CARSON PROPERTY LTD

Company Registration Number:
11969171 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

CARSON PROPERTY LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

CARSON PROPERTY LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 79,035 5,256
Investments: 4 890,000 627,484
Total fixed assets: 969,035 632,740
Current assets
Debtors: 5 18,230 275
Cash at bank and in hand: 9,943 160,696
Total current assets: 28,173 160,971
Creditors: amounts falling due within one year: 6 (26,780) (53,093)
Net current assets (liabilities): 1,393 107,878
Total assets less current liabilities: 970,428 740,618
Creditors: amounts falling due after more than one year: 7 (565,456) (430,693)
Provision for liabilities: (92,963) (35,322)
Total net assets (liabilities): 312,009 274,603
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:8287,561178,988
Profit and loss account: 24,348 95,515
Shareholders funds: 312,009 274,603

The notes form part of these financial statements

CARSON PROPERTY LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 May 2024
and signed on behalf of the board by:

Name: Mr S Carson
Status: Director

The notes form part of these financial statements

CARSON PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.

Tangible fixed assets and depreciation policy

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Motor vehicles 25% Reducing balance Furniture and fittings 20% Straight line

Valuation and information policy

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Other accounting policies

Deferred Tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date

CARSON PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

CARSON PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 9,034
Additions 81,591
At 31 March 2024 90,625
Depreciation
At 01 April 2023 3,778
Charge for year 7,812
At 31 March 2024 11,590
Net book value
At 31 March 2024 79,035
At 31 March 2023 5,256

CARSON PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Fixed investments

Investment property Fair value: At 1 April 2023 £627,484 Additions £160,000 Fair value adjustments £102,516 At March 2024 £890,000 Net book value: At 31 March 2024 £890,000 At 31 March 2023 £627,484

CARSON PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

Other debtors £18,230 (2023: £275)

CARSON PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

Bank loans and overdraft - secured £13,350 (2023: £13,350) Bank loans and overdraft £2,088 (2023: £2,088) Taxation and social security £nil (2023: £33,490) Other creditors £11,342 (2023: £4,165)

CARSON PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Creditors: amounts falling due after more than one year note

Bank loans and overdraft - secured £487,681 (2023: £416,913) Bank loans and overdraft £4,496 (2023:£5,940) Amounts owed to group undertakings and undertaking in which the company has a participating interest £10,345 (2023: £7,840) Other creditors £62,934 (2023: £nil)

CARSON PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

8. Revaluation reserve

2024
£
Balance at 01 April 2023 178,988
Surplus or deficit after revaluation 108,573
Balance at 31 March 2024 287,561