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REGISTERED NUMBER: 10513976 (England and Wales)













Financial Statements

for the Year Ended 31 December 2024

for

Cater Residentials Ltd

Cater Residentials Ltd (Registered number: 10513976)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Cater Residentials Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs E Cater
P R Cater





SECRETARY:





REGISTERED OFFICE: 47 Market Street
Hemsworth
Pontefract
West Yorkshire
WF9 4LR





REGISTERED NUMBER: 10513976 (England and Wales)





ACCOUNTANTS: Integra (Angus Nordon) Ltd
47 Market Street
Hemsworth
Pontefract
WF9 4LR

Cater Residentials Ltd (Registered number: 10513976)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 525,000 395,860

CURRENT ASSETS
Debtors 5 3,049 20,000
Cash at bank 43,185 31,388
46,234 51,388
CREDITORS
Amounts falling due within one year 6 355,952 371,622
NET CURRENT LIABILITIES (309,718 ) (320,234 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,282

75,626

PROVISIONS FOR LIABILITIES 7 28,116 6,341
NET ASSETS 187,166 69,285

CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 119,861 -
Retained earnings 9 67,303 69,283
SHAREHOLDERS' FUNDS 187,166 69,285

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:



Mrs E Cater - Director


Cater Residentials Ltd (Registered number: 10513976)

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

1. STATUTORY INFORMATION

Cater Residentials Ltd 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.

Significant judgements and estimates
The principal accounting policies and significant judgements applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Cater Residentials Ltd (Registered number: 10513976)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 395,860
Revaluations 129,140
At 31 December 2024 525,000
NET BOOK VALUE
At 31 December 2024 525,000
At 31 December 2023 395,860

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2020 18,837
Valuation in 2024 129,140
Cost 377,023
525,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 377,023 377,023

Investment property was valued on an open market basis on 31 December 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,049 20,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 700 -
Tax 2,467 2,681
Directors' current account 352,167 368,443
Accrued expenses 618 498
355,952 371,622

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 28,116 6,341

Cater Residentials Ltd (Registered number: 10513976)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 6,341
Movements arising during year 21,775
Balance at 31 December 2024 28,116

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2024 69,283 - 69,283
Profit for the year 117,881 117,881
Fair value rev'ns unrealised (119,861 ) 119,861 -
At 31 December 2024 67,303 119,861 187,164

Cater Residentials Ltd

Report of the Accountants to the Directors of
Cater Residentials Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Integra (Angus Nordon) Ltd
47 Market Street
Hemsworth
Pontefract
WF9 4LR


26 February 2025