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REGISTERED NUMBER: 03228238 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Carnbrea Properties Limited

Carnbrea Properties Limited (Registered number: 03228238)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Carnbrea Properties Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mrs D L Vaughan





SECRETARY: A Vaughan





REGISTERED OFFICE: 3 Lady Bank
Tamworth
Staffordshire
B79 7NB





REGISTERED NUMBER: 03228238 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Carnbrea Properties Limited (Registered number: 03228238)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 484 570
Investments 5 4 4
Investment property 6 770,000 770,000
770,488 770,574

CURRENT ASSETS
Debtors 7 136,006 147,219
Cash at bank 18,973 20,339
154,979 167,558
CREDITORS
Amounts falling due within one year 8 (25,506 ) (22,337 )
NET CURRENT ASSETS 129,473 145,221
TOTAL ASSETS LESS CURRENT
LIABILITIES

899,961

915,795

CREDITORS
Amounts falling due after more than one
year

9

(130,893

)

(145,915

)

PROVISIONS FOR LIABILITIES (68,350 ) (68,366 )
NET ASSETS 700,718 701,514

CAPITAL AND RESERVES
Called up share capital 11 2 2
Fair value reserve 12 89,421 89,421
Retained earnings 611,295 612,091
SHAREHOLDERS' FUNDS 700,718 701,514

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

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

The director acknowledges her 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.

Carnbrea Properties Limited (Registered number: 03228238)

Balance Sheet - continued
31 July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





Mrs D L Vaughan - Director


Carnbrea Properties Limited (Registered number: 03228238)

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

1. STATUTORY INFORMATION

Carnbrea Properties 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.

Preparation of consolidated financial statements
The financial statements contain information about Carnbrea Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Fixtures and fittings - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Profit and Loss Account, 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.

Carnbrea Properties Limited (Registered number: 03228238)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2023
and 31 July 2024 790
DEPRECIATION
At 1 August 2023 220
Charge for year 86
At 31 July 2024 306
NET BOOK VALUE
At 31 July 2024 484
At 31 July 2023 570

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 4
NET BOOK VALUE
At 31 July 2024 4
At 31 July 2023 4

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 770,000
NET BOOK VALUE
At 31 July 2024 770,000
At 31 July 2023 770,000

Carnbrea Properties Limited (Registered number: 03228238)

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

6. INVESTMENT PROPERTY - continued

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2017 201,572
Valuation in 2022 157,679
Cost 410,749
770,000

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 19,487 9,410
Amounts owed by participating interests - 11,711
Other debtors 11,097 10,802
30,584 31,923

Amounts falling due after more than one year:
Other debtors 105,422 115,296

Aggregate amounts 136,006 147,219

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,957 11,320
Taxation and social security 8,854 6,927
Other creditors 4,695 4,090
25,506 22,337

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 130,893 145,915

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 77,533 95,397

Carnbrea Properties Limited (Registered number: 03228238)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 142,850 157,235

Legal charge over the company's investment properties.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

12. RESERVES
Fair
value
reserve
£   
At 1 August 2023
and 31 July 2024 89,421

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Carnbrea Properties Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Carnbrea Properties Limited for the year ended 31 July 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Carnbrea Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Carnbrea Properties Limited and state those matters that we have agreed to state to the director of Carnbrea Properties Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Carnbrea Properties Limited and its director for our work or for this report.

It is your duty to ensure that Carnbrea Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Carnbrea Properties Limited. You consider that Carnbrea Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Carnbrea Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


31 October 2024