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
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
CAARS PROPERTY LIMITED
Statement of financial position
as at 31 March 2024
Investment property
995,833
995,833
Cash at bank and in hand
58,792
15,742
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)
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
CAARS PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Fair value at 1 April 2023
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
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,901
1,901
Taxes and social security
1,272
-
Directors loan accounts
The Directors do not intend to repay these full during the next 12 months
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
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
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).