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REGISTERED NUMBER: 00657145 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 APRIL 2024

FOR

M W CAVE LIMITED

M W CAVE LIMITED (REGISTERED NUMBER: 00657145)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M W CAVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 APRIL 2024







DIRECTORS: C J Cave
D J Cave





SECRETARY: C J Cave





REGISTERED OFFICE: Suite 1
Invicta Business Centre
Monument Way, Orbital Park
Ashford
Kent
TN24 0HB





BUSINESS ADDRESS: Selby Farm
Lower Wall Road
West Hythe
Kent
CT21 4NW





REGISTERED NUMBER: 00657145 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Invicta Business Centre
Monument Way
Orbital Park
Ashford
Kent
TN24 0HB

M W CAVE LIMITED (REGISTERED NUMBER: 00657145)

BALANCE SHEET
29 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 725,243 735,946
Investment property 6 380,000 380,000
1,105,243 1,115,946

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 7 129,664 159,572
Cash at bank and in hand 97,614 129,371
228,778 290,443
CREDITORS
Amounts falling due within one year 8 184,211 227,540
NET CURRENT ASSETS 44,567 62,903
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,149,810

1,178,849

CREDITORS
Amounts falling due after more than one
year

9

(98,063

)

(124,572

)

PROVISIONS FOR LIABILITIES (73,414 ) (68,590 )
NET ASSETS 978,333 985,687

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 973,333 980,687
SHAREHOLDERS' FUNDS 978,333 985,687

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

M W CAVE LIMITED (REGISTERED NUMBER: 00657145)

BALANCE SHEET - continued
29 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





C J Cave - Director


M W CAVE LIMITED (REGISTERED NUMBER: 00657145)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024

1. STATUTORY INFORMATION

M W Cave 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on reducing balance
Plant and machinery - 12.5% on reducing balance
Motor vehicles - 25% on reducing balance

No depreciation is provided on freehold land.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The fair value of the investment property at the year end is estimated by the directors based on the market value of the property.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

M W CAVE LIMITED (REGISTERED NUMBER: 00657145)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2024

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet and are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Payments made under operating lease rentals are charged to the profit and loss account as incurred.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST
At 30 April 2023 540,534 148,489 71,143 433,283 1,193,449
Additions - - 1,700 44,750 46,450
Disposals - - - (98,750 ) (98,750 )
At 29 April 2024 540,534 148,489 72,843 379,283 1,141,149
DEPRECIATION
At 30 April 2023 - 133,093 38,726 285,684 457,503
Charge for year - 1,539 4,268 44,648 50,455
Eliminated on disposal - - - (92,052 ) (92,052 )
At 29 April 2024 - 134,632 42,994 238,280 415,906
NET BOOK VALUE
At 29 April 2024 540,534 13,857 29,849 141,003 725,243
At 29 April 2023 540,534 15,396 32,417 147,599 735,946

The net book value for motor vehicles includes £84,049 (2023 - £68,788) in respect of assets held under hire purchase and finance leases.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 April 2023
and 29 April 2024 380,000
NET BOOK VALUE
At 29 April 2024 380,000
At 29 April 2023 380,000

M W CAVE LIMITED (REGISTERED NUMBER: 00657145)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2024

6. INVESTMENT PROPERTY - continued

Fair value at 29 April 2024 is represented by:
£   
Valuation in 2019 271,052
Valuation in 2020 8,948
Valuation in 2021 20,000
Valuation in 2022 50,000
Valuation in 2023 30,000
380,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 126,013 157,284
Other debtors 3,651 2,288
129,664 159,572

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 33,310 31,337
Hire purchase contracts 21,852 15,405
Trade creditors 16,859 26,938
Taxation and social security 23,026 45,706
Other creditors 89,164 108,154
184,211 227,540

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 74,414 107,571
Hire purchase contracts 23,649 17,001
98,063 124,572

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 107,724 138,908
Hire purchase contracts 45,501 32,406
153,225 171,314

The bank loans are secured against the freehold land purchased in the year ended 30 April 2003. Further bank borrowing is secured by a debenture dated August 1991.

Hire purchase finance is secured against the particular assets concerned.

11. RETAINED EARNINGS

Included within retained earnings is £108,948 (2023 £108,948), in respect of the revaluation of the investment property.