In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Carley Cottage Ltd for the year ended 30 September 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Carley Cottage Ltd, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Carley Cottage Ltd and state those matters that we have agreed to state to the Board of Directors of Carley Cottage Ltd, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Carley Cottage Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Carley Cottage Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Carley Cottage Ltd. You consider that Carley Cottage Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Carley Cottage Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Carley Cottage Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Victoria House, 178-180 Fleet Road, Fleet, Hampshire, GU51 4DA.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In reaching this conclusion, the directors have taken into account their intention and ability to provide ongoing support to the company. Accordingly, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.true

Revenue represents the total rentals receivable by the company. Revenue is recognised in accordance with the time periods to which the rental amounts relate.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

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 current liabilities.

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument.

Debtors do not carry interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The following judgements have had the most significant effect on amounts recognised in the financial statements.

The directors have exercised judgement in assessing the fair value of the company's investment property. The property is held solely to earn rental income and for capital appreciation and is therefore classified as investment property under FRS 102. The directors have considered available market information and their knowledge of the property and have concluded that there has been no material change in its fair value during the year. Accordingly, the carrying value of the investment property has not been adjusted. The directors review this assessment at each reporting date and will recognise any material change in fair value when identified.

The average monthly number of persons (including directors) employed by the company during the year was:

Investment property comprises Carley Cottage. The fair value of the investment property has been arrived at on the basis of valuations carried out in 2022 by estate agents who are not connected with the company. The valuations were made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Bank loans and overdrafts comprise a mortgage secured on the company's investment property, Carley Cottage. The current fixed-rate mortgage term expires in October 2027 and the mortgage is serviced on an interest-only basis.

The mortgage is secured by a fixed charge over the investment property. At the balance sheet date, there is no intention or commitment to dispose of the property. Accordingly, the directors expect that the mortgage facility will be renewed on expiry and that the related borrowing will remain in place for a period exceeding five years. However, the renewal of the facility is subject to agreement with the lender and no binding commitment extending beyond the current mortgage term was in place at the balance sheet date.