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REGISTERED NUMBER: 07855729 (England and Wales)














Financial Statements for the Year Ended 31 August 2024

for

Carpenter Investments Brunswick Park 2
Ltd

Carpenter Investments Brunswick Park 2
Ltd (Registered number: 07855729)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Carpenter Investments Brunswick Park 2
Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: D C Brewitt
A J Beer





REGISTERED OFFICE: Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW





REGISTERED NUMBER: 07855729 (England and Wales)





AUDITORS: Douglas Fairless Partnership
Chartered Certified Accountants
and Statutory Auditors
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW

Carpenter Investments Brunswick Park 2
Ltd (Registered number: 07855729)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 491,665 -
Tangible assets 5 21,919 25,787
Investments 6 2 -
Investment property 7 14,889,263 14,180,250
15,402,849 14,206,037

CURRENT ASSETS
Debtors 8 770,691 943,704
Cash at bank 69,719 65,035
840,410 1,008,739
CREDITORS
Amounts falling due within one year 9 792,402 492,698
NET CURRENT ASSETS 48,008 516,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,450,857

14,722,078

CREDITORS
Amounts falling due after more than one year 10 (7,731,000 ) (7,731,000 )

PROVISIONS FOR LIABILITIES (1,861,531 ) (1,684,278 )
NET ASSETS 5,858,326 5,306,800

CAPITAL AND RESERVES
Called up share capital 2 2
Non-Dist Retained Earning 5,836,822 5,305,062
Retained earnings 21,502 1,736
SHAREHOLDERS' FUNDS 5,858,326 5,306,800

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 29 May 2025 and were signed on its behalf by:




A J Beer - Director



D C Brewitt - Director


Carpenter Investments Brunswick Park 2
Ltd (Registered number: 07855729)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Carpenter Investments Brunswick Park 2 Ltd 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 as modified by the revaluation of certain assets.

The company is claiming exemption under Section 400 of the Companies Act 2006 from preparing consolidated group accounts, as the financial statements for the company are included in the consolidated group accounts of a larger group.

Turnover
The turnover in the profit & loss account represents revenue recognised on accrued rental contracts in place during the period exclusive of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 15% on reducing balance

Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

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.

The Investment Property is initially recognised at cost; cost includes the purchase cost, costs of development to bring the site into use and any other directly attributable expenditure. Subsequently, it is measured at fair value at the reporting date. The surplus or deficit on revaluation is recognised in the profit & loss account.

The fair value surplus and deficits recognised in the profit loss account are non-distributable reserves and are shown separately on the face of the balance sheet as non-distributable retained earnings. The amounts held in non-distributable reserves for the fair value adjustments are shown after providing for deferred taxation.

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 third parties and loans to and from related parties.


Carpenter Investments Brunswick Park 2
Ltd (Registered number: 07855729)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 499,998
At 31 August 2024 499,998
AMORTISATION
Charge for year 8,333
At 31 August 2024 8,333
NET BOOK VALUE
At 31 August 2024 491,665

Carpenter Investments Brunswick Park 2
Ltd (Registered number: 07855729)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 86,848
DEPRECIATION
At 1 September 2023 61,061
Charge for year 3,868
At 31 August 2024 64,929
NET BOOK VALUE
At 31 August 2024 21,919
At 31 August 2023 25,787

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 2
At 31 August 2024 2
NET BOOK VALUE
At 31 August 2024 2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Pink Cloud Ltd
Registered office: Seymour Chambers, 92 London Road, Liverpool, Merseyside, L3 5NW
Nature of business: Property Development
%
Class of shares: holding
Ordinary 100.00
31.8.24 31.8.23
£    £   
Aggregate capital and reserves 11 28,609
Profit for the year 17,902 14,094

Carpenter Investments Brunswick Park 2
Ltd (Registered number: 07855729)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 14,180,250
Revaluations 709,013
At 31 August 2024 14,889,263
NET BOOK VALUE
At 31 August 2024 14,889,263
At 31 August 2023 14,180,250

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2016 3,011,840
Valuation in 2017 (658,653 )
Valuation in 2018 27,179
Valuation in 2020 3,712,800
Valuation in 2022 305,000
Valuation in 2023 675,250
Valuation in 2024 709,013
Cost 7,106,834
14,889,263

If Investment property had not been revalued it would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 7,106,834 7,106,834

Investment Property was valued on an open market basis on 31 August 2024 by the directors. .

The directors have assessed the market value of the investment property at the end of the reporting period and compared it to the market value at the previous professional valuation. The market value of the investment property has been adjusted to reflect the directors assessment of the change in the fair value . The directors have extensive knowledge and experience in the local property market to enable them to be able to make this assessment.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 387,401 320,594
Other debtors 383,290 623,110
770,691 943,704

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 9,837 8,472
Taxation and social security 1,203 935
Other creditors 781,362 483,291
792,402 492,698

Carpenter Investments Brunswick Park 2
Ltd (Registered number: 07855729)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 7,731,000 7,731,000

11. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 7,731,000 7,731,000

Svenska Handelsbanken have a fixed charge over the property known as the freehold land edged red on plan 1 being land on the west side of grafton street liverpool comprising of all of the land registered under title number MS365750 and part of the land registered under title number MS365742 and registered at land registry under title number MS365750 and MS365742 (part).

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Gregory Newton FCCA (Senior Statutory Auditor)
for and on behalf of Douglas Fairless Partnership

13. ULTIMATE PARENT COMPANY

The ultimate parent company is Carpenter Investments Ltd.

The registered office of the parent is as follows.

Seymour Chambers
92 London Road
Liverpool
L3 5NW