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REGISTERED NUMBER: 13135132 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Cashelton Properties Limited

Cashelton Properties Limited (Registered number: 13135132)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cashelton Properties Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: J J McGrory
Mrs A McGrory





REGISTERED OFFICE: 4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR





REGISTERED NUMBER: 13135132 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR

Cashelton Properties Limited (Registered number: 13135132)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 343,016 330,000

CURRENT ASSETS
Cash at bank 2,829 2,540

CREDITORS
Amounts falling due within one year 5 132,663 127,105
NET CURRENT LIABILITIES (129,834 ) (124,565 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,182

205,435

CREDITORS
Amounts falling due after more than one year 6 (196,555 ) (196,555 )

PROVISIONS FOR LIABILITIES (14,696 ) (14,696 )
NET ASSETS/(LIABILITIES) 1,931 (5,816 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 57,104 44,088
Retained earnings (55,273 ) (50,004 )
1,931 (5,816 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





J J McGrory - Director


Cashelton Properties Limited (Registered number: 13135132)

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

1. STATUTORY INFORMATION

Cashelton Properties 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.

Going Concern
The directors assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date of the approval of the financial statements.The directors have concluded that there are no material uncertainties about the company's ability to continue as a going concern and they are satisfied that the company has adequate resources to continue to meet its liabilities as they fall due and, therefore, that it remains appropriate to continue to adopt going concern basis of accounting in the preparation of the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Cashelton Properties Limited (Registered number: 13135132)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 330,000
Revaluations 13,016
At 31 July 2024 343,016
NET BOOK VALUE
At 31 July 2024 343,016
At 31 July 2023 330,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2023 58,784
Valuation in 2024 13,016
Cost 271,216
343,016

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

31.7.24 31.7.23
£    £   
Cost 271,216 271,216

Investment property was valued on an open market basis on 31 July 2024 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed to group undertakings 131,663 126,317
Other creditors 1,000 788
132,663 127,105

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 196,555 196,555

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 196,555 196,555

Cashelton Properties Limited (Registered number: 13135132)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 196,555 196,555

The Secured Debts shown in the table relate to a mortgage on the property 12 Hawthorne Drive Burnage M19 1GX.

8. RESERVES
Fair
value
reserve
£   
At 1 August 2023 44,088
Revaluation gain 13,016

At 31 July 2024 57,104