Registration number:
Carlton Lending Limited
for the Year Ended 31 January 2026
Carlton Lending Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Statement of Financial Position |
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Statement of Changes in Equity |
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Statement of Cash Flows |
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Notes to the Financial Statements |
Carlton Lending Limited
Company Information
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Directors |
N Peterson C A Peterson |
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Registered office |
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Auditors |
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Carlton Lending Limited
Strategic Report for the Year Ended 31 January 2026
The directors present their strategic report for the year ended 31 January 2026.
Principal activity
The principal activity of the company is that of a money lending business on behalf of Carlton Bonds PLC. The company operates as part of the Carlton Group's integrated business model, providing funding primarily to Homes by Carlton for residential development projects. The company's role is to facilitate funding rather than generate significant profits, with the primary profit generation occurring within the homebuilding operations of Homes by Carlton.
Fair review of the business
The Directors are pleased to report that Carlton Lending Ltd delivered a stable performance during the financial year, successfully achieving its principal strategic objectives.
The company's primary purpose is to provide lending to carefully selected residential development projects while generating sufficient income to meet investor obligations. During the year, the company generated interest income of £237,766, enabling it to fully service investor interest commitments and support scheduled bond redemptions in accordance with the group's funding strategy.
Despite continued economic uncertainty, elevated interest rates and inflationary pressures across the UK residential property sector, the company's underlying loan portfolio has remained resilient. The SME residential development market has continued to demonstrate encouraging levels of demand, with development projects progressing broadly in line with expectations. The Directors remain satisfied with the quality and security of the company's lending portfolio.
The company continues to adopt a prudent approach to capital allocation and credit risk, maintaining lending only where there is appropriate security and a clear route to repayment. This disciplined strategy has enabled the business to preserve capital while supporting the wider Homes by Carlton development pipeline.
Looking ahead, the Directors remain confident in the company's prospects. The residential development pipeline remains robust, demand for well-located housing continues to underpin project viability, and the company is well positioned to continue delivering reliable returns for investors while supporting future bond redemptions.
The Board believes Carlton Lending Ltd is well placed to continue executing its long-term strategy of providing secure development finance whilst maintaining its excellent record of meeting investor obligations.
Carlton Lending Limited
Strategic Report for the Year Ended 31 January 2026
Principal risks and uncertainties
Funding and Operational Model
Bond Servicing: Our primary obligation is to ensure Carlton Bonds PLC can meet its interest commitments to bondholders. Carlton Bonds PLC has maintained a 100% track record of making all interest payments on time and redeeming all bond series in full, providing investors with confidence in the reliability of our funding model. The company maintains a lean operational structure with minimal profit retention, as the business model is designed to channel funding efficiently to Homes by Carlton while covering necessary operational costs and preserving this exemplary payment record.
Integration Risk: As part of an integrated business model, the company's performance is closely tied to Homes by Carlton's development success. However, the consistent delivery of bond obligations demonstrates the effectiveness of this integrated approach in generating reliable cash flows to service investor commitments.
Interest Rate Environment
Funding Efficiency: While rising interest rates have increased costs across the property finance sector, Carlton Bonds PLC maintains a significant competitive advantage by providing funding at rates 2-3% below specialist property lending banks.
Market Positioning: This funding cost advantage becomes increasingly valuable in challenging market conditions, as many development projects that would be uneconomical with external financing remain viable through the Carlton Bonds funding structure. This positions Homes by Carlton competitively against developers relying on more expensive external finance.
Development Economics: The cost efficiency of our funding model helps mitigate the impact of higher interest rates on Homes by Carlton's development projects, supporting their ability to service loans and maintain the cash flows necessary to preserve Carlton Bonds PLC's exemplary payment record.
Development Portfolio Performance
Project Delivery: The success of Homes by Carlton's development projects directly impacts our interest income and ability to service Carlton Bonds PLC obligations. Close monitoring of project delivery, sales performance and cost management remains essential.
Market Conditions: Softening housing demand due to affordability challenges affects Homes by Carlton's sales rates and margins, which in turn influences the timing and quantum of loan repayments. To date, interest payments loans have been repaid on the due dates with a 100% success record.
Concentration Risk
Single Borrower Exposure: The company's lending is concentrated primarily with Homes by Carlton, creating inherent concentration risk. However, this is mitigated by the integrated nature of the business model and shared management oversight across the group.
