Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-3033No description of principal activity2023-07-01falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11400526 2023-07-01 2024-06-30 11400526 2022-07-01 2023-06-30 11400526 2024-06-30 11400526 2023-06-30 11400526 c:Director3 2023-07-01 2024-06-30 11400526 d:FreeholdInvestmentProperty 2023-07-01 2024-06-30 11400526 d:FreeholdInvestmentProperty 2024-06-30 11400526 d:FreeholdInvestmentProperty 2023-06-30 11400526 d:CurrentFinancialInstruments 2024-06-30 11400526 d:CurrentFinancialInstruments 2023-06-30 11400526 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11400526 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11400526 d:ShareCapital 2024-06-30 11400526 d:ShareCapital 2023-06-30 11400526 d:RetainedEarningsAccumulatedLosses 2024-06-30 11400526 d:RetainedEarningsAccumulatedLosses 2023-06-30 11400526 c:FRS102 2023-07-01 2024-06-30 11400526 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11400526 c:FullAccounts 2023-07-01 2024-06-30 11400526 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11400526 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 11400526









CARE GROUP PROPERTIES LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
CARE GROUP PROPERTIES LTD
REGISTERED NUMBER: 11400526

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
518,650
1,498,914

  
518,650
1,498,914

Current assets
  

Debtors: amounts falling due within one year
 5 
13,236
63,854

Cash at bank and in hand
 6 
29,203
7,014

  
42,439
70,868

Creditors: amounts falling due within one year
 7 
(97,301)
(1,002,550)

Net current liabilities
  
 
 
(54,862)
 
 
(931,682)

Total assets less current liabilities
  
463,788
567,232

  

Net assets
  
463,788
567,232


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
463,785
567,229

  
463,788
567,232


Page 1

 
CARE GROUP PROPERTIES LTD
REGISTERED NUMBER: 11400526
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 statement of income and retained earnings 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 by: 




P Vaid
Director

Date: 26 March 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
CARE GROUP PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Care Group Properties Ltd is a private company limited by shares, incorporated in England and Wales and its registered office is Aston House, Cornwall Avenue, London, N3 1LF.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

Page 3

 
CARE GROUP PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
1,498,914


Disposals
(980,264)



At 30 June 2024
518,650

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



Page 4

 
CARE GROUP PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
5,500
56,118

Other debtors
7,736
7,736

13,236
63,854



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
29,203
7,014



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
2,465

Corporation tax
1,116
44,029

Other creditors
93,676
953,911

Accruals and deferred income
2,509
2,145

97,301
1,002,550


 
Page 5