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REGISTERED NUMBER: 09597609 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Caro Homes Limited

Caro Homes Limited (Registered number: 09597609)






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 Homes Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: N K Carlyle





REGISTERED OFFICE: 33 Netherfield Road North
Liverpool
L5 3TA





REGISTERED NUMBER: 09597609 (England and Wales)





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

Caro Homes Limited (Registered number: 09597609)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 72 108
Investment property 5 1,730,000 1,745,000
1,730,072 1,745,108

CURRENT ASSETS
Debtors 6 69,177 75,202
Cash at bank 22,737 54,390
91,914 129,592
CREDITORS
Amounts falling due within one year 7 524,040 574,285
NET CURRENT LIABILITIES (432,126 ) (444,693 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,297,946

1,300,415

CREDITORS
Amounts falling due after more than one
year

8

979,104

1,297,291
NET ASSETS 318,842 3,124

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 318,841 3,123
318,842 3,124

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 Homes Limited (Registered number: 09597609)

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 Homes Limited (Registered number: 09597609)

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

1. STATUTORY INFORMATION

Caro Homes 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Plant & machinery - 33% Reducing Balance

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).

Caro Homes Limited (Registered number: 09597609)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 June 2023
and 31 May 2024 798
DEPRECIATION
At 1 June 2023 690
Charge for year 36
At 31 May 2024 726
NET BOOK VALUE
At 31 May 2024 72
At 31 May 2023 108

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 June 2023 1,745,000
Disposals (315,000 )
Revaluations 300,000
At 31 May 2024 1,730,000
NET BOOK VALUE
At 31 May 2024 1,730,000
At 31 May 2023 1,745,000

Fair value at 31 May 2024 is represented by:
£
Valuation in 2024 1,730,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Amounts owed by group undertakings 67,187 67,187
Other debtors 1,990 8,015
69,177 75,202

Caro Homes Limited (Registered number: 09597609)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Bank loans and overdrafts 53,442 68,766
Trade creditors 3,772 -
Amounts owed to group undertakings 444,865 473,358
Other creditors 21,961 32,161
524,040 574,285

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£ £
Bank loans 979,104 1,297,291

9. SECURED DEBTS

Security Trustee Services Limited holds a fixed charge over the freehold property known as land off Aughton Park Drive, dated 13 July 2018.

Shawbrook Bank Limited holds a fixed charge over the plots of land on Old School Gardens, Aughton L3 5QE, dated 15 January 2021.

10. RELATED PARTY DISCLOSURES

As at the 31/05/2024 the company was owed £32,085 (2023 - £32,085) from Caro Developments Baltic Limited, £13,488 (2023 - £13,488) from Parker Street Limited, £17,000 (2023 - £17,000) from Caro Lettings Limited and £4,614 (2023 - £4,614) from NKS Estates LLP.

Whilst the company owed £14,753 (2023 - £14,753) to Shaw Street Limited, £500 (2023 - £500) to Oscar Developments Limited, £54,435 (2023 - £54,435) to Caro Estates Limited, £2,340 (2023 - £2,340) to Caro Short Stay Limited, £72,830 (2023 - £67,364) to Carlyle Painters and Decorators Limited, £167,273 (2023 - £167,273) to Citypoint Properties Limited, £5,347 (2023- £39,305) to Caro Developments Poets Place Limited, £18,144 (2023 - £18,144) to Caro Holdings Limited, £56,086 (2023 - £56,086) to Caro Developments Bridewell Limited and £53,157 (2023 - £53,157) to Caro Developments Shaw Street Limited.

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