Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312false22023-04-01No description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09969355 2023-04-01 2024-03-31 09969355 2022-04-01 2023-03-31 09969355 2024-03-31 09969355 2023-03-31 09969355 c:Director1 2023-04-01 2024-03-31 09969355 d:FreeholdInvestmentProperty 2024-03-31 09969355 d:FreeholdInvestmentProperty 2023-03-31 09969355 d:CurrentFinancialInstruments 2024-03-31 09969355 d:CurrentFinancialInstruments 2023-03-31 09969355 d:Non-currentFinancialInstruments 2024-03-31 09969355 d:Non-currentFinancialInstruments 2023-03-31 09969355 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09969355 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09969355 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09969355 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09969355 d:ShareCapital 2024-03-31 09969355 d:ShareCapital 2023-03-31 09969355 d:RetainedEarningsAccumulatedLosses 2024-03-31 09969355 d:RetainedEarningsAccumulatedLosses 2023-03-31 09969355 c:FRS102 2023-04-01 2024-03-31 09969355 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09969355 c:FullAccounts 2023-04-01 2024-03-31 09969355 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09969355 d:OtherDeferredTax 2024-03-31 09969355 d:OtherDeferredTax 2023-03-31 09969355 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09969355










CARROWMORE INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
CARROWMORE INVESTMENTS LIMITED
REGISTERED NUMBER: 09969355

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Investment property
 4 
1,095,000
1,095,000

Current assets
  

Debtors: amounts falling due within one year
 5 
-
118

Cash at bank and in hand
 6 
10,658
7,046

  
10,658
7,164

Creditors: amounts falling due within one year
 7 
(9,345)
(8,299)

Net current assets/(liabilities)
  
 
 
1,313
 
 
(1,135)

Total assets less current liabilities
  
1,096,313
1,093,865

Creditors: amounts falling due after more than one year
 8 
(507,026)
(531,626)

Provisions for liabilities
  

Deferred tax
 9 
(108,019)
(108,019)

Net assets
  
481,268
454,220


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
481,068
454,020

  
481,268
454,220


Page 1

 
CARROWMORE INVESTMENTS LIMITED
REGISTERED NUMBER: 09969355
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 income and retained earnings 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: 




................................................
Melvyn Richard John Parrott
Director

Date: 18 November 2024


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CARROWMORE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Carrowmore Investments Limited is a private limited company incorporated in England.
The Company's registered office is Moorgate House, 201 Silbry Boulevard, Milton Keynes, MK9 1LZ.

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

Turnover

The turnover shown in the Statement of Income and Retained Earning represents amounts due in respect of rental income.

 
2.3

Going concern

The Company has received assurance from the Directors that the directors loan account will not be repaid until the Company can afford to do so, so the Company can continue to meet its debts as they fall due. The financial statements have therefore been prepared on a going concern basis. 

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP rounded to the nearest £1.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
CARROWMORE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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 profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
CARROWMORE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

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 debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
1,095,000



At 31 March 2024
1,095,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.




Page 5

 
CARROWMORE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Prepayments and accrued income
-
118



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
10,658
7,046



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
6,345
5,299

Accruals and deferred income
3,000
3,000

9,345
8,299



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
507,026
531,626


Page 6

 
CARROWMORE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Deferred taxation




2024


£






At beginning of year
(108,019)



At end of year
(108,019)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Unrealsed gain on investment properties
108,019
108,019


10.


Related party transactions

The Directors have a joint directors loan accounts with the Company and at 31 March 2024 were owed £507,026 (2023: £531,626). 

 
Page 7