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REGISTERED NUMBER: 02243732 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CARLTON ENTERPRISES LIMITED

CARLTON ENTERPRISES LIMITED (REGISTERED NUMBER: 02243732)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARLTON ENTERPRISES LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: Mr T A Smith
Mr A J Smith





SECRETARY: Mr A J Smith





REGISTERED OFFICE: St Martins House Business Centre Ockham
Leatherhead
East Horsley
Surrey
KT24 6RX





REGISTERED NUMBER: 02243732 (England and Wales)





ACCOUNTANTS: BAND Advisory Group Limited
111 Charterhouse Street
London
EC1M 6AW

CARLTON ENTERPRISES LIMITED (REGISTERED NUMBER: 02243732)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,759 6,998

CURRENT ASSETS
Inventories 4,906,862 4,479,299
Debtors 5 146,677 96,468
Cash at bank and in hand 1,642 71,472
5,055,181 4,647,239
CREDITORS
Amounts falling due within one year 6 4,220,427 3,895,123
NET CURRENT ASSETS 834,754 752,116
TOTAL ASSETS LESS CURRENT
LIABILITIES

838,513

759,114

CREDITORS
Amounts falling due after more than one
year

7

3,374,755

3,383,722
NET LIABILITIES (2,536,242 ) (2,624,608 )

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings (2,586,242 ) (2,674,608 )
(2,536,242 ) (2,624,608 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

CARLTON ENTERPRISES LIMITED (REGISTERED NUMBER: 02243732)

BALANCE SHEET - continued
31 December 2023


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 17 April 2025 and were signed on its behalf by:





Mr T A Smith - Director


CARLTON ENTERPRISES LIMITED (REGISTERED NUMBER: 02243732)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Carlton Enterprises 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 amounts receivable for sale of property and rental income net of VAT.

Turnover is recognised either at point of sale (property) or at the point of invoicing a customer (rental).

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The company has net liabilities of £2,536,242 at the balance sheet date. The directors have considered their cash equivalent for the period of twelve months from the date of signing the accounts and consider that with the continuing support of Director and ultimate controlling party, Mr A J Smith, which has been confirmed in writing, the company is able to meet its liabilities as they fall due. Accordingly the directors consider it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CARLTON ENTERPRISES LIMITED (REGISTERED NUMBER: 02243732)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 28,279
DEPRECIATION
At 1 January 2023 21,281
Charge for year 3,239
At 31 December 2023 24,520
NET BOOK VALUE
At 31 December 2023 3,759
At 31 December 2022 6,998

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 139,022 88,813
Other debtors 7,655 7,655
146,677 96,468

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 197,660 138,821
Amounts owed to group undertakings 597,364 459,682
Taxation and social security 46,876 48,532
Other creditors 3,368,527 3,238,088
4,220,427 3,895,123

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 3,374,755 3,383,722

CARLTON ENTERPRISES LIMITED (REGISTERED NUMBER: 02243732)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


8. RELATED PARTY DISCLOSURES

Elmbridge Group Limited (a fellow subsidiary):- At the balance sheet date the company owed Elmbridge Group Limited £424,473 (2022: £436,306).

Elmbridge Estates Limited (parent company):- At the balance sheet date the company owed Elmbridge Estates Limited £172,890 (2022: £23,376).

At the balance sheet date the company owed £3,284,543 (2022: £3,170,302) to A J Smith, Director.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A J Smith, by way of his beneficial interest in the parent company, Elmbridge Estates Limited, a company registered in England and Wales.