Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 00830381 Mr Ian Carter Mr Derek Carter Mrs Michelle Bingham Mrs Julie Kerrigan Mr Ian Carter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00830381 2022-12-31 00830381 2023-12-31 00830381 2023-01-01 2023-12-31 00830381 frs-core:CurrentFinancialInstruments 2023-12-31 00830381 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 00830381 frs-core:InvestmentPropertyIncludedWithinPPE 2022-12-31 00830381 frs-core:MotorVehicles 2023-01-01 2023-12-31 00830381 frs-core:PlantMachinery 2023-12-31 00830381 frs-core:PlantMachinery 2023-01-01 2023-12-31 00830381 frs-core:PlantMachinery 2022-12-31 00830381 frs-core:OtherReservesSubtotal 2023-12-31 00830381 frs-core:ShareCapital 2023-12-31 00830381 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 00830381 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00830381 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 00830381 frs-bus:SmallEntities 2023-01-01 2023-12-31 00830381 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00830381 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 00830381 frs-bus:Director1 2023-01-01 2023-12-31 00830381 frs-bus:Director2 2023-01-01 2023-12-31 00830381 frs-bus:Director3 2023-01-01 2023-12-31 00830381 frs-bus:Director4 2023-01-01 2023-12-31 00830381 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 00830381 frs-countries:EnglandWales 2023-01-01 2023-12-31 00830381 2021-12-31 00830381 2022-12-31 00830381 2022-01-01 2022-12-31 00830381 frs-core:CurrentFinancialInstruments 2022-12-31 00830381 frs-core:OtherReservesSubtotal 2022-12-31 00830381 frs-core:ShareCapital 2022-12-31 00830381 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 00830381
Carter Brothers Properties Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Radford & Sergeant Limited
Building 3
Watchmoor Park
Camberley
Surrey
GU15 3YL
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00830381
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,656,147 1,656,230
1,656,147 1,656,230
CURRENT ASSETS
Debtors 5 5,119 4,981
Cash at bank and in hand 40,578 42,995
45,697 47,976
Creditors: Amounts Falling Due Within One Year 6 (63,917 ) (63,720 )
NET CURRENT ASSETS (LIABILITIES) (18,220 ) (15,744 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,637,927 1,640,486
PROVISIONS FOR LIABILITIES
Deferred Taxation (303,281 ) (303,195 )
NET ASSETS 1,334,646 1,337,291
CAPITAL AND RESERVES
Called up share capital 7 3,000 3,000
Other reserves 1,298,606 1,298,606
Profit and Loss Account 33,040 35,685
SHAREHOLDERS' FUNDS 1,334,646 1,337,291
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ian Carter
Director
29 March 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Carter Brothers Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00830381 . The registered office is Little Rowledge House, 24 Rosemary Lane, Rowledge, Surrey, GU10 4DD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery - 15% on cost
Motor Vehicles - 25% on reducing balance
2.3. Investment Properties
Investment property is shown at fair value. Any revaluation gain or loss is recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less. Investment properties shall be included in the balance sheet at their fair value.
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
2 2
4. Tangible Assets
Investment Properties Plant & Machinery etc. Total
£ £ £
Cost
As at 1 January 2023 1,655,695 6,372 1,662,067
As at 31 December 2023 1,655,695 6,372 1,662,067
Depreciation
As at 1 January 2023 - 5,837 5,837
Provided during the period - 83 83
As at 31 December 2023 - 5,920 5,920
...CONTINUED
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Page 4
Net Book Value
As at 31 December 2023 1,655,695 452 1,656,147
As at 1 January 2023 1,655,695 535 1,656,230
Investment Property
As at 31 December 2023 the Directors valued the Investment property at £1,655,694 (2022: £1,655,694)
Revaluations on the cost
1998: £120,000
2003: £514,661
2006: £  50,000
2010:  £200,000
2011:  (£157,729)
2014:  £  77,250
2015:  £705,889
2016:  £  39,250
2017:  £  46,444
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 3,520 3,600
Prepayments and accrued income 1,599 1,381
5,119 4,981
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 2,493 3,696
Other taxes and social security 1,800 1,800
Other creditors 18,882 18,927
Accruals and deferred income 2,508 2,461
Directors' loan accounts 38,234 36,836
63,917 63,720
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 3,000 3,000
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
2023 2022
£ £
Mr Ian Carter 3,000 3,000
Mr Derek Carter 3,000 3,000
Mrs Michelle Bingham 3,000 3,000
Mrs Julie Kerrigan 3,000 3,000
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9. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 18,000 18,000
18,000 18,000
10. Related Party Transactions
Mr Ian CarterDirectorLoan to the Company

Mr Ian Carter

Director

Loan to the Company

On the 1 January 23 the Director Mr Ian Carter had loaned the company £25,000. There is interest calculated annually on the 31 December and provided at the Bank of England Base rate plus 1 percent.
On the 31 December 23 the company owed £1,398 of interest to the director which is payable on request.
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