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CARNATIC DEVELOPMENT LTD

Registered Number
12335252
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

CARNATIC DEVELOPMENT LTD
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

BURNS, John Paul
CRICKETT, Kevin James
MORGAN, Scott Benjamin

Registered Address

Cvam Ltd
Rhyl Road
Denbigh
LL16 5SU

Registered Number

12335252 (England and Wales)
CARNATIC DEVELOPMENT LTD
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors10,394,1497,198,413
Cash at bank and on hand14,07415,664
10,408,2237,214,077
Creditors amounts falling due within one year3(10,408,123)(7,213,976)
Net current assets (liabilities)100101
Total assets less current liabilities100101
Net assets100101
Capital and reserves
Called up share capital100100
Profit and loss account-1
Shareholders' funds100101
The financial statements were approved and authorised for issue by the Board of Directors on 29 August 2025, and are signed on its behalf by:
BURNS, John Paul
Director
CRICKETT, Kevin James
Director
MORGAN, Scott Benjamin
Director

Registered Company No. 12335252
CARNATIC DEVELOPMENT LTD
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.Average number of employees

20242023
Average number of employees during the year55
3.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables319,679123,764
Other creditors10,087,6947,088,712
Accrued liabilities and deferred income7501,500
Total10,408,1237,213,976
Other Creditors A company that shares two directors, A Stephenson and N Watkins. During the year CVAM Limited paid expenses totalling £2,998,982 (2023: £3,461,315) on behalf of Carnatic Development Limited. As at 30th November 2024, a total of £9,583,214 (2023: £6,584,232) was due to CVAM Limited. The property at 5 Carnatic Road, Liverpool, L18 8BY has a fixed and floating charge which covers all the property or undertaking of the company, dates 19 March 2020. The legal charge is between CVAM Limited and Carnatic Development Limited.
4.Controlling party
Ultimate control lies with the directors who together own the total amount of issued share capital in its entirety.