The Carlton Forest Partnership Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07119706 (England and Wales)

Unaudited Financial Statements

for the year ended

31 July 2019

for

The Carlton Forest Partnership Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J D Pepper

A M Pepper

REGISTERED OFFICE:

Carlton Forest Distribution Centre

Blyth Road

Worksop

Nottinghamshire

S81 0TP

REGISTERED NUMBER:

07119706 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

CURRENT ASSETS

Debtors

4

336,983

266,174

Cash at bank

2,193

3,900

339,176

270,074

CREDITORS

Amounts falling due within one year

5

839,163

629,115

NET CURRENT LIABILITIES

(499,987

)

(359,041

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(499,987

)

(359,041

)

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

(499,988

)

(359,042

)

SHAREHOLDERS' FUNDS

(499,987

)

(359,041

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 26 March 2020 and were signed on its behalf by:

A M Pepper - Director

1.	STATUTORY INFORMATION

The Carlton Forest Partnership Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

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 the UK and Republic of Ireland" including the provisions of Section

1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the

historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

The financial statements are prepared on the going concern basis which assumes that the company will continue

to trade. However, the validity of the going concern basis is dependent upon the continued support of the

directors. If the company is unable to continue to trade, adjustments would be required to reduce the value of

assets to their recoverable amounts, to provide for any further liabilities that might arise and to analyse long term

liabilities as current liabilities.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

-

980

Other debtors

175,000

75,000

VAT

193

28,404

Prepayments and accrued income

161,790

161,790

336,983

266,174

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Preference shares

200,000

200,000

Trade creditors

229,483

178,278

Social security and other taxes

-

980

Other creditors

225,437

32,803

Directors' current accounts

182,393

215,804

Accruals and deferred income

1,850

1,250

839,163

629,115

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1

Ordinary

£1

1

1

REDEEMABLE PREFERENCE SHARES

There are 200,000 £1 redeemable cumulative preference shares in issue. These are issued at par and the

cumulative preference shares are redeemable at the option of the holder. They are redeemable at £1 per share and

carry the following rights: The company will without resolution of the board or company in general meeting and

before application of any available profits to reserve or for any other purpose, pay the holders of the preference

shares a fixed cumulative preferential dividend at an annual rate of £0.02 per share to be paid on the first day of

December in each year to the person registered as its holder on the relevant date. On a return on assets on

liquidation, capital reduction or otherwise (other than a conversion, redemption or purchase of shares), the assets

of the company remaining after the payment of its liabilities shall (to the extent that the company is lawfully able

to do so) be applied in first paying to the holders of the preference shares £1.00 per share together with a sum

equal to any arrears and accruals of the preferred dividend calculated down to the date of the return of capital

and, if there is a shortfall in assets remaining to satisfy the entitlements of preference shares in full, the proceeds

shall be distributed to the holders of the preference shares in proportion to the amounts due to each such share

held and second, in paying the ordinary share and preference shares on a pro rata as if they constituted one and

the same class. The preference shares shall confer on each holder of such shares the right to receive notice of

and to attend, speak and vote at all general meetings of the company, and each preference share shall carry one

vote per share.

The earliest redemption date was 01 December 2014.

7.	RELATED PARTY DISCLOSURES

2019

2018

£

£

Amount due to the directors

182,393

215,804

No interest is charged on the directors loan accounts.