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Registration number: 03541153

Cooling Castle Barn Limited

Annual Report and Financial Statements

for the Year Ended 30 October 2023

 

Cooling Castle Barn Limited

Contents

Company Information

1

Strategic Report

2 to 3

Directors' Report

4

Statement of Directors' Responsibilities

5

Independent Auditor's Report

6 to 10

Profit and Loss Account

11

Statement of Comprehensive Income

12

Balance Sheet

13

Statement of Changes in Equity

14

Statement of Cash Flows

15

Notes to the Financial Statements

16 to 28

 

Cooling Castle Barn Limited

Company Information

Directors

Ms Rebecca Collins

Ms Sally Collins

Ms Kerri-Anne Chappell

Registered office

Cooling Castle Barn
Main Road
Cooling
Rochester
Kent
ME3 8DT

Auditors

Pure Audit Limited
Chartered Certified Accountants and Statutory Auditors
76 Canterbury Innovation Centre
University Road
Canterbury
Kent
CT2 7FG

 

Cooling Castle Barn Limited

Strategic Report for the Year Ended 30 October 2023

The directors present their strategic report for the year ended 30 October 2023.

Principal activity

The principal activity of the company is the provision of wedding and event venues and ancillary services

Fair review of the business

Our accounts demonstrate profitability and a strong position as a going concern. We have achieved commendable financial results, showcasing our ability to navigate through challenges and capitalise on opportunities. However, we are cognizant of the potential impact of inflationary pressures in the medium term. While we have successfully managed costs thus far, we remain vigilant in our efforts to mitigate any adverse effects that may arise from inflation.

In addition to inflation concerns, we recognise the importance of sustaining customer confidence. Our continued success hinges on maintaining strong relationships with our existing customer base and attracting new clients. To this end, we are committed to implementing robust marketing strategies and identifying opportunities for growth. By leveraging our strengths and addressing customer needs, we aim to enhance our market presence and foster long-term loyalty.

Going forward, our focus will remain on marketing initiatives and generating new business. We understand the significance of staying agile in a dynamic market environment and proactively adapting to changing customer preferences. By investing in innovative marketing campaigns, optimizing our digital presence, and delivering exceptional customer experiences, we are confident in our ability to overcome challenges and drive sustained growth. We will closely monitor market trends, consumer behaviors, and competitive landscapes to identify new avenues for expansion and capitalize on emerging opportunities.

In conclusion, while we celebrate our profitable performance and the resilience of our business as a going concern, we acknowledge the potential impact of inflationary pressures and the importance of maintaining customer confidence. By prioritizing marketing efforts and consistently generating new business, we are well-positioned to mitigate risks, pursue growth opportunities, and secure a prosperous future for our organization in the ever-evolving UK market.

The company's key financial and other performance indicators during the year were as follows:

Financial KPIs

Unit

2023

2022

Turnover

£

3,491,380

4,149,295

Profit before tax

£

435,919

1,107,427

Staff numbers

82

90

The company monitors staff numbers to adapt for seasonal or other business requirements.

 

Cooling Castle Barn Limited

Strategic Report for the Year Ended 30 October 2023

Principal risks and uncertainties

The company's financial instruments comprise bank balances and trade creditors, the main purpose being to finance the company's trading operations.

The company has a payment policy which ensures that sales income is received according to a set timescale before the event is due to take place. Deposits are also taken on booking and these are refundable on a discretionary basis should the event be cancelled.

Cashflow management is reviewed regularly to ensure that the company has sufficient balances to meet trade creditors, payroll costs and tax liabilities as they fall due.

Approved and authorised by the Board on 25 July 2024 and signed on its behalf by:
 

.........................................
Ms Rebecca Collins
Director

 

Cooling Castle Barn Limited

Directors' Report for the Year Ended 30 October 2023

The directors present their report and the financial statements for the year ended 30 October 2023.

