Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Lindsay Anne Gregory 06/12/1995 Claire Elizabeth Payne 28/10/2005 David Smith 31/03/1999 12 February 2025 no description of principal activity 01030116 2024-12-31 01030116 bus:Director1 2024-12-31 01030116 bus:Director2 2024-12-31 01030116 bus:Director3 2024-12-31 01030116 core:CurrentFinancialInstruments 2024-12-31 01030116 core:CurrentFinancialInstruments 2023-12-31 01030116 2023-12-31 01030116 core:RetainedEarningsAccumulatedLosses 2024-12-31 01030116 core:RetainedEarningsAccumulatedLosses 2023-12-31 01030116 2024-01-01 2024-12-31 01030116 bus:FilletedAccounts 2024-01-01 2024-12-31 01030116 bus:SmallEntities 2024-01-01 2024-12-31 01030116 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 01030116 bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 01030116 bus:Director1 2024-01-01 2024-12-31 01030116 bus:Director2 2024-01-01 2024-12-31 01030116 bus:Director3 2024-01-01 2024-12-31 01030116 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 01030116 (England and Wales)

CARAFE (PROPERTY MANAGEMENT) LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

CARAFE (PROPERTY MANAGEMENT) LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

CARAFE (PROPERTY MANAGEMENT) LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
CARAFE (PROPERTY MANAGEMENT) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
Directors Lindsay Anne Gregory
Claire Elizabeth Payne
David Smith
Secretary Claire Elizabeth Payne
Registered office 2nd Floor 168 Shoreditch High Street
London
E1 6RA
United Kingdom
Company number 01030116 (England and Wales)
Accountant Kreston Reeves LLP
Montague Place
Quayside
Chatham Maritime
Chatham
ME4 4QU

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CARAFE (PROPERTY MANAGEMENT) LIMITED

For the financial year ended 31 December 2024

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CARAFE (PROPERTY MANAGEMENT) LIMITED (continued)

For the financial year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Carafe (Property Management) Limited for the financial year ended 31 December 2024 which comprise the Balance Sheet and the related notes 1 to 5 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Carafe (Property Management) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Carafe (Property Management) Limited. You consider that Carafe (Property Management) Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Carafe (Property Management) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Carafe (Property Management) Limited, as a body, in accordance with the terms of our engagement letter dated 22 February 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Carafe (Property Management) Limited and state those matters that we have agreed to state to the Board of Directors of Carafe (Property Management) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Carafe (Property Management) Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

Montague Place
Quayside
Chatham Maritime
Chatham
ME4 4QU

12 February 2025

CARAFE (PROPERTY MANAGEMENT) LIMITED

BALANCE SHEET

As at 31 December 2024
CARAFE (PROPERTY MANAGEMENT) LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Current assets
Debtors 3 2,914 3,218
Cash at bank and in hand 2,021 1,723
4,935 4,941
Creditors: amounts falling due within one year 4 ( 659) ( 659)
Net current assets 4,276 4,282
Total assets less current liabilities 4,276 4,282
Net assets 4,276 4,282
Reserves
Profit and loss account 4,276 4,282
Total reserves 4,276 4,282

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Carafe (Property Management) Limited (registered number: 01030116) were approved and authorised for issue by the Board of Directors on 12 February 2025. They were signed on its behalf by:

Claire Elizabeth Payne
Director
CARAFE (PROPERTY MANAGEMENT) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
CARAFE (PROPERTY MANAGEMENT) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Carafe (Property Management) Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor 168 Shoreditch High Street, London, E1 6RA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises service charges received from the flat owners.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Debtors

2024 2023
£ £
Prepayments 2,704 3,218
Other debtors 210 0
2,914 3,218

4. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 648 648
Other creditors 11 11
659 659

5. Liability of members

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is labile to contribute £1 towards the assets of the company in the event of liquidation.