1 January 2023 v2024.40.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP110468792023-01-012023-12-31110468792023-12-31110468792022-12-3111046879core:WithinOneYear2023-12-3111046879core:WithinOneYear2022-12-3111046879core:ShareCapital2023-12-3111046879core:ShareCapital2022-12-3111046879core:RetainedEarningsAccumulatedLosses2023-12-3111046879core:RetainedEarningsAccumulatedLosses2022-12-3111046879bus:Director12023-01-012023-12-3111046879bus:Director22023-01-012023-12-3111046879bus:Director32023-01-012023-12-3111046879bus:RegisteredOffice2023-01-012023-12-31110468792022-01-012022-12-3111046879core:CostValuation2023-01-0111046879core:CostValuation2023-12-311104687912023-01-012023-12-3111046879countries:EnglandWales2023-01-012023-12-3111046879bus:AuditExemptWithAccountantsReport2023-01-012023-12-3111046879bus:PrivateLimitedCompanyLtd2023-01-012023-12-3111046879bus:SmallEntities2023-01-012023-12-3111046879bus:FullAccounts2023-01-012023-12-31
Company registration number:
11046879
Croboride Holdings Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2023
Croboride Holdings Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Croboride Holdings Limited
Year ended
31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Croboride Holdings Limited
for the year ended
31 December 2023
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
Croboride Holdings Limited
, as a body, in accordance with the terms of our engagement letter dated 2 January 2024. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Croboride Holdings Limited
and state those matters that we have agreed to state to the Board of Directors of
Croboride Holdings Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Croboride Holdings Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Croboride Holdings 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
Croboride Holdings Limited
. You consider that
Croboride Holdings 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 Croboride Holdings 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.
Emery & Co Accountants Limited
Office Suite 10
The Old Cottage Hospital
Leicester Road
Ashby-De-La-Zouch
LE65 1DB
United Kingdom
Date:
17 September 2024
Croboride Holdings Limited
Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Investments 5
285,245
 
285,245
 
Current assets    
Debtors 6
4,389
  -  
Cash at bank and in hand
107,842
  -  
112,231
  -  
Creditors: amounts falling due within one year 7
(109,804
)
(189,478
)
Net current assets/(liabilities)
2,427
 
(189,478
)
Total assets less current liabilities 287,672   95,767  
Capital and reserves    
Called up share capital
1,100
 
1,100
 
Profit and loss account
286,572
 
94,667
 
Shareholders funds
287,672
 
95,767
 
For the year ending
31 December 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
17 September 2024
, and are signed on behalf of the board by:
Mr D Billings
Mr S Goodfellow
Mr A Stone
DirectorDirectorDirector
Company registration number:
11046879
Croboride Holdings Limited
Notes to the Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Rembrandt Works
,
188 All Saints Road
,
Burton On Trent
,
DE14 3LS
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Judgements and key sources of estimation uncertainty

Judgements and key sources of estimation uncertainty In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2022:
2.00
).

5 Investments

Shares in group undertakings and participating interestsOther investments other than loansTotal
£££
Cost      
At
1 January 2023
1,000
 
284,245
 
285,245
 
At
31 December 2023
1,000
 
284,245
 
285,245
 
Impairment      
At
1 January 2023
and
31 December 2023
-   -   -  
Carrying amount      
At
31 December 2023
1,000
 
284,245
 
285,245
 
At 31 December 2022
1,000
 
284,245
 
285,245
 

6 Debtors

20232022
££
Other debtors
4,389
  -  

7 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts -  
11
 
Amounts owed to group undertakings and undertakings in which the company has a participating interest -  
95,385
 
Taxation and social security
34,290
 
15,690
 
Other creditors
75,514
 
78,392
 
109,804
 
189,478
 

9 Controlling party

The ultimate controlling party is the parent company, Croboride Holdings BOT Limited of Rembrandt Works, All Saints Road, Burton-On-Trent, United Kingdom, DE14 3LS.
The company is exempt from preparing group accounts as it is a small group.