IRIS Accounts Production v24.3.0.553 09950458 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099504582023-03-31099504582024-03-31099504582023-04-012024-03-31099504582022-03-31099504582022-04-012023-03-31099504582023-03-3109950458ns15:EnglandWales2023-04-012024-03-3109950458ns14:PoundSterling2023-04-012024-03-3109950458ns10:Director12023-04-012024-03-3109950458ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109950458ns10:SmallEntities2023-04-012024-03-3109950458ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109950458ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109950458ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109950458ns10:FullAccounts2023-04-012024-03-3109950458ns10:Director22023-04-012024-03-3109950458ns10:RegisteredOffice2023-04-012024-03-3109950458ns5:CurrentFinancialInstruments2024-03-3109950458ns5:CurrentFinancialInstruments2023-03-3109950458ns5:Non-currentFinancialInstruments2024-03-3109950458ns5:Non-currentFinancialInstruments2023-03-3109950458ns5:ShareCapital2024-03-3109950458ns5:ShareCapital2023-03-3109950458ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-3109950458ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3109950458ns5:RetainedEarningsAccumulatedLosses2024-03-3109950458ns5:RetainedEarningsAccumulatedLosses2023-03-3109950458ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3109950458ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3109950458ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3109950458ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-31
REGISTERED NUMBER: 09950458 (England and Wales)









Financial Statements

for the Year Ended 31 March 2024

for

Caldecote Properties Ltd

Caldecote Properties Ltd (Registered number: 09950458)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Caldecote Properties Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R Fraser
L Fraser





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 09950458 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Caldecote Properties Ltd (Registered number: 09950458)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 1,745,616 1,745,616

CURRENT ASSETS
Debtors 5 2,654 2,396
Cash at bank 28,491 8,161
31,145 10,557
CREDITORS
Amounts falling due within one year 6 (42,929 ) (63,827 )
NET CURRENT LIABILITIES (11,784 ) (53,270 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,733,832

1,692,346

CREDITORS
Amounts falling due after more than one
year

7

(1,244,856

)

(1,245,195

)

PROVISIONS FOR LIABILITIES (46,256 ) (46,256 )
NET ASSETS 442,720 400,895

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 208,029 208,029
Retained earnings 234,591 192,766
442,720 400,895

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:




R Fraser - Director


Caldecote Properties Ltd (Registered number: 09950458)

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

1. STATUTORY INFORMATION

Caldecote Properties Ltd 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.

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.

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

Income is recognised over the period of the tenancy agreement.

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 Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,745,616
NET BOOK VALUE
At 31 March 2024 1,745,616
At 31 March 2023 1,745,616

Caldecote Properties Ltd (Registered number: 09950458)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 85,236
Valuation in 2020 90,000
Valuation in 2021 (175,235 )
Valuation in 2022 254,285
Cost 1,491,330
1,745,616

The fair value of the investment properties has been arrived at on the basis of a valuation carried out at 31 March 2024 by the directors of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,654 2,396

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 206
Taxation and social security 13,302 4,202
Other creditors 29,627 59,419
42,929 63,827

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,244,856 1,245,195

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,244,856 1,245,195

8. SECURED DEBTS

The bank loans are secured by way of a fixed charge on the investment property and a floating charge covering all property of the company.

9. RELATED PARTY DISCLOSURES

Included within other creditors at the year end is an aggregate amount due to the directors of £26,532 (2023: £56,532). This amount has been provided unsecured, interest free and is repayable on demand.

10. OTHER RESERVES

Included within other reserves are non-distributable reserves of £208,029 (2023: £208,029) which relate to the revaluation of investment property.