Company registration number 08218023 (England and Wales)
CART PROPERTIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
CART PROPERTIES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
CART PROPERTIES LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
3
652,750
652,750
Current assets
Debtors
4
3,520
14,858
Cash at bank and in hand
14,782
12,883
18,302
27,741
Creditors: amounts falling due within one year
5
(60,186)
(75,552)
Net current liabilities
(41,884)
(47,811)
Total assets less current liabilities
610,866
604,939
Creditors: amounts falling due after more than one year
6
(211,522)
(214,787)
Provisions for liabilities
(40,754)
(40,754)
Net assets
358,590
349,398
Capital and reserves
Called up share capital
7
1,000
1,000
Profit and loss reserves
357,590
348,398
Total equity
358,590
349,398

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 September 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.

T he 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.

CART PROPERTIES LTD
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2025
30 September 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 4 February 2026 and are signed on its behalf by:
W Douglass
Director
Company Registration No. 08218023
CART PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
1
Accounting policies
Company information

Cart Properties Ltd is a private company limited by shares incorporated in England and Wales. Company registration no. 08218023. The registered office is Garden Cottage, High Callerton, Ponteland, Newcastle upon Tyne, NE20 9TT.

1.1
Accounting convention

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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

A t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.
The company has net current liabilities of £41,884, however the major creditors due within one year are the directors of the company who have confirmed that they will not seek repayment of their loans for a period of at least twelve months from the date of approval of these accounts.

For long term finance the company is dependent on a bank loan which is secured against the investment properties to which it relates. The directors are not aware of any reasons that this funding would be withdrawn before the maturity date.

1.3
Turnover

Turnover represents amounts receivable for rents and service charges.

1.4
Investment properties

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 a t the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.5
Cash at bank and in hand

Cash at bank and in hand are basic financial assets.

1.6
Financial instruments

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.

CART PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts 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.

1.7
Equity instruments

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.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
CART PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
3
Investment property
2025
£
Fair value
At 1 October 2024 and 30 September 2025
652,750

Investment property is comprised of 6 properties. The fair value of the investment propert ies ha ve been arrived at on the basis of a valuation carried out at 22 April 2023 by the directors. The valuation s were made on an open market value basis by reference to market evidence of transaction prices for similar properties. The directors consider that this valuation remains appropriate as at 30 September 2025.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,520
3,138
Other debtors
-
0
11,720
3,520
14,858
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
2,891
2,516
Corporation tax
2,508
17,319
Other creditors
54,787
55,717
60,186
75,552

The bank loans are secured by fixed and floating charges over the company's investment properties.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
211,522
214,787

The bank loans are secured by fixed and floating charges over the company's investment properties.

CART PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
7
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
1,000 ordinary shares of £1 each
1,000
1,000
1,000
1,000
8
Related party transactions

The company has received interest free loans from the directors. At the year end the company owed £52,877 (20 23 - £52,877) in respect of these loans. The loans are repayable on demand and are included in other creditors due within one year.

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