Carpenters Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05418250 (England and Wales)

CARPENTERS PROPERTIES LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mrs E L Jaehme

M P Jaehme

SECRETARY:

Mrs E L Jaehme

REGISTERED OFFICE:

Carpenters Farm

Kenn Street

Kenn

Bristol

BS21 6TL

REGISTERED NUMBER:

05418250 (England and Wales)

ACCOUNTANTS:

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

FIXED ASSETS

Tangible assets

4

1,500,696

Investments

5

40

1,500,736

CURRENT ASSETS

Debtors

6

579,908

576,761

Cash at bank

15,757

16,269

595,665

593,030

CREDITORS

Amounts falling due within one year

7

1,018,104

1,029,900

NET CURRENT LIABILITIES

(422,439

)

(436,870

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,078,297

1,063,866

CREDITORS

Amounts falling due after more than one
year

8

(881,060

)

(881,060

)

PROVISIONS FOR LIABILITIES

(13,250

)

(13,250

)

NET ASSETS

183,987

169,556

CAPITAL AND RESERVES

Called up share capital

10

1,000

Fair value reserve

11

39,750

Retained earnings

11

143,237

128,806

SHAREHOLDERS' FUNDS

183,987

169,556

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 6 November 2025 and were signed on its behalf by:

M P Jaehme - Director

1.	STATUTORY INFORMATION

Carpenters Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The Financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the companies Act 2006. The financial statements have been prepared under the historical cost convention. There were no material departures from that standard.

Turnover

Turnover relates to rental income received and is recognised on a straight line basis over the term of the lease.

Tangible fixed assets

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

Office equipment

-

33.33% on cost

Motor vehicles

-

20% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Investment

Office

Motor

property

equipment

vehicles

Totals

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

1,500,696

957

2,500

1,504,153

DEPRECIATION

At 1 April 2024

and 31 March 2025

-

957

2,500

3,457

NET BOOK VALUE

At 31 March 2025

1,500,696

-

1,500,696

At 31 March 2024

1,500,696

-

1,500,696

Cost or valuation at 31 March 2025 is represented by:

Investment

Office

Motor

property

equipment

vehicles

Totals

£

Valuation in 2020

20,000

-

20,000

Valuation in 2022

33,000

-

33,000

Cost

1,447,696

957

2,500

1,451,153

1,500,696

957

2,500

1,504,153

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

Cost

1,447,696

Investment properties were valued on fair value basis on 31 March 2022 by the directors .

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2024

and 31 March 2025

40

NET BOOK VALUE

At 31 March 2025

40

At 31 March 2024

40

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

-

2,858

Amounts owed by participating interests

-

573,454

Amounts owed by associates

579,908

-

Other debtors

-

449

579,908

576,761

Amounts owed by associates are interest free loans repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other loans

762,305

780,000

Trade creditors

313

-

Amounts owed to participating interests

-

8,451

Amounts owed to associates

7,615

-

Social security and other taxes

4,041

1,046

Other creditors

216,012

190,512

Directors' current accounts

20,292

43,259

Accruals and deferred income

7,526

6,632

1,018,104

1,029,900

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans more 5 yrs non-inst

881,060

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

881,060

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

881,060

The following securities are in place:

First charge on 270 & 270a St Johns Lane and Flat 1 65 Shaldon Road.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

1,000

Ordinary

£1

1,000

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 April 2024

128,806

39,750

168,556

Profit for the year

14,431

At 31 March 2025

143,237

39,750

182,987

12.	RELATED PARTY DISCLOSURES

The balance owed to the directors at the start of the year was £43,259 and at the end of the year was £20,292, which are included in creditors.

13.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Carpenters Properties Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Carpenters Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Carpenters Properties Limited and state those matters that we have agreed to state to the Board of Directors of Carpenters Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Carpenters Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Carpenters Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Carpenters Properties Limited. You consider that Carpenters Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Carpenters Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

6 November 2025