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REGISTERED NUMBER: 01568094 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Carmichael Property Developments Limited

Carmichael Property Developments Limited (Registered number: 01568094)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Carmichael Property Developments Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: A A Carmichael
Mrs A P Carmichael
T J Carmichael
J A Carmichael





SECRETARY: Mrs A P Carmichael





REGISTERED OFFICE: Carmichael House
The Green
Inkberrow
Worcestershire
WR7 4DZ





REGISTERED NUMBER: 01568094 (England and Wales)





ACCOUNTANTS: Derek Young & Co Accountants LLP
Chartered Accountants
Estate House
Evesham Street
Redditch
Worcestershire
B97 4HP

Carmichael Property Developments Limited (Registered number: 01568094)

Abridged Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,306,894 1,378,978
Investments 5 - 5,633
1,306,894 1,384,611

CURRENT ASSETS
Stocks 1,491,021 1,157,698
Debtors 30,008 33,034
Cash at bank and in hand 30,460 87,538
1,551,489 1,278,270
CREDITORS
Amounts falling due within one year 844,726 695,574
NET CURRENT ASSETS 706,763 582,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,013,657

1,967,307

CREDITORS
Amounts falling due after more than one
year

6

414,718

410,560
NET ASSETS 1,598,939 1,556,747

CAPITAL AND RESERVES
Called up share capital 8 31,280 31,280
Share premium 71,700 71,700
Revaluation reserve 9 155,522 155,522
Retained earnings 1,340,437 1,298,245
SHAREHOLDERS' FUNDS 1,598,939 1,556,747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Carmichael Property Developments Limited (Registered number: 01568094)

Abridged Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 June 2025 and were signed on its behalf by:





A A Carmichael - Director


Carmichael Property Developments Limited (Registered number: 01568094)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Carmichael Property Developments 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
Turnover represents amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so derived.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Carmichael Property Developments Limited (Registered number: 01568094)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Investment properties
Investment properties are revalued annually by the directors and no depreciation is charged.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 October 2023 1,494,576
Disposals (64,423 )
At 30 September 2024 1,430,153
DEPRECIATION
At 1 October 2023 115,598
Charge for year 7,661
At 30 September 2024 123,259
NET BOOK VALUE
At 30 September 2024 1,306,894
At 30 September 2023 1,378,978

Cost or valuation at 30 September 2024 is represented by:

Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 2005 155,522 - - - 155,522
Cost 1,128,394 71,341 69,819 5,077 1,274,631
1,283,916 71,341 69,819 5,077 1,430,153

If Investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 299,478 299,478

Investment properties were valued on an open market basis on 16 December 2005 by the directors .

Carmichael Property Developments Limited (Registered number: 01568094)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 October 2023
and 30 September 2024 69,819
DEPRECIATION
At 1 October 2023 40,364
Charge for year 7,364
At 30 September 2024 47,728
NET BOOK VALUE
At 30 September 2024 22,091
At 30 September 2023 29,455

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 October 2023 5,633
Disposals (5,633 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 5,633

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Carmichael Family Trust 302,360 302,360

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 551,572 511,414

The bank have a fixed and floating charge dated 17th May 2016 to secure the bank loan.
Folk Nominee Limited have a charge dated 11 September 2023 over Freehold Property.

Carmichael Property Developments Limited (Registered number: 01568094)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
31,280 Ordinary £1 31,280 31,280

9. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 155,522

10. ULTIMATE CONTROLLING PARTY

The controlling parties throughout the current and previous financial year were Mr A A Carmichael and Mrs A P Carmichael by virtue of their 50.03% holding of the issued share capital of the company.