REGISTERED NUMBER: 08852518 (England and Wales)

Sevenoaks Carlton Mews Limited

Financial Statements

for the Year Ended 31 January 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

Terence Crawley

Registered office:

3rd Floor

86 - 90 Paul Street

London

EC2A 4NE

Registered number:

08852518 (England and Wales)

Fixed assets

Tangible assets

4

422

832

Investment property

5

1,850,000

2,450,000

1,850,422

2,450,832

Current assets

Debtors

6

16,604

8,537

Cash at bank

34,475

3,458

51,079

11,995

Creditors

Amounts falling due within one year

7

1,414,234

2,010,228

Net current liabilities

(1,363,155

)

(1,998,233

)

Total assets less current liabilities

487,267

452,599

Provisions for liabilities

52,729

52,729

Net assets

434,538

399,870

Capital and reserves

Called up share capital

8

100

100

Retained earnings

9

434,438

399,770

Shareholders' funds

434,538

399,870

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 29 September 2025 and were signed by:

Terence Crawley - Director

1.	Statutory information

Sevenoaks Carlton Mews Limited is a private company, limited by shares, registered in England and Wales. The Company's registered number and registered office can be found on the Company's 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.

The functional and presentational currency is the pound sterling (£). The figures in these financial statements are rounded to the nearest £

Going concern

The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the Company's ability to continue as a going concern. Thus the director has continued to adopt the going concern basis of accounting in preparing these financial statements.

Turnover

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

Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Investment property

Impairment of assets

At each reporting date the Company reviews the carrying value of its assets to determine whether there is any indication that these assets have suffered an impairment loss. If any such indication exists the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss.

The recoverable amount of an asset is the higher of fair value less costs to sell and value in use. Value in use is the present value of the future cash flows expected to be derived from the asset, or cash generating unit. The present value calculation involves estimating the future cash inflows and outflows to be derived from continuing use of the asset, and from its ultimate disposal, applying an appropriate discount rate to those future cash flows.

Where the recoverable amount of an asset is less than the carrying amount, an impairment loss is recognised immediately in profit or loss. An impairment loss recognised for all assets is reversed in a subsequent period if, and only if, the reasons for the impairment loss have ceased to apply. Impairment losses are charged to profit or loss in administration expenses.

Critical accounting judgements and estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(a) Critical judgements in applying the Company's accounting policies

The Company makes a number of assessments which require judgement in preparing the accounts and can have a significant effect upon the financial statements. However due to the straight forward nature of the Company's business, management does not believe that there are any judgements that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

(b) Key accounting estimates and assumptions

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. However due to the straight forward nature of the Company's business, management does not believe that there are any estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Financial instruments

The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables, and cash and bank balances, are initially recognised at transaction price.

Trade receivables are assets due for services that have been acquired in the ordinary course of business from suppliers. Accounts receivables are classified as current assets if receipt is expected within one year or less. If not, they are presented as non-current assets. Trade receivables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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

3.	Employees and directors

The average number of employees during the year was NIL (2024 - NIL).

4.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 February 2024

and 31 January 2025

1,242

Depreciation

At 1 February 2024

410

Charge for year

410

At 31 January 2025

820

Net book value

At 31 January 2025

422

At 31 January 2024

832

5.	Investment property

Total

£

Fair value

At 1 February 2024

2,450,000

Disposals

(600,000

)

At 31 January 2025

1,850,000

Net book value

At 31 January 2025

1,850,000

At 31 January 2024

2,450,000

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

2,378

-

Amounts owed by group undertakings

8,863

-

Prepayments and accrued income

5,363

8,537

16,604

8,537

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

3,000

-

Directors' current accounts

1,408,834

2,007,541

Accruals and deferred income

1,400

1,887

Accrued expenses

1,000

800

1,414,234

2,010,228

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.

Reserves

Retained

earnings

£

At 1 February 2024

399,770

Profit for the year

34,668

At 31 January 2025

434,438

10.	Related party disclosures

At the balance sheet date, the Company owed Terence Crawley, the director, £1,408,834 (2024: £2,007,541).

At the balance sheet date, Carlton Mews Freehold Limited owed the Company, £8,863 (2024: £NIL). The Company is related by virtue of a common director.