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Registered number: 08977227









CARAMORE PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
CARAMORE PROPERTIES LIMITED
 
 
  
ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CARAMORE PROPERTIES LIMITED
FOR THE YEAR ENDED 30 JUNE 2024

You consider that the Company is exempt from an audit for the year ended 30 June 2024. You have acknowledged, on the Balance sheet, your responsibilities for ensuring that the Company keeps adequate accounting records which comply with section 386 of the Companies Act 2006, and for preparing the financial statements which give a true and fair view of the state of affairs of the Company and of its profit or loss for the financial year.

In accordance with your instructions, I have prepared the financial statements on pages 10 from the accounting records of the Company and on the basis of information and explanations you have given to me.

I have not carried out an audit or any other review, and consequently I do not express any opinion on these financial statements.

  



Eclipse Consultancy Limited
 
The Courtyard
14A Sydenham Road
Croydon
CR0 2EE
13 December 2024
Page 1

 
CARAMORE PROPERTIES LIMITED
REGISTERED NUMBER: 08977227

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,529,650
1,531,102

  
1,529,650
1,531,102

Current assets
  

Debtors: amounts falling due within one year
 6 
26,538
29,128

Cash at bank and in hand
 7 
15,638
18,058

  
42,176
47,186

Creditors: amounts falling due within one year
 8 
(183,819)
(172,582)

Net current liabilities
  
 
 
(141,643)
 
 
(125,396)

Total assets less current liabilities
  
1,388,007
1,405,706

Creditors: amounts falling due after more than one year
  
(1,161,030)
(1,160,964)

Provisions for liabilities
  

Deferred tax
  
(42,013)
(42,013)

  
 
 
(42,013)
 
 
(42,013)

Net assets
  
184,964
202,729


Capital and reserves
  

Called up share capital 
  
3
3

Revaluation reserve
  
137,276
137,276

Profit and loss account
  
47,685
65,450

  
184,964
202,729


The directors consider 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 directors acknowledge their 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.

Page 2

 
CARAMORE PROPERTIES LIMITED
REGISTERED NUMBER: 08977227
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

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 by: 




................................................
Chetan Vinodrai Shukla
Director

Date: 13 December 2024

The notes on pages 5 to 10 form part of these financial statements.

Page 3

 

 
CARAMORE PROPERTIES LIMITED


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024



Called up share capital
Revaluation reserve
Profit and loss account
Total equity


£
£
£
£



At 1 July 2022
3
137,276
69,230
206,509





Loss for the year
-
-
(3,780)
(3,780)





At 1 July 2023
3
137,276
65,450
202,729





Loss for the year
-
-
(17,765)
(17,765)



At 30 June 2024
3
137,276
47,685
184,964



The notes on pages 5 to 10 form part of these financial statements.

Page 4

 
CARAMORE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Caramore Properties Limited is a private company limited by shares and incorporated in England Its registered office is:
106 Lower Addiscombe Road
Croydon
Surrey
CR0 6AD

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 5

 
CARAMORE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
10%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 6

 
CARAMORE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

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.

 
2.7

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.


3.


Change in accounting policies

During the year to 30 June 2024, Caramore Properties Limited changed the method of depreciating its plant and machinery from 10% on a reducing balance basis to ten years on a straight-line basis as this revised method better reflects the entity’s consumption of the assets over their useful lives.


4.


Employees




The average monthly number of employees, including directors, during the year was 0 (2023 - 0).

Page 7

 
CARAMORE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Freehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 July 2023
1,525,000
9,300
1,534,300



At 30 June 2024

1,525,000
9,300
1,534,300



Depreciation


At 1 July 2023
-
3,198
3,198


Charge for the year on owned assets
-
1,452
1,452



At 30 June 2024

-
4,650
4,650



Net book value



At 30 June 2024
1,525,000
4,650
1,529,650



At 30 June 2023
1,525,000
6,102
1,531,102


6.


Debtors

2024
2023
£
£


Trade debtors
-
571

Prepayments and accrued income
26,538
28,557

26,538
29,128



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
15,638
18,058

15,638
18,058


Page 8

 
CARAMORE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
11,558
2,071

Corporation tax
-
855

Other creditors
164,768
166,968

Accruals and deferred income
7,493
2,688

183,819
172,582



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,161,030
1,160,964

1,161,030
1,160,964


The following liabilities were secured:

2024
2023
£
£



YBS Loan
1,161,030
1,160,964

1,161,030
1,160,964

Details of security provided:

The Loan from Yorkshire Building Society is secured by a fixed charge over the company's assets which can be referred from MR01 filed at companies house.

Page 9

 
CARAMORE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
1,161,030
1,160,964

1,161,030
1,160,964

1,161,030
1,160,964



11.


Deferred taxation




2024


£






At beginning of year
(42,013)



At end of year
(42,013)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Deferred tax on revaluation
(42,013)
(42,013)

(42,013)
(42,013)


12.


Provisions










At 30 June 2024

 
Page 10