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REGISTERED NUMBER: 12089221 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

CARLFORD DEVELOPMENTS LIMITED

CARLFORD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12089221)






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


CARLFORD DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: P G Lyons
M C Tynan





REGISTERED OFFICE: 107 Bell Street
London
NW1 6TL





REGISTERED NUMBER: 12089221 (England and Wales)





ACCOUNTANTS: AEL Markhams
Incorporating Butters Gates & Company
Chartered Accountants
107 Bell Street
London
NW1 6TL

CARLFORD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12089221)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 15,110,000 15,110,000

CURRENT ASSETS
Debtors 5 712,928 802,503
Cash at bank 96,631 171,283
809,559 973,786
CREDITORS
Amounts falling due within one year 6 13,642,887 13,481,797
NET CURRENT LIABILITIES (12,833,328 ) (12,508,011 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,276,672

2,601,989

PROVISIONS FOR LIABILITIES 602,201 602,201
NET ASSETS 1,674,471 1,999,788

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,674,371 1,999,688
1,674,471 1,999,788

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.

CARLFORD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12089221)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





M C Tynan - Director


CARLFORD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12089221)

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

1. STATUTORY INFORMATION

Carlford 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.

Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

CARLFORD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12089221)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 15,110,000
NET BOOK VALUE
At 30 April 2024 15,110,000
At 30 April 2023 15,110,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2023 2,510,000
Cost 12,600,000
15,110,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 71,156 94,086
Other debtors 409,967 697,050
Tax 223,658 2,042
Prepayments 8,147 9,325
712,928 802,503

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other loans 10,801,206 10,595,652
Trade creditors 51,985 318,684
Amounts owed to participating interests - 1,006,205
Tax - 336,120
VAT 50,594 31,241
Other creditors 91,207 145,890
Directors' current accounts 2,491,850 -
Accrued expenses 156,045 1,048,005
13,642,887 13,481,797

7. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Other loans 10,801,206 10,595,652