Carlton Asset Management Limited 31/03/2026 iXBRL

Company registration number: 02074430

Carlton Asset Management Limited

Unaudited filleted financial statements

31 March 2026

Carlton Asset Management Limited

Contents

Statement of financial position

Notes to the financial statements

Carlton Asset Management Limited

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	450,000		450,016
		_______		_______
			450,000		450,016

Current assets
Debtors	6	12,609		16,870
Cash at bank and in hand		54,296		80,460
		_______		_______
		66,905		97,330
Creditors: amounts falling due
within one year	7	( 406,388)		( 416,392)
		_______		_______
Net current liabilities			( 339,483)		( 319,062)
			_______		_______
Total assets less current liabilities			110,517		130,954

			_______		_______
Net assets			110,517		130,954
			_______		_______

Capital and reserves
Called up share capital			12,000		12,000
Share premium account			64,000		64,000
Profit and loss account			34,517		54,954
			_______		_______
Shareholders funds			110,517		130,954
			_______		_______

For the year ending 31 March 2026 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 19 May 2026 , and are signed on behalf of the board by:

Mr G D Olsen Mrs S J Olsen

Director Director

Company registration number: 02074430

Carlton Asset Management Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Broadway House, Tothill Street, London, SW1H 9NQ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2025: 3 ).

5. Tangible assets

	Freehold property	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 April 2025 and 31 March 2026	450,000	34,090	484,090
	_______	_______	_______
Depreciation
At 1 April 2025	-	34,074	34,074
Charge for the year	-	16	16
	_______	_______	_______
At 31 March 2026	-	34,090	34,090
	_______	_______	_______
Carrying amount
At 31 March 2026	450,000	-	450,000
	_______	_______	_______
At 31 March 2025	450,000	16	450,016
	_______	_______	_______

6. Debtors

	2026	2025
	£	£
Trade debtors	3,675	9,750
Other debtors	8,934	7,120
	_______	_______
	12,609	16,870
	_______	_______

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Other loans	400,000	400,000
Corporation tax	-	3,302
Social security and other taxes	2,507	3,098
Other creditors	3,881	9,992
	_______	_______
	406,388	416,392
	_______	_______

8. Related party transactions

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

	Transaction value		Balance owed by/(owed to)
	2026	2025	2026	2025
	£	£	£	£
Espom Webworks Limited - loan interest paid	-	2,762	200,000	200,000
Grove Advisors Limited	-	-	200,000	200,000
	_______	_______	_______	_______

Epsom Webworks Limited is company registered in England & Wales and which is controlled by Mr G D Olsen and Mrs S J Olsen. Epsom Webworks Limited owns 50% of the issued share capital of Carlton Asset Management Limited .

Grove Advisors Limited is a company registered in England & Wales and owns 50% of the issued share capital of Carlton Asset Management Limited.

9. Controlling party

The company is under the control of Mrs S J Olsen and Mr G D Olsen.