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REGISTERED NUMBER: 09597590 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Caro Estates Limited

Caro Estates Limited (Registered number: 09597590)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Caro Estates Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: N K Carlyle





REGISTERED OFFICE: 33 Netherfield Road South
Liverpool
L5 3TA





REGISTERED NUMBER: 09597590 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Caro Estates Limited (Registered number: 09597590)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 - 162
Investment property 5 5,127,458 1,633,043
5,127,458 1,633,205

CURRENT ASSETS
Debtors 6 231,515 310,609
Cash at bank 41,687 92,671
273,202 403,280
CREDITORS
Amounts falling due within one year 7 2,212,012 937,998
NET CURRENT LIABILITIES (1,938,810 ) (534,718 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,188,648

1,098,487

CREDITORS
Amounts falling due after more than one
year

8

1,952,953

972,815
NET ASSETS 1,235,695 125,672

CAPITAL AND RESERVES
Called up share capital 101 1
Share premium 322,213 -
Retained earnings 913,381 125,671
1,235,695 125,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Caro Estates Limited (Registered number: 09597590)

Balance Sheet - continued
31 May 2024


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 26 February 2025 and were signed by:





N K Carlyle - Director


Caro Estates Limited (Registered number: 09597590)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Caro Estates Limited 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
The value of the investment properties are held at historical cost, which the director's believe are reflective of their fair value.

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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 June 2023
and 31 May 2024 810
DEPRECIATION
At 1 June 2023 648
Charge for year 162
At 31 May 2024 810
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 162

Caro Estates Limited (Registered number: 09597590)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 June 2023 1,633,043
Additions 2,771,383
Disposals (60,000 )
Revaluations 783,032
At 31 May 2024 5,127,458
NET BOOK VALUE
At 31 May 2024 5,127,458
At 31 May 2023 1,633,043

Fair value at 31 May 2024 is represented by:
£
Valuation in 2024 5,127,458

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Trade debtors 6,279 5,410
Other debtors 225,236 305,199
231,515 310,609

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Bank loans and overdrafts 155,320 92,477
Trade creditors 9,062 3,236
Taxation and social security 3,650 9,438
Other creditors 2,043,980 832,847
2,212,012 937,998

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£ £
Bank loans 1,952,953 972,815

Caro Estates Limited (Registered number: 09597590)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. SECURED DEBTS

Lloyds Bank PLC holds a fixed charge over the freehold property known as 33 Netherfield Road North, held by the company dated 9 June 2017.

Shawbrook Bank Limited holds a fixed charge over the property held on 11 Third Avenue, dated 6 July 2017.

Shawbrook Bank Limited holds a fixed charge over the property held on 32 Dyson Street, dated 6 December 2017.

Shawbrook Bank Limited holds a fixed charge over the property held on 126 Stuart Road, dated 14 June 2018.

Paragon Bank PLC holds a fixed charge over the property held on 72 Halsbury Road, dated 20 May 2020.

Landbay Partners Limited holds a charge over the property held on 64 Empress Road, dated 11th January 2022.

Landbay Partners Limited holds a charge over the property held on 13 Saxony Road, dated 11th January 2022.

Landbay Partners Limited holds a charge over the property held on 9 Hawgreen Road, dated 7th February 2022.

Shawbrook Bank Limited holds a fixed charge over the property held on 19 Feltwell Road, dated 8th February 2023.

Shawbrook Bank Limited holds a fixed charge over the property held on 35 Jubilee Drive, dated 6th October 2023.

Llloyds Bank PLC holds a fixed and floating charge over the property held on 33 Netherfield Road North, dated 10th July 2017

10. RELATED PARTY DISCLOSURES

As at 31/05/2024, the company was owed £12,027 (2023- £12,027) from Caro Lettings Limited, £5,508 (2023 - £5,508) from Shaw Street Liverpool Limited, £54,435 (2023 - £54,435) from Caro Homes Limited, £8,228 (2023 - £8,228) from Caro Short Stay Limited, £0 (2023 - £7,342) from NKC Estates LLP, £116,840 (2023 - £99,840) from Caro Developments Baltic Limited, £0 (2023 - £53,930) from CDL 5 Limited and £23070.8 (2023 - 43,071) from CDL 6 Limited.



While the company owed £1,363 (2023 - £4,363) to Oscar Developments Liverpool Limited, £197,705.91(2023 - £180,933) to Carlyle Painters and Decorators Limited, £84,492 (2023- £84,492) to Citypoint Properties Limited, £149,336 (2023 - £149,336) to Caro Developments Bridewell Limited, £181,494 (2023 - £181,494) to Caro Holdings Limited, £59,327 (2023 - £59,327) to Caro Developments Poets Place Limited and £190,091.55(2023 - £170,092) to Caro Developments Shaw Street Limited.

All related companies above have the same ultimate controlling party, Mr N Carlyle, who owns 100% share capital.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N K Carlyle.