Caithcroft Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01076622 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2019

FOR

CAITHCROFT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L A Nathan

G R Ornstein

B R Nathan

H L Nathan

SECRETARY:

B R Nathan

REGISTERED OFFICE:

Suite 2

Fountain House

1a Elm Park

Stanmore

Middlesex

HA7 4AU

REGISTERED NUMBER:

01076622 (England and Wales)

ACCOUNTANTS:

Donald Jacobs & Partners

CHARTERED ACCOUNTANTS

Suite 2, Fountain House

1a Elm Park

Stanmore

Middlesex

HA7 4AU

FIXED ASSETS

Investment property

4

775,000

1,042,500

CURRENT ASSETS

Debtors

5

156,006

12,570

Investments

6

2,687,866

3,016,578

Cash at bank

183,677

3,588

3,027,549

3,032,736

CREDITORS

Amounts falling due within one year

7

13,291

72,060

NET CURRENT ASSETS

3,014,258

2,960,676

TOTAL ASSETS LESS CURRENT LIABILITIES

3,789,258

4,003,176

PROVISIONS FOR LIABILITIES

8

170,131

224,582

NET ASSETS

3,619,127

3,778,594

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

200,404

200,404

Retained earnings

3,418,623

3,578,090

SHAREHOLDERS' FUNDS

3,619,127

3,778,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 12 May 2020 and were signed on its behalf by:

L A Nathan - Director

H L Nathan - Director

1.	STATUTORY INFORMATION

Caithcroft 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.

Investment property & investments

Under the provisions of Section 16 of Financial Reporting Standard 102, the directors have valued the freehold

property owned by the company at 31 August 2019, together with its current asset investments, at fair value.

Any gain or loss arising on the revaluation at 31 August 2019, less adjustment for deferred taxation thereon, is

recognised in the profit and loss account.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2018 - 6 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2018

1,042,500

Disposals

(267,500

)

At 31 August 2019

775,000

NET BOOK VALUE

At 31 August 2019

775,000

At 31 August 2018

1,042,500

Under the provisions of Financial Reporting Standard 102, the freehold property owned by the company, which

is treated as investment property, was valued on an open market basis at £775,000, (2018 - 1,042,500).

Fair value at 31 August 2019 is represented by:

£

Valuation in 2014

432,672

Valuation in 2018

(91,456

)

Cost

433,784

775,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Other debtors

156,006

12,570

At 31 August 2019, other debtors include £152,908, (2018 - £12,570), held by Canaccord Genuity Wealth

Management, the company's investment advisors, on their clients' account.

6.	CURRENT ASSET INVESTMENTS

The current asset investments which comprise listed stocks and shares are shown at market value at 31 August

2019.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Taxation and social security

6,389

65,011

Other creditors

6,902

7,049

13,291

72,060

8.	PROVISIONS FOR LIABILITIES

31.8.19

31.8.18

£

£

Deferred tax

Provision for deferred taxation on revaluation gains

170,131

224,582

Deferred

tax

£

Balance at 1 September 2018

224,582

Utilised during year

(54,451

)

Balance at 31 August 2019

170,131

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2019 and

31 August 2018:

31.8.19

31.8.18

£

£

S Nathan

Balance outstanding at start of year

447

447

Amounts repaid

(447

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

447

10.	RELATED PARTY DISCLOSURES

At 31 August 2019, the company held 3 freehold properties, one of which was owned outright by the company,

and the other two were owned 70% by Caithcroft Limited and 30% by Laurence Nathan Limited.

During the year ended 31 August 2019, one property was sold, of which Caithcroft Limited owned 50%,

33.33% was owned by H L Nathan and 16.67% by Laurence Nathan Limited

The above transactions were during the normal course of business and at market value.

The company is related to Laurence Nathan Limited through the common directorship of L A Nathan.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is L A Nathan.