Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue2023-06-01No description of principal activity11truefalse 13421311 2023-06-01 2024-05-31 13421311 2022-06-01 2023-05-31 13421311 2024-05-31 13421311 2023-05-31 13421311 c:Director1 2023-06-01 2024-05-31 13421311 d:OfficeEquipment 2023-06-01 2024-05-31 13421311 d:OfficeEquipment 2024-05-31 13421311 d:OfficeEquipment 2023-05-31 13421311 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 13421311 d:FreeholdInvestmentProperty 2024-05-31 13421311 d:FreeholdInvestmentProperty 2023-05-31 13421311 d:CurrentFinancialInstruments 2024-05-31 13421311 d:CurrentFinancialInstruments 2023-05-31 13421311 d:Non-currentFinancialInstruments 2024-05-31 13421311 d:Non-currentFinancialInstruments 2023-05-31 13421311 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 13421311 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 13421311 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 13421311 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 13421311 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 13421311 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 13421311 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-05-31 13421311 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-05-31 13421311 d:ShareCapital 2024-05-31 13421311 d:ShareCapital 2023-05-31 13421311 d:RetainedEarningsAccumulatedLosses 2024-05-31 13421311 d:RetainedEarningsAccumulatedLosses 2023-05-31 13421311 c:FRS102 2023-06-01 2024-05-31 13421311 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 13421311 c:FullAccounts 2023-06-01 2024-05-31 13421311 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13421311 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 13421311










CARLTON ARMITAGE PROPERTY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
CARLTON ARMITAGE PROPERTY LIMITED
REGISTERED NUMBER: 13421311

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
304
-

Investment property
 5 
664,390
664,390

  
664,694
664,390

Current assets
  

Debtors: amounts falling due within one year
 6 
4,575
7,751

Cash at bank and in hand
 7 
41,620
54,648

  
46,195
62,399

Creditors: amounts falling due within one year
 8 
(359,452)
(422,005)

Net current liabilities
  
 
 
(313,257)
 
 
(359,606)

Total assets less current liabilities
  
351,437
304,784

Creditors: amounts falling due after more than one year
 9 
(242,728)
(259,435)

  

Net assets
  
108,709
45,349


Capital and reserves
  

Called up share capital 
  
20
20

Profit and loss account
  
108,689
45,329

  
108,709
45,349


Page 1

 
CARLTON ARMITAGE PROPERTY LIMITED
REGISTERED NUMBER: 13421311

BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 February 2025.




P D Watt
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CARLTON ARMITAGE PROPERTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
1.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
CARLTON ARMITAGE PROPERTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.Accounting policies (continued)

 
1.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
1.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
1.8

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of income and retained earnings.

 
1.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
CARLTON ARMITAGE PROPERTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.Accounting policies (continued)

 
1.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


General information

Carlton Armitage Property Limited is a private limited company incorporated in England and Wales.
The company's registered office is 601 London Road, Westcliff on Sea, Essex, SS0 9PE.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
310



At 31 May 2024

310



Depreciation


Charge for the year on owned assets
6



At 31 May 2024

6



Net book value



At 31 May 2024
304



At 31 May 2023
-

Page 5

 
CARLTON ARMITAGE PROPERTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 June 2023
664,390



At 31 May 2024
664,390

The 2024 valuations were made by the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
664,390
664,390

664,390
664,390

Page 6

 
CARLTON ARMITAGE PROPERTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
-
2,150

Prepayments and accrued income
4,575
5,601

4,575
7,751



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
41,620
54,648

41,620
54,648



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
16,668
16,032

Trade creditors
2,888
1,453

Corporation tax
17,768
10,789

Other creditors
322,128
393,731

359,452
422,005


The following liabilities were secured:

2024
2023
£
£



Bank loans
16,668
16,032

16,668
16,032

Details of security provided:

The bank loan is secured by a first Mortgage Deed over land owned by the director and over the investment property owned by this company.

Page 7

 
CARLTON ARMITAGE PROPERTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
242,728
259,435

242,728
259,435


The following liabilities were secured:

2024
2023
£
£



Bank loans
242,728
259,435

242,728
259,435

Details of security provided:

The bank loan is secured by a first Mortgage Deed over land owned by the director and over the investment property owned by this company.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2024
2023
£
£


Repayable by instalments
169,187
188,702

169,187
188,702

The bank loans are repayable by monthly instalments over 15 years. Interest on the loans is charged on a fixed rate basis at 3.89%.

Page 8

 
CARLTON ARMITAGE PROPERTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
16,668
16,032


Amounts falling due 2-5 years

Bank loans
73,541
70,733

Amounts falling due after more than 5 years

Bank loans
169,187
188,702

259,396
275,467



Page 9