Cathite House Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00924061 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

FOR

CATHITE HOUSE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

F J Dyton

Mrs R M Dyton

F R R Dyton

C J Dyton

Secretary:

Mrs R M Dyton

Registered office:

1, The Crossways

Westcliff on sea

Essex

SS0 8PU

Registered number:

00924061 (England and Wales)

Accountants:

Close Reach Consulting Limited

21 Quorn Gardens

Leigh on sea

Essex

SS9 2TA

FIXED ASSETS

Tangible assets

4

532

517

Investments

5

-

-

Investment property

6

1,604,419

1,604,419

1,604,951

1,604,936

CURRENT ASSETS

Debtors

7

3,678

1,250

Cash at bank

28,896

42,274

32,574

43,524

CREDITORS

Amounts falling due within one year

8

15,191

18,471

NET CURRENT ASSETS

17,383

25,053

TOTAL ASSETS LESS CURRENT LIABILITIES

1,622,334

1,629,989

CREDITORS

Amounts falling due after more than one year

9

(276,000

)

(276,000

)

PROVISIONS FOR LIABILITIES

10

(110,605

)

(98,622

)

NET ASSETS

1,235,729

1,255,367

CAPITAL AND RESERVES

Called up share capital

11

54

54

Share premium

12

20,587

20,587

Capital redemption reserve

12

109

109

Fair value reserve

12

993,146

993,146

Retained earnings

12

221,833

241,471

SHAREHOLDERS' FUNDS

1,235,729

1,255,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 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 19th February 2021 and were signed on its behalf by:

F J Dyton - Director

1.	STATUTORY INFORMATION

Cathite House 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 represents net invoiced rents and recharged expenses, excluding value added tax.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2020

17,989

Additions

250

Disposals

(1,792

)

At 31st December 2020

16,447

DEPRECIATION

At 1st January 2020

17,472

Charge for year

235

Eliminated on disposal

(1,792

)

At 31st December 2020

15,915

NET BOOK VALUE

At 31st December 2020

532

At 31st December 2019

517

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2020

and 31st December 2020

20,600

PROVISIONS

At 1st January 2020

and 31st December 2020

20,600

NET BOOK VALUE

At 31st December 2020

-

At 31st December 2019

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2020

and 31st December 2020

1,604,419

NET BOOK VALUE

At 31st December 2020

1,604,419

At 31st December 2019

1,604,419

Fair value at 31st December 2020 is represented by:

£

Valuation in 2017

744,380

Valuation in 2018

248,766

Cost

611,273

1,604,419

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Tax

1,758

-

Prepayments

1,920

1,250

3,678

1,250

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

(3

)

(3

)

Amounts owed to group undertakings

100

100

Taxation and social security

-

3,118

Other creditors

15,094

15,256

15,191

18,471

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other creditors

276,000

276,000

10.	PROVISIONS FOR LIABILITIES

2020

2019

£

£

Deferred tax

110,605

98,622

Deferred

tax

£

Balance at 1st January 2020

98,622

Provided during year

11,983

Balance at 31st December 2020

110,605

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

54

Ordinary

£1

54

54

12.

RESERVES

Capital

Fair

Retained

Share

redemption

value

earnings

premium

reserve

reserve

Totals

£

£

£

£

£

At 1st January 2020

241,471

20,587

109

993,146

1,255,313

Deficit for the year

(19,638

)

(19,638

)

At 31st December 2020

221,833

20,587

109

993,146

1,235,675

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2020 and 31st December 2019:

2020

2019

£

£

C J Dyton

Balance outstanding at start of year

-

11,000

Amounts repaid

-

(11,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

14.	RELATED PARTY DISCLOSURES

The Company is controlled by its directors.

The Company owes Mr and Mrs Dyton £13,410 (2019: £13,335). Included within creditors due after more than one year are loans from Mr and Mrs Dyton of £276,000 (2019: £276,000) with no repayment date and interest free.