CARPENTER'S(DULWICH),LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
Company Registration Number: 00363079
CARPENTER'S(DULWICH),LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CONTENTS PAGES
Company information 1
Balance sheet 2 to 3
Notes to the financial statements 4 to 9
CARPENTER'S(DULWICH),LIMITED
COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025
DIRECTORS
Mr T Carpenter
Mrs K Carpenter
SECRETARY
The company does not have an appointed secretary
REGISTERED OFFICE
C9 Glyme Court
Oxford Office Village
Langford Lane
Kidlington
Oxford
OX5 1LQ
COMPANY REGISTRATION NUMBER
00363079 England and Wales
CARPENTER'S(DULWICH),LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
Notes 2025 2024
£ £
FIXED ASSETS
Tangible assets 5 982 2,819
Investments 6 870,000 1,615,000
870,982 1,617,819
CURRENT ASSETS
Debtors 7 376,787 473,070
Cash at bank and in hand 86,645 -
463,432 473,070
CREDITORS: Amounts falling due within one year 8 64,641 1,080,020
NET CURRENT ASSETS / (LIABILITIES) 398,791 (606,950)
TOTAL ASSETS LESS CURRENT LIABILITIES 1,269,773 1,010,869
CREDITORS: Amounts falling due after more than one year 9 543,829 -
Provisions for liabilities and charges 153,112 304,740
NET ASSETS 572,832 706,129
CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Distributable profit and loss account (73,158) (201,109)
Non distributable profit and loss account 643,990 905,238
SHAREHOLDER'S FUNDS 572,832 706,129
CARPENTER'S(DULWICH),LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.
Signed on behalf of the board of directors
Mr T Carpenter Mrs K Carpenter
Director Director
Date approved by the board: 13 November 2025
CARPENTER'S(DULWICH),LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1 GENERAL INFORMATION
Carpenter's(Dulwich),Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
C9 Glyme Court
Oxford Office Village
Langford Lane
Kidlington
Oxford
OX5 1LQ
The financial statements are presented in Sterling, which is the functional currency of the company.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of preparation of financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
Going concern
The accounts have been drawn up on the going concern basis following the directors' assessment of the company’s ability to trade for at least 12 months from the date these accounts have been approved. This decision has been made having taken into account the continued losses in the year to 31 March 2025. In conclusion, whilst there is some uncertainty, the directors do not believe there is a material uncertainty which casts significant doubt on the company’s ability to continue to trade.
If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.
Revenue recognition
Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of building services and rental income as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.
The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.
CARPENTER'S(DULWICH),LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Tangible fixed assets
Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.
Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.
Office equipment Straight line basis at 25% per annum
Furniture and fittings Straight line basis at 25% per annum
On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.
Subsequently, investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss account in the period in which they arise.
Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
CARPENTER'S(DULWICH),LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.
If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Deferred tax relating to land and investment properties that is measured at fair value is measured using the tax rates and allowances that apply to the sale of the asset.
Current and deferred tax assets and liabilities are not discounted.
CARPENTER'S(DULWICH),LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
3 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
The investment property was valued by Mr T Carpenter, a director of the company, on 31 March 2025. The market value of the property is considered to be £870,000.
4 EMPLOYEES
The average number of persons employed by the company (including directors) during the year was:
2025 2024
Average number of employees 2 2
5 TANGIBLE ASSETS
Office equipment Furniture and fittings Total
£ £ £
Cost
At 1 April 2024 1,069 4,187 5,256
Additions 791 - 791
Disposals - (4,187) (4,187)
At 31 March 2025 1,860 - 1,860
Accumulated depreciation and impairments
At 1 April 2024 594 1,843 2,437
Charge for year 284 - 284
Disposals - (1,843) (1,843)
At 31 March 2025 878 - 878
Net book value
At 1 April 2024 475 2,344 2,819
At 31 March 2025 982 - 982
CARPENTER'S(DULWICH),LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
6 FIXED ASSET INVESTMENTS
Investment property
£
Cost
At 1 April 2024 1,615,000
Disposals (745,000)
At 31 March 2025 870,000
Net book value
At 1 April 2024 1,615,000
At 31 March 2025 870,000
In the opinion of the directors, the investment property has been stated at fair value.
7 DEBTORS
2025 2024
£ £
Trade debtors 29,653 -
Prepayments and accrued income 1,387 4,263
Other debtors 345,747 468,807
376,787 473,070
8 CREDITORS: Amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts - 1,042,130
Trade creditors 6,599 4,320
Taxation and social security 2,450 20,193
Accruals and deferred income 22,886 3,755
Other creditors 32,706 9,622
64,641 1,080,020
CARPENTER'S(DULWICH),LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
9 CREDITORS: Amounts falling due after more than one year
2025 2024
£ £
Bank loans and overdrafts 543,829 -
Included in the amounts falling due after more than one year are the following amounts which are due in more
than five years:
2025 2024
£ £
Bank loans and overdrafts 543,829 -
10 SECURED DEBTS
The company has a bank loan with Interbay Limited which has a fixed and floating charge over the freehold property and income generated from the freehold property.
11 RELATED PARTY TRANSACTIONS
The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members:
Beauly Estates Ltd Parent company by virtue of 100% shareholding
During the year, the following transactions with related parties took place:
Mr T & Mrs K Carpenter
Directors 2025 2024
£ £
Amounts owed to the directors 17,529 4,462
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