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Registration number: 09699567

Cauldon Locks Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Cauldon Locks Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Cauldon Locks Limited

(Registration number: 09699567)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

19,654

23,613

Investment property

5

3,043,961

3,029,108

Investments

100

100

 

3,063,715

3,052,821

Current assets

 

Debtors

6

174,552

63,178

Cash at bank and in hand

 

17,469

13,917

 

192,021

77,095

Creditors: Amounts falling due within one year

7

(393,610)

(265,769)

Net current liabilities

 

(201,589)

(188,674)

Total assets less current liabilities

 

2,862,126

2,864,147

Creditors: Amounts falling due after more than one year

7

(1,193,901)

(1,294,496)

Provisions for liabilities

(437,933)

(368,710)

Net assets

 

1,230,292

1,200,941

Capital and reserves

 

Called up share capital

100

100

Non-distributable reserve

1,237,454

1,306,712

Retained earnings

(7,262)

(105,871)

Shareholders' funds

 

1,230,292

1,200,941

 

Cauldon Locks Limited

(Registration number: 09699567)
Balance Sheet as at 31 July 2024

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 March 2025
 

.........................................
Mr J P Eardley
Director

 

Cauldon Locks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cauldon Locks Shelton New Road
Cliffe Vale
Stoke-On-Trent
Staffordshire
ST4 7AB
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The director of Cauldon Locks Limited has agreed to ensure the company has sufficient funds to meet their day to day working capital requirements.The director considers that these facilities will continue to be made available to the company. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

 

Cauldon Locks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Judgements

In the application of the company's accounting policies, the directors are 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 revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of office and warehouse space in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Cauldon Locks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% straight line basis

Plant and machinery

15% reducing balance basis

Motor vehicles

20% reducing balance basis

Office equipment

33% straight line basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined by the director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Cauldon Locks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 August 2023

8,624

5,443

13,860

13,650

41,577

Additions

-

1,339

-

-

1,339

At 31 July 2024

8,624

6,782

13,860

13,650

42,916

Depreciation

At 1 August 2023

5,232

3,927

2,430

6,375

17,964

Charge for the year

1,294

1,526

1,386

1,092

5,298

At 31 July 2024

6,526

5,453

3,816

7,467

23,262

Carrying amount

At 31 July 2024

2,098

1,329

10,044

6,183

19,654

At 31 July 2023

3,392

1,516

11,430

7,275

23,613

 

Cauldon Locks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

5

Investment properties

2024
£

At 1 August

3,029,108

Additions

14,853

At 31 July

3,043,961

The premises were valued by a third party in February 2020 at £1.9 million, the fair value increased at 31 July 2024 to £3,043,961 is based on a valuation carried out by the directors in the period plus property improvements. The original cost of the investment property, along with improvement costs, is £873,153

6

Debtors

Current

2024
£

2023
£

Trade debtors

171,704

62,251

Other debtors

2,848

927

 

174,552

63,178

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

45,577

47,299

Trade creditors

 

82,271

83,488

Other creditors

 

265,762

134,982

 

393,610

265,769

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

985,141

1,028,988

Other non-current financial liabilities

 

208,760

265,508

 

1,193,901

1,294,496

There is a fixed and floating charge on the investment property shown in these accounts.