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REGISTERED NUMBER: 11625543 (England and Wales)















CARTER ASHFORD LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






CARTER ASHFORD LTD (REGISTERED NUMBER: 11625543)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARTER ASHFORD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mrs H L Ashford
J D Ashford





REGISTERED OFFICE: La Chaumiere
The Holt
Hare Hatch
Reading
RG10 9TG





REGISTERED NUMBER: 11625543 (England and Wales)





ACCOUNTANTS: DSC
Chartered Accountants
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

CARTER ASHFORD LTD (REGISTERED NUMBER: 11625543)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,985 876
Investment property 5 945,000 910,346
949,985 911,222

CURRENT ASSETS
Debtors 6 9,013 -
Cash at bank 2,117 2,571
11,130 2,571
CREDITORS
Amounts falling due within one year 7 219,941 212,577
NET CURRENT LIABILITIES (208,811 ) (210,006 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

741,174

701,216

CREDITORS
Amounts falling due after more than one
year

8

(603,017

)

(603,017

)

PROVISIONS FOR LIABILITIES (20,970 ) (14,386 )
NET ASSETS 117,187 83,813

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 89,398 61,328
Retained earnings 27,787 22,483
117,187 83,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

CARTER ASHFORD LTD (REGISTERED NUMBER: 11625543)

BALANCE SHEET - continued
31 OCTOBER 2024


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 11 July 2025 and were signed on its behalf by:




J D Ashford - Director



Mrs H L Ashford - Director


CARTER ASHFORD LTD (REGISTERED NUMBER: 11625543)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Carter Ashford 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and Fittings - 25% on straight line basis
Computer equipment - 25% on straight line basis

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.

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).

CARTER ASHFORD LTD (REGISTERED NUMBER: 11625543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 6,957
Additions 5,455
At 31 October 2024 12,412
DEPRECIATION
At 1 November 2023 6,081
Charge for year 1,346
At 31 October 2024 7,427
NET BOOK VALUE
At 31 October 2024 4,985
At 31 October 2023 876

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 910,346
Revaluations 34,654
At 31 October 2024 945,000
NET BOOK VALUE
At 31 October 2024 945,000
At 31 October 2023 910,346

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2019 56,476
Valuation in 2020 (4,200 )
Valuation in 2022 23,437
Valuation in 2024 34,654
Cost 834,633
945,000

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

2024 2023
£    £   
Cost 834,633 834,633

Investment properties were valued on an open market basis basis on 31 October 2024 by the professionally qualified directors .

CARTER ASHFORD LTD (REGISTERED NUMBER: 11625543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 9,013 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,144 3,128
Other creditors 217,797 209,449
219,941 212,577

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 603,017 603,017

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 603,017 603,017

9. RESERVES
Revaluation
reserve
£   
At 1 November 2023 61,328
Revaluation of properties 34,654
Deferred tax on revaluation of
properties (6,584 )

At 31 October 2024 89,398

10. OTHER FINANCIAL COMMITMENTS

The total future minimum lease payments under non-cancellable operating leases are as follows:

Land and buildings
20242023
£   £   
Expiry date:

Less than one year8,750-
Two to five years140,000-
Over five years347,083-

Total495,833 -