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Registered number: 11600581

Central Diamond Company Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
Cate Moore Ltd
Bankspace
145-147 East Street
Bristol
BS3 4EJ

Central Diamond Company Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
B Afshar
N Afshar
REGISTERED OFFICE
98 Hatton Garden
London
EC1N 8NX
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11600581
ACCOUNTANTS
Cate Moore Ltd
Bankspace
145-147 East Street
Bristol
BS3 4EJ

Central Diamond Company Ltd

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Central Diamond Company Ltd

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets31,108,7951,207,103
CURRENT ASSETS
Debtors442,35549,662
Cash at bank and in hand189,986175,867
232,341225,529
CREDITORS: Amounts falling due within one year5574,251138,148
NET CURRENT (LIABILITIES) / ASSETS(341,910)87,381
TOTAL ASSETS LESS CURRENT LIABILITIES766,8851,294,484
CREDITORS: Amounts falling due after more than one year6-1,387,862
PROVISIONS FOR LIABILITIES AND CHARGES7108,36244,849
NET ASSETS / (LIABILITIES)658,523(138,227)
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account658,423(138,327)
SHAREHOLDERS' FUNDS658,523(138,227)
For the year ending 31/12/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/09/2024 and signed on their behalf by
.............................
B Afshar
Director

Central Diamond Company Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesstraight line Term of lease%
Equipmentreducing balance 15%
2. EMPLOYEES
20232022
No.No.
Average number of employees11
3. TANGIBLE FIXED ASSETS
Short Leasehold
PropertiesEquipmentTotal
£££
Cost
At 01/01/20231,502,46140,0741,542,535
Additions-18,83918,839
At 31/12/20231,502,46158,9131,561,374
Depreciation
At 01/01/2023316,36119,071335,432
For the year111,1715,976117,147
At 31/12/2023427,53225,047452,579
Net Book Amounts
At 31/12/20231,074,92933,8661,108,795
At 31/12/20221,186,10021,0031,207,103

Central Diamond Company Ltd

4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors-3,837
Prepayments42,35545,825
42,35549,662
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax219,260-
VAT106,096126,864
PAYE control642900
Trade creditors2,27210,384
Accruals750-
Amounts due to group companies245,231-
574,251138,148
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Due to group companies >1yr-1,387,862
-1,387,862
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation108,36244,849
108,36244,849

Central Diamond Company Ltd

8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
9. OTHER FINANCIAL COMMITMENTS
At 31/12/2023 the company was committed to making the following payments under non-cancellable operating leases:
20232022
££
Operating Leases which expire:
After 5 years15,110,00016,621,000
10. RELATED PARTY TRANSACTIONS
Goods purchased from parent company during the year £7,099,845 (2022: £2,344,795)
Management charges of £900,000 were paid to Queensmith (Group) Ltd during the year (2022: £nil)
Included in creditors is £245,231 owed to Queensmith (Group) Ltd (2022: £1,387,863).