Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30false2023-07-01No description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03191747 2023-07-01 2024-06-30 03191747 2022-07-01 2023-06-30 03191747 2024-06-30 03191747 2023-06-30 03191747 2022-07-01 03191747 c:Director1 2023-07-01 2024-06-30 03191747 d:FreeholdInvestmentProperty 2024-06-30 03191747 d:FreeholdInvestmentProperty 2023-06-30 03191747 d:CurrentFinancialInstruments 2024-06-30 03191747 d:CurrentFinancialInstruments 2023-06-30 03191747 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 03191747 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 03191747 d:ShareCapital 2024-06-30 03191747 d:ShareCapital 2023-06-30 03191747 d:RevaluationReserve 2023-07-01 2024-06-30 03191747 d:RevaluationReserve 2024-06-30 03191747 d:RevaluationReserve 2023-06-30 03191747 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 03191747 d:RetainedEarningsAccumulatedLosses 2024-06-30 03191747 d:RetainedEarningsAccumulatedLosses 2023-06-30 03191747 c:OrdinaryShareClass2 2023-07-01 2024-06-30 03191747 c:OrdinaryShareClass2 2023-06-30 03191747 c:FRS102 2023-07-01 2024-06-30 03191747 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03191747 c:FullAccounts 2023-07-01 2024-06-30 03191747 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03191747 d:OtherDeferredTax 2024-06-30 03191747 d:OtherDeferredTax 2023-06-30 03191747 2 2023-07-01 2024-06-30 03191747 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 03191747














CAXTON PROPERTY COMPANY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2024

 
CAXTON PROPERTY COMPANY LIMITED
REGISTERED NUMBER:03191747

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note

Fixed assets
  

Investment property
 4 
1,760,000
1,760,000

Current assets
  

Debtors: amounts falling due within one year
 5 
333,000
342,000

Cash at bank and in hand
 6 
6,944
24,481

  
339,944
366,481

Creditors: amounts falling due within one year
 7 
(1,181,433)
(1,203,226)

Net current liabilities
  
 
 
(841,489)
 
 
(836,745)

Total assets less current liabilities
  
918,511
923,255

Provisions for liabilities
  

Deferred tax
 8 
(187,371)
(187,371)

Net assets
  
£731,140
£735,884


Capital and reserves
  

Called up share capital 
 9 
4
4

Revaluation reserve
 10 
705,295
705,295

Profit and loss account
 10 
25,841
30,585

  
£731,140
£735,884


Page 1

 
CAXTON PROPERTY COMPANY LIMITED
REGISTERED NUMBER:03191747

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 December 2024.




___________________________
A J Attfield
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CAXTON PROPERTY COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Caxton Property Company Limited is a private company, limited by shares, incorporated in England and Wales. The company registration number is 03191747. The registered office is Caxton Cottage, Ashford Road, Bethersden, Ashford, Kent.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
CAXTON PROPERTY COMPANY LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
CAXTON PROPERTY COMPANY LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Investment property


Freehold investment property



Valuation


At 1 July 2023
1,760,000



At 30 June 2024
1,760,000

The 2024 valuations were made by the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023


Historic cost
£867,334
£867,334


5.


Debtors

2024
2023


Other debtors
£333,000
£342,000



6.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
£6,944
£24,481


Page 5

 
CAXTON PROPERTY COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due within one year

2024
2023

Trade creditors
586
-

Other creditors
1,164,099
1,184,227

Accruals and deferred income
16,748
18,999

£1,181,433
£1,203,226


Page 6

 
CAXTON PROPERTY COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Deferred taxation




2024
2023





At beginning of year
(187,371)
(187,371)



At end of year
£(187,371)
£(187,371)

The provision for deferred taxation is made up as follows:

2024
2023


Revaluation surplus
£187,371
£187,371


9.


Share capital

2024
2023
Allotted, called up and fully paid



Enter number100 Ordinary shares of £0.04 each
£4
£4



10.


Reserves

Revaluation reserve

The revaluation reserve represents non-distributable reserves arising on the revaluation of the investment properties net of the associated deferred tax liability.

Profit and loss account

The profit and loss account represents the general surpluses and deficits arising from the company's activities. The profit and loss account is fully distributable.

Page 7