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REGISTERED NUMBER: 07798014 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st October 2024

for

Carvon Ltd

Carvon Ltd (Registered number: 07798014)

Contents of the Financial Statements
for the Year Ended 31st October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Carvon Ltd

Company Information
for the Year Ended 31st October 2024







DIRECTORS: Dr M M Carstens
M L Carstens





REGISTERED OFFICE: 29 High Street
Blue Town
SHEERNESS
Kent
ME12 1RN





REGISTERED NUMBER: 07798014 (England and Wales)





ACCOUNTANTS: Blain Pritchard
Chartered Certified Accountants
29 High Street
Blue Town
SHEERNESS
Kent
ME12 1RN

Carvon Ltd (Registered number: 07798014)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 868,048 561,532

CURRENT ASSETS
Debtors 5 - 5,558
Cash at bank 20,621 4,150
20,621 9,708
CREDITORS
Amounts falling due within one year 6 687,861 399,806
NET CURRENT LIABILITIES (667,240 ) (390,098 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,808

171,434

PROVISIONS FOR LIABILITIES 7,682 4,832
NET ASSETS 193,126 166,602

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 7 32,752 20,602
Retained earnings 160,174 145,800
SHAREHOLDERS' FUNDS 193,126 166,602

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

Carvon Ltd (Registered number: 07798014)

Balance Sheet - continued
31st October 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 Board of Directors and authorised for issue on 12th January 2025 and were signed on its behalf by:




Dr M M Carstens - Director



M L Carstens - Director


Carvon Ltd (Registered number: 07798014)

Notes to the Financial Statements
for the Year Ended 31st October 2024


1. STATUTORY INFORMATION

Carvon 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent receivable.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2023 561,532
Additions 291,516
Revaluations 15,000
At 31st October 2024 868,048
NET BOOK VALUE
At 31st October 2024 868,048
At 31st October 2023 561,532

Fair value at 31st October 2024 is represented by:
£   
Valuation in 2021 20,434
Valuation in 2022 5,000
Valuation in 2024 15,000
Cost 827,614
868,048

Carvon Ltd (Registered number: 07798014)

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


4. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 827,614 536,098
Aggregate depreciation (37,256 ) (20,704 )

The investment properties were valued on an open market basis on 31st October 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 5,558

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,910 1,582
Other creditors 683,951 398,224
687,861 399,806

7. RESERVES
Fair
value
reserve
£   
At 1st November 2023 20,602
Investment property 15,000
Deferred tax (2,850 )

At 31st October 2024 32,752

8. RELATED PARTY DISCLOSURES

Included in creditors due within 1 year is an amount owed to the company directors of £682,901 by way of a loan account, the amount is repayable on demand.