Carlton Forest 3PL Holdings Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10637315 (England and Wales)

Financial Statements

for the year ended

31 August 2020

for

Carlton Forest 3PL Holdings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Green Forest Solutions LLP

A M Pepper

D Ward

S A Robson

REGISTERED OFFICE:

Carlton Forest Distribution Centre

Blyth Road

Worksop

Nottinghamshire

S81 0TP

REGISTERED NUMBER:

10637315 (England and Wales)

SENIOR STATUTORY AUDITOR:

Robert Whitehead FCCA

AUDITORS:

Clive Owen LLP

Chartered Accountants

Statutory Auditors

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

FIXED ASSETS

Investments

4

2

3

CURRENT ASSETS

Debtors

5

323

-

Cash at bank and in hand

15

12

338

12

CREDITORS

Amounts falling due within one year

6

69

63

NET CURRENT ASSETS/(LIABILITIES)

269

(51

)

TOTAL ASSETS LESS CURRENT LIABILITIES

271

(48

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

171

(148

)

SHAREHOLDERS' FUNDS

271

(48

)

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 and authorised for issue on 25 November 2020 and were signed on its behalf by:

A M Pepper - Director

1.	STATUTORY INFORMATION

Carlton Forest 3PL Holdings Ltd 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 and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Going concern

The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date the financial statements are approved.

At the date of approval, the country and indeed the rest of the world is in the midst of dealing with the COVID-19 pandemic. The Directors do not consider this has impacted unfavourably on the business but have taken advantage of government support in order to mitigate any possible financial impact. Whilst there is uncertainty around the length of time the COVID-19 pandemic will last and the full impact on the global economy, the directors believe that it is appropriate to continue to adopt the going concern basis of accounting in preparing the financial statements, taking into account the continuing support of the group, the shareholders and finance providers.

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

Preparation of consolidated financial statements

The financial statements contain information about Carlton Forest 3PL Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Green Forest Solutions LLP, Carlton Forest Distribution Centre Carlton Forest, Blyth Road, Worksop, Nottinghamshire, S81 0TP.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A, not to disclose related party transactions with wholly owned subsidiaries within the group or where transactions are deemed to have been conducted at a market rate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2019

3

Disposals

(1

)

At 31 August 2020

2

NET BOOK VALUE

At 31 August 2020

2

At 31 August 2019

3

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Amounts owed by group undertakings

323

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Amounts owed to group undertakings

-

63

Accruals and deferred income

69

-

69

63

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

90

A Ordinary

£1

90

90

10

B Ordinary

£1

10

10

100

100

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Whitehead FCCA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

9.	POST BALANCE SHEET EVENTS

Since the year end the company has entered into a share buy back for 5B ordinary shares.

10.	ULTIMATE PARENT COMPANY

The ultimate parent company is Green Forest Solutions LLP (previously known as Carlton Forest Group LLP), a limited liability partnership, registered in England and Wales. The limited liability partnership's registered office is Carlton Forest Distribution Centre Carlton Forest, Blyth Road, Worksop, Nottinghamshire, S81 0TP.

ULTIMATE CONTROLLING PARTY

The parent undertaking is Carlton Forest Group Holdings Limited, a limited company, registered in England and Wales. The company's registered office is Carlton Forest Distribution Centre Carlton Forest, Blyth Road, Worksop, Nottinghamshire, S81 0TP.