Registration number:
Carrs Court Limited
for the Year Ended 31 March 2024
Carrs Court Limited
Contents
Company Information |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Carrs Court Limited
Company Information
Directors |
Mrs C W Armstrong Mr C Brown Mrs O Connor Mr M Dukes Mrs V A A Rogerson |
Company secretary |
Retirement Security Limited |
Registered office |
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Auditors |
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Carrs Court Limited
(Registration number: 03047546)
Balance Sheet as at 31 March 2024
Note |
2024 |
2023 |
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Fixed assets |
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Other financial assets |
17,106 |
16,459 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Shareholders' funds |
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These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income & Expenditure.
Approved and authorised by the
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Carrs Court Limited
Statement of Changes in Equity for the Year Ended 31 March 2024
Share capital |
Retained earnings |
Total |
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At 1 April 2023 |
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- |
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Profit for the year |
- |
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Transfer to Fund for Future Maintenance |
- |
(89,002) |
(89,002) |
At 31 March 2024 |
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- |
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Share capital |
Retained earnings |
Total |
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At 1 April 2022 |
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- |
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Profit for the year |
- |
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Transfer to Fund for Future Maintenance |
- |
(72,331) |
(72,331) |
At 31 March 2023 |
47 |
- |
47 |
Carrs Court Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
Church Street
Wilmslow
Cheshire
SK9 1AW
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentation currency is £ sterling.
Going concern
The financial statements have been prepared on a going concern basis.
Carrs Court Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
Audit report
Revenue recognition
Turnover comprises amounts receivable in respect of services provided. Income is recognised in the period when the service is provided. The resulting surplus for the year must agree to the Fund for Future Maintenance contribution budget, as set by an external surveyor and agreed with the Board. This is then transferred to the Fund for Future Maintenance. Any additional surplus over the contribution budget will be due back to the owners and any deficit under the contribution budget must be made good by the owners in line with the lease. These are recognised in the period they relate to.
Tax
The tax expense for the period comprises current tax. Tax is recognised in the Income & Expenditure account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investments
Listed investments in shares are included at market value. Unlisted investments in shares are included at cost less impairment. Dividends received are included in the Income & Expenditure Account as received.
Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell.
Leases
Rentals payable under operating leases are charged to the Income & Expenditure Account on a straight line basis over the term of the lease.
Employee benefits
Short-term employee benefits, including holiday pay, are recognised as an expense in the Income & Expenditure Account in the period in which they are incurred.
The company operates a defined benefits contribution scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension costs charge represents contribuions payable for the period by the company to the fund.
Carrs Court Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
Financial instruments
Classification
Recognition and measurement
Fund for future maintenance
The company has an obligation to the owners to set aside such sums of money as the Company shall reasonably require to meet such future costs as it shall reasonably expect to incur in replacing, maintaining and renewing those items which it has covenanted to replace, maintain or renew as required by the lease agreement in place with the owners. The result of income over expenditure in the period is transferred to the fund for future maintenance for these future costs to be expended from.
Staff numbers |
The average number of persons employed by the company during the year, was
Carrs Court Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
Other financial assets (current and non-current) |
Financial assets |
Total |
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Non-current financial assets |
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Valuation |
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At 1 April 2023 |
16,459 |
16,459 |
Revaluations |
647 |
647 |
At 31 March 2024 |
17,106 |
17,106 |
Carrying amount |
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At 31 March 2024 |
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17,106 |
At 31 March 2023 |
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16,459 |
Stocks |
2024 |
2023 |
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Stock |
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Debtors |
Current |
2024 |
2023 |
Trade debtors |
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Prepayments |
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Other debtors |
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Carrs Court Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
14,323 |
19,428 |
Surplus account |
10,474 |
- |
Fund for Future Maintenance |
286,054 |
277,452 |
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Fund for Future Maintenance
2024 |
2023 |
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Opening balance |
277,452 |
245,840 |
Transfer of prior year deficit |
(1,910) |
- |
Surplus |
89,002 |
72,331 |
Expenditure |
(78,490) |
(44,149) |
Income |
- |
3,430 |
286,054 |
277,452 |
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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47 |
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47 |