375 103,007
Amounts repaid (8,032 ) (52,455 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (15,597 ) (44,940 )