Director of the company

The director who held office during the year was as follows:

Ms Rebecca Collins

The following directors were appointed after the year end:

Ms Sally Collins (appointed 1 November 2023)

Ms Kerri-Anne Chappell (appointed 1 November 2023)

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Approved and authorised by the Board on 25 July 2024 and signed on its behalf by:
 

.........................................
Ms Rebecca Collins
Director

 

Cooling Castle Barn Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Cooling Castle Barn Limited

Independent Auditor's Report to the Members of Cooling Castle Barn Limited

Opinion

We have audited the financial statements of Cooling Castle Barn Limited (the 'company') for the year ended 30 October 2023, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 30 October 2023 and of its profit for the year then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The director are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

 

Cooling Castle Barn Limited

Independent Auditor's Report to the Members of Cooling Castle Barn Limited

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of director's remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities [set out on page 5], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

 

Cooling Castle Barn Limited

Independent Auditor's Report to the Members of Cooling Castle Barn Limited

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities:

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

The nature of the industry and sector, control environment and business performance including the design of the Company’s remuneration policies, key drivers for directors’ remuneration, bonus levels and performance targets; results of our enquiries of management about their own identification and assessment of the risks of irregularities and any matters we identified having reviewed the Company’s policies and procedures; the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in and focused on those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006 and local tax legislation.

Audit response to risks identified

As a result of performing the above, we identified revenue recognition as key audit matter related to the potential risk of fraud. Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management, concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- obtaining an understanding of provisions and discussing with management to understand the basis of recognition or non-recognition of tax provisions; and in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities:

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

The nature of the industry and sector, control environment and business performance including the design of the Company’s remuneration policies, key drivers for directors’ remuneration, bonus levels and performance targets; results of our enquiries of management about their own identification and assessment of the risks of irregularities and any matters we identified having reviewed the Company’s policies and procedures; the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in and focused on those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006 and local tax legislation.

Audit response to risks identified

As a result of performing the above, we identified revenue recognition as key audit matter related to the potential risk of fraud. Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management, concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- obtaining an understanding of provisions and discussing with management to understand the basis of recognition or non-recognition of tax provisions; and in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

 

Cooling Castle Barn Limited

Independent Auditor's Report to the Members of Cooling Castle Barn Limited

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities:

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

The nature of the industry and sector, control environment and business performance including the design of the Company’s remuneration policies, key drivers for directors’ remuneration, bonus levels and performance targets; results of our enquiries of management about their own identification and assessment of the risks of irregularities and any matters we identified having reviewed the Company’s policies and procedures; the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in and focused on those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006 and local tax legislation.

Audit response to risks identified

As a result of performing the above, we identified revenue recognition as key audit matter related to the potential risk of fraud. Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management, concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- obtaining an understanding of provisions and discussing with management to understand the basis of recognition or non-recognition of tax provisions; and in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities:

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

The nature of the industry and sector, control environment and business performance including the design of the Company’s remuneration policies, key drivers for directors’ remuneration, bonus levels and performance targets; results of our enquiries of management about their own identification and assessment of the risks of irregularities and any matters we identified having reviewed the Company’s policies and procedures; the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in and focused on those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006 and local tax legislation.

Audit response to risks identified

As a result of performing the above, we identified revenue recognition as key audit matter related to the potential risk of fraud. Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management, concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- obtaining an understanding of provisions and discussing with management to understand the basis of recognition or non-recognition of tax provisions; and in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

 

Cooling Castle Barn Limited

Independent Auditor's Report to the Members of Cooling Castle Barn Limited

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities:

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

The nature of the industry and sector, control environment and business performance including the design of the Company’s remuneration policies, key drivers for directors’ remuneration, bonus levels and performance targets; results of our enquiries of management about their own identification and assessment of the risks of irregularities and any matters we identified having reviewed the Company’s policies and procedures; the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in and focused on those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006 and local tax legislation.

