Caley Property Limited - Accounts to registrar (filleted) - small 23.1.2
Caley Property Limited - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 |
| FOR |
| CALEY PROPERTY LIMITED |
| CALEY PROPERTY LIMITED (REGISTERED NUMBER: SC130239) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 September 2022 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| CALEY PROPERTY LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 September 2022 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Sandall House |
| 230 High Street |
| Herne Bay |
| Kent |
| CT6 5AX |
| CALEY PROPERTY LIMITED (REGISTERED NUMBER: SC130239) |
| STATEMENT OF FINANCIAL POSITION |
| 30 September 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| CALEY PROPERTY LIMITED (REGISTERED NUMBER: SC130239) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 30 September 2022 |
| 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 |
| CALEY PROPERTY LIMITED (REGISTERED NUMBER: SC130239) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 September 2022 |
| 1. | STATUTORY INFORMATION |
| Caley Property Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents rents receivable from leasehold investment properties and management consultancy fees. |
| 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 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 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 |
| CALEY PROPERTY LIMITED (REGISTERED NUMBER: SC130239) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 September 2022 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 October 2021 |
| Revaluations | 35,000 |
| At 30 September 2022 |
| NET BOOK VALUE |
| At 30 September 2022 |
| At 30 September 2021 |
| Fair value at 30 September 2022 is represented by: |
| £ |
| Valuation in 2001 | 129,744 |
| Valuation in 2002 | 96,100 |
| Valuation in 2007 | 150,000 |
| Valuation in 2012 | 102,174 |
| Valuation in 2017 | 65,400 |
| Valuation in 2018 | (110,000 | ) |
| Valuation in 2022 | 35,000 |
| Cost | 306,582 |
| 775,000 |
| If leasehold properties had not been revalued they would have been included at the following historical cost: |
| 2022 | 2021 |
| £ | £ |
| Cost | 306,582 | 306,582 |
| Investment properties were valued on an open market basis on 30 September 2022 by the director. . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| CALEY PROPERTY LIMITED (REGISTERED NUMBER: SC130239) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 September 2022 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| Amounts owed to Group undertakings are interest free and repayable subject to the lender giving not less than 12 months notice. |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2022 | 2021 |
| £ | £ |
| Bank loans |
| The bank loan is secured by way of a first legal charge over the company's leasehold properties, an assignment of rents and a debenture over the company's assets. |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 October 2021 |
| and 30 September 2022 |
| 10. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Dr. F Bizzari. |