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Registered number: 03286976
Carrera Associates Limited
Financial Statements
For The Year Ended 31 March 2025
THB LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03286976
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 723,000 723,000
723,000 723,000
CURRENT ASSETS
Debtors 5 23,341 20,905
Cash at bank and in hand 111,817 106,259
135,158 127,164
Creditors: Amounts Falling Due Within One Year 6 (124,218 ) (121,645 )
NET CURRENT ASSETS (LIABILITIES) 10,940 5,519
TOTAL ASSETS LESS CURRENT LIABILITIES 733,940 728,519
Creditors: Amounts Falling Due After More Than One Year 7 (388,541 ) (388,541 )
NET ASSETS 345,399 339,978
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve (277,000 ) (277,000 )
Profit and Loss Account 622,299 616,878
SHAREHOLDERS' FUNDS 345,399 339,978
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Lorraine Cull
Director
07/11/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Carrera Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03286976 . The registered office is 1 & 2 Studley Court Mews, Studley Court, Guildford Road, Chobham, GU24 8EB.
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Freehold not provided
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 April 2024 723,000
As at 31 March 2025 723,000
Net Book Value
As at 31 March 2025 723,000
As at 1 April 2024 723,000
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 18,288 15,939
Other debtors 5,053 4,966
23,341 20,905
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,116 1,255
Other creditors 103,021 100,441
Taxation and social security 19,081 19,949
124,218 121,645
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 388,541 388,541
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 35,000 41,340
10. Related Party Transactions
At the end of the year company owed an amount £101,491 (2024 : £99,091 ) to the director.
Page 4