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REGISTERED NUMBER: 08304754 (England and Wales)















CAROLLIAM LIMITED

Unaudited Financial Statements for the Year Ended 30 September 2024






CAROLLIAM LIMITED (REGISTERED NUMBER: 08304754)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


CAROLLIAM LIMITED

Company Information
for the year ended 30 September 2024







Directors: N W Bradley
C S Bradley





Registered office: 2 Riley Cottage
Pound Lane
Clifton On Teme
Worcestershire
WR6 6EF





Registered number: 08304754 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

CAROLLIAM LIMITED (REGISTERED NUMBER: 08304754)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 290,000 295,000
Investments 5 66,636 66,636
356,636 361,636

Current assets
Cash at bank 252 73

Creditors
Amounts falling due within one year 6 231,646 224,974
Net current liabilities (231,394 ) (224,901 )
Total assets less current liabilities 125,242 136,735

Creditors
Amounts falling due after more than one year 7 105,180 118,114
Net assets 20,062 18,621

Capital and reserves
Called up share capital 2 2
Retained earnings 20,060 18,619
Shareholders' funds 20,062 18,621

CAROLLIAM LIMITED (REGISTERED NUMBER: 08304754)

Balance Sheet - continued
30 September 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 7 April 2025 and were signed on its behalf by:





N W Bradley - Director


CAROLLIAM LIMITED (REGISTERED NUMBER: 08304754)

Notes to the Financial Statements
for the year ended 30 September 2024

1. Statutory information

Carolliam 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.

Turnover
Turnover represents the rent receivable during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Group accounts
The company is entitled to exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

Going concern
The financial statements have been prepared on a going concern basis and no material uncertainties exist that impact on the company's ability to trade.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

CAROLLIAM LIMITED (REGISTERED NUMBER: 08304754)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

4. Tangible fixed assets
Freehold
property
£   
Cost
At 1 October 2023
and 30 September 2024 350,000
Depreciation
At 1 October 2023 55,000
Charge for year 5,000
At 30 September 2024 60,000
Net book value
At 30 September 2024 290,000
At 30 September 2023 295,000

Included in cost of land and buildings is freehold land of £100,000 (2023 - £100,000) which is not depreciated

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 October 2023
and 30 September 2024 66,636
Net book value
At 30 September 2024 66,636
At 30 September 2023 66,636

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 16,034 16,035
Amounts owed to group undertakings 183,942 202,649
Tax 1,511 1,986
Directors' current accounts 28,059 3,104
Accruals and deferred income 2,100 1,200
231,646 224,974

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 85,180 98,114
Other loans - 1-2 years 20,000 20,000
105,180 118,114

CAROLLIAM LIMITED (REGISTERED NUMBER: 08304754)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 101,214 114,149

Fixed and Floating charge in favour of the company bankers.