REGISTERED NUMBER: 10411182 (England and Wales)

Unaudited Financial Statements

For The Period 27 March 2024 to 17 March 2025

for

The Carlsberg Tetley Project Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N J Hartwright

REGISTERED OFFICE:

C/O The Factory Project Ltd

4 Thameside Industrial Estate

Factory Road

London

E16 2HB

REGISTERED NUMBER:

10411182 (England and Wales)

ACCOUNTANTS:

Fuller Spurling

Mill House

58 Guildford Street

Chertsey

Surrey

KT16 9BE

FIXED ASSETS

Tangible assets

4

12,000

13,854

CURRENT ASSETS

Debtors

5

756,846

811,887

Cash at bank

1,132

4,094

757,978

815,981

CREDITORS

Amounts falling due within one year

6

1,605,745

1,657,829

NET CURRENT LIABILITIES

(847,767

)

(841,848

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(835,767

)

(827,994

)

CREDITORS

Amounts falling due after more than one year

7

28,153

33,974

NET LIABILITIES

(863,920

)

(861,968

)

RESERVES

Income and expenditure account

(863,920

)

(861,968

)

(863,920

)

(861,968

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 17 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 17 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 June 2026 and were signed by:

N J Hartwright - Director

1.	STATUTORY INFORMATION

The Carlsberg Tetley Project Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared under the going concern basis, relying on the continued support of the company's directors and trade creditors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and is recognised as services are provided. Where invoices are issued which cover a period which extends beyond the year end, the relevant proportion is credited to the income statement for the period and the amount in advance is carried forward in creditors.

Tangible fixed assets

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

Improvements to property

-

in accordance with the lease term

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

The depreciation of Improvements to property will commence when the improvements have been completed.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Interest bearing borrowings

Loans received are stated at the initial amount received. Interest is accrued up to the end of the accounting period where not yet paid. Costs of raising finance are recognised in profit and loss account in the period in which they are incurred.

Government grants

Grants towards capital expenditure are shown as credits, when received, against the relevant fixed asset heading and are thus effectively released to profit and loss account over the life of the relevant fixed assets by reducing the depreciation charge.

Grants toward revenue expenditure are taken straight to profit and loss account when received and shown as other operating income.

Where there are conditions attaching to the grants, the directors keep these under review such that should any of the grants become repayable, this is then transferred back to creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 27 March 2024

and 17 March 2025

1,176,137

25,400

10,500

1,041

1,213,078

DEPRECIATION

At 27 March 2024

1,162,637

25,046

10,500

1,041

1,199,224

Charge for period

1,500

354

-

-

1,854

At 17 March 2025

1,164,137

25,400

10,500

1,041

1,201,078

NET BOOK VALUE

At 17 March 2025

12,000

-

-

-

12,000

At 26 March 2024

13,500

354

-

-

13,854

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

17.3.25

26.3.24

£

£

Trade debtors

-

33,981

Other debtors

695,735

777,906

Prepayments and accrued income

61,111

-

756,846

811,887

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

17.3.25

26.3.24

£

£

Bank loans and overdrafts

5,817

5,687

Trade creditors

1,067,110

1,075,893

Corporation tax

73

-

VAT

8,800

17,245

Other creditors

424,269

402,820

Directors' loan accounts

6,329

34,070

Accruals and deferred income

93,347

122,114

1,605,745

1,657,829

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

17.3.25

26.3.24

£

£

Bank loans

28,153

33,974

8.	CONTINGENT LIABILITIES

The company received demands for four rates bills for 2020 onwards for £270,000 each. The company is disputing those with the relevant authorities. However an accrual of £25,000 was made in the year ended 29 March 2023 in order to cover a partial amount of these bills, but no further amount has been accrued for in subsequent years .