Caseware UK (AP4) 2023.0.135 2023.0.135 2025-01-312025-01-312024-02-01falseNo description of principal activity02truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06328204 2024-02-01 2025-01-31 06328204 2023-02-01 2024-01-31 06328204 2025-01-31 06328204 2024-01-31 06328204 c:Director1 2024-02-01 2025-01-31 06328204 d:FurnitureFittings 2024-02-01 2025-01-31 06328204 d:FurnitureFittings 2025-01-31 06328204 d:FurnitureFittings 2024-01-31 06328204 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 06328204 d:ComputerEquipment 2024-02-01 2025-01-31 06328204 d:ComputerEquipment 2025-01-31 06328204 d:ComputerEquipment 2024-01-31 06328204 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 06328204 d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 06328204 d:CurrentFinancialInstruments 2025-01-31 06328204 d:CurrentFinancialInstruments 2024-01-31 06328204 d:Non-currentFinancialInstruments 2025-01-31 06328204 d:Non-currentFinancialInstruments 2024-01-31 06328204 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 06328204 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 06328204 d:Non-currentFinancialInstruments d:AfterOneYear 2025-01-31 06328204 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 06328204 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-01-31 06328204 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-01-31 06328204 d:ShareCapital 2025-01-31 06328204 d:ShareCapital 2024-01-31 06328204 d:RetainedEarningsAccumulatedLosses 2025-01-31 06328204 d:RetainedEarningsAccumulatedLosses 2024-01-31 06328204 c:OrdinaryShareClass1 2024-02-01 2025-01-31 06328204 c:OrdinaryShareClass1 2025-01-31 06328204 c:OrdinaryShareClass1 2024-01-31 06328204 c:OrdinaryShareClass2 2024-02-01 2025-01-31 06328204 c:OrdinaryShareClass2 2025-01-31 06328204 c:OrdinaryShareClass2 2024-01-31 06328204 c:OrdinaryShareClass3 2024-02-01 2025-01-31 06328204 c:OrdinaryShareClass3 2025-01-31 06328204 c:OrdinaryShareClass3 2024-01-31 06328204 c:FRS102 2024-02-01 2025-01-31 06328204 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 06328204 c:FullAccounts 2024-02-01 2025-01-31 06328204 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 06328204 d:AcceleratedTaxDepreciationDeferredTax 2025-01-31 06328204 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 06328204 d:TaxLossesCarry-forwardsDeferredTax 2025-01-31 06328204 d:TaxLossesCarry-forwardsDeferredTax 2024-01-31 06328204 e:PoundSterling 2024-02-01 2025-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06328204










CARLOS INVESTMENTS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2025

 
CARLOS INVESTMENTS LTD
REGISTERED NUMBER: 06328204

BALANCE SHEET
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,653
4,891

  
5,653
4,891

Current assets
  

Debtors: amounts falling due within one year
 5 
32,512
21,080

Cash at bank and in hand
 6 
12,558
153

Current Liabilities
  
45,070
21,233

Creditors: amounts falling due within one year
 7 
(15,131)
(12,784)

Net current assets
  
 
 
29,939
 
 
8,449

Total assets less current liabilities
  
35,592
13,340

Creditors: amounts falling due after more than one year
 8 
(31,943)
(42,509)

  

Net assets/(liabilities)
  
3,649
(29,169)


Capital and reserves
  

Called up share capital 
 11 
3,600
3,600

Profit and loss account
  
49
(32,769)

  
3,649
(29,169)


Page 1

 
CARLOS INVESTMENTS LTD
REGISTERED NUMBER: 06328204

BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025

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 comprehensive income 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: 




T P C Monckton
Director

Date: 7 April 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CARLOS INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

Carlos Investments Ltd is a private company, limited by shares and registered in England and Wales. The  registered address is Burnt Hill House, Burnt Hill, Yattendon, Berkshire, RG18 0XF.

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

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:

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.

Page 3

 
CARLOS INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.3

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
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.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
CARLOS INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

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 ordinary shares.

 
2.8

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.

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 (2024 - 2).

Page 5

 
CARLOS INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 February 2024
-
14,660
14,660


Additions
3,031
1,465
4,496


Disposals
-
(11,849)
(11,849)



At 31 January 2025

3,031
4,276
7,307



Depreciation


At 1 February 2024
-
9,769
9,769


Charge for the year on owned assets
209
694
903


Disposals
-
(9,018)
(9,018)



At 31 January 2025

209
1,445
1,654



Net book value



At 31 January 2025
2,822
2,831
5,653



At 31 January 2024
-
4,891
4,891


5.


Debtors

2025
2024
£
£


Other debtors
18,000
674

Prepayments and accrued income
8,730
-

Deferred taxation
5,782
20,406

32,512
21,080


Included within other debtors due within one year is a loan to a director amounting to £6,000 (2024 - £NIL). The loan is interest free and repayable on demand.
Included within other debtors due within one year are loans to shareholders amounting to £12,000 (2024 - £NIL). The loans are interest free and repayable on demand.

Page 6

 
CARLOS INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
12,558
153

Less: bank overdrafts
-
(390)

12,558
(237)



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank overdrafts
-
390

Bank loans
7,232
7,232

Other taxation and social security
3,814
-

Other creditors
1,335
2,537

Accruals and deferred income
2,750
2,625

15,131
12,784


Included within other creditors due within one year is a loan from a director amounting to £NIL (2024 - £1,667). Interest is charged on the loan at 10.25% per annum.


8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
31,943
39,176

Other creditors
-
3,333

31,943
42,509


Included within other creditors due after more than one year is a loan from a director amounting to £NIL (2024 - £3,333). Interest is charged on the loan at 10.25% per annum.

Page 7

 
CARLOS INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

9.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
7,232
7,232



Amounts falling due after more than 1 year

Bank loans
31,943
39,176

39,175
46,408


The company took a Business Bounceback Loan in 2020 of £50,000. The bank loan was interest free up to 1 June 2021 and interest is payable at 2.5% thereafter. The loan is repayable over 10 years.


10.


Deferred taxation




2025


£






At beginning of year
20,406


Charged to profit or loss
(14,624)



At end of year
5,782

The deferred tax asset is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(1,413)
(1,223)

Tax losses carried forward
7,195
21,629

5,782
20,406

Page 8

 
CARLOS INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

11.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



1,200 (2024 - 1,200) Ordinary A shares of £1.00 each
1,200
1,200
1,200 (2024 - 1,200) Ordinary B shares of £1.00 each
1,200
1,200
1,200 (2024 - 1,200) Ordinary C shares of £1.00 each
1,200
1,200

3,600

3,600



Page 9