Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30false2023-12-01false11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09312350 2023-12-01 2024-11-30 09312350 2022-12-01 2023-11-30 09312350 2024-11-30 09312350 2023-11-30 09312350 1 2023-12-01 2024-11-30 09312350 d:Director1 2023-12-01 2024-11-30 09312350 c:FreeholdInvestmentProperty 2023-12-01 2024-11-30 09312350 c:FreeholdInvestmentProperty 2024-11-30 09312350 c:FreeholdInvestmentProperty 2023-11-30 09312350 c:CurrentFinancialInstruments 2024-11-30 09312350 c:CurrentFinancialInstruments 2023-11-30 09312350 c:Non-currentFinancialInstruments 2024-11-30 09312350 c:Non-currentFinancialInstruments 2023-11-30 09312350 c:CurrentFinancialInstruments c:WithinOneYear 2024-11-30 09312350 c:CurrentFinancialInstruments c:WithinOneYear 2023-11-30 09312350 c:Non-currentFinancialInstruments c:AfterOneYear 2024-11-30 09312350 c:Non-currentFinancialInstruments c:AfterOneYear 2023-11-30 09312350 c:ShareCapital 2024-11-30 09312350 c:ShareCapital 2023-11-30 09312350 c:RetainedEarningsAccumulatedLosses 2024-11-30 09312350 c:RetainedEarningsAccumulatedLosses 2023-11-30 09312350 d:OrdinaryShareClass1 2023-12-01 2024-11-30 09312350 d:OrdinaryShareClass1 2024-11-30 09312350 d:OrdinaryShareClass1 2023-11-30 09312350 d:FRS102 2023-12-01 2024-11-30 09312350 d:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 09312350 d:FullAccounts 2023-12-01 2024-11-30 09312350 d:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09312350 c:Subsidiary1 2023-12-01 2024-11-30 09312350 c:Subsidiary1 1 2023-12-01 2024-11-30 09312350 4 2023-12-01 2024-11-30 09312350 6 2023-12-01 2024-11-30 09312350 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:shares xbrli:pure



Company Registration No. 09312350 (England and Wales)







M CAREY PROPERTIES LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 NOVEMBER 2024










































 
M CAREY PROPERTIES LIMITED
REGISTERED NUMBER:09312350

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1,865,081
1,865,081

Investment property
 5 
6,463,318
6,085,938

  
8,328,399
7,951,019

Current assets
  

Debtors
 6 
361,141
88,072

Cash at bank and in hand
  
2,552
4,006

  
363,693
92,078

Creditors: amounts falling due within one year
 7 
(688,364)
(761,735)

Net current liabilities
  
 
 
(324,671)
 
 
(669,657)

Total assets less current liabilities
  
8,003,728
7,281,362

Creditors: amounts falling due after more than one year
 8 
(7,000,000)
(6,400,000)

  

Net assets
  
1,003,728
881,362


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
1,003,628
881,262

  
1,003,728
881,362


Page 1

 
M CAREY PROPERTIES LIMITED
REGISTERED NUMBER:09312350
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

The director considers 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 director acknowledges his 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 22 August 2025.




___________________________
Martin John Carey
Director

Page 2

 
M CAREY PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

M Carey Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit E1, The Courtyard, Alban Park, St Albans, AL4 0LA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

These financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and investment properties and certain financial instruments at fair value, 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 financial statements are prepared in sterling, which is the functional currency of the company.
The following principal accounting poicies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

 
2.3

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

 
2.4

Foreign currency translation

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

 
2.5

Turnover

Turnover represents rent from property lettings. Turnover is recognised at the fair value of the rent received or receivable excluding value added taxes.

 
2.6

Taxation

Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting date.

Page 3

 
M CAREY PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.8

Investment properties

Investment properties are carried at fair value determined by 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.

 
2.9

Valuation of investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

 
2.10

Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Fixed asset investment





Investments in subsidiary companies

£



Cost or valuation


At 1 December 2023
1,865,081



At 30 November 2024
1,865,081




Fixed asset investment represents the acquisition of the entire share capital of P. A. L Carriers Limited, a company incorporated in England and Wales.

Page 4

 
M CAREY PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Class of shares

Holding

P.A.L Carriers Ltd
Ordinary
100%

The aggregate of the share capital and reserves as at 30 November 2024 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)

P.A.L Carriers Ltd

1,645,083
-


5.


Investment properties


Freehold investment property

£



Valuation


At 1 December 2023
6,085,938


Additions at cost
792,636


Disposals
(415,256)



At 30 November 2024
6,463,318

The director considers that the carrying amounts of the investment property approximate to its fair value.





6.


Debtors

2024
2023
£
£


Amounts owed by related undertaking
361,141
66,121

Other debtors
-
21,951

361,141
88,072


Amounts owed by related undertaking is unsecured, interest free and repayable on demand.

Page 5

 
M CAREY PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,953
2,782

Amounts owed to related undertaking
593,557
245,649

Corporation tax
58,666
65,312

Other taxation and social security
27,188
27,992

Other creditors
-
412,500

Accruals
4,000
7,500

688,364
761,735



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to related undertaking
7,000,000
6,400,000

7,000,000
6,400,000


Amounts owed to related undertaking is unsecured, payable on demand and interest payable at a nominal rate of 2%.


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100



10.


Profit and loss reserves

2024
2023
£
£



Brought forward
881,262
662,043

Profit for the year
176,481
219,219

Carried forward
1,057,743
881,262

Page 6

 
M CAREY PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

11.


Post balance sheet events

There were no events since the year end which materially affected the company.

 
Page 7