Carlton Green Rothwell Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09020238 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 May 2019

for

Carlton Green Rothwell Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

CURRENT ASSETS

Stocks

310,997

713,663

Debtors

4

32,731

40,886

Cash at bank

1,309

12,095

345,037

766,644

CREDITORS

Amounts falling due within one year

5

358,095

779,021

NET CURRENT LIABILITIES

(13,058

)

(12,377

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,058

)

(12,377

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

(13,158

)

(12,477

)

SHAREHOLDERS' FUNDS

(13,058

)

(12,377

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors on 27 February 2020 and were signed on its behalf by:

T J Reeve - Director

1.	STATUTORY INFORMATION

Carlton Green Rothwell Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address are as below:

Registered number:

09020238

Registered office:

Cold Moor Cote Farm

Chop Gate

Middlesbrough

North Yorkshire

TS9 7JJ

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102

"The Financial Reporting Standard applicable in UK and Republic of Ireland" and the Companies Act

2006 as applicable to companies subject to the small companies regime. The disclosure

requirements of section 1A of FRS102 have been applied other than where additional disclosure is

required to give a true and fair view.

The financial statements have been prepared under the historical cost convention.

The company is reliant on the ongoing support of the directors. The directors have confirmed that

they will continue to support the company in the future. On this basis, the directors consider it

appropriate to prepare the financial statements on the going concern basis. The financial statements

do not include any adjustments that would result from the withdrawal of such funding.

Turnover

Turnover represents amounts receivable from sales, net of Value Added Tax, contracted during the

year on developed properties. Income is recognised by reference to the date of exchange in respect

of speculative property developments.

Stocks

Work in progress is valued at the lower of cost and net realisable value. Work in progress is

comprised of the cost of development land together with all construction and associated development

costs incurred at the balance sheet date.

Taxation

Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered)

using the tax rates and laws that have been enacted or substantively enacted by the balance sheet

date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date where transactions or events that result in an obligation to pay more tax in the

future or a right to pay less tax in the future have occurred at the balance sheet date. Timing

differences are differences between the company's taxable profits and its results as stated in the

financial statements that arise from the inclusion of gains and losses in tax assessments in periods

different from those in which they are recognised in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that, on the

basis of all available evidence, it can be regarded as more likely than not that there will be suitable

taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date and are expected to apply to the reversal of the timing difference.

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.

All financial assets and liabilities are initially measured at transaction price (including transaction

costs), except for those financial assets classified as at fair value through profit and loss, which are

initially measured at fair value (which is normally the transaction price excluding transaction costs),

unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing

transaction, the financial asset or financial liability is measured at the present value of the future

payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - Other debtors, cash

and bank balances, trade creditors, other creditors bank loans and inter-company balances.

Other debtors, cash and bank balances, trade creditors, other creditors and inter-company balances

(being repayable on demand) are measured at the amortised cost equivalent to the undiscounted

amount of cash or other consideration expected to be paid or received.

Impairment of assets

Assets are assessed for indicators of impairment at each balance sheet date. If there is objective

evidence of impairment, an impairment loss is recognised in profit and loss as described below.

Financial assets

For financial assets carried at cost less impairment, the impairment loss is the difference between the

asset's carrying amount and the best estimate of the amount that would be received for the asset if it

were sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively

to an event occurring after the impairment was recognised, the prior impairment loss is tested to

determine reversal. An impairment loss is reversed on an individual impaired financial asset to the

extent that the revised recoverable value does not lead to a revised carrying amount higher than the

carrying value had impairment not been recognised.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

32,731

40,886

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

-

139,423

Trade creditors

5,029

-

Other creditors

353,066

639,598

358,095

779,021

6.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

-

139,423

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100

All shares have equal voting rights and rank pari passu