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REGISTERED NUMBER: 10411182 (England and Wales)















Unaudited Financial Statements

For The Period 30 March 2022 to 27 March 2023

for

The Carlsberg Tetley Project Ltd

The Carlsberg Tetley Project Ltd (Registered number: 10411182)






Contents of the Financial Statements
For The Period 30 March 2022 to 27 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Carlsberg Tetley Project Ltd

Company Information
For The Period 30 March 2022 to 27 March 2023







DIRECTORS: A Drew
N J Hartwright





REGISTERED OFFICE: C/O The Factory Project Ltd
4 Thameside Industrial Estate
Factory Road
London
E16 2HB





REGISTERED NUMBER: 10411182 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

The Carlsberg Tetley Project Ltd (Registered number: 10411182)

Balance Sheet
27 March 2023

27.3.23 29.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 204,293 411,379

CURRENT ASSETS
Debtors 5 337,304 238,740
Cash at bank 2,864 8,088
340,168 246,828
CREDITORS
Amounts falling due within one year 6 1,216,622 1,064,938
NET CURRENT LIABILITIES (876,454 ) (818,110 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(672,161

)

(406,731

)

CREDITORS
Amounts falling due after more than one
year

7

85,979

131,431
NET LIABILITIES (758,140 ) (538,162 )

RESERVES
Income and expenditure account (758,140 ) (538,162 )
(758,140 ) (538,162 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 March 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 surplus or deficit 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 Carlsberg Tetley Project Ltd (Registered number: 10411182)

Balance Sheet - continued
27 March 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 Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:





N J Hartwright - Director


The Carlsberg Tetley Project Ltd (Registered number: 10411182)

Notes to the Financial Statements
For The Period 30 March 2022 to 27 March 2023

1. STATUTORY INFORMATION

The Carlsberg Tetley Project Ltd is a private company, limited by guarantee , 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.

The financial statements are prepared under the going concern basis, relying on the continued support of the company's directors and loan creditors and the future achievement of grant providers objectives.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and is recognised as services are provided. Where invoices are issued which cover a period which extends beyond the year end, the relevant proportion is credited to the income statement for the period and the amount in advance is carried forward in creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the lease term
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

The depreciation of Improvements to property will commence when the improvements have been completed.

Taxation
Taxation for the period 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 period 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 surplus or deficit on a straight line basis over the period of the lease.

The Carlsberg Tetley Project Ltd (Registered number: 10411182)

Notes to the Financial Statements - continued
For The Period 30 March 2022 to 27 March 2023

2. ACCOUNTING POLICIES - continued

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Interest Bearing borrowings
Loans received are stated at the initial amount received. Interest is accrued up to the end of the accounting period where not yet paid. Costs of raising finance are recognised in profit and loss account in the period in which they are incurred.

Government grants
Grants towards capital expenditure are shown as credits, when received, against the relevant fixed asset heading and are thus effectively released to profit and loss account over the life of the relevant fixed assets by reducing the depreciation charge.

Grants toward revenue expenditure are taken straight to profit and loss account when received and shown as other operating income.

Where there are conditions attaching to the grants, the directors keep these under review such that should any of the grants become repayable, this is then transferred back to creditors.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 30 March 2022 1,152,137 25,400 10,500 1,041 1,189,078
Additions 9,000 - - - 9,000
At 27 March 2023 1,161,137 25,400 10,500 1,041 1,198,078
DEPRECIATION
At 30 March 2022 745,269 20,889 10,500 1,041 777,699
Charge for period 214,008 2,078 - - 216,086
At 27 March 2023 959,277 22,967 10,500 1,041 993,785
NET BOOK VALUE
At 27 March 2023 201,860 2,433 - - 204,293
At 29 March 2022 406,868 4,511 - - 411,379

The Carlsberg Tetley Project Ltd (Registered number: 10411182)

Notes to the Financial Statements - continued
For The Period 30 March 2022 to 27 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.3.23 29.3.22
£    £   
Trade debtors 3,701 29,384
Other debtors 330,377 209,356
VAT 3,226 -
337,304 238,740

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.3.23 29.3.22
£    £   
Bank loans and overdrafts 5,663 5,452
Trade creditors 518,307 44,527
VAT - 10,913
Other creditors 426,256 343,981
Directors' loan accounts 37,264 52,235
Accruals and deferred income 229,132 607,830
1,216,622 1,064,938

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
27.3.23 29.3.22
£    £   
Bank loans 35,200 43,652
Directors' loan accounts 50,779 87,779
85,979 131,431

8. CONTINGENT LIABILITIES

The company has received demands for four rates bills after the year end for 2020 onwards for £270,000 each. The company is disputing this with the relevant authorities. However an accrual of £25,000 has been made in order to cover a partial amount of these bills, but no further amount has been accrued for.

9. OTHER FINANCIAL COMMITMENTS

At 29th March 2023, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £375,000, subject to the level of rental income received.