Audit response to risks identified

As a result of performing the above, we identified revenue recognition as key audit matter related to the potential risk of fraud. Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management, concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- obtaining an understanding of provisions and discussing with management to understand the basis of recognition or non-recognition of tax provisions; and in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities:

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

The nature of the industry and sector, control environment and business performance including the design of the Company’s remuneration policies, key drivers for directors’ remuneration, bonus levels and performance targets; results of our enquiries of management about their own identification and assessment of the risks of irregularities and any matters we identified having reviewed the Company’s policies and procedures; the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in and focused on those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006 and local tax legislation.

Audit response to risks identified

As a result of performing the above, we identified revenue recognition as key audit matter related to the potential risk of fraud. Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management, concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- obtaining an understanding of provisions and discussing with management to understand the basis of recognition or non-recognition of tax provisions; and in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
R M Asif Rafique (Senior Statutory Auditor)
For and on behalf of Pure Audit Limited, Statutory Auditor

76 Canterbury Innovation Centre
University Road
Canterbury
Kent
CT2 7FG

25 July 2024

 

Cooling Castle Barn Limited

Profit and Loss Account for the Year Ended 30 October 2023

Note

2023
£

2022
£

Turnover

3

3,491,380

4,149,295

Cost of sales

 

(1,437,265)

(1,711,548)

Gross profit

 

2,054,115

2,437,747

Administrative expenses

 

(1,612,287)

(1,340,244)

Other operating income

4

-

63,732

Operating profit

6

441,828

1,161,235

Other interest receivable and similar income

8

22,927

595

Interest payable and similar expenses

9

(28,836)

(54,403)

   

(5,909)

(53,808)

Profit before tax

 

435,919

1,107,427

Tax on profit

13

(125,623)

(92,952)

Profit for the financial year

 

310,296

1,014,475

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Cooling Castle Barn Limited

Statement of Comprehensive Income for the Year Ended 30 October 2023

2023
£

2022
£

Profit for the year

310,296

1,014,475

Total comprehensive income for the year

310,296

1,014,475

 

Cooling Castle Barn Limited

(Registration number: 03541153)
Balance Sheet as at 30 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

14

1,170,887

1,442,935

Current assets

 

Stocks

15

19,845

19,587

Debtors

16

4,135,814

4,928,531

Cash at bank and in hand

 

1,969,199

1,565,691

 

6,124,858

6,513,809

Creditors: Amounts falling due within one year

18

(1,911,229)

(2,736,223)

Net current assets

 

4,213,629

3,777,586

Total assets less current liabilities

 

5,384,516

5,220,521

Provisions for liabilities

19

(59,664)

(88,589)

Net assets

 

5,324,852

5,131,932

Capital and reserves

 

Called up share capital

1,261

1,261

Retained earnings

5,323,591

5,130,671

Shareholders' funds

 

5,324,852

5,131,932

Approved and authorised by the Board on 25 July 2024 and signed on its behalf by:
 

.........................................
Ms Rebecca Collins
Director

 

Cooling Castle Barn Limited

Statement of Changes in Equity for the Year Ended 30 October 2023

Share capital
£

Retained earnings
£

Total
£

At 31 October 2022

1,261

5,130,671

5,131,932

Profit for the year

-

310,296

310,296

Dividends

-

(117,376)

(117,376)

At 30 October 2023

1,261

5,323,591

5,324,852

Share capital
£

Retained earnings
£

Total
£

At 31 October 2021

1,261

4,240,612

4,241,873

Profit for the year

-

1,014,475

1,014,475

Dividends

-

(124,416)

(124,416)

At 30 October 2022

1,261

5,130,671

5,131,932

 

Cooling Castle Barn Limited

Statement of Cash Flows for the Year Ended 30 October 2023

Note

2023
£

2022
£

Cash flows from operating activities

Profit for the year

 

310,296

1,014,475

Adjustments to cash flows from non-cash items

 

