Registration number: 12563375

Carroll Developments Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Carroll Developments Ltd

(Registration number: 12563375)
Balance Sheet as at 31 August 2026

	Note	2026 £	2025 £
Current assets
Stocks	5	-	230,000
Cash at bank and in hand		-	6,977
		-	236,977
Creditors: Amounts falling due within one year	6	(71,744)	(295,406)
Total assets less current liabilities		(71,744)	(58,429)
Provisions for liabilities		-	15,738
Net liabilities		(71,744)	(42,691)
Capital and reserves
Called up share capital		100	100
Retained earnings		(71,844)	(42,791)
Shareholders' deficit		(71,744)	(42,691)

For the financial period ending 31 August 2026 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 period 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 October 2026
 

......................................... S P Carroll Director

Carroll Developments Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2025 to 31 August 2026

1	General information

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

The company has ceased to trade at 31 August 2026.

The address of its registered office is:
7a King Street
Frome
Somerset
BA11 1BH

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 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred 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.

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.

Carroll Developments Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2025 to 31 August 2026

Tangible assets

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

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2 (2025 - 2).

Carroll Developments Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2025 to 31 August 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 May 2025	400	400
Disposals	(400)	(400)
At 31 August 2026	-	-
Depreciation
At 1 May 2025	400	400
Eliminated on disposal	(400)	(400)
At 31 August 2026	-	-
Net book value
At 31 August 2026	-	-

5

Stocks

	2026 £	2025 £
Work in progress	-	230,000

Carroll Developments Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2025 to 31 August 2026

6

Creditors

Amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	-	355
Taxation and social security	-	106
Accruals and deferred income	2,148	2,088
Other creditors	-	2,104
Loan from director	69,596	290,753
	71,744	295,406