Company No: 03193939 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	4,350		22,163
Tangible assets	4	9,972		3,811
Investments	5	208,712		162,431
		223,034		188,405
Current assets
Debtors	6	376,688		328,802
Cash at bank and in hand		399,847		346,493
		776,535		675,295
Creditors: amounts falling due within one year	7	( 668,159)		( 477,823)
Net current assets		108,376		197,472
Total assets less current liabilities		331,410		385,877
Creditors: amounts falling due after more than one year	8	( 5,286)		( 15,779)
Net assets		326,124		370,098
Capital and reserves
Called-up share capital	9	3,500		3,500
Capital contribution reserve		1,500		1,500
Other reserves	11	14,735		( 14,266 )
Profit and loss account		306,389		379,364
Total shareholders' funds		326,124		370,098

For the financial year ending 31 March 2025 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 Income Statement has not been delivered.

The financial statements of Carrington Investment Consultants Limited (registered number: 03193939) were approved and authorised for issue by the Board of Directors on 21 November 2025. They were signed on its behalf by:

M Hodges Director

A Candlish Director

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

Carrington Investment Consultants Limited (the Company) 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 1 Chapel Place,4th Floor, London, England, W1G 0BG, 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 £.

Turnover

Turnover represents amounts receivable for services net of trade discounts.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, 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 or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	depreciated over the life of the lease
Plant and machinery etc.	3 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.

Leases

The Company as lessee
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Impairment of assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Fixed asset investments

Investment in listed entities and bonds are initially recorded at cost and subsequently measured at market value by reference to the stock and bond price at the year end. The fair value movement is recognised in the income statement.

Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand.

Financial instruments

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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable 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 company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charges as an expense as they fall due.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	16		16

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	454,803		454,803
At 31 March 2025	454,803		454,803
Accumulated amortisation
At 01 April 2024	432,640		432,640
Charge for the financial year	17,813		17,813
At 31 March 2025	450,453		450,453
Net book value
At 31 March 2025	4,350		4,350
At 31 March 2024	22,163		22,163

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2024	55,324		80,185		135,509
Additions	0		10,737		10,737
At 31 March 2025	55,324		90,922		146,246
Accumulated depreciation
At 01 April 2024	55,121		76,577		131,698
Charge for the financial year	203		4,373		4,576
At 31 March 2025	55,324		80,950		136,274
Net book value
At 31 March 2025	0		9,972		9,972
At 31 March 2024	203		3,608		3,811

5. Fixed asset investments

	2025		2024
	£		£
Other investments and loans	208,712		162,431

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	162,431		162,431
Additions	160,690		160,690
Disposals	( 118,114)		( 118,114)
Valuation chages	3,705		3,705
At 31 March 2025	208,712		208,712
Carrying value at 31 March 2025	208,712		208,712
Carrying value at 31 March 2024	162,431		162,431

6. Debtors

	2025		2024
	£		£
Trade debtors	270,193		248,054
Corporation tax	939		939
Other debtors	105,556		79,809
	376,688		328,802

Trade debtors disclosed above are measured at amortised cost.

Included within other debtors are loan receivable balances of £6,230 (2024: £6,230 ) which are unsecured, interest free, have no fixed date of repayment and repayable on demand.

Included within other debtors is a balance of £516 (2024: £1,333) due from the directors of the company. Interest is charged at the HM Revenue & Customs official rate. The loan is unsecured and repayable on demand.

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,375		10,000
Trade creditors	138,688		0
Amounts owed to Group undertakings	10,438		10,438
Taxation and social security	216,970		168,164
Other creditors	291,688		289,221
	668,159		477,823

Included within other creditors are loan payable balances of £10,438 (2024: £10,438) which are unsecured, interest free and repayable on demand.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	5,286		15,779

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
3,500 Ordinary shares of £ 1.00 each	3,500		3,500

10. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Director loan account	516		1,333

Other related party transactions

	2025		2024
	£		£
The following amounts were outstanding at the reporting end date:	0		0
Amounts due from related parties	6,230		6,230

11. Reserves

Capital redemption reserve

This reserve records the nominal amount of the shares repurchased by the company.

Other reserves

Other reserves relates to non-distributable reserves arising from the fair value movement on listed investments less deferred tax,

Profit and loss reserves

Retained earnings represents accumulated comprehensive income for the year and prior periods less dividends paid.

12. Operating lease commitments

	2025		2024
	£		£
Lease	438,138		606,618