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Company No: 12449958 (England and Wales)

# CARBIS PARTNERS LTD

### Unaudited Financial Statements
For the financial year ended 31 March 2026
Pages for filing with the registrar

CARBIS PARTNERS LTD

## Unaudited Financial Statements

For the financial year ended 31 March 2026

Contents

CARBIS PARTNERS LTD

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2026
CARBIS PARTNERS LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 7,721 |  | 7,639
|  | 7,721 |  | 7,639
Current assets |  |  |  |
Debtors |  |  |  |
- due within one year | 4 | 80,758 |  | 582,612
- due after more than one year | 4 | 12,672 |  | 52,200
Cash at bank and in hand |  | 800,204 |  | 195,118
|  | 893,634 |  | 829,930
Creditors: amounts falling due within one year | 5 | ( 109,633) |  | ( 10,199)
Net current assets |  | 784,001 |  | 819,731
Total assets less current liabilities |  | 791,722 |  | 827,370
Provision for liabilities | 6 | ( 1,903) |  | 0
Net assets |  | 789,819 |  | 827,370
Capital and reserves |  |  |  |
Called-up share capital | 7 | 1,050 |  | 1,050
Profit and loss account |  | 788,769 |  | 826,320
Total shareholders' funds |  | 789,819 |  | 827,370

For the financial 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 financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Carbis Partners Ltd (registered number: 12449958) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

M E Donald Director |  | J P Draffan Director

26 June 2026

CARBIS PARTNERS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026
CARBIS PARTNERS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Carbis Partners Ltd (the Company, and formerly called Brotherton PE Ltd prior to a change of name on 19 February 2024) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised as the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT, discounts and rebates.
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
(a) The amount of the revenue can be measured reliably;
(b) It is probable that the Company will receive the consideration due under the contract;
(c) The stage of completion of the contract at the end of the reporting period can be measured reliably; and
(d) The costs incurred and the costs to complete the contract can be measured reliably.

##### Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 4 years straight line
Office equipment | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### 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 creditors: amounts falling due within one year.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and 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.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 3 |  | 3

#### 3. Tangible assets

| Plant and machinery |  | Office equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2025 | 25,376 |  | 1,938 |  | 27,314
Additions | 4,898 |  | 0 |  | 4,898
At 31 March 2026 | 30,274 |  | 1,938 |  | 32,212
Accumulated depreciation |  |  |  |  |
At 01 April 2025 | 18,786 |  | 889 |  | 19,675
Charge for the financial year | 4,332 |  | 484 |  | 4,816
At 31 March 2026 | 23,118 |  | 1,373 |  | 24,491
Net book value |  |  |  |  |
At 31 March 2026 | 7,156 |  | 565 |  | 7,721
At 31 March 2025 | 6,590 |  | 1,049 |  | 7,639

#### 4. Debtors

| 2026 |  | 2025
| £ |  | £
Debtors: amounts falling due within one year |  |  |
Prepayments and accrued income | 8,838 |  | 544,774
Deferred tax asset | 0 |  | 5,964
VAT recoverable | 12,220 |  | 9,874
Other debtors | 59,700 |  | 22,000
| 80,758 |  | 582,612
Debtors: amounts falling due after more than one year |  |  |
Other debtors | 12,672 |  | 52,200

#### 5. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Trade creditors | 11,313 |  | 584
Accruals | 3,852 |  | 3,467
Corporation tax | 86,461 |  | 0
Other creditors | 8,007 |  | 6,148
| 109,633 |  | 10,199

#### 6. Deferred tax

| 2026 |  | 2025
| £ |  | £
At the beginning of financial year | 5,964 |  | 0
(Charged)/credited to the Statement of Income and Retained Earnings | ( 7,867) |  | 5,964
At the end of financial year | ( 1,903) |  | 5,964

The deferred taxation balance is made up as follows:

| 2026 |  | 2025
| £ |  | £
Accelerated capital allowances | ( 1,930) |  | ( 1,910)
Tax losses carry forward | 0 |  | 7,846
Other timing differences | 27 |  | 28
| ( 1,903) |  | 5,964

#### 7. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1,000 A ordinary shares of £ 1.00 each | 1,000 |  | 1,000
50 B ordinary shares of £ 1.00 each | 50 |  | 50
| 1,050 |  | 1,050

#### 8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2026 |  | 2025
| £ |  | £
Within one year | 82,434 |  | 179,800
Between one and five years | 68,640 |  | 30,106
Total future minimum lease payments under non-cancellable operating leases | 151,074 |  | 209,906

#### 9. Related party transactions

Included within other creditors are balances of £3,506 (2025: £1,348) owed to directors of the company. These balances are unsecured and interest free, with no fixed repayment terms.