REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 August 2024 |
for |
CAREFREE TRADING LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 August 2024 |
for |
CAREFREE TRADING LIMITED |
CAREFREE TRADING LIMITED (REGISTERED NUMBER: 04522590) |
Contents of the Financial Statements |
for the Year Ended 31 August 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
CAREFREE TRADING LIMITED |
Company Information |
for the Year Ended 31 August 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
159 High Street |
Barnet |
Hertfordshire |
EN5 5SU |
CAREFREE TRADING LIMITED (REGISTERED NUMBER: 04522590) |
Balance Sheet |
31 August 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Non-distributable reserves | 9 |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
CAREFREE TRADING LIMITED (REGISTERED NUMBER: 04522590) |
Notes to the Financial Statements |
for the Year Ended 31 August 2024 |
1. | STATUTORY INFORMATION |
Carefree Trading Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rents receivable in the year. |
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 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 September 2023 |
and 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
Fair value at 31 August 2024 is represented by: |
£ |
Valuation in 2004 | 15,848 |
Valuation in 2005 | 15,000 |
Valuation in 2006 | 10,000 |
Valuation in 2011 | (40,848 | ) |
Valuation in 2015 | 5,848 |
Valuation in 2020 | 15,000 |
Valuation in 2021 | 20,000 |
Cost | 204,152 |
245,000 |
CAREFREE TRADING LIMITED (REGISTERED NUMBER: 04522590) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 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 | 204,152 | 204,152 |
Aggregate depreciation | (132,699 | ) | (132,699 | ) |
The Directors are of the opinion that the value of these properties, at the balance sheet date, were not materially different to the August 2021 valuations. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 600 | 600 |
9. | RESERVES |
Retained | Non-distributable |
earnings | reserves | Totals |
£ | £ | £ |
At 1 September 2023 | 189,080 |
Deficit for the year | ( |
) | - | ( |
) |
At 31 August 2024 | 185,850 |
CAREFREE TRADING LIMITED (REGISTERED NUMBER: 04522590) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
10. | RELATED PARTY DISCLOSURES |
At the year end, the company owed the directors, N Pannaman, S Kay and B Mistlin, the amounts of £21,676 (2023: £21,676), £21,676 (2023: £21,676) and £21,676 (2023: £21,676) respectively in relation to interest free loans with no fixed repayments. |
Of the above detailed loans, the amounts due for repayment in more than one year totalled £60,000 (2023: |
£60,000), with the balance due within one year. |