Cajar Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: NI652164 (Northern Ireland)

CAJAR LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 5 APRIL 2018 TO 28 FEBRUARY 2019

Page

Company information

1

Statement of financial position

2

Notes to the financial statements

4

Directors:

N McGurk

P McGurk

Registered office:

Brookmount

18 Dungannon Road

Cookstown

Co. Tyrone

BT80 8TL

Registered number:

NI652164 (Northern Ireland)

Accountants:

CavanaghKelly

Chartered Accountants

36-38 Northland Row

Dungannon

Co. Tyrone

BT71 6AP

NON-CURRENT ASSETS

Investment property

4

5,609,508

CURRENT ASSETS

Receivables: amounts falling due within one year

5

13,670

Cash at bank

121,901

135,571

PAYABLES

Amounts falling due within one year

6

(3,022,946

)

NET CURRENT LIABILITIES

(2,887,375

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,722,133

PAYABLES

Amounts falling due after more than one year

7

(2,705,143

)

PROVISIONS FOR LIABILITIES

9

(3,228

)

NET ASSETS

13,762

CAPITAL AND RESERVES

Called up share capital

10

2

Retained earnings

13,760

SHAREHOLDERS' FUNDS

13,762

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2019.

The members have not required the Company to obtain an audit of its financial statements for the period ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 10 October 2019 and were signed on its behalf by:

N McGurk - Director

P McGurk - Director

1.	GENERAL INFORMATION

Cajar Ltd is a private company, limited by shares , registered in Northern Ireland. The

company's registered number and registered office address can be found on the

Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Revenue

Revenue is recognised upon date to which rental occurs. Revenue is comprised the

invoice value of rental exclusive of any value added tax.

Investment property

Investment property is carried at fair value, derived from the current market prices for

comparable real estate determined annually. The valuations use observable market

prices, adjusted if necessary for any difference in the nature, location or condition of the

specific asset. Changes in fair value are recognised in the Income Statement.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable

profits for the year and is calculated using the tax rates and laws that have been enacted

or substantially enacted at the Statement of Financial Position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but

not reversed at the statement of financial position 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 period 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.

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement

to prepare a Statement of Cash Flows because it is classified as a small company.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

5,609,508

At 28 February 2019

5,609,508

NET BOOK VALUE

At 28 February 2019

5,609,508

The directors consider that such valuations are reflective of the open market value of the

properties at 28 February 2019.

5.

RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other receivables

13,670

6.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans

450,857

Trade payables

18,000

Amounts owed to related undertakings

2,422,294

Other payables

131,795

3,022,946

7.

PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR

£

Bank loans

2,705,143

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more five years

1,352,572

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

3,156,000

Mortgage debenture incorporating a fixed and floating charge over all company assets

present and future including a specific charge over the investment property.

9.	PROVISIONS FOR LIABILITIES

£

Deferred tax

Accelerated capital allowances

91,274

Tax losses carried forward

(88,046

)

3,228

Deferred tax

£

Charge to Income statement during period

3,228

Balance at 28 February 2019

3,228

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

1

2

11.	RELATED PARTY DISCLOSURES

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.