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REGISTERED NUMBER: 10045911 (England and Wales)














Financial Statements for the Year Ended 31 August 2024

for

Carpenter Investments Stockport Ltd

Carpenter Investments Stockport Ltd (Registered number: 10045911)






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 Stockport Ltd

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: 10045911 (England and Wales)





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

Carpenter Investments Stockport Ltd (Registered number: 10045911)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 101,817 -
Investment property 5 27,949,704 12,644,270
28,051,521 12,644,270

CURRENT ASSETS
Debtors 6 - 740,000
Cash at bank 7,024 9,142
7,024 749,142
CREDITORS
Amounts falling due within one year 7 31,486,100 13,814,042
NET CURRENT LIABILITIES (31,479,076 ) (13,064,900 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,427,555

)

(420,630

)

CREDITORS
Amounts falling due after more than one year 8 - 1,693,536
NET LIABILITIES (3,427,555 ) (2,114,166 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (3,427,556 ) (2,114,167 )
SHAREHOLDERS' FUNDS (3,427,555 ) (2,114,166 )

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 Stockport Ltd (Registered number: 10045911)

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

1. STATUTORY INFORMATION

Carpenter Investments Stockport 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.

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.

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.

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).

Carpenter Investments Stockport Ltd (Registered number: 10045911)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 104,798
At 31 August 2024 104,798
DEPRECIATION
Charge for year 2,981
At 31 August 2024 2,981
NET BOOK VALUE
At 31 August 2024 101,817

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 12,644,270
Additions 15,305,434
At 31 August 2024 27,949,704
NET BOOK VALUE
At 31 August 2024 27,949,704
At 31 August 2023 12,644,270

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors - 740,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 13,811,476 -
Trade creditors 3,291,076 1,389,366
Other creditors 14,383,548 12,424,676
31,486,100 13,814,042

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1,693,536

Carpenter Investments Stockport Ltd (Registered number: 10045911)

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 13,811,476 -

Close Brothers have a charge over Freehold property known as land on the south side of brinksway, stockport, unit 11, springmount mill, northgate road, stockport and unit 18, northgate road, stockport. Leasehold property known as land and buildings on the south side of brinksway, and unit 11, springmount mill, northgate road, stockport.

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. CAPITAL COMMITMENTS
31.8.24 31.8.23
£    £   
Contracted but not provided for in the
financial statements 11,600,000 21,074,970

Capital commitment relates to investment property still under construction.

12. 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