Depreciation and amortisation

6

101,236

88,515

Loss on disposal of tangible assets

5

139,100

-

Finance income

8

(22,927)

(595)

Finance costs

9

28,836

54,403

Income tax expense

13

125,623

92,952

 

682,164

1,249,750

Working capital adjustments

 

(Increase)/decrease in stocks

15

(258)

518

Decrease in other debtors

16

792,718

425,822

Decrease in trade creditors

18

(35,753)

(662,251)

Cash generated from operations

 

1,438,871

1,013,839

Income taxes (paid)/received

13

(11,150)

1

Net cash flow from operating activities

 

1,427,721

1,013,840

Cash flows from investing activities

 

Interest received

8

22,927

595

Acquisitions of tangible assets

(34,477)

(125,023)

Proceeds from sale of tangible assets

 

66,189

-

Net cash flows from investing activities

 

54,639

(124,428)

Cash flows from financing activities

 

Interest paid

9

(28,836)

(54,403)

Proceeds from bank borrowing draw downs

 

(925,000)

(1,650,000)

Dividends paid

23

(117,376)

(124,416)

Net cash flows from financing activities

 

(1,071,212)

(1,828,819)

Net increase/(decrease) in cash and cash equivalents

 

411,148

(939,407)

Cash and cash equivalents at 31 October

 

1,558,051

2,497,458

Cash and cash equivalents at 30 October

 

1,969,199

1,558,051

 

Cooling Castle Barn Limited

Notes to the Financial Statements for the Year Ended 30 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cooling Castle Barn
Main Road
Cooling
Rochester
Kent
ME3 8DT
UK

These financial statements were authorised for issue by the Board on 25 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Cooling Castle Barn Limited

Notes to the Financial Statements for the Year Ended 30 October 2023

Key sources of estimation uncertainty

Tangible Fixed Assets

The company has recognised tangible fixed assets.These assets are stated at their cost less provision for depreciation and impairment. The company’s accounting policy sets out the approach to calculating depreciation for immaterial assets acquired. For material assets such as land and buildings the company determines at acquisition reliable estimates for the useful life of the asset, its residual value and related disposal costs. These estimates are based upon such factors as the expected use of the acquired asset and market conditions. At subsequent reporting dates the directors consider whether there are any factors such as changes in market conditions that indicate a need to reconsider the estimates used. Where there are indicators that the carrying value of tangible assets may be impaired the company undertakes tests to determine the recoverable amount of assets. These tests require estimates of the fair value of assets less cost to sell and of their value in use..

Deferred tax

Provision has been made in the financial statements for deferred tax at 31 October (note 19). This provision is based upon estimates of future taxable profits, the anticipated reversal of timing differences and the tax rates that will be in force at that time..

Critical areas of judgment:

The company has entered into a range of lease commitments in respect of property, plant and equipment. The classification of these leases as either financial or operating leases requires the directors to consider whether the terms and conditions of each lease are such that the company has acquired the risks and rewards associated with the ownership of the underlying assets.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Cooling Castle Barn Limited

Notes to the Financial Statements for the Year Ended 30 October 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

2% straight line

Tenant's improvements to property

2% straight line or over lease term

Plant and machinery

15% reducing balance

Motor vehicles

25% reducing balance

Fixtures and fittings

15% reducing balance

Office equipment

15% reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method.
Dividends on equity securities are recognised in income when receivable

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Cooling Castle Barn Limited

Notes to the Financial Statements for the Year Ended 30 October 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Cooling Castle Barn Limited

Notes to the Financial Statements for the Year Ended 30 October 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Turnover

The analysis of the company's revenue for the year from continuing operations is as follows:

2023
 £

2022
 £

Rendering of services

3,491,380

4,149,295

4

Other operating income

The analysis of the company's other operating income for the year is as follows:

2023
 £

2022
 £

Government grants

-

63,732

 

Cooling Castle Barn Limited

Notes to the Financial Statements for the Year Ended 30 October 2023

5

Other gains and losses

The analysis of the company's other gains and losses for the year is as follows:

