Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1falseSales agent for residential property developmenttrue2023-01-011 02664832 2023-01-01 2023-12-31 02664832 2022-01-01 2022-12-31 02664832 2023-12-31 02664832 2022-12-31 02664832 c:Director1 2023-01-01 2023-12-31 02664832 d:CurrentFinancialInstruments 2023-12-31 02664832 d:CurrentFinancialInstruments 2022-12-31 02664832 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02664832 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02664832 d:ShareCapital 2023-12-31 02664832 d:ShareCapital 2022-12-31 02664832 d:RetainedEarningsAccumulatedLosses 2023-12-31 02664832 d:RetainedEarningsAccumulatedLosses 2022-12-31 02664832 c:OrdinaryShareClass1 2023-01-01 2023-12-31 02664832 c:OrdinaryShareClass1 2023-12-31 02664832 c:FRS102 2023-01-01 2023-12-31 02664832 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02664832 c:FullAccounts 2023-01-01 2023-12-31 02664832 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02664832 6 2023-01-01 2023-12-31 02664832 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 02664832














CARLTON GATE SALES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
CARLTON GATE SALES LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 4


 
CARLTON GATE SALES LIMITED
REGISTERED NUMBER:02664832

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
12
12

Current assets
  

Debtors: amounts falling due within one year
 5 
1,989,138
1,990,639

Bank and cash balances
  
26,962
130

  
2,016,100
1,990,769

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(26,724)
(1,400)

Net current assets
  
 
 
1,989,376
 
 
1,989,369

Net assets
  
1,989,388
1,989,381


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
1,989,386
1,989,379

  
1,989,388
1,989,381


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 June 2024.



C G Rifkind
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
CARLTON GATE SALES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Carlton Gate Sales Limited is a private limited liability company incorporated in England and Wales with its principal place of business and registered office at The Tea House, 17 Hall Road, London, NW8 9RF.
The principal activity of the Company continued to be that of sales agent for the residential development known as Carlton Gate.
The functional and presentational currency of the Company is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Turnover

Turnover comprises premiums arising on lease extensions, exclusive of VAT.
Revenue from lease premiums is recognised in full on completion.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less impairment.

 
2.5

Debtors

Short term debtors are measured at the transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

Page 2

 
CARLTON GATE SALES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to related parties and investments in non-puttable ordinary shares.


3.


Employees

The serving director was the only employee of the company during the current and preceding period.


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 January 2023
12



At 31 December 2023

12






Net book value



At 31 December 2023
12



At 31 December 2022
12


5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
1,978,156
1,979,656

Other debtors
10,982
10,983

1,989,138
1,990,639


Page 3

 
CARLTON GATE SALES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
26,724
-

Accruals and deferred income
-
1,400

26,724
1,400



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 Ordinary shares of £1 each
2
2



8.


Related party transactions

The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.


9.


Controlling party

The company is a wholly owned subsidiary of Teahouse Associate Limited, a company registered in England and Wales. The director regards Teahouse Associates Limited, a company registered in England and Wales, as the ultimate parent company. C G Rifkind, the director of the company, is the ultimate controlling party.

 
Page 4