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REGISTERED NUMBER: 09911774 (England and Wales)




















Financial Statements

for the Year Ended 31 December 2023

for

CARLY HOMES LTD

CARLY HOMES LTD (REGISTERED NUMBER: 09911774)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARLY HOMES LTD

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Miss M D D De Jesus Gomes





REGISTERED OFFICE: 13A Lakefield Road
London
N22 6RR





REGISTERED NUMBER: 09911774 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

CARLY HOMES LTD (REGISTERED NUMBER: 09911774)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 562 539
Investment property 6 460,000 460,000
460,562 460,539

CURRENT ASSETS
Debtors 7 2,444 2,939
Cash at bank 5,679 3,290
8,123 6,229
CREDITORS
Amounts falling due within one year 8 (74,385 ) (73,654 )
NET CURRENT LIABILITIES (66,262 ) (67,425 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

394,300

393,114

CREDITORS
Amounts falling due after more than one
year

9

(347,638

)

(347,638

)

PROVISIONS FOR LIABILITIES (9,853 ) (9,853 )
NET ASSETS 36,809 35,623

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 36,709 35,523
SHAREHOLDERS' FUNDS 36,809 35,623

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

CARLY HOMES LTD (REGISTERED NUMBER: 09911774)

Balance Sheet - continued
31 December 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 4 August 2024 and were signed by:





Miss M D D De Jesus Gomes - Director


CARLY HOMES LTD (REGISTERED NUMBER: 09911774)

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

1. STATUTORY INFORMATION

Carly Homes Ltd 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.

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.

Business Know How are being amortised evenly over their estimated useful life of five years.

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 - 25% on cost

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 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.

CARLY HOMES LTD (REGISTERED NUMBER: 09911774)

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

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Business
Know How
£   
COST
At 1 January 2023
and 31 December 2023 24,552
AMORTISATION
At 1 January 2023
and 31 December 2023 24,552
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023 719
Additions 270
At 31 December 2023 989
DEPRECIATION
At 1 January 2023 180
Charge for year 247
At 31 December 2023 427
NET BOOK VALUE
At 31 December 2023 562
At 31 December 2022 539

CARLY HOMES LTD (REGISTERED NUMBER: 09911774)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 460,000
NET BOOK VALUE
At 31 December 2023 460,000
At 31 December 2022 460,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 39,411
Cost 420,589
460,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 2,444 2,939

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,152 -
Taxation and social security 336 199
Other creditors 71,897 73,455
74,385 73,654

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 347,638 347,638

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 347,638 347,638

CARLY HOMES LTD (REGISTERED NUMBER: 09911774)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Mortgage 347,638 347,638

The mortgage provided by The Mortgage Lender Limited is secured against the freehold interest in the property known as 38 Queen Elizabeth's Drive by way of a negative pledge.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 January 2023 35,523
Profit for the year 1,186
At 31 December 2023 36,709

Reserves include an amount of £29,558 that relates to the, net of tax, revaluation of Investment Property. This amount is not distributable.

13. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.