Carlton Antiques Limited 05246646 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is Retail sale of antiques including antique books in stores Digita Accounts Production Advanced 6.30.9574.0 true 05246646 2024-04-01 2025-03-31 05246646 2025-03-31 05246646 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2025-03-31 05246646 core:RetainedEarningsAccumulatedLosses 2025-03-31 05246646 core:ShareCapital 2025-03-31 05246646 core:CurrentFinancialInstruments 2025-03-31 05246646 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 05246646 core:FurnitureFittingsToolsEquipment 2025-03-31 05246646 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2025-03-31 05246646 bus:SmallEntities 2024-04-01 2025-03-31 05246646 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05246646 bus:FilletedAccounts 2024-04-01 2025-03-31 05246646 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05246646 bus:RegisteredOffice 2024-04-01 2025-03-31 05246646 bus:Director1 2024-04-01 2025-03-31 05246646 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-04-01 2025-03-31 05246646 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05246646 core:FurnitureFittings 2024-04-01 2025-03-31 05246646 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 05246646 6 2024-04-01 2025-03-31 05246646 countries:EnglandWales 2024-04-01 2025-03-31 05246646 2024-03-31 05246646 core:FurnitureFittingsToolsEquipment 2024-03-31 05246646 2023-04-01 2024-03-31 05246646 2024-03-31 05246646 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-03-31 05246646 core:RetainedEarningsAccumulatedLosses 2024-03-31 05246646 core:ShareCapital 2024-03-31 05246646 core:CurrentFinancialInstruments 2024-03-31 05246646 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05246646 core:FurnitureFittingsToolsEquipment 2024-03-31 05246646 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05246646

Carlton Antiques Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Carlton Antiques Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Carlton Antiques Limited

(Registration number: 05246646)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

           

Fixed assets

   

 

Tangible assets

4

 

2,369

 

1,270

Current assets

   

 

Stocks

5

3,608

 

3,752

 

Debtors

6

255

 

242

 

Cash at bank and in hand

 

963

 

3,994

 

 

4,826

 

7,988

 

Creditors: Amounts falling due within one year

7

(7,085)

 

(6,794)

 

Net current (liabilities)/assets

   

(2,259)

 

1,194

Net assets

   

110

 

2,464

Capital and reserves

   

 

Called up share capital

8

100

 

100

 

Retained earnings

10

 

2,364

 

Shareholders' funds

   

110

 

2,464

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 July 2025 and signed on its behalf by:
 

.........................................
A M Othick
Director

 

Carlton Antiques Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
York House
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PE

The principal place of business is:
2nd Floor
Salts Mill
Victoria Road
Saltaire
West Yorkshire
BD18 3LA

These financial statements were authorised for issue by the Board on 18 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when (a) the significant risks and rewards of ownership have been transferred to the buyer; (b) the company retains no continuing involvement or control over the goods; (c) the amount of revenue can be measured reliably and (d) it is probable that future economic benefits will flow to the entity.

 

Carlton Antiques Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Government grants

Grants are measured at the fair value of the asset received or receivable.

Grants relating to revenue shall be recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.


Grants relating to assets shall be recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred it shall be recognised as deferred income and not deducted from the carrying amount of the asset.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Carlton Antiques Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Carlton Antiques Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Fixtures and fittings
 £

Total
£

Cost or valuation

At 1 April 2024

10,409

10,409

Additions

1,750

1,750

At 31 March 2025

12,159

12,159

Depreciation

At 1 April 2024

9,139

9,139

Charge for the year

651

651

At 31 March 2025

9,790

9,790

Carrying amount

At 31 March 2025

2,369

2,369

At 31 March 2024

1,270

1,270

5

Stocks

2025
£

2024
£

Other stocks

3,608

3,752

6

Debtors

Current

2025
£

2024
£

Prepayments

255

242

 

255

242

 

Carlton Antiques Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

 

Loans and borrowings

14

627

Trade creditors

 

-

240

Taxation and social security

 

5,023

4,010

Accruals and deferred income

 

2,048

1,917

 

7,085

6,794

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Related party transactions

Expenditure with and payables to related parties

2025

Key management
£

Amounts payable to related party

14

2024

Key management
£

Amounts payable to related party

627