IRIS Accounts Production v24.3.2.46 05840259 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058402592023-06-30058402592024-06-30058402592023-07-012024-06-30058402592022-06-30058402592022-07-012023-06-30058402592023-06-3005840259ns15:EnglandWales2023-07-012024-06-3005840259ns14:PoundSterling2023-07-012024-06-3005840259ns10:Director12023-07-012024-06-3005840259ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3005840259ns10:SmallEntities2023-07-012024-06-3005840259ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3005840259ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3005840259ns10:FullAccounts2023-07-012024-06-3005840259ns10:Director22023-07-012024-06-3005840259ns10:CompanySecretary12023-07-012024-06-3005840259ns10:RegisteredOffice2023-07-012024-06-3005840259ns5:CurrentFinancialInstruments2024-06-3005840259ns5:CurrentFinancialInstruments2023-06-3005840259ns5:Non-currentFinancialInstruments2024-06-3005840259ns5:Non-currentFinancialInstruments2023-06-3005840259ns5:ShareCapital2024-06-3005840259ns5:ShareCapital2023-06-3005840259ns5:FurtherSpecificReserve1ComponentTotalEquity2024-06-3005840259ns5:FurtherSpecificReserve1ComponentTotalEquity2023-06-3005840259ns5:RetainedEarningsAccumulatedLosses2024-06-3005840259ns5:RetainedEarningsAccumulatedLosses2023-06-3005840259ns5:PlantMachinery2023-07-012024-06-3005840259ns5:PlantMachinery2023-06-3005840259ns5:PlantMachinery2024-06-3005840259ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3005840259ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3005840259ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-06-3005840259ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-3005840259ns5:Secured2024-06-3005840259ns5:Secured2023-06-30














CACHET DEVELOPMENTS LIMITED

REPORT OF THE DIRECTORS AND

ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2024






CACHET DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05840259)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CACHET DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTORS: H B Vara
D Shingadia





SECRETARY: D Shingadia





REGISTERED OFFICE: 4 Churchill Court
58 Station Road
North Harrow
Middlesex
HA2 7ST





REGISTERED NUMBER: 05840259 (England and Wales)





ACCOUNTANTS: ADAMS MOORHOUSE LIMITED, Chartered Accountants
4 Churchill Court
58 Station Road
North Harrow
Middlesex
HA2 7ST

CACHET DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05840259)

STATEMENT OF FINANCIAL POSITION
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 522,945 522,945
522,945 522,945

CURRENT ASSETS
Debtors 6 694 694
Cash at bank 29,790 37,185
30,484 37,879
CREDITORS
Amounts falling due within one year 7 265,616 265,998
NET CURRENT LIABILITIES (235,132 ) (228,119 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

287,813

294,826

CREDITORS
Amounts falling due after more than one
year

8

(252,150

)

(252,150

)

PROVISIONS FOR LIABILITIES (9,364 ) (9,364 )
NET ASSETS 26,299 33,312

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 37,457 37,457
Retained earnings (11,258 ) (4,245 )
SHAREHOLDERS' FUNDS 26,299 33,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

CACHET DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05840259)

STATEMENT OF FINANCIAL POSITION - continued
30 June 2024


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 10 March 2025 and were signed on its behalf by:





H B Vara - Director


CACHET DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05840259)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024


1. STATUTORY INFORMATION

Cachet 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.

Turnover
Turnover represents net rental income received excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.3% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 ) .

CACHET DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05840259)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 July 2023
and 30 June 2024 400
Depreciation
At 1 July 2023
and 30 June 2024 400
Net book value
At 30 June 2024 -

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 July 2023
and 30 June 2024 522,945
Net book value
At 30 June 2024 522,945
At 30 June 2023 522,945

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2014 26,821
Valuation in 2015 20,000
Cost 476,124
522,945

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

2024 2023
£    £   
Cost 476,124 476,124

The investment property was valued on an open market basis basis on 30 June 2024 by by the Directors. .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 694 694

CACHET DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05840259)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,284 4,865
UK Corporation Tax - 2
Directors' current accounts 261,287 260,086
Accrued expenses 1,045 1,045
265,616 265,998

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yrs non-inst 252,150 252,150

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 252,150 252,150

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 255,434 257,015

The Bank Loan of £252,150 is secured by a charge on investment properties on an interest only basis over a period of 19 years from January 2008.

10. CONTINGENT LIABILITIES

As far as the Board is aware, there were no contingent liabilities at the balance sheet date.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is H B Vara.