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REGISTERED NUMBER: 04566384 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Caldmore Residential Properties Ltd

Caldmore Residential Properties Ltd (Registered number: 04566384)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Caldmore Residential Properties Ltd (Registered number: 04566384)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 397,551 411,707
Investments 5 1,850,725 1,850,725
Investment property 6 5,233,054 5,057,488
7,481,330 7,319,920

CURRENT ASSETS
Stocks 10,252 8,230
Debtors 7 57,852 64,914
Investments 8 - 115,905
Cash at bank and in hand 309,613 90,154
377,717 279,203
CREDITORS
Amounts falling due within one year 9 2,578,505 2,088,027
NET CURRENT LIABILITIES (2,200,788 ) (1,808,824 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,280,542 5,511,096

CREDITORS
Amounts falling due after more than one year 10 (3,030,498 ) (3,477,503 )

PROVISIONS FOR LIABILITIES (176,927 ) (201,471 )
NET ASSETS 2,073,117 1,832,122

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Non distributable reserve 542,494 542,494
Retained earnings 1,528,623 1,287,628
SHAREHOLDERS' FUNDS 2,073,117 1,832,122

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

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

Caldmore Residential Properties Ltd (Registered number: 04566384)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:





Mr M D Bird - Director


Caldmore Residential Properties Ltd (Registered number: 04566384)

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

1. STATUTORY INFORMATION

Caldmore Residential Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04566384

Registered office: Gorst Barn Farm
Brandhill
Nr Craven Arms
Shropshire
SY7 0PG

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Caldmore Residential Properties Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Office equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Fair value is determined annually by the directors and is derived from the current market rents and investment property yields for comparable real estates.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Caldmore Residential Properties Ltd (Registered number: 04566384)

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

2. ACCOUNTING POLICIES - continued

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.

Rental income
All rental income received or receivable in respect of investment properties is credited to revenue on an accruals basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Office
property equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 445,734 45,496 144,781 5,205 641,216
Additions - 449 1,858 563 2,870
At 31 March 2024 445,734 45,945 146,639 5,768 644,086
DEPRECIATION
At 1 April 2023 84,448 31,058 108,888 5,115 229,509
Charge for year 8,915 2,233 5,662 216 17,026
At 31 March 2024 93,363 33,291 114,550 5,331 246,535
NET BOOK VALUE
At 31 March 2024 352,371 12,654 32,089 437 397,551
At 31 March 2023 361,286 14,438 35,893 90 411,707

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1,850,725
NET BOOK VALUE
At 31 March 2024 1,850,725
At 31 March 2023 1,850,725

Caldmore Residential Properties Ltd (Registered number: 04566384)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 5,057,488
Additions 175,566
At 31 March 2024 5,233,054
NET BOOK VALUE
At 31 March 2024 5,233,054
At 31 March 2023 5,057,488

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2007 484,095
Valuation in 2008 125,000
Valuation in 2009 315,371
Valuation in 2010 39,808
Valuation in 2011 80,811
Valuation in 2012 33,140
Valuation in 2014 (182,175 )
Valuation in 2015 (155,006 )
Valuation in 2020 (71,297 )
Cost 4,563,307
5,233,054

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

2024 2023
£    £   
Cost 4,553,235 4,387,741

Investment property was valued on an open market basis basis on 31 March 2021 by the directors .

In the opinion of the directors the fair value of the properties held at 31 March 2024 had not changed materially from their previous valuation.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,378 42,229
Other debtors 42,474 22,685
57,852 64,914

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments - 115,905

Caldmore Residential Properties Ltd (Registered number: 04566384)

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

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 99,139 128,916
Trade creditors 29,678 22,923
Amounts owed to group undertakings 297,975 305,846
Amounts owed to associates 2,028,690 1,431,756
Taxation and social security 76,722 148,815
Other creditors 46,301 49,771
2,578,505 2,088,027

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,895,235 2,190,332
Other creditors 1,135,263 1,287,171
3,030,498 3,477,503

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 1,498,680 1,674,666

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,994,374 2,319,248

Fixed and floating charges were held over those properties to which bank borrowings relate.