Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01truetrueNo description of principal activityfalse33The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07740440 2023-01-01 2023-12-31 07740440 2022-01-01 2022-12-31 07740440 2023-12-31 07740440 2022-12-31 07740440 c:Director2 2023-01-01 2023-12-31 07740440 d:FreeholdInvestmentProperty 2023-12-31 07740440 d:FreeholdInvestmentProperty 2022-12-31 07740440 d:CurrentFinancialInstruments 2023-12-31 07740440 d:CurrentFinancialInstruments 2022-12-31 07740440 d:Non-currentFinancialInstruments 2023-12-31 07740440 d:Non-currentFinancialInstruments 2022-12-31 07740440 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07740440 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07740440 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07740440 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 07740440 d:ShareCapital 2023-12-31 07740440 d:ShareCapital 2022-12-31 07740440 d:RetainedEarningsAccumulatedLosses 2023-12-31 07740440 d:RetainedEarningsAccumulatedLosses 2022-12-31 07740440 c:FRS102 2023-01-01 2023-12-31 07740440 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07740440 c:FullAccounts 2023-01-01 2023-12-31 07740440 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07740440 6 2023-01-01 2023-12-31 07740440 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 07740440








 
CARTONA PARK ESTATES LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023







Fletcher & Partners
Chartered Accountants
Salisbury

 
CARTONA PARK ESTATES LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CARTONA PARK ESTATES LTD
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cartona Park Estates Ltd for the year ended 31 December 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Cartona Park Estates Ltd, as a body, in accordance with the terms of our engagement letter dated 13 July 2012Our work has been undertaken solely to prepare for your approval the financial statements of Cartona Park Estates Ltd and state those matters that we have agreed to state to the Board of directors of Cartona Park Estates Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cartona Park Estates Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Cartona Park Estates Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cartona Park Estates Ltd. You consider that Cartona Park Estates Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Cartona Park Estates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Fletcher & Partners
 
Chartered Accountants
  
Crown Chambers
Bridge Street
Salisbury
Wiltshire
SP1 2LZ
25 September 2024
Page 1

 
CARTONA PARK ESTATES LTD
REGISTERED NUMBER: 07740440

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
                                                                      Note
£
£

Fixed assets
  

Investments
 4 
33,539
43,870

Investment property
 5 
125,000
125,000

  
158,539
168,870

Current assets
  

Cash at bank and in hand
 6 
1,453
3,406

  
1,453
3,406

Creditors: amounts falling due within one year
 7 
(67,465)
(69,564)

Net current liabilities
  
 
 
(66,012)
 
 
(66,158)

Total assets less current liabilities
  
92,527
102,712

Creditors: amounts falling due after more than one year
 8 
(81,218)
(83,996)

  

Net assets
  
11,309
18,716


Capital and reserves
  

Called up share capital 
  
60
60

Profit and loss account
  
11,249
18,656

  
11,309
18,716


The directors consider 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 directors acknowledge their 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 by: 


R Francis
Director

Date: 25 September 2024
Page 2

 
CARTONA PARK ESTATES LTD
REGISTERED NUMBER: 07740440

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
CARTONA PARK ESTATES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Cartona Park Estates Limited is a private company limited by shares, incorporated in England and Wales, registered number 07740440. Its registered office is 6 Green Lane Close, Ford, Salisbury SP4 6DQ.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue comprises rents receivable and is recognised when the rents fall due.

 
2.3

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.4

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Creditors

Short term creditors are measured at the transaction price. 

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

 
CARTONA PARK ESTATES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 January 2023
43,870


Additions
2,500


Disposals
(4,774)


Revaluations
(8,057)



At 31 December 2023
33,539





5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
125,000



At 31 December 2023
125,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.







6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,453
3,406


Page 5

 
CARTONA PARK ESTATES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
3,004
2,904

Corporation tax
99
604

Other creditors
61,640
61,640

Accruals and deferred income
2,722
4,416

67,465
69,564


The following liabilities were secured:

2023
2022
£
£



Other loans
3,004
2,904

Details of security provided:

Property at 14 Kingsway House, Wilton.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
81,218
83,996


The following liabilities were secured:

2023
2022
£
£



Other loans
81,218
83,996

Details of security provided:

Property at 14 Kingsway House, Wilton.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2023
2022
£
£


Repayable by instalments
70,486
72,938

The original mortgage was a loan of 25 years with interest rate fixed for 24 months at 2.79%, followed by a variable rate of 4.75% above the Bank of England Base Rate. This was renegotiated in year and a 5 year fixed term loan at 3.39% agreed, followed by a variable rate 5.24% over the Base Rate.

Page 6

 
CARTONA PARK ESTATES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Profit and loss account

Non-distributable
Distributable
Total
2022
Total
2021
        £
        £
        £
        £

At 1 January 2022

13,715

15,890

29,605
 
22,753
 
Operating profit

-

4,226

4,226
 
3,365
 
Income from fixed asset investments

-

264

264
 
1,182
 
Profit/(loss) on disposal of investments

-

(150)

(150)
 
4,484
 
Interest receivable

-

-

-
 
-
 
Interest payable

-

(3,507)

(3,507)
 
(2,538)
 
Fair value gains and losses

(12,285)

-

(12,285)
 
1,814
 
Taxation

1,107

(604)

(158)
 
(1,455)
 
At 31 December 2022

2,537

16,119

17,995
 
29,605
 


10.


Related party transactions

The directors provide finance to the company via interest free loans that are repayable on demand. Amounts owed to the directors at 31 December 2023 were £60,940 (2022 £60,940).


Page 7