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 2018

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

Investments

4

1

1

Investment property

5

814,810

814,810

814,811

814,811

CURRENT ASSETS

Debtors

6

228,942

247,441

Cash at bank

610

72,476

229,552

319,917

CREDITORS

Amounts falling due within one year

7

46,103

140,218

NET CURRENT ASSETS

183,449

179,699

TOTAL ASSETS LESS CURRENT LIABILITIES

998,260

994,510

CREDITORS

Amounts falling due after more than one year

8

748,062

747,917

NET ASSETS

250,198

246,593

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

250,197

246,592

SHAREHOLDERS' FUNDS

250,198

246,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 19th December 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

The director has agreed that the cost of valuing the investment property under the fair value methodology

outweighs the benefits provided to the users of the financial statements, and therefore have adopted to account

for the investment property in accordance with Section 17 of the Financial Reporting Standard 102.

The director is of the opinion that the residual value of the investment property is at least equal to the book value

and therefore no depreciation is provided.

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 1 (2017 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st April 2017

and 31st March 2018

1

NET BOOK VALUE

At 31st March 2018

1

At 31st March 2017

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

31.3.18

31.3.17

£

£

Aggregate capital and reserves

13,892

(4,742

)

Profit/(loss) for the year

21,892

(4,743

)

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2017

and 31st March 2018

814,810

NET BOOK VALUE

At 31st March 2018

814,810

At 31st March 2017

814,810

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

2,330

1,873

Amounts owed by Pepper Box (UK) Ltd

225,198

245,560

Other debtors

1,050

8

Prepayments

364

-

228,942

247,441

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

1,978

-

Trade creditors

2,939

2,748

Corporation tax payable

3,191

4,544

Directors' current accounts

35,143

131,471

Accrued expenses

2,852

1,455

46,103

140,218

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans - more than 5 years

by instalments

748,062

747,917

748,062

747,917

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - more than 5 years

by instalments

748,062

747,917

748,062

747,917

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.18

31.3.17

£

£

Bank loans

748,062

747,917

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

company.