IRIS Accounts Production v22.2.0.402 04444103 Board of Directors 1.4.21 31.3.22 31.3.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure044441032021-03-31044441032022-03-31044441032021-04-012022-03-31044441032020-03-31044441032020-04-012021-03-31044441032021-03-3104444103ns16:EnglandWales2021-04-012022-03-3104444103ns15:PoundSterling2021-04-012022-03-3104444103ns11:Director12021-04-012022-03-3104444103ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3104444103ns11:SmallEntities2021-04-012022-03-3104444103ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-3104444103ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3104444103ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3104444103ns11:FullAccounts2021-04-012022-03-3104444103ns11:Director22021-04-012022-03-3104444103ns11:Director32021-04-012022-03-3104444103ns11:CompanySecretary12021-04-012022-03-3104444103ns11:RegisteredOffice2021-04-012022-03-3104444103ns6:CurrentFinancialInstruments2022-03-3104444103ns6:CurrentFinancialInstruments2021-03-3104444103ns6:ShareCapital2022-03-3104444103ns6:ShareCapital2021-03-3104444103ns6:SharePremium2022-03-3104444103ns6:SharePremium2021-03-3104444103ns6:RevaluationReserve2022-03-3104444103ns6:RevaluationReserve2021-03-3104444103ns6:CapitalRedemptionReserve2022-03-3104444103ns6:CapitalRedemptionReserve2021-03-3104444103ns6:FurtherSpecificReserve1ComponentTotalEquity2022-03-3104444103ns6:FurtherSpecificReserve1ComponentTotalEquity2021-03-3104444103ns6:FurtherSpecificReserve2ComponentTotalEquity2022-03-3104444103ns6:FurtherSpecificReserve2ComponentTotalEquity2021-03-3104444103ns6:FurtherSpecificReserve3ComponentTotalEquity2022-03-3104444103ns6:FurtherSpecificReserve3ComponentTotalEquity2021-03-3104444103ns6:RetainedEarningsAccumulatedLosses2022-03-3104444103ns6:RetainedEarningsAccumulatedLosses2021-03-3104444103ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3104444103ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-3104444103ns6:RetainedEarningsAccumulatedLosses2021-03-3104444103ns6:SharePremium2021-03-3104444103ns6:RevaluationReserve2021-03-3104444103ns6:CapitalRedemptionReserve2021-03-3104444103ns6:RetainedEarningsAccumulatedLosses2021-04-012022-03-3104444103ns6:FurtherSpecificReserve1ComponentTotalEquity2021-03-3104444103ns6:FurtherSpecificReserve2ComponentTotalEquity2021-03-3104444103ns6:FurtherSpecificReserve3ComponentTotalEquity2021-03-31
REGISTERED NUMBER: 04444103 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Carnival Walk Management Company Limited

Carnival Walk Management Company Limited (Registered number: 04444103)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Carnival Walk Management Company Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: S C Abel
R W Brown
D Davison





SECRETARY: S C Abel





REGISTERED OFFICE: 47 High Street
Bridgwater
Somerset
TA6 3BG





REGISTERED NUMBER: 04444103 (England and Wales)





ACCOUNTANTS: OCL Accountancy
141 Englishcombe Lane
Bath
BA2 2EL

Carnival Walk Management Company Limited (Registered number: 04444103)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £   
CURRENT ASSETS
Debtors 4 (9,583 ) 980
Cash at bank 192,808 179,635
183,225 180,615
CREDITORS
Amounts falling due within one year 5 243 14,445
NET CURRENT ASSETS 182,982 166,170
TOTAL ASSETS LESS CURRENT LIABILITIES 182,982 166,170

CAPITAL AND RESERVES
Called up share capital 76 76
Tarmac reserve 6 56,900 48,150
Insurance reserve 6 10,263 6,538
External Redecoration reserve 6 80,450 68,600
Internal Redecoration reserve 6 8,910 8,130
Carpet reserve 6 10,575 8,450
Electrical Safety reserve 6 2,100 2,650
Retained earnings 6 13,708 23,576
182,982 166,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 9 September 2022 and were signed on its behalf by:





S C Abel - Director


Carnival Walk Management Company Limited (Registered number: 04444103)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Carnival Walk Management Company 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 3 (2021 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors (9,621 ) 904
Other debtors 38 76
(9,583 ) 980

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors (117 ) 14,085
Other creditors 360 360
243 14,445

Carnival Walk Management Company Limited (Registered number: 04444103)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

6. RESERVES
External
Retained Tarmac Insurance Redecoration
earnings reserve reserve reserve
£    £    £    £   

At 1 April 2021 23,576 48,150 6,538 68,600
Profit for the year 16,988 - - -
Transfer (26,856 ) 8,750 3,725 11,850
At 31 March 2022 13,708 56,900 10,263 80,450
Internal Electrical
Redecoration Carpet Safety
reserve reserve reserve Totals
£    £    £    £   

At 1 April 2021 8,130 8,450 2,650 166,094
Profit for the year - - - 16,988
Transfer 780 2,125 (550 ) (176 )
At 31 March 2022 8,910 10,575 2,100 182,906

7. CLIENT MONEY

The amount shown in the bank account in the Company accounts, is the money held on trust for the tenants.

8. AGENTS REMUNERATION

No remuneration was paid to the Agent for works carried out in relation to the property.