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REGISTERED NUMBER: 01576741 (England and Wales)














CAREY HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024






CAREY HOLDINGS LIMITED (REGISTERED NUMBER: 01576741)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAREY HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTOR: M C Carey





SECRETARY: M C Carey





REGISTERED OFFICE: Unit 3 Bevan Industrial Estate
Brierley Hill Road
Brierley Hill
West Midlands
DY5 3TF





REGISTERED NUMBER: 01576741 (England and Wales)

CAREY HOLDINGS LIMITED (REGISTERED NUMBER: 01576741)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 49,079 35,953
Investments 5 10,000 10,000
Investment property 6 1,010,957 1,010,957
1,070,036 1,056,910

CURRENT ASSETS
Debtors 7 57,144 59,513
Cash at bank 98,283 80,320
155,427 139,833
CREDITORS
Amounts falling due within one year 8 69,378 44,160
NET CURRENT ASSETS 86,049 95,673
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,156,085

1,152,583

CREDITORS
Amounts falling due after more than one
year

9

-

(13,504

)

PROVISIONS FOR LIABILITIES 11 (65,339 ) (62,845 )
NET ASSETS 1,090,746 1,076,234

CAPITAL AND RESERVES
Called up share capital 12 25,000 25,000
Retained earnings 1,065,746 1,051,234
SHAREHOLDERS' FUNDS 1,090,746 1,076,234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

CAREY HOLDINGS LIMITED (REGISTERED NUMBER: 01576741)

BALANCE SHEET - continued
31ST JULY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11th April 2025 and were signed by:





M C Carey - Director


CAREY HOLDINGS LIMITED (REGISTERED NUMBER: 01576741)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Carey Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Carey Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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.


CAREY HOLDINGS LIMITED (REGISTERED NUMBER: 01576741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

2. ACCOUNTING POLICIES - continued
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 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1st August 2023 478,900 24,650 - 43,035 546,585
Additions 1,250 - 20,730 - 21,980
At 31st July 2024 480,150 24,650 20,730 43,035 568,565
DEPRECIATION
At 1st August 2023 452,133 24,152 - 34,347 510,632
Charge for year 4,423 101 3,025 1,305 8,854
At 31st July 2024 456,556 24,253 3,025 35,652 519,486
NET BOOK VALUE
At 31st July 2024 23,594 397 17,705 7,383 49,079
At 31st July 2023 26,767 498 - 8,688 35,953

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1st August 2023
and 31st July 2024 10,000
NET BOOK VALUE
At 31st July 2024 10,000
At 31st July 2023 10,000

CAREY HOLDINGS LIMITED (REGISTERED NUMBER: 01576741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1st August 2023
and 31st July 2024 1,010,957
NET BOOK VALUE
At 31st July 2024 1,010,957
At 31st July 2023 1,010,957

Fair value at 31st July 2024 is represented by:
£
Valuation in 2023 1,010,957

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 45,552 42,174
Amounts owed by group undertakings - 3,464
Other debtors 2,652 5,215
VAT 709 2,220
Prepayments 8,231 6,440
57,144 59,513

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 13,607 16,879
Trade creditors 10,587 21,401
Amounts owed to group undertakings 40,510 -
Tax 1,526 -
Social security and other taxes 192 173
Directors' loan accounts 1,749 4,530
Accrued expenses 1,207 1,177
69,378 44,160

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Mortgage - 13,504

CAREY HOLDINGS LIMITED (REGISTERED NUMBER: 01576741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Mortgage 13,607 30,383

The mortgage is secured over property known as units 7 & 8 Bevan Industrial Estate.

11. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax
Accelerated capital allowances 9,325 6,831
Unrealised gains on property revaluations 56,014 56,014
65,339 62,845

Deferred tax
£
Balance at 1st August 2023 62,845
Provided during year 2,494
Balance at 31st July 2024 65,339

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
25,000 Ordinary shares £1 25,000 25,000

13. CAPITAL COMMITMENTS
2024 2023
£ £
Contracted but not provided for in the
financial statements 35,000 -

14. RELATED PARTY DISCLOSURES

Dividends of £20,000 (2023 - £95,000) were received from News (Fittings, Flanges and Fasteners) Ltd (a wholly owned subsidiary) during the year.

Management charges of £10,000 (2023 - £10,000) were paid to News (Fittings, Flanges and Fasteners) Ltd during the year.

At 31 July 2024 £40,510 was due from Carey Holdings to News (Fittings, Flanges and Fasteners) Limited (2023 £3,464 debtor).

15. RETAINED EARNINGS

Within the balance of retained earnings there are non-distributable reserves totalling £666,890 (2023 - £666,890) relating to the revaluation of the investment properties held to fair value.