Carpe Diem Network Limited
Unaudited Financial Statements
For the year ended 31 July 2024
Pages for Filing with Registrar
Company Registration No. 12091808 (England and Wales)
Carpe Diem Network Limited
Company Information
Directors
N. A. Thomet
T. G. B. Mandana
Company number
12091808
Registered office
Betchworth House
57-65 Station Road
Redhill
Surrey
RH1 1DL
Accountants
Moore Kingston Smith LLP
Betchworth House
57-65 Station Road
Redhill
Surrey
RH1 1DL
Carpe Diem Network Limited
Balance Sheet
As at 31 July 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
72,500
72,500
Creditors: amounts falling due within one year
4
(67,207)
(68,440)
Net current liabilities
(67,207)
(68,440)
Total assets less current liabilities
5,293
4,060
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
5,292
4,059
Total equity
5,293
4,060
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 11 June 2025 and are signed on its behalf by:
N. A. Thomet
Director
Company Registration No. 12091808
Carpe Diem Network Limited
Notes to the Financial Statements
For the year ended 31 July 2024
Page 2
1
Accounting policies
Company information
Carpe Diem Network Limited is a private company limited by shares incorporated in England and Wales. The registered office is Betchworth House, 57-65 Station Road, Redhill, Surrey, RH1 1DL.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration receivable for the company's boat lettings.
1.3
Fixed asset investments
The fixed asset investment is measured at cost less provision for impairment. The investment is assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
1.4
Financial instruments
The company only has basic financial instruments measured at amortised cost. The company has no financial instruments that are classified as ‘other’ or basic instruments measured at fair value.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.6
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.7
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
Carpe Diem Network Limited
Notes to the Financial Statements (Continued)
For the year ended 31 July 2024
Page 3
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 0 (2023: 0).
3
Fixed asset investments
2024
2023
£
£
Other investments
72,500
72,500
Movements in fixed asset investments
Other
£
Cost or valuation
At 1 August 2023 & 31 July 2024
72,500
Carrying amount
At 31 July 2024
72,500
At 31 July 2023
72,500
4
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
289
952
Other creditors
63,744
64,298
Accruals and deferred income
3,174
3,190
67,207
68,440
5
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary share of £1
1
1
1
1
6
Related party transactions
During the year the company charged N. A. Thomet, a director of the company, £33,676 (2023: £34,272) for use of the boat at market value for eight weeks. At the year end, the company owed N. A. Thomet £63,744 (2023: £64,298).