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REGISTERED NUMBER: 06253849 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

OUR CAROLINE INVESTMENTS LTD

OUR CAROLINE INVESTMENTS LTD (REGISTERED NUMBER: 06253849)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OUR CAROLINE INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr O A Alayo
Mr O W Alayo
Mr D O Alayo





SECRETARY: Ms L A O Alayo





REGISTERED OFFICE: 136 Plumstead High Street
Plumstead
London
SE18 1JQ





REGISTERED NUMBER: 06253849 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

OUR CAROLINE INVESTMENTS LTD (REGISTERED NUMBER: 06253849)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 780 957
Tangible assets 5 255,865 283,311
256,645 284,268

CURRENT ASSETS
Stocks 24,146 22,996
Debtors 6 90,232 80,562
Cash at bank and in hand 299,183 400,186
413,561 503,744
CREDITORS
Amounts falling due within one year 7 191,285 216,339
NET CURRENT ASSETS 222,276 287,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

478,921

571,673

CREDITORS
Amounts falling due after more than one year 8 - (79,069 )

PROVISIONS FOR LIABILITIES (26,252 ) (24,545 )
NET ASSETS 452,669 468,059

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 452,569 467,959
452,669 468,059

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

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

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 25 February 2025 and were signed on its behalf by:




Mr D O Alayo - Director


OUR CAROLINE INVESTMENTS LTD (REGISTERED NUMBER: 06253849)

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

1. STATUTORY INFORMATION

Our Caroline 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the term of the lease
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

OUR CAROLINE INVESTMENTS LTD (REGISTERED NUMBER: 06253849)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 3,536
AMORTISATION
At 1 June 2023 2,579
Charge for year 177
At 31 May 2024 2,756
NET BOOK VALUE
At 31 May 2024 780
At 31 May 2023 957

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 June 2023 139,620 583,327 47,150 770,097
Additions - 26,079 - 26,079
At 31 May 2024 139,620 609,406 47,150 796,176
DEPRECIATION
At 1 June 2023 46,619 431,142 9,025 486,786
Charge for year 10,948 33,045 9,532 53,525
At 31 May 2024 57,567 464,187 18,557 540,311
NET BOOK VALUE
At 31 May 2024 82,053 145,219 28,593 255,865
At 31 May 2023 93,001 152,185 38,125 283,311

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,596 19,566
Other debtors 76,636 60,996
90,232 80,562

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 52,016 59,128
Trade creditors 70,344 108,369
Taxation and social security 1,644 6,011
Other creditors 67,281 42,831
191,285 216,339

OUR CAROLINE INVESTMENTS LTD (REGISTERED NUMBER: 06253849)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 79,069

9. LEASING AGREEMENTS
At the balance sheet date the company was committed to making payments of £163,804 (2023 - £272,589) under non-cancellable operating leases.

10. SECURED DEBTS

There is a fixed and floating charge in the form of a debenture dated 9 July 2020 in favour of Barclays Security Trustee Limited.

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed directors £61,274 (2023 £36,070). No interest was charged on these loans. There are no fixed repayment terms.