Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01Property owning and investmentfalse44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00847494 2023-04-01 2024-03-31 00847494 2022-04-01 2023-03-31 00847494 2024-03-31 00847494 2023-03-31 00847494 2022-04-01 00847494 c:Director2 2023-04-01 2024-03-31 00847494 d:CurrentFinancialInstruments 2024-03-31 00847494 d:CurrentFinancialInstruments 2023-03-31 00847494 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00847494 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00847494 d:ShareCapital 2024-03-31 00847494 d:ShareCapital 2023-03-31 00847494 d:ShareCapital 2022-04-01 00847494 d:OtherMiscellaneousReserve 2023-04-01 2024-03-31 00847494 d:OtherMiscellaneousReserve 2024-03-31 00847494 d:OtherMiscellaneousReserve 2022-04-01 2023-03-31 00847494 d:OtherMiscellaneousReserve 2023-03-31 00847494 d:OtherMiscellaneousReserve 2022-04-01 00847494 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 00847494 d:RetainedEarningsAccumulatedLosses 2024-03-31 00847494 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 00847494 d:RetainedEarningsAccumulatedLosses 2023-03-31 00847494 d:RetainedEarningsAccumulatedLosses 2022-04-01 00847494 c:FRS102 2023-04-01 2024-03-31 00847494 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00847494 c:FullAccounts 2023-04-01 2024-03-31 00847494 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00847494 2 2023-04-01 2024-03-31 00847494 d:Right-of-useInvestmentProperty 2024-03-31 00847494 d:Right-of-useInvestmentProperty 2023-03-31 00847494 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 00847494










CATER PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
CATER PROPERTIES LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Statement of Changes in Equity
 
3
Notes to the Financial Statements
 
4 - 7

 
CATER PROPERTIES LIMITED
REGISTERED NUMBER: 00847494

BALANCE SHEET
AS AT 31 MARCH 2024

2024
As restated 2023
Note
£
£

Fixed assets
  

Investment property
 4 
500,000
500,000

  
500,000
500,000

Current assets
  

Debtors: amounts falling due within one year
 5 
-
6,894

Bank at bank and in hand
  
41,155
27,361

  
41,155
34,255

Creditors: amounts falling due within one year
 6 
(33,973)
(45,828)

Net current assets/(liabilities)
  
 
 
7,182
 
 
(11,573)

Total assets less current liabilities
  
507,182
488,427

  

Net assets
  
507,182
488,427


Capital and reserves
  

Called up share capital 
  
100,000
100,000

Other reserves
 7 
469,471
469,471

Profit and loss account
 7 
(62,289)
(81,044)

  
507,182
488,427

Page 1

 
CATER PROPERTIES LIMITED
REGISTERED NUMBER: 00847494
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 March 2025.




................................................
D Fryer
Director

The notes on pages 4 to 7 form part of these financial statements.
Page 2

 
CATER PROPERTIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


At 1 April 2022
100,000
-
(59,217)
40,783


Comprehensive income for the year

Profit for the year
-
-
447,644
447,644

Transfer to/from profit and loss account
-
469,471
(469,471)
-



At 1 April 2023 As restated
100,000
469,471
(81,044)
488,427


Comprehensive income for the year

Profit for the year
-
-
18,755
18,755


At 31 March 2024
100,000
469,471
(62,289)
507,182


The notes on pages 4 to 7 form part of these financial statements.
Page 3

 
CATER PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Cater Properties Limited is a private company limited by share capital, incorporated in the United Kingdom and registered in England and Wales. The address of the registered office is Third Floor, Queensberry House, 3 Old Burlington Street, London, W1S 3AE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis as the company's shareholders will continue to provide the necessary financial support to enable the company to meet its forecast liabilities as they fall due.

 
2.3

Turnover

Turnover represents rents receivable recognised in the period in which the services are provided in
accordance with the rental agreement.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

Page 4

 
CATER PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due within the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

 
Page 5

 
CATER PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Investment property


Property held for development

£



Valuation


At 1 April 2023 - As restated
500,000



At 31 March 2024
500,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.







5.


Debtors

2024
2023
£
£


Trade debtors
-
6,894

-
6,894


Page 6

 
CATER PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to parent
24,304
33,459

Accruals and deferred income
9,669
12,369

33,973
45,828



7.


Reserves

Other reserves

The other reserves represents non-distributable funds.

Profit and loss account

The profit and loss accounts represents distributable reserve.


8.


Prior year adjustment

A prior year adjustment was made to reclassify the freehold property from fixed assets to investment property. This adjustment has increased the net assets at 31 March 23 by £469,471.


9.


Related party transactions

The Company has taken advantage of related party disclosure exemption as per FRS 102 section 1A as it is a wholly owned subsidiary.  


10.


Controlling party

The Company is controlled by Danescroft (Sunbury) LLP.
 
Page 7