Company Registration No. 11976284 (England and Wales)
Caden Homes Ltd
Unaudited accounts
for the year ended 31 May 2025
Caden Homes Ltd
Unaudited accounts
Contents
Caden Homes Ltd
Company Information
for the year ended 31 May 2025
Directors
Paul Caden
Aline Faivre-Pierret
Company Number
11976284 (England and Wales)
Registered Office
8 Percy Street
Rotherham
South Yorkshire
S65 1ED
Caden Homes Ltd
Statement of financial position
as at 31 May 2025
Tangible assets
15,441
18,853
Investment property
1,872,000
1,992,000
Cash at bank and in hand
44,219
10,630
Creditors: amounts falling due within one year
(358,038)
(394,305)
Net current liabilities
(275,580)
(346,906)
Total assets less current liabilities
1,611,861
1,663,947
Creditors: amounts falling due after more than one year
(1,741,573)
(1,793,890)
Net liabilities
(129,712)
(129,943)
Called up share capital
2
2
Profit and loss account
(129,714)
(129,945)
Shareholders' funds
(129,712)
(129,943)
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by
Aline Faivre-Pierret
Director
Company Registration No. 11976284
Caden Homes Ltd
Notes to the Accounts
for the year ended 31 May 2025
Caden Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 11976284. The registered office is 8 Percy Street, Rotherham, South Yorkshire, S65 1ED.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention modified to include the revaluation of certain fixed assets.
The accounts are prepared in sterling, which is this functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
At the time of approving the financial statements, despite the current liability position of the company, it is still considered a going concern due to ongoing continued support from the directors. The directors have a reasonable expectation that the company shall continue in operational existence for the foreseeable future, thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover is recognised at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes, for goods and services provided in the normal course of business.
The company recognises revenue when rent is received from a tenant.
Cash and cash equivalents
Cash and cash equivalents 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, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to profit or loss.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant & machinery
20% reducing balance method
Fixtures & fittings
20% reducing balance method
Computer equipment
20% reducing balance method
Caden Homes Ltd
Notes to the Accounts
for the year ended 31 May 2025
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The tax expense represents the sum of the tax currently payable and deferred tax.
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 substantive enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the defend tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Caden Homes Ltd
Notes to the Accounts
for the year ended 31 May 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
304
19,545
3,928
23,777
At 31 May 2025
304
19,844
3,928
24,076
At 1 June 2024
197
3,595
1,132
4,924
Charge for the year
21
3,296
559
3,876
On disposals
-
(165)
-
(165)
At 31 May 2025
218
6,726
1,691
8,635
At 31 May 2025
86
13,118
2,237
15,441
At 31 May 2024
107
15,950
2,796
18,853
Fair value at 1 June 2024
1,992,000
The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
There has been no valuation of investment property by an independent valuer as at 31/05/2025.
Amounts falling due within one year
Amounts due from group undertakings etc.
20,999
17,113
Deferred tax asset
3,745
7,912
Accrued income and prepayments
1,605
514
Caden Homes Ltd
Notes to the Accounts
for the year ended 31 May 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
10,442
Trade creditors
2,112
2,958
Amounts owed to group undertakings and other participating interests
60,718
63,068
Taxes and social security
189
425
Other creditors
9,320
17,665
Loans from directors
219,367
242,674
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
1,368,277
1,430,292
Other creditors
373,296
363,598
Aggregate of amounts that fall due for payment after five years
1,368,277
1,430,292
Bank loans of £1,368,277 (2024 - 1,430,292) are secured by way of fixed charges over individual investment properties.
9
Deferred taxation
2025
2024
Accelerated capital allowances
2,934
3,583
Revaluation of investment property
68,078
76,638
Tax losses carried forward
(66,412)
(82,386)
Other deferred taxation
(8,345)
(5,747)
Provision at start of year
(7,912)
(27,062)
Charged to the profit and loss account
4,167
19,150
Provision at end of year
(3,745)
(7,912)
The directors have loaned money to the company.
At the balance sheet date, the amount owed to the directors was £219,367 (2024 - £242,674)
Interest has been charged at a rate of 6% per annum. The loan is repayable on demand.
Caden Homes Ltd
Notes to the Accounts
for the year ended 31 May 2025
11
Transactions with related parties
During the period the company borrowed money from a related party. At the balance sheet date, the amount owed to the related party was £60,718 (2024 - £63,069).
During the year the company loaned money to a related party. At the balance sheet date, the amount due from the related party was £20,999 (2024 - £17,113).
No interest has been charged and there is no set date for repayment for either loan.
The parent undertaking is Caden Property Group Limited whose registered office and business address is 8 Percy Street, Rotherham, South Yorkshire, S65 1ED.
13
Average number of employees
During the year the average number of employees was 2 (2024: 2).