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REGISTERED NUMBER: 10570848 (England and Wales)














Financial Statements for the Year Ended 31 August 2024

for

Carpenter Investments Station Road
Limited

Carpenter Investments Station Road
Limited (Registered number: 10570848)






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 Station Road
Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: A J Beer
D C Brewitt





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





REGISTERED NUMBER: 10570848 (England and Wales)





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

Carpenter Investments Station Road
Limited (Registered number: 10570848)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 295,116 347,515
Investment property 5 37,788,188 35,988,750
38,083,304 36,336,265

CURRENT ASSETS
Debtors 6 923,551 862,043
Cash at bank 36,096 19,331
959,647 881,374
CREDITORS
Amounts falling due within one year 7 15,352,705 18,980,036
NET CURRENT LIABILITIES (14,393,058 ) (18,098,662 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,690,246

18,237,603

CREDITORS
Amounts falling due after more than one year 8 (18,000,000 ) (15,000,000 )

PROVISIONS FOR LIABILITIES (1,203,868 ) (754,009 )
NET ASSETS 4,486,378 2,483,594

CAPITAL AND RESERVES
Called up share capital 1 1
Non-distributable reserves 4,519,603 3,170,025
Retained earnings (33,226 ) (686,432 )
SHAREHOLDERS' FUNDS 4,486,378 2,483,594

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 Station Road
Limited (Registered number: 10570848)

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

1. STATUTORY INFORMATION

Carpenter Investments Station Road 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 as modified by the revaluation of certain assets.

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.

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 - 33% on cost and 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.

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.

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.


Carpenter Investments Station Road
Limited (Registered number: 10570848)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 492,372
DEPRECIATION
At 1 September 2023 144,857
Charge for year 52,399
At 31 August 2024 197,256
NET BOOK VALUE
At 31 August 2024 295,116
At 31 August 2023 347,515

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 35,988,750
Revaluations 1,799,438
At 31 August 2024 37,788,188
NET BOOK VALUE
At 31 August 2024 37,788,188
At 31 August 2023 35,988,750

Carpenter Investments Station Road
Limited (Registered number: 10570848)

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

5. INVESTMENT PROPERTY - continued

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2020 189,327
Valuation in 2021 7,402,745
Valuation in 2022 (5,079,122 )
Valuation in 2023 1,713,750
Valuation in 2024 1,799,438
Cost 31,762,050
37,788,188

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

31.8.24 31.8.23
£    £   
Cost 31,762,050 31,762,050

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.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 856,396 816,444
Other debtors 67,155 45,599
923,551 862,043

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Payments on account 755 -
Trade creditors 79,273 32,259
Taxation and social security - 57
Other creditors 15,272,677 18,947,720
15,352,705 18,980,036

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 18,000,000 15,000,000

Carpenter Investments Station Road
Limited (Registered number: 10570848)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 18,000,000 15,000,000

Handelsbanken PLC have a charge over that freehold property known as 1-3 station road, warrington and land and buildings on the south side (WA4 2AD), registered at land registry under the title number LA229489.

10. 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

11. 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