Carr Lane Properties Limited - Accounts

Carr Lane Properties Limited - Accounts

CARR LANE PROPERTIES LIMITED - Company Information

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Registered Number: 05341909
England and Wales

 

 

 

CARR LANE PROPERTIES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

Carr Lane Properties Limited
Contents Page
For the year ended 31 March 2022
Directors Graham Alan Clegg
Jonathan Miles Cockram
Registered Number 05341909
Registered Office 1 Carr Lane
Hoylake
Wirral
Merseyside
CH47 4BG
Accountants Woods Squared Limited
The Old School
188 Liscard Road
Wallasey
Wirral
CH44 5TN
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 March 2022
Principal activities
The companys principal activity during the year was commercial rental.
Directors
The directors who served the company throughout the year were as follows:
Graham Alan Clegg
Jonathan Miles Cockram
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Graham Alan Clegg
Director

Date approved: 08 August 2022
2
 
 		 Notes
 		 2022
£		   2021
£
Fixed assets      
Tangible fixed assets 3 217,151    224,342 
217,151    224,342 
Current assets      
Debtors: amounts falling due within one year 4 1    - 
Cash at bank and in hand 34,950    28,611 
34,951    28,611 
Creditors: amount falling due within one year 5 (127,987)   (133,201)
Net current liabilities (93,036)   (104,590)
 
Total assets less current liabilities 124,115    119,752 
Creditors: amount falling due after more than one year 6 -    (9,010)
Provisions for liabilities 7 (914)   (1,075)
Net assets 123,201    109,667 
 

Capital and reserves 		     
Called up share capital 1,000    1,000 
Profit and loss account 122,201    108,667 
Shareholder's funds 123,201    109,667 
 


For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 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 and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 08 August 2022 and were signed on its behalf by:


--------------------------------
Graham Alan Clegg
Director
3
General Information
Carr Lane Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 05341909, registration address 1 Carr Lane, Hoylake, Wirral, Merseyside, CH47 4BG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the rents received in the period. 
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 2% Straight Line
Plant and Machinery 15% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 0 (2021 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Land and Buildings   Total
  £   £   £
At 01 April 2021 15,000    317,116    332,116 
Additions -    -    - 
Disposals -    -    - 
At 31 March 2022 15,000    317,116    332,116 
Depreciation
At 01 April 2021 9,343    98,431    107,774 
Charge for year 849    6,342    7,191 
On disposals -    -    - 
At 31 March 2022 10,192    104,773    114,965 
Net book values
Closing balance as at 31 March 2022 4,808    212,343    217,151 
Opening balance as at 01 April 2021 5,657    218,685    224,342 


4.

Debtors: amounts falling due within one year

2022
£		   2021
£
Other Debtors 1    - 
1    - 

5.

Creditors: amount falling due within one year

2022
£		   2021
£
Bank Loans & Overdrafts -    11,413 
Taxation and Social Security 4,824    4,137 
Other Creditors 123,163    117,651 
127,987    133,201 

6.

Creditors: amount falling due after more than one year

2022
£		   2021
£
Bank Loans & Overdrafts -    9,010 
-    9,010 

7.

Provisions for liabilities

2022
£		   2021
£
Deferred Tax 914    1,075 
914    1,075 

4