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REGISTERED NUMBER: 10185384 (England and Wales)












CURA COMMERCIAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






CURA COMMERCIAL LIMITED (REGISTERED NUMBER: 10185384)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CURA COMMERCIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: D R Churcher
K J W Weir





REGISTERED OFFICE: Suite 6, Furzehall Farm
110 Wickham Road
Fareham
Hampshire
PO16 7JH





REGISTERED NUMBER: 10185384 (England and Wales)

CURA COMMERCIAL LIMITED (REGISTERED NUMBER: 10185384)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Investments 4 440,001 540,000

CURRENT ASSETS
Debtors 5 2,500,424 1,389,102
Cash at bank 171,479 169,407
2,671,903 1,558,509
CREDITORS
Amounts falling due within one year 6 (574,557 ) (735,636 )
NET CURRENT ASSETS 2,097,346 822,873
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,537,347

1,362,873

CREDITORS
Amounts falling due after more than one
year

7

(370,952

)

(420,500

)
NET ASSETS 2,166,395 942,373

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,166,295 942,273
2,166,395 942,373

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

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

CURA COMMERCIAL LIMITED (REGISTERED NUMBER: 10185384)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





K J W Weir - Director


CURA COMMERCIAL LIMITED (REGISTERED NUMBER: 10185384)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Cura Commercial 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.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

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

Amounts recoverable on contracts
Turnover relating to projects that are ongoing at the year end is determined by reference to the stage of completion of the contract.

Where work is completed but not invoiced at the year end,, the value of this is held as amounts recoverable on contracts and is included within current assets.

Investments in subsidiaries
Investments in subsidiaries are measured at cost less any due allowances for impairments.

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.

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

CURA COMMERCIAL LIMITED (REGISTERED NUMBER: 10185384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 November 2022 540,000
Impairments (99,999 )
At 31 October 2023 440,001
NET BOOK VALUE
At 31 October 2023 440,001
At 31 October 2022 540,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 181,687 112,337
Amounts owed by group undertakings 1,401,022 -
Amounts recoverable on contract 376,448 1,276,665
Other debtors 541,267 100
2,500,424 1,389,102

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,056 9,729
Trade creditors 170,191 206,219
Amounts owed to group undertakings 42,796 216,898
Taxation and social security 323,870 300,336
Other creditors 27,644 2,454
574,557 735,636

CURA COMMERCIAL LIMITED (REGISTERED NUMBER: 10185384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 15,777 27,125
Other creditors 355,175 393,375
370,952 420,500

Creditors due in more than one year include amounts owed to related parties totalling £355,175 (2022: £393,375).

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year amounts totalling £280,000 were advanced to the directors. Nil was repaid prior to the year end.

At the balance sheet date, the company was owed £280,000 by the directors.

The loan is interest free and repayable on demand.