Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2 true 2024-04-01 The principal activity of the company is that of property investment.2 true 11261061 2024-04-01 2025-03-31 11261061 2023-04-01 2024-03-31 11261061 2025-03-31 11261061 2024-03-31 11261061 c:Director1 2024-04-01 2025-03-31 11261061 d:FreeholdInvestmentProperty 2025-03-31 11261061 d:FreeholdInvestmentProperty 2024-03-31 11261061 d:CurrentFinancialInstruments 2025-03-31 11261061 d:CurrentFinancialInstruments 2024-03-31 11261061 d:Non-currentFinancialInstruments 2025-03-31 11261061 d:Non-currentFinancialInstruments 2024-03-31 11261061 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 11261061 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11261061 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 11261061 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11261061 d:ShareCapital 2025-03-31 11261061 d:ShareCapital 2024-03-31 11261061 d:RetainedEarningsAccumulatedLosses 2025-03-31 11261061 d:RetainedEarningsAccumulatedLosses 2024-03-31 11261061 c:FRS102 2024-04-01 2025-03-31 11261061 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11261061 c:FullAccounts 2024-04-01 2025-03-31 11261061 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 11261061 CARLTON PROPERTIES 2 LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
CARLTON PROPERTIES 2 LTD CONTENTS
| Page
Balance sheet | 1 - 2
Notes to the financial statements | 3 - 6
CARLTON PROPERTIES 2 LTD REGISTERED NUMBER: 11261061 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 1,010,297 |  | 1,010,297
|  |  | 1,010,297 |  | 1,010,297
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 100 |  | 100 |
Cash at bank and in hand |  | - |  | 45,736 |
|  | 100 |  | 45,836 |
Creditors: amounts falling due within one year | 7 | (978,604) |  | (591,306) |
Net current liabilities |  |  | (978,504) |  | (545,470)
Total assets less current liabilities |  |  | 31,793 |  | 464,827
Creditors: amounts falling due after more than one year | 8 |  | - |  | (435,000)
Net assets |  |  | 31,793 |  | 29,827
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 31,693 |  | 29,727
|  |  | 31,793 |  | 29,827
Page 1
CARLTON PROPERTIES 2 LTD REGISTERED NUMBER: 11261061 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements 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 Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 January 2026.
Majed Al Kamali
Director
The notes on pages 3 to 6 form part of these financial statements. Page 2
CARLTON PROPERTIES 2 LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Carlton Properties 2 Ltd is a private company limited by shares, incorporated in England and Wales, registration number 11261061. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The following principal accounting policies have been applied:
| 2.2 | Revenue
Turnover represents rental income from investment properties. Turnover on rental income is recognised in proportion to the lease agreement with full provision made for all foreseeable costs. Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
| 2.3 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.5 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 2.6 | Investment property
Investment property is carried at fair value determined annually by the Directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss. Page 3
CARLTON PROPERTIES 2 LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.7 | Debtors
Short term debtors are measured at transaction price, less any impairment.
| 2.8 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.9 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.10 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Financial liabilities 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 the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Page 4
CARLTON PROPERTIES 2 LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.10 | Financial instruments (continued)
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 April 2024 | 1,010,297
| At 31 March 2025 | 1,010,297
The directors, valuing the property on an open market basis, deemed that the cost of the property was not materially different to its market value.
Page 5
CARLTON PROPERTIES 2 LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 100 | 100
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank and cash balances | - | 45,736
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 387,670 | -
| Corporation tax | 302 | -
| Other creditors | 575,675 | 575,675
| Accruals and deferred income | 14,957 | 15,631
|  | 978,604 | 591,306
| The bank overdraft is secured by the assets of the company.
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 435,000
| The bank loan was completely settled in July 2024.
9. | Related party transactions
| Included in other creditors is an amount of £575,675 (2024: £575,675) due to the Directors.
Page 6