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REGISTERED NUMBER: 10550000 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

CARIDON MANAGEMENT LTD

CARIDON MANAGEMENT LTD (REGISTERED NUMBER: 10550000)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 OCTOBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CARIDON MANAGEMENT LTD

COMPANY INFORMATION
For The Year Ended 31 OCTOBER 2023







DIRECTOR: Mr M J Carrozzo





REGISTERED OFFICE: Wrencote House
123 High Street
Croydon
Surrey
CR0 0XJ





REGISTERED NUMBER: 10550000 (England and Wales)





AUDITORS: AGK Partners
Chartered Accountants & Statutory Auditors
1 Kings Avenue
London
N21 3NA

CARIDON MANAGEMENT LTD (REGISTERED NUMBER: 10550000)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 287,730 275,820

CURRENT ASSETS
Debtors 5 734,579 422,713
Cash at bank 45,032 77,716
779,611 500,429
CREDITORS
Amounts falling due within one year 6 700,258 203,456
NET CURRENT ASSETS 79,353 296,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,083

572,793

CREDITORS
Amounts falling due after more than one
year

7

-

(39,199

)

PROVISIONS FOR LIABILITIES (54,110 ) (37,187 )
NET ASSETS 312,973 496,407

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 312,873 496,307
SHAREHOLDERS' FUNDS 312,973 496,407

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





Mr M J Carrozzo - Director


CARIDON MANAGEMENT LTD (REGISTERED NUMBER: 10550000)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 OCTOBER 2023

1. STATUTORY INFORMATION

Caridon Management 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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

Revenue is recognized when services are rendered to the customers.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery - 25% on reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


CARIDON MANAGEMENT LTD (REGISTERED NUMBER: 10550000)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Going concern
The company meets its day to day working capital requirement from its reserves and through agreed banking facilities such as finance leases to finance asset purchases. After reviewing the company's forecast and projections, the director is satisfied that the company has adequate resources to continue in operational existence for the forseeable future, including a period of not less than 12 months from the date signing these financial statements. The director has therefore continued to adopt the going concern basis in preparing the company's financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CARIDON MANAGEMENT LTD (REGISTERED NUMBER: 10550000)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 OCTOBER 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2022 268,653 195,350 464,003
Additions 62,716 20,930 83,646
Disposals - (27,035 ) (27,035 )
At 31 October 2023 331,369 189,245 520,614
DEPRECIATION
At 1 November 2022 129,146 59,037 188,183
Charge for year 34,877 24,863 59,740
Eliminated on disposal - (15,039 ) (15,039 )
At 31 October 2023 164,023 68,861 232,884
NET BOOK VALUE
At 31 October 2023 167,346 120,384 287,730
At 31 October 2022 139,507 136,313 275,820

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2022 81,105
Disposals (27,035 )
At 31 October 2023 54,070
DEPRECIATION
At 1 November 2022 45,116
Charge for year 4,798
Eliminated on disposal (15,039 )
At 31 October 2023 34,875
NET BOOK VALUE
At 31 October 2023 19,195
At 31 October 2022 35,989

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 286,041 267,285
Other debtors 448,538 155,428
734,579 422,713

CARIDON MANAGEMENT LTD (REGISTERED NUMBER: 10550000)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 OCTOBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Finance leases 22,370 2,439
Trade creditors 120,552 95,541
Amounts owed to group undertakings 491,973 16,657
Taxation and social security 40,475 72,048
Other creditors 24,888 16,771
700,258 203,456

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Finance leases - 39,199

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 ordinary 1 100 100

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alekos Christofi FCCA (Senior Statutory Auditor)
for and on behalf of AGK Partners

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in other debtors, due within one year, is an amount totalling £164,015 (2022: £110,511 ) due from entities under common control.

These loans are provided interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Caridon Property Limited who is the ultimate controlling party.

The consolidated financial statements of this company are available to the public and may be obtained from company's registered office, being 1 Kings Avenue, Winchmore Hill, London, N21 3NA.