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REGISTERED NUMBER: 01774732 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2023

for

C & D King Limited

C & D King Limited (Registered number: 01774732)






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


C & D King Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: C J A King
D M King
S R King





SECRETARY: D M King





REGISTERED OFFICE: Unit 15 Havenbury Estate
Station Road
Dorking
Surrey
RH4 1ES





REGISTERED NUMBER: 01774732 (England and Wales)





ACCOUNTANTS: Bullimores LLP
Chartered Accountants
Old Printers Yard
156 South Street
Dorking
Surrey
RH4 2HF

C & D King Limited (Registered number: 01774732)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 5,637 3,639

CURRENT ASSETS
Stocks 386,277 205,890
Debtors 6 837,884 17,780
Cash at bank 30,913 313,095
1,255,074 536,765
CREDITORS
Amounts falling due within one year 7 548,531 108,418
NET CURRENT ASSETS 706,543 428,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

712,180

431,986

CREDITORS
Amounts falling due after more than one year 8 220,075 33,333
NET ASSETS 492,105 398,653

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 492,103 398,651
SHAREHOLDERS' FUNDS 492,105 398,653

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 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.

C & D King Limited (Registered number: 01774732)

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 Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:




C J A King - Director



S R King - Director


C & D King Limited (Registered number: 01774732)

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

1. STATUTORY INFORMATION

C & D King 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 (£).


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.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

At each reporting date, assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and an impairment loss is recognised immediately in the income statement.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value. Cost of finished goods and work in progress includes overheads appropriate to the stage of manufacture. Net realisable value is based upon estimated selling price less further costs expected to be incurred to completion and disposal. Provision is made 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.


C & D King Limited (Registered number: 01774732)

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

3. ACCOUNTING POLICIES - continued
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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 50,473 2,894 53,367
Additions 3,878 - 3,878
At 31 March 2023 54,351 2,894 57,245
DEPRECIATION
At 1 April 2022 46,954 2,774 49,728
Charge for year 1,850 30 1,880
At 31 March 2023 48,804 2,804 51,608
NET BOOK VALUE
At 31 March 2023 5,547 90 5,637
At 31 March 2022 3,519 120 3,639

C & D King Limited (Registered number: 01774732)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 4,982 1,057
Amounts owed by group undertakings 816,558 -
Other debtors - 653
Prepayments 16,344 16,070
837,884 17,780

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans < 1 year 31,954 -
Trade creditors 2,496 10,415
Amounts owed to group undertakings - 36,925
Tax 21,493 9,573
Social security and other taxes 2,835 -
VAT 13,275 24,870
Other creditors - 157
Directors' current accounts 463,628 13,628
Accrued expenses 2,850 2,850
548,531 108,418

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 2-5 years 23,333 33,333
Other loans 2-5 years 127,818 -
Other loans > 5 years 68,924 -
220,075 33,333

Amounts falling due in more than five years:

Repayable by instalments
Other loans > 5 years 68,924 -

9. RELATED PARTY DISCLOSURES

A loan of £250,000.00 was provided for on 21st July 2023 by a family member to a director, in order to purchase the Gatwick Metro Centre, an asset held in the parent company Cityrealm Ltd. The loan is payable over a term of 94 months, the implicit rate of interest on this loan is nil..

C & D King Limited (Registered number: 01774732)

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

10. ULTIMATE CONTROLLING PARTY

The immediate parent company, Cityrealm Limited, is under the control of the directors, C J A King, D M King and S R King.