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REGISTERED NUMBER: 11296930 (England and Wales)















CARRINGTON OLIVER JOHN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






CARRINGTON OLIVER JOHN LIMITED (REGISTERED NUMBER: 11296930)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARRINGTON OLIVER JOHN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: J Carter
A E Carter
A Carter
E O J Carter





REGISTERED OFFICE: 7 Mountford Close
Rogerstone
Newport
Gwent
NP10 0BL





REGISTERED NUMBER: 11296930 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

CARRINGTON OLIVER JOHN LIMITED (REGISTERED NUMBER: 11296930)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 162,378 81,224
Tangible assets 5 142 186
Investments 6 531,064 531,064
Investment property 7 485,000 472,635
1,178,584 1,085,109

CURRENT ASSETS
Debtors 8 567,800 542,787
Cash at bank 923,352 984,143
1,491,152 1,526,930
CREDITORS
Amounts falling due within one year 9 (235,818 ) (986,830 )
NET CURRENT ASSETS 1,255,334 540,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,433,918

1,625,209

PROVISIONS FOR LIABILITIES (16,415 ) (13,324 )
NET ASSETS 2,417,503 1,611,885

CAPITAL AND RESERVES
Called up share capital 10 90 90
Non distributable reserve 49,245 39,971
Retained earnings 2,368,168 1,571,824
SHAREHOLDERS' FUNDS 2,417,503 1,611,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

CARRINGTON OLIVER JOHN LIMITED (REGISTERED NUMBER: 11296930)

BALANCE SHEET - continued
30 APRIL 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 Profit and loss account has not been delivered.

The financial statements were approved for issue by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:





A E Carter - Director


CARRINGTON OLIVER JOHN LIMITED (REGISTERED NUMBER: 11296930)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Carrington Oliver John 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.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102 Section 1A.

Turnover
Turnover is measured at the fair value of the consideration received or receivable in respect of the commission income from various gaming platforms. Also included in turnover is amounts receivable in respect of the rental of investment properties.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Cryptocurrencies are not amortised as they have an indefinite useful life but are tested for impairment annually or whenever there is indication that the intangible asset may be impaired.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and Fittings - 20% on cost

Investment property
Investment properties are carried at fair value. Revaluation surpluses and deficits are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold, or the deferred tax liability is settled.

Investments
Investments are recognised at cost less provision for permanent diminution in vale.

Current taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

CARRINGTON OLIVER JOHN LIMITED (REGISTERED NUMBER: 11296930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2022 81,224
Additions 86,621
Disposals (5,467 )
At 30 April 2023 162,378
NET BOOK VALUE
At 30 April 2023 162,378
At 30 April 2022 81,224

5. TANGIBLE FIXED ASSETS
Fixtures
and
Fittings
£   
COST
At 1 May 2022
and 30 April 2023 219
DEPRECIATION
At 1 May 2022 33
Charge for year 44
At 30 April 2023 77
NET BOOK VALUE
At 30 April 2023 142
At 30 April 2022 186

6. FIXED ASSET INVESTMENTS
Interest
in other
participating Other
interests investments Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 500,000 31,064 531,064
NET BOOK VALUE
At 30 April 2023 500,000 31,064 531,064
At 30 April 2022 500,000 31,064 531,064

CARRINGTON OLIVER JOHN LIMITED (REGISTERED NUMBER: 11296930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022 472,636
Revaluations 12,364
At 30 April 2023 485,000
NET BOOK VALUE
At 30 April 2023 485,000
At 30 April 2022 472,636

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2023 485,000

The investment properties were valued on a fair value basis by the directors. In valuing the properties the directors have considered sales of similar properties is the area and rental yields.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 114,964 94,393
Other debtors 108,367 108,367
Amount owed by related party 4,522 -
Directors' current accounts 339,947 340,027
567,800 542,787

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 229,320 178,570
Amount owed to related party - 303,856
Other creditors - 500,000
Directors' current accounts 1,783 2,604
Accruals and deferred income 4,715 1,800
235,818 986,830

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
90 Ordinary £1 90 90

CARRINGTON OLIVER JOHN LIMITED (REGISTERED NUMBER: 11296930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
E O J Carter
Balance outstanding at start of year 340,027 333,513
Amounts advanced 4,901 6,514
Amounts repaid (4,981 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 339,947 340,027

The above loan has no fixed repayment terms. Interest has been charged on the loan at a commercial rate.