REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30th April 2024 |
for |
Carleton Holdings Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30th April 2024 |
for |
Carleton Holdings Limited |
Carleton Holdings Limited (Registered number: SC593298) |
Contents of the Financial Statements |
for the Year Ended 30th April 2024 |
Page |
Company Information | 1 |
Report of the Accountants | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 4 |
Carleton Holdings Limited |
Company Information |
for the Year Ended 30th April 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
77/2 Hanover Street |
Edinburgh |
EH2 1EE |
Carleton Holdings Limited |
Report of the Accountants to the Directors of |
Carleton Holdings Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th April 2024 set out on pages four to seven and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
77/2 Hanover Street |
Edinburgh |
EH2 1EE |
Carleton Holdings Limited (Registered number: SC593298) |
Balance Sheet |
30th April 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Other reserves |
Retained earnings |
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 |
Carleton Holdings Limited (Registered number: SC593298) |
Notes to the Financial Statements |
for the Year Ended 30th April 2024 |
1. | STATUTORY INFORMATION |
Carleton Holdings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Carleton Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Financial instruments |
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
Share-based payments |
Equity-settled share based payments are measured at fair value at the date of the grant. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
Cost |
At 1st May 2023 |
and 30th April 2024 |
Net book value |
At 30th April 2024 |
At 30th April 2023 |
Carleton Holdings Limited (Registered number: SC593298) |
Notes to the Financial Statements - continued |
for the Year Ended 30th April 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Directors' loan accounts | 8,605 | 89,157 |
7. | RELATED PARTY DISCLOSURES |
8. | CONTROLLING PARTY |
The directors are considered to be the ultimate controlling party by virtue of their shareholding in the company and of their ability to act in concert in respect of the operational and financial policies of the company. |
9. | SHARE-BASED PAYMENT TRANSACTIONS |
Certain key employees participate in the Company EMI share option plan. These options are performance related and vest when Exercise Conditions are satisfied. If the Board considers that an Exercise Condition has become incapable of being satisfied, in whole or in part, the option, or the appropriate part of it shall lapse forthwith. The options lapse on the tenth anniversary of the Grant Date. |
The following table illustrates the number and weighted average exercise price of, and movements in, share options during the year. |
2024 | 2023 |
No. | Weighted average exercise price | No. | Weighted average exercise price |
Outstanding at 1 May | 1,125 | £6.44 | 2,250 | £6.44 |
Granted | - | - | - | - |
Forfeited | - | - | - | - |
Exercised | (1,125 | ) | £6.44 | (1,125 | ) | 6.44 |
Expired | - | - | - | - |
Outstanding at 30 April | 1,125 | £6.44 | 1,125 | £6.44 |
Exercisable at 30 April | - | - | - | - |
The expense recognised for share-based payments arising from equity-settled transactions for the year was £5,123 (2023: £8,782) |