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CATHQUAD PROPERTIES LIMITED

Registered Number
02707914
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

CATHQUAD PROPERTIES LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

CRITICOS, Georgios

Registered Address

4b High Street
Wheathampstead
St. Albans
AL4 8AA

Registered Number

02707914 (England and Wales)
CATHQUAD PROPERTIES LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3457,834465,667
457,834465,667
Current assets
Debtors18,79424,483
Cash at bank and on hand1,730355
20,52424,838
Creditors amounts falling due within one year(38,859)(43,967)
Net current assets (liabilities)(18,335)(19,129)
Total assets less current liabilities439,499446,538
Creditors amounts falling due after one year(398,898)(404,586)
Provisions for liabilities(60,000)(60,000)
Net assets(19,399)(18,048)
Capital and reserves
Called up share capital5050
Revaluation reserve350,000350,000
Other reserves5050
Profit and loss account(369,499)(368,148)
Shareholders' funds(19,399)(18,048)
The financial statements were approved and authorised for issue by the Director on 21 January 2025, and are signed on its behalf by:
CRITICOS, Georgios
Director
Registered Company No. 02707914
CATHQUAD PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from rendering of services
Revenue comprises the value of rental income is recognised to the extent that is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue comprises the value of rental income is measured as the fair value of the consideration received or receivable excluding discounts, rebates, value added taxand other sales taxes.
Borrowing costs
All borrowing costs are recognised in profit and loss in the year in which they are incurred.
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 of the proceeds of the associated capital instrument.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 May 23473,500
At 30 April 24473,500
Depreciation and impairment
At 01 May 237,833
Charge for year7,833
At 30 April 2415,666
Net book value
At 30 April 24457,834
At 30 April 23465,667
4.Events after reporting date
The company completed a sale of its main commercial property and the transaction was executed in accordance with prevailing market conditions and adherence to all necessary approvals.
5.Controlling party
The controlling party is Georgios Criticos, a director of the parent company Cathquad Holdings Limited.