Company No:
Contents
DIRECTORS | C4c Ownership Partners Limited |
Mr L T Copley-Wilkins | |
Mr L A Manning |
REGISTERED OFFICE | The Framing Yard |
East Cornworthy | |
Totnes | |
TQ9 7HF | |
United Kingdom |
COMPANY NUMBER | 14083161 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Sigma House | |
Oak View Close | |
Edginswell Park | |
Torquay | |
TQ2 7FF |
Note | 31.12.2023 | 31.05.2023 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
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795,401 | 795,401 | |||
Current assets | ||||
Debtors | 4 |
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511 | 511 | |||
Net current assets | 511 | 511 | ||
Total assets less current liabilities | 795,912 | 795,912 | ||
Creditors: amounts falling due after more than one year | 5 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital | 6 |
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Profit and loss account | (
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Carpenter Oak Group Limited (registered number:
Mr L T Copley-Wilkins
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.
Carpenter Oak Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Framing Yard, East Cornworthy, Totnes, TQ9 7HF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The Company is supported through an intercompany loan from a subsidiary Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the subsidiary Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.
The company shortened its accounting period from 31 May 2024 to 31 December 2023 in order that the financial statements were aligned with other members of the group. Therefore the comparative amounts presented in the financial statements are not entirely comparable to the current period.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Period from 01.06.2023 to 31.12.2023 |
Period from 03.05.2022 to 31.05.2023 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the period, including directors |
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Investments in subsidiaries
31.12.2023 | |
£ | |
Cost | |
At 01 June 2023 |
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At 31 December 2023 |
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Carrying value at 31 December 2023 |
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Carrying value at 31 May 2023 |
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31.12.2023 | 31.05.2023 | ||
£ | £ | ||
Amounts owed by Group undertakings |
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Other debtors |
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31.12.2023 | 31.05.2023 | ||
£ | £ | ||
Amounts owed to Group undertakings |
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Other creditors |
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31.12.2023 | 31.05.2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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237,400 | 237,400 |