Company Registration No. 04938782 (England and Wales)
Carbon Estates Limited
Unaudited accounts
for the year ended 31 March 2025
Carbon Estates Limited
Unaudited accounts
Contents
Carbon Estates Limited
Company Information
for the year ended 31 March 2025
Company Number
04938782 (England and Wales)
Registered Office
66 Botley Road,
Park Gate
SOUTHAMPTON
Hampshire
SO31 1BB
United Kingdom
Accountants
Carbon Accountants Limited
Southwold House
66 Botley Road, Park Gate
Southampton
SO31 1BB
Carbon Estates Limited
Statement of financial position
as at 31 March 2025
Tangible assets
73,008
77,522
Investment property
960,476
907,426
Cash at bank and in hand
28,835
28,787
Creditors: amounts falling due within one year
(143,297)
(129,235)
Net current liabilities
(92,127)
(78,113)
Total assets less current liabilities
941,457
906,935
Creditors: amounts falling due after more than one year
(727,226)
(745,961)
Net assets
214,231
160,974
Called up share capital
20,000
20,000
Revaluation reserve
64,573
14,523
Profit and loss account
129,658
126,451
Shareholders' funds
214,231
160,974
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 December 2025 and were signed on its behalf by
Franco Ardani
Director
Company Registration No. 04938782
Carbon Estates Limited
Notes to the Accounts
for the year ended 31 March 2025
Carbon Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 04938782. The registered office is 66 Botley Road,, Park Gate, SOUTHAMPTON, Hampshire, SO31 1BB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss in accordance with the Companies Act 2006
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on cost
Plant & machinery
15% on reducing balance
Motor vehicles
8% on reducing balance
Fixtures & fittings
15% on reducing balance
Investment properties are initially measured at cost and subsequently measured using fair value accounting, with changes under the fair value model being recognised in profit or loss. Investment property are held for rental investment income and capital appreciation and are not required to be depreciated and are included oat fair value. Fair value gains and revaluation gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Carbon Estates Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
110,358
12,769
4,422
127,549
Additions
3,468
489
-
3,957
At 31 March 2025
113,826
13,258
4,422
131,506
At 1 April 2024
38,764
6,828
4,435
50,027
Charge for the year
7,506
965
-
8,471
At 31 March 2025
46,270
7,793
4,435
58,498
At 31 March 2025
67,556
5,465
(13)
73,008
At 31 March 2024
71,594
5,941
(13)
77,522
Fair value at 1 April 2024
907,426
Net gain from fair value adjustments
50,050
Investment property comprises long leasehold commercial and residential property portfolio. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 2012 by Primmer Olds Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties for mortgage purposes.
The revaluation of investment property of £50,050 was undertaken by the director of during 2025 taking into account current market conditions and comparable sales achieved from similar properties in the same location. This is a requirement of the Companies Act 2006.
During 2018 the company approached Barclays Bank PLC in order to refinance the commercial lending held with Lloyds Bank PLC to secure more favourable terms and rates. During the application process the bank requested Independent Professional Valuation of commercial premises let to related trading business. The result of the valuation undertaken by Barclays Bank is shown within these accounts and represent the fair value of the property. The company duly transferred and settled its lending to Lloyds Bank PLC during the summer of 2018 from Lloyds bank to Barclays Bank PLC.
Additions relate to lease extension premiums paid to extend a further 99 years on properties.
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Investments
Subsidiary undertakings
Valuation at 1 April 2024
100
Valuation at 31 March 2025
100
The company owns 100% of Ascot Estate Agents Limited, Registered number 08626189 - Incorporated on 26 July 2013 Registered Office Address 68 Botley Road, Park Gate, Southampton, SO31 1BB.
Carbon Estates Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
22,000
22,000
Amounts due from group undertakings etc.
335
335
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
47,346
40,308
Amounts owed to group undertakings and other participating interests
14,960
14,960
Taxes and social security
1,800
2,878
Other creditors
24,737
17,536
Loans from directors
53,754
52,853
Included in other creditors are amounts introduced by the director as short term loans of £53,754 (2024 £52,852)
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Creditors: amounts falling due after more than one year
2025
2024
Bank loans
428,046
446,781
Other creditors
299,180
299,180
The director provided loans to the company to finance company property purchases. This is shown as creditors payable greater than one year amounting to £299,180 (2023 £299,180)
The long-term loans are secured by fixed charges over Investment Property held by the company as follows;
There is a mortgage charge over property held by the company to The Mortgage Works (UK) plc in respect of it's loan. At the year end the maximum potential liability under the terms of this mortgage was £266,730.
There is a mortgage charge over property held by the company to Barclays Bank plc in respect of it's loan. At the year end the maximum potential liability under the terms of this mortgage was £200,177 (2024 £218,911)
The company settled its loans to Lloyds Bank PLC and therefore discharged its mortgage over assets by the bank.
Carbon Estates Limited
Notes to the Accounts
for the year ended 31 March 2025
10
Transactions with related parties
Properties let by the company, rent is charged to the company at normal commercial rates to connected parties and rents receivable are shown within the profit and loss account as income receivable.
Carbon Accountants Limited is a company controlled by the director. During the year the company received £14,500 for rent and service charges in respect of a commercial property leased to Carbon Accountants Limited. These amounts are charged on a commercial contractual basis as owner occupier and at full open market value.
Frankie and Guy Limited and Capelli Hair Limited are companies controlled by the director. During the year the company received £12,543 for rent and service charges in respect of a commercial property leased to the above companies which are controlled by the director. These amounts are charged on a commercial contractual basis as owner occupier and at full open market value.
Ascot Estate Agents Limited is a company controlled by Carbon Estates Limited. The company is charged property management charges for the management of the company property portfolio managed by Ascot Estate Agents Limited.
The company is under the control of the director by virtue of is interest in the issued share capital of the company.
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Average number of employees
During the year the average number of employees was 1 (2024: 1).