Company registration number 02121485 (England and Wales)
CARTLIDGE LEVENE INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
CARTLIDGE LEVENE INVESTMENTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
CARTLIDGE LEVENE INVESTMENTS LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 1 -
31 October 2025
30 November 2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
5
1,791
2,077
Investment property
6
-
0
1,300,000
1,791
1,302,077
Current assets
Cash at bank and in hand
1,396,943
25,600
Creditors: amounts falling due within one year
7
(265,045)
(48,335)
Net current assets/(liabilities)
1,131,898
(22,735)
Total assets less current liabilities
1,133,689
1,279,342
Provisions for liabilities
-
(225,871)
Net assets
1,133,689
1,053,471
Capital and reserves
Called up share capital
5,000
5,000
Revaluation reserve
-
0
915,305
Profit and loss reserves
1,128,689
133,166
Total equity
1,133,689
1,053,471
CARTLIDGE LEVENE INVESTMENTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2025
31 October 2025
- 2 -

For the financial Period ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 March 2026 and are signed on its behalf by:
Mr I Cartlidge
Mr A Levene
Director
Director
Company registration number 02121485 (England and Wales)
CARTLIDGE LEVENE INVESTMENTS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 3 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 December 2023
5,000
1,065,305
142,101
1,212,406
Year ended 30 November 2024:
Profit
-
-
16,865
16,865
Other comprehensive income:
Revaluation of tangible fixed assets
-
(200,000)
-
(200,000)
Tax relating to other comprehensive income
-
50,000
-
0
50,000
Total comprehensive income
-
(150,000)
16,865
(133,135)
Dividends
-
-
(25,800)
(25,800)
Balance at 30 November 2024
5,000
915,305
133,166
1,053,471
Period ended 31 October 2025:
Profit and total comprehensive income
-
-
1,018,723
1,018,723
Dividends
-
-
(23,200)
(23,200)
Other movements
-
(915,305)
-
(915,305)
Balance at 31 October 2025
5,000
-
0
1,128,689
1,133,689
CARTLIDGE LEVENE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 4 -
1
Accounting policies
Company information

Cartlidge Levene Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor Gallery Court, 28 Arcadia Avenue, London, N3 2FG.

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. The principal accounting policies adopted are set out below.

1.2
Reporting period

The entity is preparing financial statements for a period shorter than 12 months. This is because the reporting

date has been changed from 30 November 202 5 to 31 October 202 5. Therefore comparative amounts

presented are not entirely comparable.

1.3
Turnover

Turnover represents rental income recognised on an accruals basis and is accounted for when due.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% reducing balance
Fixtures, fittings & equipment
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
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.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

CARTLIDGE LEVENE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 5 -
1.7
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

1.8
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.

Basic financial assets

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

Classification of 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 deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price.

1.9
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.

1.10
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 taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.11
Retirement benefits
The pension costs charged in the financial statements represent the contributions payable by the company during the Period in accordance with FRS 17.
CARTLIDGE LEVENE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2025
2024
Number
Number
Total
0
2
4
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
259,825
4,020
Deferred tax
Origination and reversal of timing differences
(68,464)
(26)
Total tax charge
191,361
3,994

In addition to the amount charged to the profit and loss account, the following amounts relating to tax have been recognised directly in other comprehensive income:

2025
2024
£
£
Deferred tax arising on:
Revaluation of property
-
(50,000)
CARTLIDGE LEVENE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 7 -
5
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
Cost
At 1 December 2024 and 31 October 2025
142,019
97,386
239,405
Depreciation and impairment
At 1 December 2024
140,905
96,423
237,328
Depreciation charged in the Period
154
132
286
At 31 October 2025
141,059
96,555
237,614
Carrying amount
At 31 October 2025
960
831
1,791
At 30 November 2024
1,114
963
2,077
6
Investment property
2025
£
Fair value
At 1 December 2024
1,300,000
Disposals
(1,300,000)
At 31 October 2025
-
0

Investment property comprised of the freehold office building at 238 St John Street, London EC1V 4PH. The property was sold on 31 October 2025.

7
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
259,825
4,020
Other creditors
5,220
44,315
265,045
48,335
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