Catterick Property Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01780761 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Catterick Property Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D S Kinsell

C M Kinsell

M A Kinsell

SECRETARY:

D S Kinsell

REGISTERED OFFICE:

C/O Leisure World Group Limited

Gatherley Road

Brompton on Swale

RICHMOND

North Yorkshire

DL10 7JB

REGISTERED NUMBER:

01780761 (England and Wales)

SENIOR STATUTORY AUDITOR:

Martin Hobson BA (Hons) FCCA

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

140 Coniscliffe Road

Darlington

County Durham

DL3 7RT

FIXED ASSETS

Tangible assets

4

-

Investment property

5

2,500,000

2,200,000

2,500,000

2,200,000

CURRENT ASSETS

Debtors

6

590,154

586,024

Cash at bank

-

4,190

590,154

590,214

CREDITORS

Amounts falling due within one year

7

(71,820

)

(71,820

)

NET CURRENT ASSETS

518,334

518,394

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,018,334

2,718,394

PROVISIONS FOR LIABILITIES

8

(369,339

)

(294,339

)

NET ASSETS

2,648,995

2,424,055

CAPITAL AND RESERVES

Called up share capital

9

20,000

Investment property

revaluations

1,617,120

1,392,120

Other reserves

15,000

Retained earnings

996,875

996,935

SHAREHOLDERS' FUNDS

2,648,995

2,424,055

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 26 May 2026 and were signed on its behalf by:

C M Kinsell - Director

1.	STATUTORY INFORMATION

Catterick Property Developments 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.

There were no material departures from that standard.

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.

Going concern

Post year-end, in August 2025 the company obtained a funding facility of £997,321 including rolled up interest, secured on the investment property. This was used to support the working capital of the group. The facility is repayable in full in August 2026, although this can be extended for a further twelve months at the discretion of the funder, which they have stated they are willing to provide. If extended, interest starts to be paid each month from August 2026.

The company has received a letter from fellow group subsidiary Leisure World Group Limited stating its intention to pay rent to the company each month, sufficient to enable it to cover the interest payments which will be made to the funder.

Based on the above, the directors are confident that the company is a going concern.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on cost

Computer equipment

-

25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Investment property

Investment property is included at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes 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).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

699

1,799

2,498

DEPRECIATION

At 1 January 2024

and 31 December 2024

699

1,799

2,498

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

2,200,000

Revaluations

300,000

At 31 December 2024

2,500,000

NET BOOK VALUE

At 31 December 2024

2,500,000

At 31 December 2023

2,200,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2006

1,238,355

Valuation in 2020

250,000

Valuation in 2021

200,000

Valuation in 2024

300,000

Cost

511,645

2,500,000

The investment property value is as assessed by the directors at 31 December 2024, using the market value contained in an independent valuers report prepared tor a third party funder in 2025.

6.

DEBTORS

2024

2023

£

Amounts falling due within one year:

Other debtors

60,562

Amounts falling due after more than one year:

Amounts owed by group undertakings

529,592

525,462

Aggregate amounts

590,154

586,024

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Taxation and social security

71,820

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

369,339

294,339

Deferred

tax

£

Balance at 1 January 2024

294,339

Investment property provision

75,000

Balance at 31 December 2024

369,339

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

20,000

Ordinary

£1

20,000

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

The Report of the Auditors was unqualified.

Martin Hobson BA (Hons) FCCA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

11.	POST BALANCE SHEET EVENTS

In August 2025 the company obtained a funding facility of £997,321 including interest,, secured on the investment property. This was used to support the working capital of the group. The facility is repayable in full in August 2026, although this can be extended for a further twelve months at the discretion of the funder. The company has received confirmation from the funder that they will renew the facility.

12.	ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of Catterick Property Holdings Limited, a company incorporated in England and Wales, who's registered office is C/O Leisure World Group Limited, Gatherley Road, Brompton on Swale, Richmond, DL10 7JB.

Catterick Property Holdings Limited is a wholly owned subsidiary of LWG Group Limited, a company incorporated in England and Wales, who's registered office address is Gatherley Road, Brompton On Swale, Richmond, North Yorkshire, DL10 7JB. LWG Group Limited is the ultimate parent company.