1 March 2024 false Taxfiler 2024.6 07960241 business:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 07960241 2024-02-29 07960241 2024-03-01 2025-02-28 07960241 business:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 07960241 business:FilletedAccounts 2024-03-01 2025-02-28 07960241 2025-02-28 07960241 business:Director1 2024-03-01 2025-02-28 07960241 business:Director2 2024-03-01 2025-02-28 07960241 business:RegisteredOffice 2024-03-01 2025-02-28 07960241 2024-02-29 07960241 core:WithinOneYear 2025-02-28 07960241 core:WithinOneYear 2024-02-29 07960241 core:ShareCapital core:PreviouslyStatedAmount 2025-02-28 07960241 core:ShareCapital core:PreviouslyStatedAmount 2024-02-29 07960241 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-02-28 07960241 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-02-29 07960241 core:PreviouslyStatedAmount 2025-02-28 07960241 core:PreviouslyStatedAmount 2024-02-29 07960241 business:SmallEntities 2024-03-01 2025-02-28 07960241 countries:EnglandWales 2024-03-01 2025-02-28 07960241 business:OrdinaryShareClass1 2024-03-01 2025-02-28 07960241 business:OrdinaryShareClass1 2023-03-01 2024-02-29 07960241 business:Director1 1 2024-03-01 2025-02-28 07960241 business:Director1 1 2024-02-29 07960241 business:Director1 1 2025-02-28 07960241 2023-03-01 2024-02-29 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07960241 (England and Wales)
Class Carnet Ltd Unaudited accounts for the year ended 28 February 2025
Class Carnet Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Class Carnet Ltd Company Information for the year ended 28 February 2025
Directors
Dr Joseph P Silmon-Clyde Miaomiao Yu
Company Number
07960241 (England and Wales)
Registered Office
2 Carmarthen Place London Greater London SE1 3TS
Accountants
Solid Ltd Eagle House 163 City Road London EC1V 1NR
- 3 -
Class Carnet Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Current assets
Debtors
4
49,863
36,568
Investments
5
246,719
164,106
Cash at bank and in hand
13,403
1,999
309,985
202,673
Creditors: amounts falling due within one year
6
(161,728)
(117,212)
Net current assets
148,257
85,461
Net assets
148,257
85,461
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
148,157
85,361
Shareholders' funds
148,257
85,461
For the year ending 28 February 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 directors acknowledge their 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 of Directors and authorised for issue on 22 October 2025 and were signed on its behalf by
Dr Joseph P Silmon-Clyde Director Company Registration No. 07960241
- 4 -
Class Carnet Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Class Carnet Ltd is a private company, limited by shares, registered in England and Wales, registration number 07960241. The registered office is 2 Carmarthen Place, London, Greater London, SE1 3TS.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investments
Investments in shares are included at fair value.
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
33,000
18,954
Accrued income and prepayments
484
2,940
Other debtors
16,379
14,674
49,863
36,568
- 5 -
Class Carnet Ltd Notes to the Accounts for the year ended 28 February 2025
5
Investments held as current assets
2025
2024
£
£
Listed investments
246,719
164,106
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
1,143
17,725
Taxes and social security
19,542
18,367
Other creditors
141,333
97,180
Loans from directors
(290)
(16,060)
161,728
117,212
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Dr Joseph P Silmon-Clyde
Interest free loan
16,060
-
15,770
290
16,060
-
15,770
290
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -