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Company Registration No. 11136281 (England and Wales)
CAARS PROPERTY LIMITED Unaudited accounts for the year ended 31 March 2024
CAARS PROPERTY LIMITED Unaudited accounts Contents
Page
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CAARS PROPERTY LIMITED Company Information for the year ended 31 March 2024
Directors
RICHARD EWART ALFORD ROBERT ALFORD
Company Number
11136281 (England and Wales)
Registered Office
Rowan Croft School Lane Winmarleigh Preston Lancashire PR3 0JY England
Accountants
SARA JANE DOBSON 23 DALLAM AVENUE MORECAMBE LANCASHIRE LA4 5BB
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CAARS PROPERTY LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
995,833 
995,833 
Current assets
Inventories
9,000 
10,150 
Debtors
1,718 
1,718 
Cash at bank and in hand
58,792 
15,742 
69,510 
27,610 
Creditors: amounts falling due within one year
(3,173)
(1,901)
Net current assets
66,337 
25,709 
Total assets less current liabilities
1,062,170 
1,021,542 
Creditors: amounts falling due after more than one year
(1,025,986)
(986,564)
Net assets
36,184 
34,978 
Capital and reserves
Called up share capital
600 
600 
Profit and loss account
35,584 
34,378 
Shareholders' funds
36,184 
34,978 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by
RICHARD EWART ALFORD Director Company Registration No. 11136281
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CAARS PROPERTY LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
CAARS PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11136281. The registered office is Rowan Croft, School Lane, Winmarleigh, Preston, Lancashire, PR3 0JY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
995,833 
At 31 March 2024
995,833 
The valuation of the properties have been given as the purchase price and the cost of purchase which would be the cost used in the event of a sale
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,718 
1,718 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,901 
1,901 
Taxes and social security
1,272 
- 
3,173 
1,901 
Directors loan accounts The Directors do not intend to repay these full during the next 12 months
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CAARS PROPERTY LIMITED Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
489,085 
489,057 
Loans from directors
536,901 
497,507 
1,025,986 
986,564 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
300 CLASS A - ORDINARY SHARES of £1 each
300 
300 
300 CLASS B - ORDINARY SHARES of £1 each
300 
300 
600 
600 
9
Transactions with related parties
Related party transactions include £3,600 of rent paid to Richard Alford in respect of 2 Norfolk Street.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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