2023
 £

2022
 £

Gain/loss on disposal of property, plant and equipment

(139,100)

-

6

Operating profit

Arrived at after charging/(crediting)

2023
 £

2022
 £

Depreciation expense

101,236

88,515

Operating lease expense - other

1,026

760

Loss on disposal of property, plant and equipment

139,100

-

7

Government grants

Government grants were received in the year as follows:

Medway Council covid local authority grants is nil (2022: £37,000)
Kickstarter training grants is nil (2022: £20,732 )

The amount of grants recognised in the financial statements was £Nil (2022 - £63,732).

8

Other interest receivable and similar income

2023
 £

2022
 £

Interest income on bank deposits

22,927

595

9

Interest payable and similar expenses

2023
 £

2022
 £

Interest on bank overdrafts and borrowings

28,780

52,923

Interest expense on other finance liabilities

56

1,480

28,836

54,403

10

Staff costs

The aggregate payroll costs (including director's remuneration) were as follows:

 

Cooling Castle Barn Limited

Notes to the Financial Statements for the Year Ended 30 October 2023

2023
 £

2022
 £

Wages and salaries

1,342,346

1,346,701

Social security costs

118,208

111,273

Other short-term employee benefits

14,006

12,912

Pension costs, defined contribution scheme

97,635

127,113

Other employee expense

556

2,698

1,572,751

1,600,697

The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:

2023
No.

2022
No.

Administration and support

82

90

82

90

11

Directors' remuneration

The director's remuneration for the year was as follows:

2023
 £

2022
 £

Remuneration

14,400

16,200

Contributions paid to money purchase schemes

78,337

110,000

92,737

126,200

12

Auditors' remuneration

2023
 £

2022
 £

Audit of the financial statements

7,500

5,500


 

 

Cooling Castle Barn Limited

Notes to the Financial Statements for the Year Ended 30 October 2023

13

Taxation

Tax charged/(credited) in the income statement

2023
 £

2022
 £

Current taxation

UK corporation tax

154,549

73,209

Deferred taxation

Arising from changes in tax rates and laws

(28,926)

19,743

Tax expense in the income statement

125,623

92,952

The tax on profit before tax for the year is lower than the standard rate of corporation tax in the UK (2022 - the same as the standard rate of corporation tax in the UK) of 25% (2022 - 19%).

The differences are reconciled below:

2023
£

2022
£

Profit before tax

435,919

1,107,427

Corporation tax at standard rate

108,979

210,411

Decrease from effect of different UK tax rates on some earnings

(17,160)

-

Effect of expense not deductible in determining taxable profit (tax loss)

47,309

412

Effect of tax losses

-

(1,643)

Deferred tax (credit)/expense from unrecognised tax loss or credit

(28,925)

19,743

Tax increase from effect of capital allowances and depreciation

15,420

7,087

Tax decrease arising from group relief

-

(143,058)

Total tax charge

125,623

92,952

 

Cooling Castle Barn Limited

Notes to the Financial Statements for the Year Ended 30 October 2023

14

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 31 October 2022

1,251,621

634,316

113,158

370,195

2,369,290

Additions

-

6,560

-

27,917

34,477

Disposals

(92,946)

(309,467)

-

-

(402,413)

At 30 October 2023

1,158,675

331,409

113,158

398,112

2,001,354

Depreciation

At 31 October 2022

250,151

386,185

18,870

271,149

926,355

Charge for the year

24,528

35,667

23,572

17,469

101,236

Eliminated on disposal

(30,044)

(167,080)

-

-

(197,124)

At 30 October 2023

244,635

254,772

42,442

288,618

830,467

Carrying amount

At 30 October 2023

914,040

76,637

70,716

109,494

1,170,887

At 30 October 2022

1,001,470

248,131

94,288

99,046

1,442,935

Included within the net book value of land and buildings above is £850,538 (2022 - £867,416) in respect of freehold land and buildings and £63,502 (2022 - £134,054) in respect of short leasehold land and buildings.
 

