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Registration number: 407586

Carlex Estates Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Carlex Estates Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Carlex Estates Limited

Company Information

Directors

Mrs Georgina Mary Troman

Mr Stephen John Carr Charlesworth

Registered office

Manchester House
50 Oxford Road
Guiseley
Leeds
LS20 8AB

Accountants

Fullertons Limited
Chartered Certified Accountants
Manchester House
50 Oxford Road
Guiseley
Leeds
LS20 8AB

 

Carlex Estates Limited

(Registration number: 407586)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

1

Current assets

 

Debtors

5

473

113

Investments

6

979,666

1,074,436

Cash at bank and in hand

 

19,871

31,665

 

1,000,010

1,106,214

Creditors: Amounts falling due within one year

7

(1,899)

(1,771)

Net current assets

 

998,111

1,104,443

Total assets less current liabilities

 

998,111

1,104,444

Provisions for liabilities

(12,347)

(34,515)

Net assets

 

985,764

1,069,929

Capital and reserves

 

Called up share capital

8

5,000

5,000

Retained earnings

980,764

1,064,929

Shareholders' funds

 

985,764

1,069,929

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 November 2023 and signed on its behalf by:
 

 

Carlex Estates Limited

(Registration number: 407586)
Balance Sheet as at 31 March 2023

.........................................
Mrs Georgina Mary Troman
Director

.........................................
Mr Stephen John Carr Charlesworth
Director

 

Carlex Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Manchester House
50 Oxford Road
Guiseley
Leeds
LS20 8AB

The principal place of business is:
The Blue House
Thorley Street
Thorley
Bishops Stortford
Hertfordshire
CM23 4AL

These financial statements were authorised for issue by the Board on 20 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Carlex Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and buildngs over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% reducing balance basis

Investments

Investments are included at market value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 3).

 

Carlex Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2022

5,588

5,588

At 31 March 2023

5,588

5,588

Depreciation

At 1 April 2022

5,587

5,587

Charge for the year

1

1

At 31 March 2023

5,588

5,588

Carrying amount

At 31 March 2023

-

-

At 31 March 2022

1

1

5

debtors

Current

2023
£

2022
£

Other debtors

473

113

 

473

113

6

Current asset investments

2023
£

2022
£

Other investments

979,666

1,074,436

Listed investments

Investments having a net book value of £979,666 (31 March 2022 - £1,074,436) are listed on a recognised stock exchange and had a market value of £979,666 at the end of the year (31 March 2022 - £1,074,436).

 

Carlex Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

1,899

1,771

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £0.25 each

20,000

5,000

20,000

5,000