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

REGISTERED NUMBER: 04921899 (England and Wales)

CAROLINE HOUSE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C J Freeman

SECRETARY:

M A James

REGISTERED OFFICE:

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

REGISTERED NUMBER:

04921899 (England and Wales)

ACCOUNTANTS:

Atkinson Finch & Co

Chartered Accountants

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

FIXED ASSETS

Tangible assets

4

1,214

-

Investments

5

1

1

Investment property

6

1,200,000

814,810

1,201,215

814,811

CURRENT ASSETS

Debtors

7

171,583

238,143

Cash at bank

2,148

111

173,731

238,254

CREDITORS

Amounts falling due within one year

8

27,468

46,349

NET CURRENT ASSETS

146,263

191,905

TOTAL ASSETS LESS CURRENT LIABILITIES

1,347,478

1,006,716

CREDITORS

Amounts falling due after more than one year

9

(747,274

)

(747,282

)

PROVISIONS FOR LIABILITIES

(17,529

)

-

NET ASSETS

582,675

259,434

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

11

367,892

-

Retained earnings

214,782

259,433

SHAREHOLDERS' FUNDS

582,675

259,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11th November 2021 and were signed by:

C J Freeman - Director

1.	STATUTORY INFORMATION

Caroline 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.

Significant judgements and estimates

There are no significant judgements that have a material effect on the financial statements nor any accounting estimates that have a high risk of causing a material adjustment in a future accounting period.

Turnover

This represents rents receivable from investment properties.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is carried at fair value. Revaluation surpluses or deficits are recognised in the income statement. Deferred taxation is provided on these gains and the net of revaluation and deferred tax movement transferred to a fair value reserve.

The director reviews the property portfolio each year and adjusts the carrying value where he believes that there is a material adjustment to the previous year.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,619

At 31st March 2021

1,619

DEPRECIATION

Charge for year

405

At 31st March 2021

405

NET BOOK VALUE

At 31st March 2021

1,214

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st April 2020

and 31st March 2021

1

NET BOOK VALUE

At 31st March 2021

1

At 31st March 2020

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Pepper Box (UK) Limited

Registered office: Central Chambers 45-47 Albert Street, Rugby, Warwickshire CV21 2SG.

Nature of business: property rental.

%

Class of shares:

holding

Ordinary

100.00

2021

2020

£

£

Aggregate capital and reserves

240,079

770

Profit for the year

251,752

22,129

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2020

814,810

Revaluations

385,190

At 31st March 2021

1,200,000

NET BOOK VALUE

At 31st March 2021

1,200,000

At 31st March 2020

814,810

Fair value at 31st March 2021 is represented by:

£

Valuation in 2021

385,190

Cost

814,810

1,200,000

If investment property had not been revalued it would have been included at the following historical cost:

2021

2020

£

£

Cost

814,810

814,810

Investment property was valued on an open market basis on 31st March 2021 by the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

1,488

2,205

Amounts owed by Pepper Box (UK) Ltd

169,859

235,648

Prepayments

236

290

171,583

238,143

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

-

3,035

Trade creditors

4,823

4,538

Corporation tax payable

12,574

6,858

Other creditors

3,919

6,678

Directors' current accounts

3,948

23,171

Accrued expenses

2,204

2,069

27,468

46,349

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans - more than 5 years

by instalments

747,274

747,282

747,274

747,282

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - more than 5 years

by instalments

747,274

747,282

747,274

747,282

10.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

747,274

747,282

The bank loan accounts and overdraft are secured by a fixed charge over the land and buildings owned by the company.

11.

RESERVES

Fair

value

reserve

£

Transfer between reserves

367,892

At 31st March 2021

367,892