Company registration number: 10788910
Unaudited financial statements
for the year ended 30 September 2024
for
Caishen Property Ltd
Pages for filing with the Registrar
Company registration number: 10788910
Caishen Property Ltd
Balance sheet
as at 30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 1,667 2,500
Investment property 5 135,000 130,000
136,667 132,500
Current assets
Debtors 10 10
Cash at bank and in hand 2,057 3,608
2,067 3,618
Creditors: amounts falling due within one
year
(33,660) (33,855)
Net current liabilities (31,593) (30,237)
Total assets less current liabilities 105,074 102,263
Creditors: Amounts falling due after more
than one year
6 (99,206) (99,206)
Provisions for liabilities (3,350) (2,400)
NET ASSETS 2,518 657
Capital and reserves
Called up share capital 10 10
Revaluation reserve 10,232 10,232
Profit and loss account (7,724) (9,585)
TOTAL EQUITY 2,518 657
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 September 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10788910
Caishen Property Ltd
Balance sheet - continued
as at 30 September 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr R Sheriff, Director
24 June 2025
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Caishen Property Ltd
Notes to the financial statements
for the year ended 30 September 2024
1 Company information
Caishen Property Ltd is a private company registered in England and Wales. Its registered number is 10788910. The company is limited by shares. Its registered office is Mount Pleasant, Ogden, Halifax, HX2 8YA.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 25% straight line
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
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Caishen Property Ltd
Notes to the financial statements - continued
for the year ended 30 September 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was Nil (2023 - Nil).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 October 2023 5,000
At 30 September 2024 5,000
Depreciation
At 1 October 2023 2,500
Charge for year 833
At 30 September 2024 3,333
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Caishen Property Ltd
Notes to the financial statements - continued
for the year ended 30 September 2024
4 Tangible fixed assets - continued
Net book value
At 30 September 2024 1,667
At 30 September 2023 2,500
If Fixtures and fittings had not been revalued, it would have been included at the following historical cost:
2024 2023
£ £
Cost 5,000 5,000
Accumulated depreciation 3,333 2,500
5 Investment property
£
Valuation
At 1 October 2023 130,000
Disposals -
Revaluations 5,000
At 30 September 2024 135,000
6 Creditors: amounts falling due after more than five years
2024 2023
£ £
Repayable otherwise than by instalments
Bank loans 99,206 99,206
7 Related party transactions
At the balance sheet date, the company owed an amount of £29,428 (2023: £29,42) to Caishen Investments Ltd, a company related by the fact that it is under common control.
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