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REGISTERED NUMBER: 05144975 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Carn Building Solutions Limited

Carn Building Solutions Limited (Registered number: 05144975)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Carn Building Solutions Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: P Boyd





REGISTERED OFFICE: 16 Bush Hill
Northampton
NN3 2PE





REGISTERED NUMBER: 05144975 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Carn Building Solutions Limited (Registered number: 05144975)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 578 810
Investment property 5 1,100,000 810,536
1,100,578 811,346

CURRENT ASSETS
Stocks - 261,472
Debtors 6 7,177 4,848
Cash at bank 1,776 -
8,953 266,320
CREDITORS
Amounts falling due within one year 7 (438,611 ) (345,211 )
NET CURRENT LIABILITIES (429,658 ) (78,891 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

670,920

732,455

CREDITORS
Amounts falling due after more than one
year

8

(4,581

)

(87,731

)

PROVISIONS FOR LIABILITIES (126,768 ) (126,601 )
NET ASSETS 539,571 518,123

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 391,625 394,064
Retained earnings 147,945 124,058
539,571 518,123

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Carn Building Solutions Limited (Registered number: 05144975)

Balance Sheet - continued
30 June 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 March 2025 and were signed by:





P Boyd - Director


Carn Building Solutions Limited (Registered number: 05144975)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Carn Building Solutions Limited 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

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.

Stocks
Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell, 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 Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Carn Building Solutions Limited (Registered number: 05144975)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023
and 30 June 2024 1,210 150 17,500 200 19,060
DEPRECIATION
At 1 July 2023 1,210 150 16,730 160 18,250
Charge for year - - 192 40 232
At 30 June 2024 1,210 150 16,922 200 18,482
NET BOOK VALUE
At 30 June 2024 - - 578 - 578
At 30 June 2023 - - 770 40 810

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 810,536
Additions 291,903
Revaluations (2,439 )
At 30 June 2024 1,100,000
NET BOOK VALUE
At 30 June 2024 1,100,000
At 30 June 2023 810,536

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 526,320
Cost 573,680
1,100,000

The director considers the fair value of investment properties at the year end to be £1,100,000 (2023:
£810,536).
Valuations of investment properties have been made on an open market value for existing use basis.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 7,177 4,848

Other debtors includes prepayments and accrued income of £1,580 (2023 - £1,087).

Carn Building Solutions Limited (Registered number: 05144975)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 87,302 10,956
Taxation and social security 9,954 2,471
Other creditors 341,355 331,784
438,611 345,211

Other creditors includes accruals and deferred income of £2,350 (2023 - £2,250).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 4,581 87,731

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years - 87,731

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 82,302 82,589

Bank loans are secured via a fixed and floating charge over the assets of the company.