Company registration number 03654866 (England and Wales)
CARTLIDGE MORLAND LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
CARTLIDGE MORLAND LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CARTLIDGE MORLAND LIMITED
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
185,566
352,890
Current assets
Debtors
4
563,861
475,139
Cash at bank and in hand
48,028
52,669
611,889
527,808
Creditors: amounts falling due within one year
5
(500,327)
(375,682)
Net current assets
111,562
152,126
Total assets less current liabilities
297,128
505,016
Creditors: amounts falling due after more than one year
6
(30,641)
(34,592)
Net assets
266,487
470,424
Capital and reserves
Called up share capital
7
15,203
15,203
Profit and loss reserves
251,284
455,221
Total equity
266,487
470,424

For the financial year ended 31 July 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 year 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 5 May 2026 and are signed on its behalf by:
A A Cartlidge
Director
Company registration number 03654866 (England and Wales)
CARTLIDGE MORLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 2 -
1
Accounting policies
Company information

Cartlidge Morland Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor 8 Bridle Close, Kingston Upon Thames, KT1 2JW.

1.1
Basis of preparation

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
Revenue

Turnover represents the amounts (excluding attributable VAT) derived from commissions and the provision of services to clients during the period.

Initial commission is recognised at the inception of the related policy, trail and renewal revenue is recognised as the right to consideration arises once target dates are passed. Work-in-progress on consultancy services is invoiced to clients at the end of each month so that there are no material amounts of work-in-progress outstanding at the year-end.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets 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.

1.5
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.

CARTLIDGE MORLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

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, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 and subsequently measured at amortised cost using the effective interest method.

1.6
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.

1.7
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.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

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

2025
2024
Number
Number
Total
14
14
CARTLIDGE MORLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 4 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 August 2024 and 31 July 2025
1,695,580
Amortisation and impairment
At 1 August 2024
1,342,690
Amortisation charged for the year
167,324
At 31 July 2025
1,510,014
Carrying amount
At 31 July 2025
185,566
At 31 July 2024
352,890
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
413,282
324,560
Other debtors
150,579
150,579
563,861
475,139
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
7,827
10,648
Corporation tax
279,270
234,987
Other creditors
213,230
130,047
500,327
375,682

Loans included in creditors of £38,468 (2024: £45,240) are secured by fixed and floating charges over the company's assets.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
30,641
34,592

CARTLIDGE MORLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 5 -
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
11,576
11,576
11,576
11,576
Ordinary B of £1 each
1,524
1,524
1,524
1,524
Ordinary C of £1 each
1,341
1,341
1,341
1,341
Ordinary D of £1 each
762
762
762
762
15,203
15,203
15,203
15,203

All classes of Ordinary shares have full and equal rights to participate in voting in all circumstances.

The company operates an Enterprise Management Investment Scheme. At the beginning of the year, 3,502 share options had been granted over the share capital of the business. During the year to 31 July 2025, no additional share options were granted and 95 options lapsed meaning a total of 3,407 share options were outstanding at the year end. Subject to certain performance conditions being met, or a qualifying event, the option holders are able to exercise the options for an exercise price of £1 per share.

At the balance sheet date no options had been exercised and the directors have not recognised a share based payment expense in the profit and loss account on the grounds that the cost of obtaining a fair valuation of the options would be disproportionate to the benefit to the users of the financial statements.

8
Related party transactions

A A Cartlidge, C P Morland and J V Nurse are partners in The Cartlidge Morland Partnership. At the year end the company was due £413,282 (2024: £324,560) from The Cartlidge Morland Partnership which is repayable on demand. During the year the company charged management fees to The Cartlidge Morland Partnership of £1 37,839 (202 4: £1 40,856) and paid management fees of £3 34,924 (2024: £3 03,853).

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