Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-292024-06-292023-06-30falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11280856 2023-06-30 2024-06-29 11280856 2022-06-30 2023-06-29 11280856 2024-06-29 11280856 2023-06-29 11280856 c:Director1 2023-06-30 2024-06-29 11280856 d:FreeholdInvestmentProperty 2024-06-29 11280856 d:FreeholdInvestmentProperty 2023-06-29 11280856 d:FreeholdInvestmentProperty 2 2023-06-30 2024-06-29 11280856 d:CurrentFinancialInstruments 2024-06-29 11280856 d:CurrentFinancialInstruments 2023-06-29 11280856 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-29 11280856 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-29 11280856 d:ShareCapital 2024-06-29 11280856 d:ShareCapital 2023-06-29 11280856 d:SharePremium 2024-06-29 11280856 d:SharePremium 2023-06-29 11280856 d:RetainedEarningsAccumulatedLosses 2024-06-29 11280856 d:RetainedEarningsAccumulatedLosses 2023-06-29 11280856 c:FRS102 2023-06-30 2024-06-29 11280856 c:AuditExempt-NoAccountantsReport 2023-06-30 2024-06-29 11280856 c:FullAccounts 2023-06-30 2024-06-29 11280856 c:PrivateLimitedCompanyLtd 2023-06-30 2024-06-29 11280856 2 2023-06-30 2024-06-29 11280856 6 2023-06-30 2024-06-29 11280856 d:OtherDeferredTax 2024-06-29 11280856 d:OtherDeferredTax 2023-06-29 11280856 f:PoundSterling 2023-06-30 2024-06-29 iso4217:GBP xbrli:pure

Registered number: 11280856










CARRINO HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 JUNE 2024

 
CARRINO HOLDINGS LIMITED
REGISTERED NUMBER: 11280856

BALANCE SHEET
AS AT 29 JUNE 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Investments
 4 
36,298
36,198

Investment property
 5 
2,031,132
1,679,132

  
2,067,430
1,715,330

Current assets
  

Debtors: amounts falling due within one year
 6 
429,031
214,973

Cash at bank and in hand
 7 
1,850,787
1,793,934

  
2,279,818
2,008,907

Creditors: amounts falling due within one year
 8 
(773,503)
(878,428)

Net current assets
  
 
 
1,506,315
 
 
1,130,479

Provisions for liabilities
  

Deferred tax
  
(88,000)
-

Net assets
  
3,485,745
2,845,809


Capital and reserves
  

Called up share capital 
  
1,221
1,221

Share premium account
  
19,995
19,995

Profit and loss account
  
3,464,529
2,824,593

  
3,485,745
2,845,809


Page 1

 
CARRINO HOLDINGS LIMITED
REGISTERED NUMBER: 11280856
    
BALANCE SHEET (CONTINUED)
AS AT 29 JUNE 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 by: 


................................................
Giovanni Carrino
Director

Date: 12 March 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
CARRINO HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

1.


General information

Carrino Holdings Limited is a private limited Company, incorporated in England and Wales.
The registered office and principal place of business is 9 Marlborough Road, Colmworth Business Park, Eaton Socon, St Neots, United Kingdom, PE19 8YP.

2.Accounting policies

 
2.1

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:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
CARRINO HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

2.Accounting policies (continued)

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
CARRINO HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


  
2.7

Investment properties

Investment properties are 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.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

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.

 
2.10

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 5

 
CARRINO HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 30 June 2023
36,198


Additions
100



At 29 June 2024
36,298




Page 6

 
CARRINO HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

5.


Investment property


Freehold investment properties

£



Valuation


At 30 June 2023
1,679,132


Surplus on revaluation
352,000



At 29 June 2024
2,031,132

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




Page 7

 
CARRINO HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
33,460
66,314

Amounts owed by group undertakings
110,000
80,000

Other debtors
281,252
60,327

Called up share capital not paid
1,000
1,000

Prepayments and accrued income
3,319
7,332

429,031
214,973



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,850,787
1,793,934



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,202
2,225

Amounts owed to group undertakings
690,035
690,035

Corporation tax
14,786
-

Other taxation and social security
36,837
4,085

Other creditors
26,643
176,293

Accruals and deferred income
-
5,790

773,503
878,428


Page 8

 
CARRINO HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

9.


Deferred taxation




2024


£






Charged to profit or loss
(88,000)



At end of year
(88,000)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Deferred tax on revalued properties
88,000
-

88,000
-


10.


Pension commitments

The Company operates a defined contributions pension scheme. Contributions totalling £46 (2023 - £45) were payable to the fund at the balance sheet date and included within other creditors.

Page 9

 
CARRINO HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

11.


Related party transactions

During the year rent of £nil (2023 - £36,162) was received from Apex Block Cutters Limited. A Company with a common Director.
At the year end Apex Block Cutters Limited owed the Company £80,000 (2023 - £80,000). The amount owed is interest free and has no fixed repayment date.
At the year end there was a balance owing to the Director of £15,993 (2023 - £15,993). This loan is interest free and is repayable on demand.
At the year end Carrino Flooring Limited was owed £690,035 (2023 - £690,035). The Company is owned by the Director. The amount owed is interest free and has no fixed repayment date.
At the year end Camtech Building Products Limited owed the company £260,000 (2023 - was owed £150,000). A Company with a common Director. The amount owed is interest free and has no fixed repayment date.  Management charges of £410,000 (2023 - £Nil) were received from Camtech Building Products Limited. A Company with a common Director.
.
Management charges of £nil (2023 - £30,750) were received from Chiltern Concrete & Stone Limited. A Company with a common Director.
During the year rent of £nil (2023 - £3,360) was received from Chiltern Concrete & Stone Limited. A Company with a common Director
Management charges of £43,728 (2022 - £49,316) were received from Carrino Flooring Limited. A Company with a common Director.
During the year management charges of £15,000 (2023 - £15,000) were received from Kingstone Products Limited. A Company with a common Director.
During the year dividends of £292,514 (2023 - £535,758) were received from Kingstone Products Limited. A Company with a common Director.
During the year dividends of £nil (2023 - £1,100,000) were received from Carrino Flooring Limited. The Company is owned by the Director.
IIn 2022/23 the company wrote off the loan of £15,000 with Choice Rolls Bedford Limited. A Company with a common Director.

 
Page 10