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Registered number: 07740440
CARTONA PARK ESTATES LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024
Fletcher & Partners
Chartered Accountants
Salisbury
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CARTONA PARK ESTATES LTD
REGISTERED NUMBER: 07740440
BALANCE SHEET
AS AT 31 DECEMBER 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Page 1
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CARTONA PARK ESTATES LTD
REGISTERED NUMBER: 07740440
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
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CARTONA PARK ESTATES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Cartona Park Estates Limited is a private company limited by shares, incorporated in England and Wales, registered number 07740440. Its registered office is 6 Green Lane Close, Ford, Salisbury SP4 6DQ.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue comprises rents receivable and is recognised when the rents fall due.
Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short term creditors are measured at the transaction price.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Page 3
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CARTONA PARK ESTATES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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The average monthly number of employees, including directors, during the year was 3 (2023 - 3).
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Freehold investment property
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The 2024 valuations were made by the directors, on an open market value for existing use basis.
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Cash and cash equivalents
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Page 4
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CARTONA PARK ESTATES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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The following liabilities were secured:
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Details of security provided:
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Property at 14 Kingsway House, Wilton.
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Creditors: Amounts falling due after more than one year
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The following liabilities were secured:
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Details of security provided:
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Property at 14 Kingsway House, Wilton.
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The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:
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The original mortgage was a loan of 25 years, the current loan has a 5 year fixed term at 3.39%.
Page 5
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CARTONA PARK ESTATES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Income from fixed asset investments
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Profit/(loss) on disposal of investments
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Fair value gains and losses
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Income from fixed asset investments
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Profit.(loss) on disposal of investments
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Fair value gains and losses
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Related party transactions
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The directors provide finance to the company via interest free loans that are repayable on demand. Amounts owed to the directors at 31 December 2024 were £60,940 (2023 £60,940).
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Page 6
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