Carlton Lending Limited
Strategic Report for the Year Ended 31 January 2026
Market awareness
Macroeconomic Environment
We continue to monitor macroeconomic factors that affect both our funding costs through Carlton Bonds PLC and Homes by Carlton's development activities. The persistence of inflation and elevated interest rates creates challenges for both funding arrangements and development project viability, requiring careful coordination across the group to maintain adequate returns for bondholders.
Integrated Business Model Benefits
The integrated business model provides significant advantages including shared expertise, coordinated project planning, and aligned incentives across the funding and development functions.
The integrated approach also enables more effective capital allocation and risk management compared to arm's length lending relationships, while the cost savings enhance returns across the development portfolio.
Group Coordination
Close collaboration with Homes by Carlton enables proactive management of funding requirements, project timing, and cash flow optimization across the group. This integrated approach supports more effective navigation of market cycles and economic uncertainties.
Assessment of viability
Our viability assessment has been updated to reflect the current economic environment and our operational response, underpinned by Carlton Bonds PLC's exceptional track record of 100% on-time interest payments and full bond redemptions. This proven performance history provides strong evidence of the business model's resilience through various market cycles.
We have modelled various scenarios including:
Base Case: Gradual economic recovery with interest rates beginning to decline in late 2025, supporting renewed development activity and continued reliable servicing of bond obligations, maintaining our perfect payment record. The funding cost advantage over external lenders enhances the likelihood of this scenario by supporting project viability throughout the cycle.
Adverse Scenario: Prolonged elevated interest rates combined with continued weakness in housing demand, requiring enhanced coordination between Carlton Lending and Homes by Carlton to maintain cash flow adequacy for bond servicing. However, the 2-3% cost advantage over specialist property lenders provides significant resilience, allowing development activity to continue where competitors may be constrained by financing costs.
Carlton Lending Limited
Strategic Report for the Year Ended 31 January 2026
Severe Scenario: Economic recession combined with significant property market correction, testing the integrated business model's ability to maintain the exemplary bond payment record. Even in this scenario, the substantial funding cost advantage provides a competitive buffer that supports project viability and cash generation relative to externally financed competitors.
Under all scenarios, the continued support of Carlton Bonds PLC remains critical to our operations, while the historical performance provides confidence in management's ability to navigate challenging conditions. Management's response strategies include:
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Maintaining strict oversight of cash flows to preserve bond payment reliability |
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Enhanced coordination with Homes by Carlton to optimize project timing and cash generation |
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Preserving liquidity through careful cash management to protect our perfect payment record |
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Drawing on proven experience of managing through previous market cycles while maintaining full bond obligations. The Company has navigated the market impact of CV19 and other world economic events in the last 6 years. |
The combination of Carlton Bonds PLC's unbroken record of meeting all investor commitments and the confirmed ongoing support within the integrated group structure provides the Directors with reasonable expectation that the Company will be able to continue in operation and meet its liabilities and obligations as they fall due over the period to 31 January 2026.
Going concern
The Directors have given careful consideration to the going concern basis of preparation for these financial statements. While the company's liabilities exceed its assets at the balance sheet date, creating an inherent uncertainty, the ongoing financial support commitment from Carlton Bonds PLC provides the necessary foundation for continued operations.
The parent company has confirmed its intention to provide continued financial support to enable the company to meet its obligations as they fall due. This support, combined with our conservative approach to new lending and focus on portfolio management, provides the Directors with reasonable assurance about the company's ability to continue as a going concern.
As a result of this assessment, the Directors consider it appropriate to prepare the financial statements on a going concern basis.
Approved and authorised by the
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Carlton Lending Limited
Directors' Report for the Year Ended 31 January 2026
The directors present their report and the financial statements for the year ended 31 January 2026.
