Royal Carlton Estates Limited 05366786 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is property development. Digita Accounts Production Advanced 6.30.9574.0 true true 05366786 2023-09-01 2024-08-31 05366786 2024-08-31 05366786 bus:OrdinaryShareClass1 2024-08-31 05366786 core:CurrentFinancialInstruments 2024-08-31 05366786 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 05366786 bus:SmallEntities 2023-09-01 2024-08-31 05366786 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 05366786 bus:FilletedAccounts 2023-09-01 2024-08-31 05366786 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05366786 bus:RegisteredOffice 2023-09-01 2024-08-31 05366786 bus:Director1 2023-09-01 2024-08-31 05366786 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 05366786 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05366786 bus:Agent1 2023-09-01 2024-08-31 05366786 countries:AllCountries 2023-09-01 2024-08-31 05366786 2022-09-01 2023-08-31 05366786 2023-08-31 05366786 bus:OrdinaryShareClass1 2023-08-31 05366786 core:CurrentFinancialInstruments 2023-08-31 05366786 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05366786

Royal Carlton Estates Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Royal Carlton Estates Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Royal Carlton Estates Limited

Company Information

Director

W Leith

Registered office

C/o Bissell & Brown
Charter House
56 High Street
Sutton Coldfield
West Midlands
B72 1UJ

Accountants

Bissell & Brown Midlands Ltd
Chartered Certified Accountants
Charter House
56 High Street
Sutton Coldfield
West Midlands
B72 1UJ

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Royal Carlton Estates Limited
for the Year Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Royal Carlton Estates Limited for the year ended 31 August 2024 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Royal Carlton Estates Limited, as a body, in accordance with the terms of our engagement letter dated 10 March 2022. Our work has been undertaken solely to prepare for your approval the accounts of Royal Carlton Estates Limited and state those matters that we have agreed to state to the Board of Directors of Royal Carlton Estates Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/
technical-resources-search/2009/october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Royal Carlton Estates Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Royal Carlton Estates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Royal Carlton Estates Limited. You consider that Royal Carlton Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Royal Carlton Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Bissell & Brown Midlands Ltd
Chartered Certified Accountants
Charter House
56 High Street
Sutton Coldfield
West Midlands
B72 1UJ

29 May 2025

 

Royal Carlton Estates Limited

(Registration number: 05366786)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

1,528,026

1,528,026

Debtors

5

60

-

Cash at bank and in hand

 

490

838

 

1,528,576

1,528,864

Creditors: Amounts falling due within one year

6

(1,602,415)

(1,599,384)

Net liabilities

 

(73,839)

(70,520)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(73,840)

(70,521)

Shareholders' deficit

 

(73,839)

(70,520)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the directors' report and the Profit and Loss Account.

Approved and authorised by the director on 14 May 2025
 

.........................................
W Leith
Director

 

Royal Carlton Estates Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
C/o Bissell & Brown
Charter House
56 High Street
Sutton Coldfield
West Midlands
B72 1UJ
United Kingdom

The principal place of business is:
Chateau Rocquebrune
La Route De St. Aubin
St. Helier
Jersey
JE2 3LL
United Kingdom

These financial statements were authorised for issue by the director on 14 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis on the assumption of the continued support of its directors and shareholders.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Royal Carlton Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Royal Carlton Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

4

Stocks

2024
£

2023
£

Other inventories

1,528,026

1,528,026

5

Debtors

Current

2024
£

2023
£

Other debtors

60

-

 

60

-

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6.1

1,581,438

1,577,873

Taxation and social security

 

-

534

Accruals and deferred income

 

3,190

3,190

Other creditors

 

17,787

17,787

 

1,602,415

1,599,384

6.1

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

1,581,438

1,577,873

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1