The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Carrwood Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Copper Room, Deva City Office Park, Trinity Way, Manchester, M3 7BG.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts on the basis that the group, of which this is the parent, qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

At the time of approving the financial statements the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.true

Turnover represents amounts receivable for administration and management fees from subsidiary undertakings net of VAT.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets, including investments in Gold Kruggerands, paintings, carpets, silver bullion and investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in paintings, carpets, silver bullion and equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The average monthly number of persons (including directors) employed by the company during the year was 1 (2024 - 1).

Unlisted investments comprises of Paintings and Carpets. The Paintings and Carpets are stated at their historical cost price, being £168,131 and £11,522 respectively.

Details of the company's subsidiaries at 30 April 2025 are as follows:

Registered office addresses (all UK unless otherwise indicated):

Turnover of £53,500 (2024: £53,500) comprises of administration and management fees receivable for the year as follows: £2,500 (2024: £2,500) from Pinelarch Limited, £50,000 (2024: £50,000) from Plantation Investments Limited and £1,000 (2024: £1,000) from Shirmax Limited.

Prepayments and accrued income includes administration and management fees receivable of £53,500 (2024: £53,500) due for the year as follows: £2,500 (2024: £2,500) from Pinelarch Limited, £50,000 (2024: £50,000) from Plantation Investments Limited and £1,000 (2024: £1,000) from Shirmax Limited.

During the year ended 30 April 2017 the company made an unsecured, interest free loan of £40,000 to The Gradel Foundation. This loan is repayable upon demand and is included within "Other Debtors" at the balance sheet date. The outstanding balance on this loan as at 30 April 2025 is £8,976 (2024: £7,996).

Accruals and deferred income includes administration and management charges payable for the year as follows: £150,000 (2024: £150,000) payable to St. George Estates (Management) Limited.

The following amounts were outstanding at the reporting end date:

Amounts due to related parties consists of £554,039 (2024: £554,039) owed to Foregate Investments Limited, £309,250 (2024: £99,487) owed to Plantation Investments Limited, £163,796 (2024: £65,687) owed to St. George Estates Limited, £Nil (2024: £Nil) owed to St. George Estates (Management) Limited, £Nil (2024: £64,187) owed to Shirmax Limited and £Nil (2024: £129,400) owed to Water Lane Investments Limited.

The following amounts were outstanding at the reporting end date:

Amounts due from related parties consists of £31,218 (2024: £12,586) owed by St George Estates (Management) Limited, £600 (2024: £Nil) owed by Water Lane Investments Limited, £3,089 (2024: £Nil) owed by Shirmax Limited and £90,599 (2024: £140,459) owed by Pinelarch Limited.

Mr A. Gradel is a director of the above companies and is a shareholder in Pinelarch Limited and St. George Estates Limited.

Mr. A. Gradel and Mrs L. Gradel are both trustees of The Gradel Foundation.

In the opinion of the directors there is no ultimate controlling party.