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Company No: 04323278 (England and Wales)

CARNARVON PROPERTY RENTALS LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

CARNARVON PROPERTY RENTALS LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

CARNARVON PROPERTY RENTALS LIMITED

COMPANY INFORMATION

For the financial year ended 30 November 2024
CARNARVON PROPERTY RENTALS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2024
DIRECTOR Mrs J S Ashmore
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 04323278 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
CARNARVON PROPERTY RENTALS LIMITED

BALANCE SHEET

As at 30 November 2024
CARNARVON PROPERTY RENTALS LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 0 203
Investment property 4 965,000 965,000
965,000 965,203
Current assets
Debtors 5 7,111 8,899
Cash at bank and in hand 12,822 8,779
19,933 17,678
Creditors: amounts falling due within one year 6 ( 291,618) ( 279,035)
Net current liabilities (271,685) (261,357)
Total assets less current liabilities 693,315 703,846
Provision for liabilities ( 83,412) ( 83,411)
Net assets 609,903 620,435
Capital and reserves
Called-up share capital 300 300
Fair value reserve 520,702 520,702
Profit and loss account 88,901 99,433
Total shareholders' funds 609,903 620,435

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Carnarvon Property Rentals Limited (registered number: 04323278) were approved and authorised for issue by the Director on 27 March 2025. They were signed on its behalf by:

Mrs J S Ashmore
Director
CARNARVON PROPERTY RENTALS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
CARNARVON PROPERTY RENTALS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Carnarvon Property Rentals Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents the total rental & consultancy income receivable during the year.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line
Investment property

Investment property is included at fair value. Gains are recognised in the profit and loss account.

Financial instruments

Financial assets and financial liabilities are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. These are carried at transactional costs within the company's balance sheet.

Debtors & creditors

Short term debtors are measured at transaction price, less any impairment.

Short term creditors are measured at transaction price.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 December 2023 812 812
At 30 November 2024 812 812
Accumulated depreciation
At 01 December 2023 609 609
Charge for the financial year 203 203
At 30 November 2024 812 812
Net book value
At 30 November 2024 0 0
At 30 November 2023 203 203

4. Investment property

Investment property
£
Valuation
As at 01 December 2023 965,000
As at 30 November 2024 965,000

Historic cost

Fair value at 30th November 2024 is represented by:

2024 2023
£ £
Historic cost 360,886 360,886

The investment properties were valued on a fair value basis on 30th November 2024 by the director.

5. Debtors

2024 2023
£ £
Trade debtors 5,250 7,000
Other debtors 1,861 1,899
7,111 8,899

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 4,849 1,077
Other creditors 286,769 277,958
291,618 279,035