IRIS Accounts Production v24.3.0.553 03236680 Board of Directors 1.2.23 31.1.24 31.1.24 0 0 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032366802023-01-31032366802024-01-31032366802023-02-012024-01-31032366802022-01-31032366802022-02-012023-01-31032366802023-01-3103236680ns15:EnglandWales2023-02-012024-01-3103236680ns14:PoundSterling2023-02-012024-01-3103236680ns10:Director12023-02-012024-01-3103236680ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3103236680ns10:SmallEntities2023-02-012024-01-3103236680ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3103236680ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3103236680ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3103236680ns10:FullAccounts2023-02-012024-01-3103236680ns10:Director22023-02-012024-01-3103236680ns10:CompanySecretary12023-02-012024-01-3103236680ns10:RegisteredOffice2023-02-012024-01-3103236680ns5:CurrentFinancialInstruments2024-01-3103236680ns5:CurrentFinancialInstruments2023-01-3103236680ns5:Non-currentFinancialInstruments2024-01-3103236680ns5:Non-currentFinancialInstruments2023-01-3103236680ns5:ShareCapital2024-01-3103236680ns5:ShareCapital2023-01-3103236680ns5:FurtherSpecificReserve3ComponentTotalEquity2024-01-3103236680ns5:FurtherSpecificReserve3ComponentTotalEquity2023-01-3103236680ns5:RetainedEarningsAccumulatedLosses2024-01-3103236680ns5:RetainedEarningsAccumulatedLosses2023-01-3103236680ns5:PlantMachinery2023-02-012024-01-3103236680ns5:PlantMachinery2023-01-3103236680ns5:PlantMachinery2024-01-3103236680ns5:PlantMachinery2023-01-3103236680ns5:CostValuation2023-01-3103236680ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3103236680ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-31
REGISTERED NUMBER: 03236680 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Carlton Hill Properties Limited

Carlton Hill Properties Limited (Registered number: 03236680)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Carlton Hill Properties Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr J K Barker
Mrs C M Barker





SECRETARY: Mrs C M Barker





REGISTERED OFFICE: 29 Axwell Park Road
Blaydon on Tyne
Tyne and Wear
NE21 5PB





REGISTERED NUMBER: 03236680 (England and Wales)





ACCOUNTANTS: Evelyn Partners
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

Carlton Hill Properties Limited (Registered number: 03236680)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 27,956 40,860
Investments 6 166,000 166,000
Investment property 7 730,000 730,000
923,956 936,860

CURRENT ASSETS
Debtors 8 3,802 5,602
Cash at bank 35,437 9,763
39,239 15,365
CREDITORS
Amounts falling due within one year 9 (55,842 ) (45,856 )
NET CURRENT LIABILITIES (16,603 ) (30,491 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

907,353

906,369

CREDITORS
Amounts falling due after more than one
year

10

(174,858

)

(208,321

)

PROVISIONS FOR LIABILITIES (33,252 ) (35,341 )
NET ASSETS 699,243 662,707

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 314,717 314,717
Profit and loss account 384,524 347,988
SHAREHOLDERS' FUNDS 699,243 662,707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:





Mr J K Barker - Director


Carlton Hill Properties Limited (Registered number: 03236680)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Carlton Hill Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain assets measured at fair value.

Turnover
The company is a property investment company. Turnover represents rents receivable in the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Investments
Other investments relate to an investment in redeemable preference shares and are included in the company's balance sheet at cost less impairment. Dividend income is recognised in the profit and loss account, when the right to receive payment is established.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Investment property
Investment property is included at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account along with the associated deferred tax.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.


Carlton Hill Properties Limited (Registered number: 03236680)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. ACCOUNTING POLICIES - continued
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 58,066
Additions 1,098
At 31 January 2024 59,164
DEPRECIATION
At 1 February 2023 17,206
Charge for year 14,002
At 31 January 2024 31,208
NET BOOK VALUE
At 31 January 2024 27,956
At 31 January 2023 40,860

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023
and 31 January 2024 166,000
NET BOOK VALUE
At 31 January 2024 166,000
At 31 January 2023 166,000

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 730,000
NET BOOK VALUE
At 31 January 2024 730,000
At 31 January 2023 730,000

Carlton Hill Properties Limited (Registered number: 03236680)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. INVESTMENT PROPERTY - continued

The fair value of the property at 31 January 2024 has been arrived at on the basis of a valuation carried out by the director who is not a professionally qualified valuer. The valuation, was arrived at by reference to market evidence of transaction prices for similar properties in their location.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,802 5,602

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 11,341 1,445
Other creditors 44,501 44,411
55,842 45,856

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 174,858 208,321