REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 May 2024 |
for |
Caro Estates Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
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 were approved by the director and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
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 |
DEPRECIATION |
At 1 June 2023 |
Charge for year |
At 31 May 2024 |
NET BOOK VALUE |
At 31 May 2024 |
At 31 May 2023 |
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 |
Additions |
Disposals | ( |
) |
Revaluations | 783,032 |
At 31 May 2024 |
NET BOOK VALUE |
At 31 May 2024 |
At 31 May 2023 |
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 |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.24 | 31.5.23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.5.24 | 31.5.23 |
£ | £ |
Bank loans |
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 |