Directors of the company
The directors who held office during the year were as follows:
Going concern
The directors are satisfied that the company will have sufficient liquid resources available to meet its obligations as they fall due. On the basis of the company’s financial position and performance, the directors have a reasonable expectation that the company will be able to continue in business for the next 12 months. This includes an updated assessment of the impact of the current economic climate in the UK. For this reason, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
The company is dependent upon the continued support of Carlton Bonds PLC. Notwithstanding that the company’s assets are exceeded by its liabilities at the Balance Sheet date, creating an uncertainty relating to going concern, the ongoing support from the parent company means that the Directors have concluded that preparing the accounts on the going concern basis is appropriate.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Approved and authorised by the
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Carlton Lending Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Carlton Lending Limited
Independent Auditor's Report to the Members of Carlton Lending Limited
Opinion
We have audited the financial statements of Carlton Lending Limited (the 'company') for the year ended 31 January 2026, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 January 2026 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Carlton Lending Limited
Independent Auditor's Report to the Members of Carlton Lending Limited
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page 7, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Carlton Lending Limited
Independent Auditor's Report to the Members of Carlton Lending Limited
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Extent to which the audit was considered capable of detecting irregularities, including fraud
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
Identifying and assessing potential risks related to irregularities
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
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the nature of the industry, control environment and understanding of the entity including, but not restricted to, the prevalence of fraud in current uncertain economic environment; |
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results of our enquiries of directors about their own identification and assessment of the risks of irregularities; |
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any matters we identified having obtained and reviewed the company’s documentation of their policies and procedures relating to: |
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identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; |
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detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; |
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the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; |
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the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. |
As a result of these procedures, we considered the opportunities that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to cash income. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006 and UK tax legislation.
Carlton Lending Limited
Independent Auditor's Report to the Members of Carlton Lending Limited
Our procedures to respond to risks identified included the following:
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reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; |
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enquiring of directors concerning actual and potential litigation and claims; |
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performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; |
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reading minutes of meetings of those charged with governance; |
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tested a sample of income for understatement and consideration given to revenue recognition accounting policies. |
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in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. |
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.
Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Carlton Lending Limited
Independent Auditor's Report to the Members of Carlton Lending Limited
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
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For and on behalf of
Chartered Accountants
6 Atholl Crescent
Perth
PH1 5JN
Carlton Lending Limited
Profit and Loss Account for the Year Ended 31 January 2026
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Note |
2026 |
2025 |
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|
Turnover |
- |
- |
|
|
Gross profit/(loss) |
- |
- |
|
|
Administrative expenses |
( |
( |
|
|
Operating loss |
(237,262) |
(238,504) |
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|
Other interest receivable and similar income |
|
|
|
|
Interest payable and similar expenses |
( |
( |
|
|
237,339 |
239,024 |
||
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Profit before tax |
|
|
|
|
Tax on profit |
( |
( |
|
|
Profit for the financial year |
|
|
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Carlton Lending Limited
Statement of Comprehensive Income for the Year Ended 31 January 2026
|
2026 |
2025 |
|
|
Profit for the year |
|
|
|
Total comprehensive income for the year |
|
|
Carlton Lending Limited
(Registration number: 11797097)
Statement of Financial Position as at 31 January 2026
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Note |
2026 |
2025 |
|
|
Current assets |
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Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
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Creditors: Amounts falling due within one year |
( |
( |
|
|
Total assets less current liabilities |
( |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Net liabilities |
( |
( |
|
|
Capital and reserves |
|||
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Called up share capital |
1 |
1 |
|
|
Retained earnings |
(6,751) |
(6,808) |
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|
Shareholders' deficit |
(6,750) |
(6,807) |
Approved and authorised by the
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Carlton Lending Limited
Statement of Changes in Equity for the Year Ended 31 January 2026
|
Share capital |
Retained earnings |
Total |
|
|
At 1 February 2025 |
|
( |
( |
|
Profit for the year |
- |
|
|
|
At 31 January 2026 |
|
( |
( |
|
Share capital |
Retained earnings |
Total |
|
|
At 1 February 2024 |
|
( |
( |
|
Profit for the year |
- |
|
|
|
At 31 January 2025 |
1 |
(6,808) |
(6,807) |
Carlton Lending Limited
Statement of Cash Flows for the Year Ended 31 January 2026
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Note |
2026 |
2025 |
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Cash flows from operating activities |
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Profit for the year |
|
|
|
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Adjustments to cash flows from non-cash items |
|||
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Finance income |
( |
( |
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Finance costs |
|
|
|
|
Income tax expense |
|
|
|
|
( |
( |
||
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Working capital adjustments |
|||
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(Increase)/decrease in trade debtors |
( |
|
|
|
Increase/(decrease) in trade creditors |
|
( |
|
|
Net cash flow from operating activities |
( |
( |
|
|
Cash flows from investing activities |
|||
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Interest received |
|
|
|
|
Cash flows from financing activities |
|||
|
Interest paid |
( |
( |
|
|
Proceeds from bank borrowing draw downs |
( |
( |
|
|
Net cash flows from financing activities |
( |
( |
|
|
Net (decrease)/increase in cash and cash equivalents |
( |
|
|
|
Cash and cash equivalents at 1 February |
|
|
|
|
Cash and cash equivalents at 31 January |
955 |
1,214 |
|
Carlton Lending Limited
Notes to the Financial Statements for the Year Ended 31 January 2026
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom 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.
