The Carlton Forest Partnership Limited - Accounts to registrar (filleted) - small 18.2
The Carlton Forest Partnership Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the year ended |
31 July 2021 |
for |
The Carlton Forest Partnership Limited |
The Carlton Forest Partnership Limited (Registered number: 07119706) |
Contents of the Financial Statements |
for the year ended 31 July 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
The Carlton Forest Partnership Limited |
Company Information |
for the year ended 31 July 2021 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Oak Tree House, Harwood Road |
Northminster Business Park |
Upper Poppleton |
York |
YO26 6QU |
The Carlton Forest Partnership Limited (Registered number: 07119706) |
Balance Sheet |
31 July 2021 |
2021 | 2020 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 |
The Carlton Forest Partnership Limited (Registered number: 07119706) |
Notes to the Financial Statements |
for the year ended 31 July 2021 |
1. | STATUTORY INFORMATION |
The Carlton Forest Partnership Limited is a |
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 undertaking business activities. 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. |
Income recognition |
Income is recognised when the conditions contained within a contract for services have been met. |
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 (2020 - NIL). |
The Carlton Forest Partnership Limited (Registered number: 07119706) |
Notes to the Financial Statements - continued |
for the year ended 31 July 2021 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Other debtors |
VAT |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Preference shares |
Other creditors |
Directors' current accounts | 528,108 | 539,745 |
Accruals and deferred income |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
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 |
2021 | 2020 |
£ | £ |
Amount due to the directors | 528,108 | 539,745 |
No interest is charged on the directors loan accounts. |