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REGISTERED NUMBER: 01780761 (England and Wales)













Financial Statements

for the Year Ended 31 December 2023

for

Catterick Property Developments Limited

Catterick Property Developments Limited (Registered number: 01780761)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Catterick Property Developments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D S Kinsell
C M Kinsell
M A Kinsell



SECRETARY: D S Kinsell



REGISTERED OFFICE: C/O Leisure World Group Limited
Gatherley Road
Brompton on Swale
RICHMOND
North Yorkshire
DL10 7JB



REGISTERED NUMBER: 01780761 (England and Wales)



SENIOR STATUTORY AUDITOR: Martin Hobson BA (Hons) FCCA



AUDITORS: Clive Owen LLP
Chartered Accountants
& Statutory Auditors
140 Coniscliffe Road
Darlington
County Durham
DL3 7RT

Catterick Property Developments Limited (Registered number: 01780761)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 2,200,000 2,200,000
2,200,000 2,200,000

CURRENT ASSETS
Debtors 6 586,024 517,130
Cash at bank 4,190 77,605
590,214 594,735
CREDITORS
Amounts falling due within one year 7 71,820 68,651
NET CURRENT ASSETS 518,394 526,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,718,394

2,726,084

PROVISIONS FOR LIABILITIES 8 294,339 294,339
NET ASSETS 2,424,055 2,431,745

CAPITAL AND RESERVES
Called up share capital 9 20,000 20,000
Investment property
revaluations 1,392,120 1,392,120
Other reserves 15,000 15,000
Retained earnings 996,935 1,004,625
SHAREHOLDERS' FUNDS 2,424,055 2,431,745

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 20 March 2025 and were signed on its behalf by:





C M Kinsell - Director


Catterick Property Developments Limited (Registered number: 01780761)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Catterick Property Developments 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.

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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Computer equipment - 25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Investment property
Investment property is included at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

Catterick Property Developments Limited (Registered number: 01780761)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 699 1,799 2,498
DEPRECIATION
At 1 January 2023
and 31 December 2023 699 1,799 2,498
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - - -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 2,200,000
NET BOOK VALUE
At 31 December 2023 2,200,000
At 31 December 2022 2,200,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2006 1,238,355
Valuation in 2020 250,000
Valuation in 2021 200,000
Cost 511,645
2,200,000

The investment property was valued on an open market basis in June 2024 by a RICS registered valuer.

Catterick Property Developments Limited (Registered number: 01780761)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings - 456,568
Other debtors 60,562 60,562
60,562 517,130

Amounts falling due after more than one year:
Amounts owed by group undertakings 525,462 -

Aggregate amounts 586,024 517,130

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 71,820 68,651

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 294,339 294,339

Deferred
tax
£   
Balance at 1 January 2023 294,339
Balance at 31 December 2023 294,339

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20,000 Ordinary £1 20,000 20,000

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Hobson BA (Hons) FCCA (Senior Statutory Auditor)
for and on behalf of Clive Owen LLP

Catterick Property Developments Limited (Registered number: 01780761)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of Catterick Property Holdings Limited, a company incorporated in England and Wales, who's registered office is C/O Leisure World Group Limited, Gatherley Road, Brompton on Swale, Richmond, DL10 7JB.

Catterick Property Holdings Limited is a wholly owned subsidiary of LWG Group Limited, a company incorporated in England and Wales, who's registered office address is Gatherley Road, Brompton On Swale, Richmond, North Yorkshire, DL10 7JB.