Carisbrooke Investments General Partner - Dormant accounts - members and to registrar (filleted) 18.1.1

REGISTERED NUMBER: 03818306 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

CARISBROOKE INVESTMENTS GENERAL PARTNER

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C J Phoenix

SECRETARY:

C J Phoenix

REGISTERED OFFICE:

49 Berkeley Square

London

W1J 5AZ

REGISTERED NUMBER:

03818306 (England and Wales)

CURRENT ASSETS

Debtors

5

200

CREDITORS

Amounts falling due within one year

6

150,010

NET CURRENT LIABILITIES

(149,810

)

(149,810

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(149,810

)

(149,810

)

CAPITAL AND RESERVES

Called up share capital

200

Retained earnings

(150,010

)

(150,010

)

SHAREHOLDERS' FUNDS

(149,810

)

(149,810

)

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director on 4 December 2019 and were signed by:

C J Phoenix - Director

1.	STATUTORY INFORMATION

Carisbrooke Investments General Partner 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.

The presentation currency of the financial statements is the Pound Sterling (£).

These financial statements cover the entity as an individual company.

The figures in the financial statements are rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The entity is part of a group of entities ('group companies'), that are subject to common control by virtue of the

common key management team and common beneficial ownership (the latter being referred to as 'ultimate

beneficiaries'), which includes, but is not limited to, Carisbrooke Investments Limited Partnership, Carisbrooke

Investments General Partner Limited and Carisbrooke Arkle Limited Liability Partnership. The overall

indebtedness of these entities and the cross guarantees entered into by them mean that in effect this entity is a

going concern only if all the entities under common control are a going concern, given that the recoverability of

the debtors of this entity, and hence the ability of the entity to settle its debts as they fall due, relies upon the

financial performance of these entities under common control. The loan is in default, is therefore repayable on

demand at the option of the lender, and is secured on the assets to which it relates.

The financial statements of the entity and of the group companies have not been prepared on a going concern

basis. This is on the basis that funds generated from the operations of the entities are, in principle, due to the

bank in full as a consequence of the loans being in default and repayable on demand at the option of the lender.

At present the bank is permitting the directors to utilise an appropriate proportion of these funds to meet the day

to day obligations of the group. However the Directors and/or General Partners of the group companies are of

the opinion that they cannot conclude with reasonable certainty that the bank will continue to do so for the

foreseeable future, nor that the funds made available in such a way can meet the obligations of the group

companies as and when they fall due. Accordingly these financial statements are drawn up on a break up basis.

Appropriate adjustments have been made to the carrying values of assets and liabilities to reflect this basis of

preparation.

Investments

Investments are stated at cost less provision for impairment.

4.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2019

2018

£

Capital contribution

10

Amount written off investment

(10

)

(10

)

-

The company holds a minority interest in Carisbrooke Investments Limited Partnership, an investment

partnership, who's registered office is 22 Grosvenor Square, London, W1X 0DT. The director is of the opinion

that this investment has no value, therefore during the year, the investment has been written down to £nil

The partnership is a subsidiary undertaking due to the management role performed by Carisbrooke Investments

General Partner Limited.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Other debtors

200

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Amounts owed to participating interests

150,000

Other creditors

10

150,010

7.	CONTINGENT LIABILITIES

The company, along with Carisbrooke Arkle LLP are guarantors to a bank facility provided to Carisbrooke

Investments Limited Partnership ('CILP').

8.	RELATED PARTY DISCLOSURES

At the year end, £150,000 was due to the company from Carisbrooke Investments Limited Partnership, a related

party, however this advance continues to be deemed irrecoverable and therefore remains fully provided for.