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Company Registration No. 07960241 (England and Wales)
Class Carnet Ltd Unaudited accounts for the year ended 29 February 2024
Class Carnet Ltd Unaudited accounts Contents
Page
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Class Carnet Ltd Company Information for the year ended 29 February 2024
Directors
Dr Joseph P Silmon-Clyde Miaomiao Yu
Company Number
07960241 (England and Wales)
Registered Office
2 Carmarthen Place London Greater London SE1 3TS
Accountants
Solid Ltd Eagle House 163 City Road London EC1V 1NR
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Class Carnet Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
36,568 
21,681 
Investments
164,106 
137,757 
Cash at bank and in hand
1,999 
977 
202,673 
160,415 
Creditors: amounts falling due within one year
(117,212)
(103,432)
Net current assets
85,461 
56,983 
Net assets
85,461 
56,983 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
85,361 
56,883 
Shareholders' funds
85,461 
56,983 
For the year ending 29 February 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by
Dr Joseph P Silmon-Clyde Director Company Registration No. 07960241
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Class Carnet Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Class Carnet Ltd is a private company, limited by shares, registered in England and Wales, registration number 07960241. The registered office is 2 Carmarthen Place, London, Greater London, SE1 3TS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in shares are included at fair value.
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,954 
- 
Accrued income and prepayments
2,940 
- 
Other debtors
14,674 
21,681 
36,568 
21,681 
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Class Carnet Ltd Notes to the Accounts for the year ended 29 February 2024
5
Investments held as current assets
2024 
2023 
£ 
£ 
Listed investments
164,106 
137,757 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
17,725 
1,037 
Taxes and social security
18,367 
1,005 
Other creditors
97,180 
101,350 
Loans from directors
(16,060)
40 
117,212 
103,432 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Interest free loan
(40)
16,100 
- 
16,060 
(40)
16,100 
- 
16,060 
The loan was repaid in full within 9 months of the year end.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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