REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
1 January 2023 to 30 June 2024 |
for |
Carville Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
1 January 2023 to 30 June 2024 |
for |
Carville Limited |
Carville Limited (Registered number: 02806578) |
Contents of the Financial Statements |
for the Period 1 January 2023 to 30 June 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Carville Limited |
Company Information |
for the Period 1 January 2023 to 30 June 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Old Printers Yard |
156 South Street |
Dorking |
Surrey |
RH4 2HF |
BANKERS: |
14 High Street |
Dorking |
Surrey |
RH4 1AX |
Carville Limited (Registered number: 02806578) |
Balance Sheet |
30 June 2024 |
30.6.24 | 31.12.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 | ( |
) |
PROVISIONS FOR LIABILITIES | 10 | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Revaluation reserve | 12 |
Retained earnings | 12 |
SHAREHOLDERS' FUNDS |
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. |
Carville Limited (Registered number: 02806578) |
Balance Sheet - continued |
30 June 2024 |
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 |
Carville Limited (Registered number: 02806578) |
Notes to the Financial Statements |
for the Period 1 January 2023 to 30 June 2024 |
1. | STATUTORY INFORMATION |
Carville Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on the basis that the company is no longer a going concern. |
Turnover |
Turnover is derived from the precision manufacturing of plastic materials. Turnover is recognised when the goods are dispatched or are available for collection by the customer. |
Tangible fixed assets |
Depreciation is provided at the annual rates shown below in order to write off each asset over its expected useful life. Depreciation is charged on a monthly basis from the date of acquisition. |
Freehold property - in accordance with the property. Land has an indefinite useful life. |
Plant and machinery - 10% on cost |
Fixtures and fittings - 33% on cost |
Motor vehicles - 25% on cost |
With the exception of freehold property, tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.Freehold land and buildings are shown in the balance sheet at deemed cost resulting from a previous GAAP valuation in accordance with the transitional provisions of FRS102 Section 1A. |
At the balance sheet date the remaining fixed assets have been reviewed for impairment and stated at the lower of cost or valuation and anticipated net sale value. |
Stocks |
All stock has been sold by the balance sheet date. |
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. |
Carville Limited (Registered number: 02806578) |
Notes to the Financial Statements - continued |
for the Period 1 January 2023 to 30 June 2024 |
2. | ACCOUNTING POLICIES - continued |
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. |
Foreign currencies |
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Hire purchase and leasing commitments |
Property, plant and equipment acquired under finance leases under hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The creditor has been fully paid at the balance sheet date. |
Rentals payable under operating leases are charged to the profit and loss account |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Carville Limited (Registered number: 02806578) |
Notes to the Financial Statements - continued |
for the Period 1 January 2023 to 30 June 2024 |
4. | TANGIBLE FIXED ASSETS |
Computer, |
Freehold | Plant and | fixtures | Motor |
property | machinery | & fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
COST OR VALUATION |
At 1 January 2023 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
At 30 June 2024 |
DEPRECIATION |
At 1 January 2023 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 31 December 2022 |
Cost or valuation at 30 June 2024 is represented by: |
Freehold | Plant and |
property | machinery | Totals |
£ | £ | £ |
Valuation in 1997 | 145,127 | - | 145,127 |
Cost | 644,873 | 45,479 | 690,352 |
790,000 | 45,479 | 835,479 |
If freehold land and buildings had not been revalued they would have been included at the following historical cost: |
30.6.24 | 31.12.22 |
£ | £ |
Cost | 644,873 | 644,873 |
Freehold land and buildings were valued on an open market basis on 21 October 1997 by Hurst Warne, RICS . |
Carville Limited (Registered number: 02806578) |
Notes to the Financial Statements - continued |
for the Period 1 January 2023 to 30 June 2024 |
4. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
£ |
COST OR VALUATION |
At 1 January 2023 |
Disposals | ( |
) |
At 30 June 2024 |
DEPRECIATION |
At 1 January 2023 |
Charge for period |
Eliminated on disposal | ( |
) |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 31 December 2022 |
The assets held under hire purchase and finance lease have been capitalised in accordance with accounting policies. The legal title of the asset under the agreement is held by the creditor however the rights and obligations of ownership vest with the company. All hire purchase agreements were settled during the financial period. |
5. | FIXED ASSET INVESTMENTS |
Unlisted |
investments |
£ |
COST |
At 1 January 2023 |
and 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 31 December 2022 |
Carville Limited (Registered number: 02806578) |
Notes to the Financial Statements - continued |
for the Period 1 January 2023 to 30 June 2024 |
5. | FIXED ASSET INVESTMENTS - continued |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: Station Road, Dorking, Surrey RH4 1HQ |
Nature of business: |
% |
Class of shares: | holding |
30.6.24 | 31.12.22 |
£ | £ |
Aggregate capital and reserves |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 31.12.22 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 31.12.22 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts (see note 9) |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
VAT | 183,349 | 17,016 |
Other creditors |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.6.24 | 31.12.22 |
£ | £ |
Bank loans 2-5 years |
Hire purchase contracts (see note 9) |
On 1st May 2020 the company took out a loan of £250,000, under the CBIL Scheme, with National Westminster Bank. The loan was repayable over 72 months. Interest was charged at 2.42% over base rate. The interest rate in the first 12 months was 0%. The loan was repaid in full on the 22nd March 2024. |
Carville Limited (Registered number: 02806578) |
Notes to the Financial Statements - continued |
for the Period 1 January 2023 to 30 June 2024 |
9. | LEASING AGREEMENTS |
Minimum lease payments under hire purchase fall due as follows: |
30.6.24 | 31.12.22 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
10. | PROVISIONS FOR LIABILITIES |
30.6.24 | 31.12.22 |
£ | £ |
Deferred tax | - | 84,866 |
Deferred |
tax |
£ |
Balance at 1 January 2023 |
Credit to Income Statement during period | ( |
) |
Balance at 30 June 2024 |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.24 | 31.12.22 |
value: | £ | £ |
Ordinary | £1 | 10,000 | 10,000 |
12. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
At 1 January 2023 | 2,065,248 |
Profit for the period | - |
At 30 June 2024 | 3,376,808 |
13. | RELATED PARTY DISCLOSURES |
ExTangent Limited |
M A Ratcliffe and S M Ratcliffe are directors, and S M Ratcliffe is a 50% shareholder of ExTangent Limited which owns 50% of the share capital of Carville Limited. ExTangent Limited is in voluntary liquidation at the date of approval of these financial statements.. |
Carville Limited (Registered number: 02806578) |
Notes to the Financial Statements - continued |
for the Period 1 January 2023 to 30 June 2024 |
14. | POST BALANCE SHEET EVENTS |
Subsequent to the balance sheet date the property has been sold and the company will start the process of a Members Voluntary Liquidation in September 2024. |