Company registration number 03978102 (England and Wales)
CAIRNPARK PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
CAIRNPARK PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CAIRNPARK PROPERTIES LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
954
1,956
Current assets
Stocks
313,263
3,374
Debtors
5
141,923
185,291
Cash at bank and in hand
20,459
34,998
475,645
223,663
Creditors: amounts falling due within one year
6
(622,206)
(307,650)
Net current liabilities
(146,561)
(83,987)
Net liabilities
(145,607)
(82,031)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(145,609)
(82,033)
Total equity
(145,607)
(82,031)

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 3 March 2025
K. Donaldson
Director
Company registration number 03978102 (England and Wales)
CAIRNPARK PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

Cairnpark Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, Sheraton House, Lower Road, Chorleywood, Hertfordshire, United Kingdom, WD3 5LH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% Straight Line
Fixtures, fittings & equipment
20% Straight Line
Computer equipment
20% Straight Line
Motor vehicles
25% Reducing Balance
1.5
Stocks

Work in progress is valued at the lower of cost and net realisable value.

1.6
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 current liabilities.

1.7
Financial instruments

The company only has financial instruments of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

CAIRNPARK PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

The Company has not recognised a deferred tax asset of £78,273 (2023: £62,685) arising from losses on the grounds of prudence, as the director cannot foresee with any certainty in the short to medium term the timing of any potential utilisation of such losses.

1.9
Leases

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
3
CAIRNPARK PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 and 30 June 2024
33,672
Depreciation and impairment
At 1 July 2023
31,716
Depreciation charged in the year
1,002
At 30 June 2024
32,718
Carrying amount
At 30 June 2024
954
At 30 June 2023
1,956
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Corporation tax recoverable
25,665
-
0
Other debtors
116,258
185,291
141,923
185,291
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
21,478
18,584
Corporation tax
18,910
-
0
Other taxation and social security
3,140
18,614
Other creditors
578,678
270,452
622,206
307,650

 

7
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Name of related party
Nature of relationship
Cairnpark LBS Properties
Partnership
CAIRNPARK PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
7
Related party transactions
(Continued)
- 5 -
Income
Payments
2024
2023
2024
2023
£
£
£
£
Cairnpark LBS Properties
39,000
781,500
-
0
-
0
Balances with related parties
Amounts owed by
Amounts owed to
related parties
related parties
2024
2023
2024
2023
£
£
£
£
Cairnpark (The Vale)
2,100
-
0
-
0
-
0
Cairnpark LBS Properties
8,774
13,600
-
0
-
0
Cairnpark Properties (Bury Lane) Ltd
91,843
88,165
-
0
-
0
K Donaldson (Director)
-
0
-
0
142,672
-
0
8
Control

The ultimate controlling party is Kevin Donaldson the director.

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