Registered number
11790810
Carey Road Limited
Filleted Accounts
31 January 2024
Carey Road Limited
Registered number: 11790810
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 1,341,132 1,183,634
Current assets
Cash at bank and in hand 4,460 3,117
Creditors: amounts falling due within one year 5 (876,365) (875,931)
Net current liabilities (871,905) (872,814)
Total assets less current liabilities 469,227 310,820
Provisions for liabilities (83,123) (41,603)
Net assets 386,104 269,217
Capital and reserves
Called up share capital 125,953 125,953
Profit and loss account 260,151 143,264
Shareholders' funds 386,104 269,217
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T F Morgan
Director
Approved by the board on 30 April 2024
Carey Road Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 or 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Unlisted Listed
Investments Investments Total
£ £ £
Fair Value
At 1 February 2023 230,000 953,634 1,183,634
Additions - 265,000 265,000
Revaluation 7,000 159,145 166,145
Disposals (273,647) (273,647)
At 31 January 2024 237,000 1,104,132 1,341,132
4 Investments held as current assets 2024 2023
£ £
Fair value
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 159,145 (76,540)
Unlisted investments 7,000 24,000
166,145 (52,540)
5 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to directors 874,541 874,191
Other creditors 1,824 1,740
876,365 875,931
6 Controlling party
The company is controlled by Mr T F Morgan and Mrs A R Morgan
7 Other information
Carey Road Limited is a private company limited by shares and incorporated in England. Its registered office is:
3rd Floor 207 Regent Street
London
United Kingdom
W1B 3HH
Carey Road Limited 11790810 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts April 2024 T F Morgan No description of principal activity 11790810 2022-02-01 2023-01-31 11790810 core:WithinOneYear 2023-01-31 11790810 core:ShareCapital 2023-01-31 11790810 core:RetainedEarningsAccumulatedLosses 2023-01-31 11790810 2023-02-01 2024-01-31 11790810 bus:EntityHasNeverTraded 2023-02-01 2024-01-31 11790810 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11790810 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11790810 bus:Director40 2023-02-01 2024-01-31 11790810 1 2023-02-01 2024-01-31 11790810 2 2023-02-01 2024-01-31 11790810 countries:England 2023-02-01 2024-01-31 11790810 bus:FRS102 2023-02-01 2024-01-31 11790810 bus:FilletedAccounts 2023-02-01 2024-01-31 11790810 2024-01-31 11790810 core:WithinOneYear 2024-01-31 11790810 core:ShareCapital 2024-01-31 11790810 core:RetainedEarningsAccumulatedLosses 2024-01-31 11790810 core:AdditionsToInvestments 2024-01-31 11790810 core:RevaluationsIncreaseDecreaseInInvestments 2024-01-31 11790810 core:DisposalsRepaymentsInvestments 2024-01-31 11790810 2023-01-31 iso4217:GBP xbrli:pure