Company registration number 01662568 (England and Wales)
CARASELLE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
CARASELLE LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 9
CARASELLE LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
257,986
248,180
Investment properties
5
6,839,688
6,783,566
Investments
6
3
3
7,097,677
7,031,749
Current assets
Stocks
269,181
248,137
Debtors
9
458,097
495,949
Cash at bank and in hand
466,888
499,259
1,194,166
1,243,345
Creditors: amounts falling due within one year
10
(576,358)
(570,842)
Net current assets
617,808
672,503
Total assets less current liabilities
7,715,485
7,704,252
Creditors: amounts falling due after more than one year
11
(1,752,934)
(1,803,836)
Provisions for liabilities
(668,424)
(668,424)
Net assets
5,294,127
5,231,992
Capital and reserves
Called up share capital
13,828
13,828
Share premium account
606,112
606,112
Capital redemption reserve
12,000
12,000
Other reserves
3,471,489
3,471,489
Profit and loss reserves
1,190,698
1,128,563
Total equity
5,294,127
5,231,992
CARASELLE LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MAY 2025
31 May 2025
- 2 -

The directors of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 May 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 member has 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.

The financial statements were approved by the board of directors and authorised for issue on 22 May 2026 and are signed on its behalf by:
J M Berliand
Director
Company Registration No. 01662568
CARASELLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 3 -
1
Accounting policies
Company information

Caraselle Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, Park Gate, 161-163 Preston Road, Brighton, East Sussex, BN1 6AF.

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 and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Rents receivable are recognised when the landlords right to receive payment has been established.

1.3
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:

Land and buildings Leasehold
No depreciation until less than 50 years expired.
Plant and machinery
20% on book written down value
Fixtures, fittings & equipment
15% on book written down value
Internet development costs
Over the estimated useful life of website of 14 years
Motor vehicles
25% on book written down value

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.

1.4
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. Changes in fair value are recognised in profit or loss.

CARASELLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Fixed asset investments

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.7
Cash at bank and in hand

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.

1.8
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 statement of financial position 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 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.

CARASELLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 5 -
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 income statement 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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.12
Retirement benefits

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

1.13
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

CARASELLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 6 -

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

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.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Investment property valuation

As described in note 7 to the financial statements, the directors consider that the valuation is a reasonable reflection of fair value.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was 1 (2024 - 1).

2025
2024
Number
Number
Total
1
1
CARASELLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 7 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 June 2024
216,762
717,982
934,744
Additions
-
0
32,000
32,000
Disposals
-
0
(24,000)
(24,000)
At 31 May 2025
216,762
725,982
942,744
Depreciation and impairment
At 1 June 2024
-
0
686,564
686,564
Depreciation charged in the year
-
0
13,444
13,444
Eliminated in respect of disposals
-
0
(15,250)
(15,250)
At 31 May 2025
-
0
684,758
684,758
Carrying amount
At 31 May 2025
216,762
41,224
257,986
At 31 May 2024
216,762
31,418
248,180

In the opinion of the directors the current value of the long leasehold property retained, is in excess of cost

5
Investment property
2025
£
Fair value
At 1 June 2024
6,783,566
Additions
56,122
At 31 May 2025
6,839,688

Investment property consists of freehold and long leasehold properties. The fair value of the properties held as investments by the company have been valued by the director, J M Berliand, at 31 May 2025 on the basis of existing tenancies and allowing a reasonable time for disposal.

The gross amount of assets held for use with operating leases totalled £6,839,688 (2024 - £6,783,566) and the related accumulated depreciation charge was £Nil (2024 - £Nil).

On an historical cost basis these would have been included at an original cost of £2,563,258 (2024 - £2,507,136) and aggregate depreciation of £Nil (2024 - £Nil).

6
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
3
3
CARASELLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
6
Fixed asset investments
(Continued)
- 8 -
Fixed asset investments not carried at market value

The investment in the associated undertaking is shown at cost.

