Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseProperty investment and development11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC352878 2024-01-01 2024-12-31 OC352878 2023-01-01 2023-12-31 OC352878 2024-12-31 OC352878 2023-12-31 OC352878 c:FurnitureFittings 2024-01-01 2024-12-31 OC352878 c:FurnitureFittings 2024-12-31 OC352878 c:FurnitureFittings 2023-12-31 OC352878 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 OC352878 c:FreeholdInvestmentProperty 2024-01-01 2024-12-31 OC352878 c:FreeholdInvestmentProperty 2024-12-31 OC352878 c:FreeholdInvestmentProperty 2023-12-31 OC352878 c:CurrentFinancialInstruments 2024-12-31 OC352878 c:CurrentFinancialInstruments 2023-12-31 OC352878 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 OC352878 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC352878 d:FRS102 2024-01-01 2024-12-31 OC352878 d:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 OC352878 d:FullAccounts 2024-01-01 2024-12-31 OC352878 d:LimitedLiabilityPartnershipLLP 2024-01-01 2024-12-31 OC352878 6 2024-01-01 2024-12-31 OC352878 d:PartnerLLP4 2024-01-01 2024-12-31 OC352878 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-12-31 OC352878 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-12-31 OC352878 c:FurtherSpecificReserve2ComponentTotalEquity 2024-12-31 OC352878 c:FurtherSpecificReserve2ComponentTotalEquity 2023-12-31 OC352878 c:FurtherSpecificReserve3ComponentTotalEquity 2024-12-31 OC352878 c:FurtherSpecificReserve3ComponentTotalEquity 2023-12-31 OC352878 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: OC352878









CARLTON MULTI INVESTMENTS LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
CARLTON MULTI INVESTMENTS LLP
REGISTERED NUMBER: OC352878

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
23,747
29,688

Investments
 5 
100
100

Investment property
 6 
7,600,000
5,641,838

  
7,623,847
5,671,626

Current assets
  

Debtors: amounts falling due within one year
 7 
77,310
112,170

  
77,310
112,170

Creditors: Amounts Falling Due Within One Year
 8 
(5,344,296)
(5,252,093)

Net current liabilities
  
 
 
(5,266,986)
 
 
(5,139,923)

Total assets less current liabilities
  
2,356,861
531,703

  

Net assets
  
2,356,861
531,703


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 9 
1,102,279
1,089,779

  
1,102,279
1,089,779

Members' other interests
  

Members' capital classified as equity
  
100
100

Other reserves classified as equity
  
1,254,482
(558,176)

  
 
1,254,582
 
(558,076)

  
2,356,861
531,703


Total members' interests
  

Loans and other debts due to members
 9 
1,102,279
1,089,779

Members' other interests
  
1,254,582
(558,075)

  
2,356,861
531,704


The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Page 1

 
CARLTON MULTI INVESTMENTS LLP
REGISTERED NUMBER: OC352878
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 4 April 2025.




Queensway Associates Ltd
Designated member

The notes on pages 3 to 7 form part of these financial statements.

Carlton Multi Investments LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

Page 2

 
CARLTON MULTI INVESTMENTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Carlton Multi Investments LLP was incorporated and domiciled in England and Wales.
The principal activity of the LLP was that of property investment and development.

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 LLP 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 LLP 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.

 
2.3

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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
CARLTON MULTI INVESTMENTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
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.

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
-
20%
reducing balance

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

Investment property

Investment property is carried at fair value determined annually by the members or a formal valuation if available. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 
CARLTON MULTI INVESTMENTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2024
86,124



At 31 December 2024

86,124



Depreciation


At 1 January 2024
56,436


Charge for the year on owned assets
5,941



At 31 December 2024

62,377



Net book value



At 31 December 2024
23,747



At 31 December 2023
29,688

Page 5

 
CARLTON MULTI INVESTMENTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
100



At 31 December 2024
100





6.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
5,641,838


Additions at cost
1,958,162



At 31 December 2024
7,600,000

I

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





7.


Debtors

2024
2023
£
£


Other debtors
68,691
112,170

Prepayments and accrued income
8,618
-

77,309
112,170


Page 6

 
CARLTON MULTI INVESTMENTS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
3,840,000
3,930,000

Other creditors
1,500,996
1,319,093

Accruals and deferred income
3,300
3,000

5,344,296
5,252,093



9.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
1,102,279
1,089,779

1,102,279
1,089,779

Loans and other debts due to members may be further analysed as follows:

2024
2023
£
£



Falling due within one year
1,102,279
1,089,779

1,102,279
1,089,779

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

 
Page 7