Carters Property Management Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04981024

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		189,000		-
Tangible Assets	5		5,841		7,788

			194,841		7,788
CURRENT ASSETS
Debtors	6	1,006,832		1,161,003
Cash at bank and in hand		177,262		212,481

		1,184,094		1,373,484
Creditors: Amounts Falling Due Within One Year	7	(223,954 )		(271,785 )

NET CURRENT ASSETS (LIABILITIES)			960,140		1,101,699

TOTAL ASSETS LESS CURRENT LIABILITIES			1,154,981		1,109,487

Creditors: Amounts Falling Due After More Than One Year	8		(29,961 )		(34,164 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,266 )		(1,541 )

NET ASSETS			1,123,754		1,073,782

CAPITAL AND RESERVES
Called up share capital	9		150		120
Profit and Loss Account			1,123,604		1,073,662

SHAREHOLDERS' FUNDS			1,123,754		1,073,782

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Carters Property Management Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S G Rillstone

Director

26/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Carters Property Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04981024 . The registered office is 6b Parkway, Porters Wood, St Albans, Hertfordshire, AL3 6PA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% on reducing balance

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously

2.6. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

2.7. Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2023: 3)

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Carters Property Management Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	-
Additions	210,000

As at 31 December 2024	210,000

Amortisation
As at 1 January 2024	-
Provided during the period	21,000

As at 31 December 2024	21,000

Net Book Value
As at 31 December 2024	189,000

As at 1 January 2024	-

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	10,391

As at 31 December 2024	10,391

Depreciation
As at 1 January 2024	2,603
Provided during the period	1,947

As at 31 December 2024	4,550

Net Book Value
As at 31 December 2024	5,841

As at 1 January 2024	7,788

6. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	847	-
Other debtors	40,000	60,000
Other taxes and social security	233	-
Amounts owed by group undertakings	965,752	1,101,003

	1,006,832	1,161,003

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Carters Property Management Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	2,364	4,236
Bank loans and overdrafts	10,000	10,000
Corporation tax	36,802	61,794
Other taxes and social security	-	1,206
VAT	16,332	14,535
Other creditors	154,530	148,720
Pension Control	-	443
Accruals and deferred income	3,090	4,090
Directors' loan accounts	836	26,761

	223,954	271,785

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	4,136	14,167
Amounts owed to group undertakings	25,825	19,997

	29,961	34,164

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	150	120

10. Related Party Transactions

During the year, the company provided financial support to Carters Group Limited, a company in which all directors of Carters Property Management Ltd are also directors of Carters Group Limited. The balance owed from Carters Group Limited as at 31 December 2024 is £955,516 (2023: £1,100,722).

In addition, the company also received financial support from GRMP Limited, a company in which Mr S G Rillstone is also a director. The balance owed to GRMP Limited as at 31 December 2024 is £25,825 (2023: £19,997).

In addition, the company also received financial support from SGRB Limited, a company in which Mr S G Rillstone is also a director. The balance owed from SGRB Limited as at 31 December 2024 is £2,298 (2023: £280).

In addition, the company also received financial support from RAB Limited, a company in which Mr S G Rillstone is also a director. The balance owed from RAB Limited as at 31 December 2024 is £7,937 (2023: £Nil).

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