REGISTERED NUMBER: 11610318 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

CA HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S S Takhar

P S Takhar

Mrs I K Takhar

REGISTERED OFFICE:

114-116 Goodmayes Road

Ilford

Essex

IG3 9UZ

REGISTERED NUMBER:

11610318 (England and Wales)

AUDITORS:

Ashfords Partnership LLP

114-116 Goodmayes Road

Ilford

Esex

IG3 9UZ

FIXED ASSETS

Tangible assets

4

5,219,042

5,335,890

Investment property

5

13,870,879

13,870,879

19,089,921

19,206,769

CURRENT ASSETS

Debtors

6

5,761,482

5,939,966

Cash at bank

294,255

216,582

6,055,737

6,156,548

CREDITORS

Amounts falling due within one year

7

806,071

827,857

NET CURRENT ASSETS

5,249,666

5,328,691

TOTAL ASSETS LESS CURRENT LIABILITIES

24,339,587

24,535,460

CREDITORS

Amounts falling due after more than one year

8

(12,736,864

)

(13,048,783

)

PROVISIONS FOR LIABILITIES

10

(2,016,351

)

(2,016,351

)

NET ASSETS

9,586,372

9,470,326

CAPITAL AND RESERVES

Called up share capital

11

100

100

Fair value reserve

12

8,596,024

8,596,024

Retained earnings

12

990,248

874,202

SHAREHOLDERS' FUNDS

9,586,372

9,470,326

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 1 September 2025 and were signed on its behalf by:

S S Takhar - Director

1.	STATUTORY INFORMATION

CA Homes 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 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.

Freehold property

-

2% 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 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.

Going concern

The accounts have been prepared on going concern basis. The directors have concluded that the company will continue to receive adequate financial assistance from the Directors, Bankers and other creditors and fellow subsidiaries.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 July 2023

and 30 June 2024

5,846,882

DEPRECIATION

At 1 July 2023

510,992

Charge for year

116,848

At 30 June 2024

627,840

NET BOOK VALUE

At 30 June 2024

5,219,042

At 30 June 2023

5,335,890

Cost or valuation at 30 June 2024 is represented by:

Freehold

property

£

Valuation in 2019

518,880

Cost

5,328,002

5,846,882

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2023

and 30 June 2024

13,870,879

NET BOOK VALUE

At 30 June 2024

13,870,879

At 30 June 2023

13,870,879

Fair value at 30 June 2024 is represented by:

£

Valuation in 2019

6,058,251

Cost

7,812,628

13,870,879

6.

DEBTORS

30.6.24

30.6.23

£

£

Amounts falling due within one year:

Trade debtors

164,083

111,477

Other debtors

15,401

266,491

179,484

377,968

30.6.24

30.6.23

£

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

125,000

105,000

Amounts owed by associates

5,456,998

5,456,998

5,581,998

5,561,998

Aggregate amounts

5,761,482

5,939,966

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.24

30.6.23

£

£

Bank loans and overdrafts (see note 9)

756,566

619,235

Trade creditors

3,079

3,600

Taxation and social security

33,713

193,219

Other creditors

12,713

11,803

806,071

827,857

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.24

30.6.23

£

£

Bank loans (see note 9)

8,513,598

8,728,536

Amounts owed to group undertakings

4,223,266

4,320,247

12,736,864

13,048,783

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,487,334

6,251,595

9.

LOANS

An analysis of the maturity of loans is given below:

30.6.24

30.6.23

£

£

Amounts falling due within one year or on demand:

Bank loans

756,566

619,235

Amounts falling due between one and two years:

Bank loans - 1-2 years

756,566

619,235

Amounts falling due between two and five years:

Bank loans - 2-5 years

2,269,698

1,857,706

Amounts falling due in more than five years:

30.6.24

30.6.23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,487,334

6,251,595

10.	PROVISIONS FOR LIABILITIES

30.6.24

30.6.23

£

£

Deferred tax

2,016,351

2,016,351

Deferred

tax

£

Balance at 1 July 2023

2,016,351

Gain on Fair value

Balance at 30 June 2024

2,016,351

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.24

30.6.23

value:

£

£

100

Ordinary

1

100

100

12.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 July 2023

874,202

8,596,024

9,470,226

Profit for the year

116,046

116,046

At 30 June 2024

990,248

8,596,024

9,586,272

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ashok Mukundlal Shah (Senior Statutory Auditor)

for and on behalf of Ashfords Partnership LLP

14.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous year by the directors, Mr S S Takhar, and Mrs I K Takhar by virtue of their ownership of the majority issued share capital of SIP Group Limited, the parent company.