IRIS Accounts Production v23.2.0.158 09171936 director 1.3.22 28.2.23 28.2.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091719362022-02-28091719362023-02-28091719362022-03-012023-02-28091719362021-02-28091719362021-03-012022-02-28091719362022-02-2809171936ns10:Originalns15:EnglandWales2022-03-012023-02-2809171936ns14:PoundSterlingns10:Original2022-03-012023-02-2809171936ns10:Originalns10:Director12022-03-012023-02-2809171936ns10:Original2022-03-012023-02-2809171936ns10:Original2023-02-2809171936ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2809171936ns10:Originalns10:SmallEntities2022-03-012023-02-2809171936ns10:Originalns10:AuditExemptWithAccountantsReport2022-03-012023-02-2809171936ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2809171936ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2809171936ns10:Originalns10:FullAccounts2022-03-012023-02-2809171936ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-2809171936ns10:Originalns10:RegisteredOffice2022-03-012023-02-2809171936ns10:Original2022-02-2809171936ns10:Originalns5:CurrentFinancialInstruments2023-02-2809171936ns10:Originalns5:CurrentFinancialInstruments2022-02-2809171936ns5:ShareCapitalns10:Original2023-02-2809171936ns5:ShareCapitalns10:Original2022-02-2809171936ns10:Originalns5:SharePremium2023-02-2809171936ns10:Originalns5:SharePremium2022-02-2809171936ns10:Originalns5:RevaluationReserve2023-02-2809171936ns10:Originalns5:RevaluationReserve2022-02-2809171936ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2809171936ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2809171936ns10:Originalns5:ComputerEquipment2022-03-012023-02-2809171936ns10:Original2021-03-012022-02-2809171936ns10:Originalns5:ComputerEquipment2022-02-2809171936ns10:Originalns5:ComputerEquipment2023-02-2809171936ns10:Originalns5:ComputerEquipment2022-02-2809171936ns10:Original2022-02-2809171936ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2809171936ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2809171936ns10:Originalns10:OrdinaryShareClass12023-02-2809171936ns10:Originalns5:RevaluationReserve2022-02-28
REGISTERED NUMBER: 09171936 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Craven Carr Limited

Craven Carr Limited (Registered number: 09171936)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Craven Carr Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: G J Hartley





REGISTERED OFFICE: Bybarrows
47 Six Hills Road
Walton on the Wolds
Loughborough
Leicestershire
LE12 8JF





REGISTERED NUMBER: 09171936 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Craven Carr Limited (Registered number: 09171936)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,871,000 1,721,000
1,871,000 1,721,000

CURRENT ASSETS
Stocks 75,072 497,731
Debtors 6 390 1,955
Cash at bank 87,818 296,479
163,280 796,165
CREDITORS
Amounts falling due within one year 7 1,238,429 1,716,601
NET CURRENT LIABILITIES (1,075,149 ) (920,436 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

795,851

800,564

PROVISIONS FOR LIABILITIES 7,046 7,046
NET ASSETS 788,805 793,518

CAPITAL AND RESERVES
Called up share capital 8 570 570
Share premium 554,130 554,130
Investment property revaluation reserve 9 98,318 98,318
Retained earnings 135,787 140,500
SHAREHOLDERS' FUNDS 788,805 793,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Craven Carr Limited (Registered number: 09171936)

Balance Sheet - continued
28 February 2023


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 director and authorised for issue on 6 October 2023 and were signed by:





G J Hartley - Director


Craven Carr Limited (Registered number: 09171936)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Craven Carr Limited (Registered number: 09171936)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Investment property revaluation reserve
The investment property revaluation reserve is a non-distributable profit reserve. Fair value changes in investment properties, less associated deferred tax provisions, are recorded in this reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2022
and 28 February 2023 2,617
DEPRECIATION
At 1 March 2022
and 28 February 2023 2,617
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 1,721,000
Additions 150,000
At 28 February 2023 1,871,000
NET BOOK VALUE
At 28 February 2023 1,871,000
At 28 February 2022 1,721,000

Craven Carr Limited (Registered number: 09171936)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. INVESTMENT PROPERTY - continued

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2015 25,000
Valuation in 2016 25,500
Valuation in 2017 (30,000 )
Valuation in 2018 28,864
Valuation in 2019 10,000
Valuation in 2020 46,000
Cost 1,765,636
1,871,000

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

28.2.23 28.2.22
£    £   
Cost 2,115,636 1,615,636

Investment property was valued on an open market basis on 28 February 2023 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 390 1,955

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 12,239 7,361
Other creditors 1,226,190 1,709,240
1,238,429 1,716,601

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 570 570

Craven Carr Limited (Registered number: 09171936)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. RESERVES
Investment
property
revaluation
reserve
£   
At 1 March 2022
and 28 February 2023 98,318

10. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £Nil (2021 £3,087).

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Craven Carr Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Craven Carr Limited for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Craven Carr Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Craven Carr Limited and state those matters that we have agreed to state to the director of Craven Carr Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Craven Carr Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Craven Carr Limited. You consider that Craven Carr Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Craven Carr Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


6 October 2023