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REGISTERED NUMBER: 07366731 (England and Wales)















Cater Cunningham Limited

Unaudited Financial Statements

for the year ended

31 May 2023






Cater Cunningham Limited (Registered number: 07366731)

Contents of the Financial Statements
for the year ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Chartered Accountants' Report 6

Cater Cunningham Limited

Company Information
for the year ended 31 May 2023







DIRECTORS: M P Cater
A Iles





REGISTERED OFFICE: Cater Cunningham House
St Helens Way
Thetford
Norfolk
IP24 1HG





REGISTERED NUMBER: 07366731 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT

Cater Cunningham Limited (Registered number: 07366731)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 260,360 273,248
Investments 5 995,010 995,010
1,255,370 1,268,258

CURRENT ASSETS
Debtors 6 144,966 98,710
Cash at bank and in hand 94,431 6,185
239,397 104,895
CREDITORS
Amounts falling due within one year 7 (96,001 ) (86,210 )
NET CURRENT ASSETS 143,396 18,685
TOTAL ASSETS LESS CURRENT LIABILITIES 1,398,766 1,286,943

PROVISIONS FOR LIABILITIES (22,047 ) (18,601 )
NET ASSETS 1,376,719 1,268,342

CAPITAL AND RESERVES
Called up share capital 8 43,125 46,875
Revaluation reserve 9 56,933 56,933
Capital redemption reserve 16,875 13,125
Retained earnings 1,259,786 1,151,409
SHAREHOLDERS' FUNDS 1,376,719 1,268,342

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

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

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 20 February 2024 and were signed on its behalf by:





M P Cater - Director


Cater Cunningham Limited (Registered number: 07366731)

Notes to the Financial Statements
for the year ended 31 May 2023


1. STATUTORY INFORMATION

Cater Cunningham 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. 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 - 2% on cost
Fixtures and fittings - 10 - 25% on cost
Motor vehicles - 25% - 50% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost, less any impairments which are felt necessary by the directors.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

Cater Cunningham Limited (Registered number: 07366731)

Notes to the Financial Statements - continued
for the year ended 31 May 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 June 2022 264,933 15,261 9,367 88,147 377,708
Additions - 3,000 - 6,517 9,517
At 31 May 2023 264,933 18,261 9,367 94,664 387,225
DEPRECIATION
At 1 June 2022 32,650 8,891 9,367 53,552 104,460
Charge for year 3,179 1,807 - 17,419 22,405
At 31 May 2023 35,829 10,698 9,367 70,971 126,865
NET BOOK VALUE
At 31 May 2023 229,104 7,563 - 23,693 260,360
At 31 May 2022 232,283 6,370 - 34,595 273,248

Included in cost or valuation of land and buildings is freehold land of £ 105,973 (2022 - £ 105,973 ) which is not depreciated.

Cost or valuation at 31 May 2023 is represented by:

Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
Valuation in 2018 56,933 - - - 56,933
Cost 208,000 18,261 9,367 94,664 330,292
264,933 18,261 9,367 94,664 387,225

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 208,000 208,000
Aggregate depreciation 28,129 25,633

Value of land in freehold land and buildings 83,200 83,200

Freehold land and buildings were valued on an open market basis on 31 May 2018 by the directors .

Cater Cunningham Limited (Registered number: 07366731)

Notes to the Financial Statements - continued
for the year ended 31 May 2023


5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 995,000 10 995,010
NET BOOK VALUE
At 31 May 2023 995,000 10 995,010
At 31 May 2022 995,000 10 995,010

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 37,109 39,561
Amounts owed by associates 55,000 -
Other debtors 52,857 59,149
144,966 98,710

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 773 -
Hire purchase contracts 2,831 9,626
Trade creditors 3,105 3,898
Taxation and social security 54,729 44,706
Other creditors 34,563 27,980
96,001 86,210

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
30,000 Ordinary A £1 30,000 30,000
13,125 Ordinary B £1 13,125 16,875
43,125 46,875

9. RESERVES
Revaluation
reserve
£   
At 1 June 2022
and 31 May 2023 56,933

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Cater Cunningham Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cater Cunningham Limited for the year ended 31 May 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cater Cunningham Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cater Cunningham Limited and state those matters that we have agreed to state to the Board of Directors of Cater Cunningham Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cater Cunningham Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cater Cunningham Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cater Cunningham Limited. You consider that Cater Cunningham Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cater Cunningham Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT


20 February 2024