The financial statements are presented in sterling (£) and rounded to the nearest £1.
Going concern
The financial statements have been prepared on a going concern basis. The directors are satisfied that the company will have sufficient liquid resources available to meet its obligations as they fall due. On the basis of the company’s financial position and performance, the directors have a reasonable expectation that the company will be able to continue in business for the next 12 months. This includes an updated assessment of the impact of the current economic climate. For this reason, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
The company is dependent upon the continued support of Carlton Bonds PLC. Notwithstanding that the company’s assets are exceeded by its liabilities at the Balance Sheet date, creating an uncertainty relating to going concern, the ongoing support from the parent company means that the Directors have concluded that preparing the accounts on the going concern basis is appropriate.
Carlton Lending Limited
Notes to the Financial Statements for the Year Ended 31 January 2026
Revenue recognition
Turnover represents amounts derived from the provision of services that fall within the company's ordinary activities, stated net of value added tax. Turnover is recognised as earned on an accruals basis.
Tax
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and bank deposits.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
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.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Financial instruments
Carlton Lending Limited
Notes to the Financial Statements for the Year Ended 31 January 2026
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Other interest receivable and similar income |
|
2026 |
2025 |
|
|
Other interest received |
|
|
|
Interest payable and similar expenses |
|
2026 |
2025 |
|
|
Interest expense on other finance liabilities |
|
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Staff costs |
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
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2026 |
2025 |
|
|
Company directors |
|
|
|
|
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There were no employees during this year or last.
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Auditors' remuneration |
|
2026 |
2025 |
|
|
Audit of the financial statements |
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Carlton Lending Limited
Notes to the Financial Statements for the Year Ended 31 January 2026
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Taxation |
Tax charged/(credited) in the profit and loss account
|
2026 |
2025 |
|
|
Deferred taxation |
||
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Arising from origination and reversal of timing differences |
|
|
The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2025 - the same as the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2026 |
2025 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Effect of tax losses |
( |
( |
|
Deferred tax expense from unrecognised tax loss or credit |
|
|
|
Total tax charge |
|
|
Deferred tax
Deferred tax assets and liabilities
|
2026 |
Asset |
|
Deferred tax asset |
|
|
|
|
2025 |
Asset |
|
Deferred tax asset |
|
|
|
The company has estimated tax losses of £9,001 (2025: £9,078) available for carry forward against future trading profits.
Carlton Lending Limited
Notes to the Financial Statements for the Year Ended 31 January 2026
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Debtors |
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Current |
Note |
2026 |
2025 |
|
Trade debtors |
|
|
|
|
Other debtors |
|
|
|
|
Accrued income |
|
|
|
|
Deferred tax assets |
|
|
|
|
|
|
|
Cash and cash equivalents |
|
2026 |
2025 |
|
|
Cash at bank |
|
|
|
Creditors |
|
Note |
2026 |
2025 |
|
|
Due within one year |
|||
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Loans and borrowings |
|
|
|
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Trade creditors |
- |
|
|
|
Amounts due to related parties |
|
|
|
|
Accruals |
|
|
|
|
|
|
||
|
Due after one year |
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|
Loans and borrowings |
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Carlton Lending Limited
Notes to the Financial Statements for the Year Ended 31 January 2026
|
Share capital |
Allotted, called up and fully paid shares
|
2026 |
2025 |
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|
No. |
£ |
No. |
£ |
|
|
|
|
1 |
|
1 |
Rights, preferences and restrictions
|
Ordinary shares have the following rights, preferences and restrictions: |
|
Reserves |
Called up share capital
Represents the nominal value of the shares issued.
Profit and loss account
Includes current period retained profits and losses.
|
Loans and borrowings |
Current loans and borrowings
|
2026 |
2025 |
|
|
Bank borrowings |
|
|
Non-current loans and borrowings
|
2026 |
2025 |
|
|
Bank borrowings |
|
|
Carlton Lending Limited
Notes to the Financial Statements for the Year Ended 31 January 2026
|
Related party transactions |
Summary of transactions with parent
|
Parent and ultimate parent undertaking |
The company's immediate parent is Carlton Bonds PLC, incorporated in England and Wales.
Carlton Lending Limited is a wholly owned subsidiary of Carlton Bonds PLC.
The most senior parent entity producing publicly available group financial statements is Carlton Bonds PLC. These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.