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REGISTERED NUMBER: 04711749 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Carhys Developments Limited

Carhys Developments Limited (Registered number: 04711749)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Carhys Developments Limited

Company Information
for the Year Ended 31 March 2024







Director: A Lewis





Secretary: Mrs K Lewis





Registered office: Yr Hen Felin
St Donats
Cowbridge
Vale of Glamorgan
CF61 1ZB





Registered number: 04711749 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
9 Court Road
Bridgend
CF31 1BE

Carhys Developments Limited (Registered number: 04711749)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 380 712
Investment property 5 500,000 500,000
500,380 500,712

Current assets
Debtors 6 44,007 32,387
Cash at bank 14,414 58,743
58,421 91,130
Creditors
Amounts falling due within one year 7 17,630 33,385
Net current assets 40,791 57,745
Total assets less current liabilities 541,171 558,457

Creditors
Amounts falling due after more than one
year

8

122,676

133,297
Net assets 418,495 425,160

Capital and reserves
Called up share capital 2 2
Retained earnings 418,493 425,158
Shareholders' funds 418,495 425,160

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

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

The director acknowledges his 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.

Carhys Developments Limited (Registered number: 04711749)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 November 2024 and were signed by:





A Lewis - Director


Carhys Developments Limited (Registered number: 04711749)

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

1. Statutory information

Carhys Developments 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.

2. Accounting policies

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

Carhys Developments Limited (Registered number: 04711749)

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

4. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 April 2023
and 31 March 2024 93 6,634 5,522 12,249
Depreciation
At 1 April 2023 73 6,284 5,180 11,537
Charge for year 4 70 258 332
At 31 March 2024 77 6,354 5,438 11,869
Net book value
At 31 March 2024 16 280 84 380
At 31 March 2023 20 350 342 712

5. Investment property
Total
£   
Fair value
At 1 April 2023
and 31 March 2024 500,000
Net book value
At 31 March 2024 500,000
At 31 March 2023 500,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 500,000

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 500,000
500,000

CLIENT SCREEN TOTAL = -


6. Debtors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Trade debtors 36,050 20,068
Other debtors 7,957 12,319
44,007 32,387

Carhys Developments Limited (Registered number: 04711749)

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

7. Creditors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,510 10,510
Trade creditors (2 ) (1 )
Taxation and social security 5,202 20,251
Other creditors 1,920 2,625
17,630 33,385

8. Creditors: amounts falling due after more than one year
31.3.24 31.3.23
£    £   
Bank loans 122,676 133,297

9. Secured debts

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 133,186 143,807

10. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
A Lewis
Balance outstanding at start of year 12,318 17,074
Amounts advanced 15,289 808
Amounts repaid (19,650 ) (5,564 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,957 12,318

The directors are owners of a property which is rented by the Company. The Company paid rent of £23,400 (£22,800-2023) during the financial year.

11. Ultimate controlling party

The ultimate controlling party is A Lewis.