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Unaudited Financial Statements for the Year Ended 30 June 2022 |
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CARRINGTON BROTHERS LIMITED |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 June 2022 |
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for |
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CARRINGTON BROTHERS LIMITED |
CARRINGTON BROTHERS LIMITED (REGISTERED NUMBER: 05159058) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2022 |
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Page |
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Balance Sheet | 1 |
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Notes to the Financial Statements | 3 |
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CARRINGTON BROTHERS LIMITED (REGISTERED NUMBER: 05159058) |
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Balance Sheet |
30 June 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 7 | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
CARRINGTON BROTHERS LIMITED (REGISTERED NUMBER: 05159058) |
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Balance Sheet - continued |
30 June 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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CARRINGTON BROTHERS LIMITED (REGISTERED NUMBER: 05159058) |
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Notes to the Financial Statements |
for the Year Ended 30 June 2022 |
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1. | STATUTORY INFORMATION |
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Carrington Brothers Limited is a
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Registered number: |
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Registered office: |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
CARRINGTON BROTHERS LIMITED (REGISTERED NUMBER: 05159058) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2022 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 July 2021 |
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Revaluations | 55,294 |
At 30 June 2022 |
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NET BOOK VALUE |
At 30 June 2022 |
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At 30 June 2021 |
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Fair value at 30 June 2022 is represented by: |
£ |
Valuation in 2022 | 55,294 |
Cost | 1,145,706 |
1,201,000 |
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If investment property had not been revalued it would have been included at the following historical cost: |
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2022 | 2021 |
£ | £ |
Cost | 1,145,706 | 1,139,562 |
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Investment Property was valued on an open market basis on 23 January 2022 by the directors . |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Prepayments |
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CARRINGTON BROTHERS LIMITED (REGISTERED NUMBER: 05159058) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2022 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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2022 | 2021 |
£ | £ |
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Trade creditors | 545 | - |
Taxation and social security | 1,553 | 1,933 |
Other creditors | 606,390 | 621,474 |
Accruals | 1,290 | 1,260 |
609,778 | 624,667 |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans (see note 8) |
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8. | LOANS |
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An analysis of the maturity of loans is given below: |
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2022 | 2021 |
£ | £ |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2022 | 2021 |
£ | £ |
Bank loans |
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Bank loans are secured against the properties in the company. |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
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Ordinary Shares | £1 | 500 | 500 |