Registration number: 07109664

Carcaz Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

Carcaz Limited

(Registration number: 07109664)
Balance Sheet as at 31 December 2025

	Note	2025 £		2024 £
Fixed assets
Investment property	5		141,373		141,373
Current assets
Debtors	6	876		1,025
Cash at bank and in hand		2,220		4,298
		3,096		5,323
Creditors: Amounts falling due within one year	7	(20,018)		(16,588)
Net current liabilities			(16,922)		(11,265)
Total assets less current liabilities			124,451		130,108
Creditors: Amounts falling due after more than one year	7		(104,044)		(104,044)
Net assets			20,407		26,064
Capital and reserves
Called up share capital		11		11
Profit and loss account		20,396		26,053
Total equity			20,407		26,064

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 June 2026
 

......................................... Mr C. Lodge Director

Carcaz Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Cranewells Vale
Leeds
LS15 9HF

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 , including Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of investment property as a furnished holiday let.Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Carcaz Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 December 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	33% and 50% Straight line
Furniture and fittings	33% Straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. Changes in fair value are recognised in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

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

4	Tangible assets

	Office Equipment £	Furniture and fittings £	Total £
Cost or valuation
At 1 January 2025	3,613	6,319	9,932
Disposals	(1,724)	-	(1,724)
At 31 December 2025	1,889	6,319	8,208
Depreciation
At 1 January 2025	3,613	6,319	9,932
Eliminated on disposal	(1,724)	-	(1,724)
At 31 December 2025	1,889	6,319	8,208
Carrying amount
At 31 December 2025	-	-	-

Carcaz Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 December 2025

5	Investment properties

	2025 £
At 1 January	141,373
At 31 December	141,373

Investment property was acquired on 4 December 2020. The director believes the carrying value at 31 December 2025 is not materially different to the fair value at that date.

6

Debtors

Current	2025 £	2024 £
Prepayments	312	461
Other debtors	564	564
	876	1,025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Other creditors	20,018	16,588

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Loans and borrowings	104,044	104,044

Creditors include mortgage loans which are secured of £104,044 (2024 - £104,044). The mortgage was drawn in 2021 over a 25 year period and is on an interest only basis. It is secured on the company's investment property and by way of a personal guarantee of the director.