Carbaf Properties Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Carbaf Properties Limited

Company Information

Directors

C Attwood R Attwood

Registered Office

Hambrook House The Stream Hambrook Bristol BS16 1RG

Registered Number

07780813

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Carbaf Properties Limited

(Registration number: 07780813)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	12,630	19,300
Investment property	5	3,361,402	3,000,000
		3,374,032	3,019,300
Current assets
Debtors	6	10,067	13,511
Cash at bank and in hand		37,957	43,772
		48,024	57,283
Creditors: Amounts falling due within one year	7	(159,121)	(149,329)
Net current liabilities		(111,097)	(92,046)
Total assets less current liabilities		3,262,935	2,927,254
Creditors: Amounts falling due after more than one year	7	(2,526,083)	(2,120,786)
Provisions for liabilities		(41,418)	(60,430)
Net assets		695,434	746,038
Capital and reserves
Called up share capital		2	2
Retained earnings		695,432	746,036
Shareholders' funds		695,434	746,038

Carbaf Properties Limited

(Registration number: 07780813)
Balance Sheet as at 30 September 2025

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 May 2026 and signed on its behalf by:
 

......................................... C Attwood Director

Carbaf Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hambrook House
The Stream
Hambrook
Bristol
BS16 1RG

These financial statements were authorised for issue by the Board on 1 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). There have been no material departures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors have continued to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Carbaf Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Asset class	Depreciation method and rate
Plant and machinery	20% straight line
Office equipment	33% straight line
Motor vehicles	25% reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Carbaf Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

The company operates a define contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Once the contributions have been paid, the company has no further payment obligations.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 2).

Carbaf Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 October 2024	20,506	7,109	18,110	45,725
Additions	1,075	-	-	1,075
At 30 September 2025	21,581	7,109	18,110	46,800
Depreciation
At 1 October 2024	13,055	6,295	7,075	26,425
Charge for the year	4,172	814	2,759	7,745
At 30 September 2025	17,227	7,109	9,834	34,170
Carrying amount
At 30 September 2025	4,354	-	8,276	12,630
At 30 September 2024	7,451	814	11,035	19,300

5	Investment property

	2025 £
At 1 October 2024	3,000,000
Additions	361,402
At 30 September 2025	3,361,402

The directors have reviewed the valuation of the investment properties at 30 September 2025 and believe that the valuation recognised is aligned with the investment property fair value.

6

Debtors

	2025 £	2024 £
Trade debtors	5,000	5,000
Prepayments	5,067	8,511
	10,067	13,511

Carbaf Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

7

Creditors

Due within one year	Note	2025 £	2024 £
Bank borrowings		25,151	22,732
Trade creditors		574	-
Amounts owed to related parties	8	100,000	100,000
Taxation and social security		3,151	2,500
Accruals and deferred income		25,667	19,519
Other creditors		4,578	4,578
		159,121	149,329

 

	Note	2025 £	2024 £
Due after one year
Bank borrowings		1,873,342	1,562,162
Amounts owed to related parties	8	652,741	558,624
		2,526,083	2,120,786

Interest is charged on bank borrowings with rates ranging from 2.2% to 3.15% above the Bank of England base rate. These bank borrowings are secured by fixed and floating charges over the properties.

Carbaf Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

8	Related party transactions

Loans from related parties

2025	Key management £	Total £
At start of period	658,624	658,624
Advanced	102,545	102,545
Repaid	(8,428)	(8,428)
At end of period	752,741	752,741

2024	Key management £	Total £
At start of period	608,439	608,439
Advanced	61,202	61,202
Repaid	(11,017)	(11,017)
At end of period	658,624	658,624

Terms of loans from related parties

The loan from key management is interest free and repayable on demand. Management anticipate that £100,000 of this is to be repaid within one year and £652,741 is due to be repaid after one year.