7
Subsidiaries

Details of the company's subsidiary at 31 May 2025 are as follows:

Name of undertaking Registered Nature of business Class of % Held

office shares held Direct Indirect

Caraselle Holdings Ltd England Property Investment Ordinary 100.00

8
Associates

Details of the company's associates at 31 May 2025 are as follows:

Name of undertaking Registered Nature of business Class of % Held

office shares held Direct Indirect

Broadacre Estates Ltd England Property Development Ordinary 25.00

9
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
5,752
10,479
Amounts owed by group undertakings and undertakings in which the company has a participating interest
350,023
372,725
Other debtors
102,322
112,745
458,097
495,949
10
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
46,636
39,174
Trade creditors
94,285
183,293
Corporation tax
32,783
43,687
Other taxation and social security
28,767
32,799
Other creditors
373,887
271,889
576,358
570,842
CARASELLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
10
Creditors: amounts falling due within one year
(Continued)
- 9 -

The bank loans and mortgages are secured on assets of the company and by a directors' personal guarantees.

11
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,736,803
1,784,922
Other creditors
16,131
18,914
1,752,934
1,803,836
Creditors which fall due after five years are payable as follows:
Payable by instalments
725,698
688,167
Payable other than by instalments
750,367
750,662
1,476,065
1,438,829

The bank loans and mortgages are secured on the assets of the company and by a directors' personal guarantees.

12
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

The director has given a personal guarantee over some of the bank loans. At the year end these totalled £642,615 (2024 - £642,757)

2025-05-31 2024-06-01 false false false 22 May 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity J M Berliand Tracey Smith 01662568 2024-06-01 2025-05-31 01662568 2025-05-31 01662568 2024-05-31 01662568 core:LandBuildings 2025-05-31 01662568 core:OtherPropertyPlantEquipment 2025-05-31 01662568 core:LandBuildings 2024-05-31 01662568 core:OtherPropertyPlantEquipment 2024-05-31 01662568 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 01662568 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 01662568 core:CurrentFinancialInstruments 2025-05-31 01662568 core:CurrentFinancialInstruments 2024-05-31 01662568 core:Non-currentFinancialInstruments 2025-05-31 01662568 core:Non-currentFinancialInstruments 2024-05-31 01662568 core:ShareCapital 2025-05-31 01662568 core:ShareCapital 2024-05-31 01662568 core:SharePremium 2025-05-31 01662568 core:SharePremium 2024-05-31 01662568 core:CapitalRedemptionReserve 2025-05-31 01662568 core:CapitalRedemptionReserve 2024-05-31 01662568 core:OtherMiscellaneousReserve 2025-05-31 01662568 core:OtherMiscellaneousReserve 2024-05-31 01662568 core:RetainedEarningsAccumulatedLosses 2025-05-31 01662568 core:RetainedEarningsAccumulatedLosses 2024-05-31 01662568 bus:Director1 2024-06-01 2025-05-31 01662568 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-06-01 2025-05-31 01662568 core:PlantMachinery 2024-06-01 2025-05-31 01662568 core:FurnitureFittings 2024-06-01 2025-05-31 01662568 core:ComputerEquipment 2024-06-01 2025-05-31 01662568 core:MotorVehicles 2024-06-01 2025-05-31 01662568 2023-06-01 2024-05-31 01662568 core:LandBuildings 2024-05-31 01662568 core:OtherPropertyPlantEquipment 2024-05-31 01662568 2024-05-31 01662568 core:LandBuildings 2024-06-01 2025-05-31 01662568 core:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 01662568 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 01662568 bus:FRS102 2024-06-01 2025-05-31 01662568 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 01662568 bus:Director2 2024-06-01 2025-05-31 01662568 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 01662568 bus:FullAccounts 2024-06-01 2025-05-31 xbrli:pure xbrli:shares iso4217:GBP