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REGISTERED NUMBER: 03289768 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

CONTINENTAL COACHWORKS (LONDON) LIMITED

CONTINENTAL COACHWORKS (LONDON) LIMITED (Registered number: 03289768)

Contents of the Financial Statements
for the Year Ended 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CONTINENTAL COACHWORKS (LONDON) LIMITED

Company Information
for the Year Ended 31 MARCH 2023







DIRECTOR: H K Amin





REGISTERED OFFICE: 112-114 North End Road
West Kensington
London
W14 9PP





REGISTERED NUMBER: 03289768 (England and Wales)





ACCOUNTANTS: Frasers Young Limited
Chartered Certified Accountants
Alpha House
296 Kenton Road
Harrow
HA3 8DD

CONTINENTAL COACHWORKS (LONDON) LIMITED (Registered number: 03289768)

Balance Sheet
31 MARCH 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,550,724 3,537,916

CURRENT ASSETS
Stocks 19,233 5,655
Debtors 5 1,203,025 1,153,838
Cash at bank and in hand 414,854 323,010
1,637,112 1,482,503
CREDITORS
Amounts falling due within one year 6 (617,615 ) (402,363 )
NET CURRENT ASSETS 1,019,497 1,080,140
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,570,221

4,618,056

CREDITORS
Amounts falling due after more than one year 7 (1,649,286 ) (2,108,994 )

PROVISIONS FOR LIABILITIES (337,869 ) (338,069 )
NET ASSETS 2,583,066 2,170,993

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 2,582,967 2,170,894
SHAREHOLDERS' FUNDS 2,583,066 2,170,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

CONTINENTAL COACHWORKS (LONDON) LIMITED (Registered number: 03289768)

Balance Sheet - continued
31 MARCH 2023


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 and authorised for issue on 24 October 2023 and were signed by:





H K Amin - Director


CONTINENTAL COACHWORKS (LONDON) LIMITED (Registered number: 03289768)

Notes to the Financial Statements
for the Year Ended 31 MARCH 2023


1. STATUTORY INFORMATION

CONTINENTAL COACHWORKS (LONDON) 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.

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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - NIL
Plant & machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25 % on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

CONTINENTAL COACHWORKS (LONDON) LIMITED (Registered number: 03289768)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Freehold & long leasehold properties.
Freehold & long leasehold properties are included at fair value. Gains are recognised in the statement of recognised gains and losses the income statement. Deferred taxation is provided on these gains at the rate
expected to apply when the property is sold.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant & and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 April 2022 3,521,500 74,844 65,622
Additions 14,130 - -
At 31 March 2023 3,535,630 74,844 65,622
DEPRECIATION
At 1 April 2022 - 63,005 64,673
Charge for year - 1,775 142
At 31 March 2023 - 64,780 64,815
NET BOOK VALUE
At 31 March 2023 3,535,630 10,064 807
At 31 March 2022 3,521,500 11,839 949

CONTINENTAL COACHWORKS (LONDON) LIMITED (Registered number: 03289768)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 24,471 10,656 3,697,093
Additions - 1,423 15,553
At 31 March 2023 24,471 12,079 3,712,646
DEPRECIATION
At 1 April 2022 24,388 7,111 159,177
Charge for year 83 745 2,745
At 31 March 2023 24,471 7,856 161,922
NET BOOK VALUE
At 31 March 2023 - 4,223 3,550,724
At 31 March 2022 83 3,545 3,537,916

Property is shown at a most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss account.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 237,821 189,503
Amounts owed by group undertakings 951,000 943,500
Other debtors 14,204 20,835
1,203,025 1,153,838

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 195,042 117,134
Taxation and social security 223,203 116,402
Other creditors 199,370 168,827
617,615 402,363

CONTINENTAL COACHWORKS (LONDON) LIMITED (Registered number: 03289768)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 649,304 957,500
Other creditors 999,982 1,151,494
1,649,286 2,108,994

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 649,304 957,500

8. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.