Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10723742 R Cliffe R Cliffe true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10723742 2023-04-30 10723742 2024-04-30 10723742 2023-05-01 2024-04-30 10723742 frs-core:CurrentFinancialInstruments 2024-04-30 10723742 frs-core:Non-currentFinancialInstruments 2024-04-30 10723742 frs-core:BetweenOneFiveYears 2024-04-30 10723742 frs-core:ComputerEquipment 2024-04-30 10723742 frs-core:ComputerEquipment 2023-05-01 2024-04-30 10723742 frs-core:ComputerEquipment 2023-04-30 10723742 frs-core:MotorVehicles 2024-04-30 10723742 frs-core:MotorVehicles 2023-05-01 2024-04-30 10723742 frs-core:MotorVehicles 2023-04-30 10723742 frs-core:PlantMachinery 2024-04-30 10723742 frs-core:PlantMachinery 2023-05-01 2024-04-30 10723742 frs-core:PlantMachinery 2023-04-30 10723742 frs-core:WithinOneYear 2024-04-30 10723742 frs-core:ShareCapital 2024-04-30 10723742 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10723742 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10723742 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10723742 frs-bus:SmallEntities 2023-05-01 2024-04-30 10723742 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10723742 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10723742 1 2023-05-01 2024-04-30 10723742 frs-bus:Director1 2023-05-01 2024-04-30 10723742 frs-countries:EnglandWales 2023-05-01 2024-04-30 10723742 2022-04-30 10723742 2023-04-30 10723742 2022-05-01 2023-04-30 10723742 frs-core:CurrentFinancialInstruments 2023-04-30 10723742 frs-core:Non-currentFinancialInstruments 2023-04-30 10723742 frs-core:BetweenOneFiveYears 2023-04-30 10723742 frs-core:WithinOneYear 2023-04-30 10723742 frs-core:ShareCapital 2023-04-30 10723742 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10723742
Carlton Business Centre Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10723742
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 57,981 111,316
Investment Properties 5 1,037,340 1,037,340
1,095,321 1,148,656
CURRENT ASSETS
Debtors 6 14,690 14,700
Cash at bank and in hand 15,927 91,266
30,617 105,966
Creditors: Amounts Falling Due Within One Year 7 (80,949 ) (62,671 )
NET CURRENT ASSETS (LIABILITIES) (50,332 ) 43,295
TOTAL ASSETS LESS CURRENT LIABILITIES 1,044,989 1,191,951
Creditors: Amounts Falling Due After More Than One Year 8 (834,467 ) (1,014,366 )
NET ASSETS 210,522 177,585
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 210,422 177,485
SHAREHOLDERS' FUNDS 210,522 177,585
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
R Cliffe
Director
30th September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Carlton Business Centre Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10723742 . The registered office is 5a The Carlton Business Centre Station Road, Carlton, Nottingham, NG4 3AA.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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 25% on reducing balance
Motor Vehicles 10% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Taxation
Income tax expense represents tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 - 147,665 8,403 156,068
Additions 1,774 - 1,082 2,856
Disposals - (85,215 ) - (85,215 )
As at 30 April 2024 1,774 62,450 9,485 73,709
Depreciation
As at 1 May 2023 - 40,245 4,507 44,752
Provided during the period 222 5,830 1,007 7,059
Disposals - (36,083 ) - (36,083 )
As at 30 April 2024 222 9,992 5,514 15,728
Net Book Value
As at 30 April 2024 1,552 52,458 3,971 57,981
As at 1 May 2023 - 107,420 3,896 111,316
5. Investment Property
2024
£
Fair Value
As at 1 May 2023 and 30 April 2024 1,037,340
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 14,690 14,600
Other debtors - 100
14,690 14,700
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,999 10,017
Bank loans and overdrafts 38,659 31,739
Other creditors 35,291 20,915
80,949 62,671
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 38,370 40,591
Bank loans 300,834 346,412
Other creditors 6,000 3,185
Directors loan account 489,263 624,178
834,467 1,014,366
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,999 10,017
Later than one year and not later than five years 38,370 40,591
45,369 50,608
45,369 50,608
10. Related Party Transactions
During the year the company paid management charges to its parent company, NG Offices Ltd, totalling £36,250 (2023: £32,708).
During the previous year fellow subsidiary company, Bestwood Village Clocktower Limited, repaid outstanding loans of £87,000. The amount owed to the company at year end was £nil (2023: £nil).
At the year end £15,000 (2023: £nil) was owed to NG Offices Ltd.
The amount owed by the company to R Cliffe at the year end is £489,262.93 (2023: £624,178).
11. Ultimate Controlling Party
The immediate and ultimate parent company is NG Offices Limited, a company registered in England and Wales, NG Offices Limited is controlled by R Cliffe.
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