 

Cooling Castle Barn Limited

Notes to the Financial Statements for the Year Ended 30 October 2023

15

Stocks

2023
 £

2022
 £

Other inventories

19,845

19,587

16

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

57,085

57,189

Amounts owed by related parties

24

-

298,661

Other debtors

 

4,063,015

4,555,788

Prepayments

 

15,714

16,893

   

4,135,814

4,928,531

17

Cash and cash equivalents

2023
 £

2022
 £

Cash at bank

567,685

914,179

Short-term deposits

1,400,000

644,893

Other cash and cash equivalents

1,514

6,619

1,969,199

1,565,691

Bank overdrafts

-

(7,640)

Cash and cash equivalents in statement of cash flows

1,969,199

1,558,051

18

Creditors

Note

2023
 £

2022
 £

Due within one year

 

Loans and borrowings

22

-

932,640

Trade creditors

 

64,571

90,809

Amounts due to related parties

24

107,864

-

Social security and other taxes

 

157,436

118,486

Other payables

 

77,241

83,531

Accrued expenses

 

16,386

15,867

Income tax liability

13

154,242

10,843

Gross amount due to customers for contract work

 

1,333,489

1,484,047

 

1,911,229

2,736,223

 

Cooling Castle Barn Limited

Notes to the Financial Statements for the Year Ended 30 October 2023

19

Provisions for liabilities

Deferred tax
£

Total
£

At 31 October 2022

88,589

88,589

Increase (decrease) in existing provisions

(28,925)

(28,925)

At 30 October 2023

59,664

59,664

20

Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £97,635 (2022 - £127,113).

21

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A of £1 each

1,161

1,161

1,161

1,161

Ordinary B of £1 each

100

100

100

100

Ordinary C of £0 each

-

-

-

-

 

1,261

1,261

1,261

1,261

22

Loans and borrowings

2023
 £

2022
 £

Current loans and borrowings

Bank borrowings

-

925,000

Bank overdrafts

-

7,640

-

932,640

 

Cooling Castle Barn Limited

Notes to the Financial Statements for the Year Ended 30 October 2023

23

Dividends

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £69.34 (2022 - £90.43) per each Ordinary A

 

80,500

 

105,000

Interim dividend of £368.76 (2022 - £194.16) per each Ordinary B

 

36,876

 

19,416

Interim dividend of £Nil per each Ordinary C

 

-

 

-

   

117,376

 

124,416

24

Related party transactions

Summary of transactions with other related parties

A loan to E Adams, an employee of the company was made in 2015. The loan is being repaid monthly. At the year end E Adams owed £16,980 (2022: £22,980)


 

Loans to related parties

2023

Other related parties
£

Total
£

At start of period

4,829,705

4,829,705

Advanced

15,364

15,364

Repaid

(909,180)

(909,180)

At end of period

3,935,889

3,935,889

2022

Other related parties
£

Total
£

At start of period

4,929,130

4,929,130

Advanced

11,285

11,285

Repaid

(110,710)

(110,710)

At end of period

4,829,705

4,829,705

Terms of loans to related parties

 

Cooling Castle Barn Limited

Notes to the Financial Statements for the Year Ended 30 October 2023

A loan is owed to Peapod Portfolio Ltd, a company under common control. The outstanding balance on the loan as at the year end is £ 107,864 (2022: £298,661). There is no interest due. The loan is repayable upon demand.

A loan is owed by The Vines of Rochester Ltd, a company under common control. The outstanding balance on the loan as at the year end is £4,043,753 (2022: £4,531,044). There is no interest due. The loan is repayable upon demand.

25

Parent and ultimate parent undertaking

The company's immediate parent is Bert & Montgomery Limited, incorporated in England & Wales.

 The ultimate controlling party is R Collins.