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REGISTERED NUMBER: 11970904 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

CARTERMAN PROPERTY INVESTMENTS LTD

CARTERMAN PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11970904)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARTERMAN PROPERTY INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: S Alderman
S J Carter





REGISTERED OFFICE: The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG





REGISTERED NUMBER: 11970904 (England and Wales)





ACCOUNTANTS: LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG

CARTERMAN PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11970904)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41 82

CURRENT ASSETS
Stocks - 6,000
Debtors 5 4,029 48,413
Cash at bank 837 12,817
4,866 67,230
CREDITORS
Amounts falling due within one year 6 139,098 57,460
NET CURRENT (LIABILITIES)/ASSETS (134,232 ) 9,770
TOTAL ASSETS LESS CURRENT
LIABILITIES

(134,191

)

9,852

CREDITORS
Amounts falling due after more than one
year

7

23,717

156,769
NET LIABILITIES (157,908 ) (146,917 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (158,008 ) (147,017 )
SHAREHOLDERS' FUNDS (157,908 ) (146,917 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CARTERMAN PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11970904)

BALANCE SHEET - continued
30 APRIL 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 Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by:




S J Carter - Director



S Alderman - Director


CARTERMAN PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11970904)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Carterman Property Investments Ltd 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.

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 etc - 25% on 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

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

CARTERMAN PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11970904)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 5,165
DEPRECIATION
At 1 May 2023 5,083
Charge for year 41
At 30 April 2024 5,124
NET BOOK VALUE
At 30 April 2024 41
At 30 April 2023 82

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 4,029 48,413

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,668 4,668
Trade creditors 1,711 426
Amounts owed to group undertakings 31,884 471
Other creditors 100,835 51,895
139,098 57,460

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 23,717 28,385
Other creditors - 128,384
23,717 156,769

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,045 9,713

8. LEASING AGREEMENTS

The company entered into two leases for properties known as Manor Road and Park Road during the year. The properties are being sublet to the open public on a commercial basis.

CARTERMAN PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11970904)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. SECURED DEBTS

The Trustees of the Carterman Property Investments Ltd Pension Scheme Being Stephen John Carter, Stephen Alderman and Dcd Trustees Limited have fixed and floating charges on all the property or undertaking of the company.

Interbay Funding Limited have a legal charge over freehold interest in the land and property known as 17 Kimberley Road, Rugby, CV21 2SU, title number WK222062.

Lendinvest Security Trustees Limited have a legal charge over freehold interest in the land and property known as 44 Grosvenor Road, Rugby, CV21 3LB, title number WK261394.

Paragon Bank PLC have a legal charge over freehold interest in the land and property known as 11 Lodge Road, Rugby, CV21 2TF. Title number WK142275.

Paragon Bank PLC and Paragon Mortgages (2010) Limited also contains floating charge covering all the property or undertaking of the company.

Shawbrook Bank Limited have a legal charge over freehold property known as 15 Rowland Street, Rugby, Warwickshire, CV21 2BN, being all of the land and buildings in title WK20056, including all buildings, fixtures and fittings, the related rights and the goodwill.

10. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by Mr S Alderman and Mr S Carter.

11. GOING CONCERN

The accounts have been prepared on a going concern basis as in the opinion of the directors, the company will become profitable in future years. The directors intend to support the company for the foreseeable future.