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REGISTERED NUMBER: SC593298 (Scotland)















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: Mr D J Brophy
Mrs M L Brophy





REGISTERED OFFICE: C/O Ligo Electronics
Basement
176 Bath Street
Glasgow
G2 4HG





REGISTERED NUMBER: SC593298 (Scotland)





ACCOUNTANTS: McLaughlin Crolla LLP
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.






McLaughlin Crolla LLP
77/2 Hanover Street
Edinburgh
EH2 1EE


3rd March 2025

Carleton Holdings Limited (Registered number: SC593298)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,839,286 1,839,286

CURRENT ASSETS
Debtors 5 24,150 16,905
Cash at bank 1,211 1,211
25,361 18,116
CREDITORS
Amounts falling due within one year 6 371,716 229,716
NET CURRENT LIABILITIES (346,355 ) (211,600 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,492,931 1,627,686

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 24,150 16,905
Other reserves - 2,122
Retained earnings 1,468,779 1,608,657
SHAREHOLDERS' FUNDS 1,492,931 1,627,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd March 2025 and were signed on its behalf by:





Mr D J Brophy - Director


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 private company, limited by shares , registered in Scotland. 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.

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 1,839,286
Net book value
At 30th April 2024 1,839,286
At 30th April 2023 1,839,286

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 24,150 16,905

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1
Amounts owed to group undertakings 363,111 140,558
Directors' loan accounts 8,605 89,157
371,716 229,716

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed its subsidiary company £363,111 (2023: £140,558).

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.

20242023




No.
Weighted
average
exercise price


No.
Weighted
average
exercise price

Outstanding at 1 May1,125£6.442,250£6.44
Granted----
Forfeited----
Exercised(1,125)£6.44(1,125)6.44
Expired----
Outstanding at 30 April1,125£6.441,125£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)