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REGISTERED NUMBER: 04522590 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

CAREFREE TRADING LIMITED

CAREFREE TRADING LIMITED (REGISTERED NUMBER: 04522590)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CAREFREE TRADING LIMITED

Company Information
for the Year Ended 31 August 2023







DIRECTORS: N Pannaman
S P Kay
B A Mistlin





SECRETARY: N Pannaman





REGISTERED OFFICE: 159 High Street
Barnet
Hertfordshire
EN5 5SU





REGISTERED NUMBER: 04522590 (England and Wales)





ACCOUNTANTS: Joshua Leigh & Co Ltd
159 High Street
Barnet
Hertfordshire
EN5 5SU

CAREFREE TRADING LIMITED (REGISTERED NUMBER: 04522590)

Balance Sheet
31 August 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 245,000 245,000

CURRENT ASSETS
Debtors 5 2,624 4,882
Cash at bank 11,884 13,369
14,508 18,251
CREDITORS
Amounts falling due within one year 6 (9,828 ) (16,486 )
NET CURRENT ASSETS 4,680 1,765
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,680

246,765

CREDITORS
Amounts falling due after more than one
year

7

(60,000

)

(60,000

)
NET ASSETS 189,680 186,765

CAPITAL AND RESERVES
Called up share capital 600 600
Non-distributable reserves 8 40,848 40,848
Retained earnings 148,232 145,317
SHAREHOLDERS' FUNDS 189,680 186,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





B A Mistlin - Director


CAREFREE TRADING LIMITED (REGISTERED NUMBER: 04522590)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Carefree Trading 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 represents rents receivable in the year.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 245,000
NET BOOK VALUE
At 31 August 2023 245,000
At 31 August 2022 245,000

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2004 15,848
Valuation in 2005 15,000
Valuation in 2006 10,000
Valuation in 2011 (40,848 )
Valuation in 2015 5,848
Valuation in 2020 15,000
Valuation in 2021 20,000
Cost 204,152
245,000

CAREFREE TRADING LIMITED (REGISTERED NUMBER: 04522590)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. INVESTMENT PROPERTY - continued

If the Investment Property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 204,152 204,152
Aggregate depreciation (132,699 ) (132,699 )

The Directors are of the opinion that the value of these properties, at the balance sheet date, were not materially different to the August 2021 valuations.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 2,947
Other debtors 2,624 1,935
2,624 4,882

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,672 1,458
Taxation and social security 684 2,952
Other creditors 7,472 12,076
9,828 16,486

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 60,000 60,000

8. RESERVES
Non-distributable
reserves
£   
At 1 September 2022
and 31 August 2023 40,848