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REGISTERED NUMBER: 04112754 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Curtis Storage (Lancing) Limited

Curtis Storage (Lancing) Limited (Registered number: 04112754)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Curtis Storage (Lancing) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: N A C Foreman
P J Rothwell
R C Foreman
O C Foreman





SECRETARY: N A C Foreman





REGISTERED OFFICE: Curtis House
34 Third Avenue
Hove
East Sussex
BN3 2PD





REGISTERED NUMBER: 04112754 (England and Wales)





ACCOUNTANTS: Warren House Accountants Limited
4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
RH17 5JF

Curtis Storage (Lancing) Limited (Registered number: 04112754)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 205,368 194,746
Investments 5 304,437 254,330
509,805 449,076

CURRENT ASSETS
Debtors 6 718,199 740,821
Cash at bank and in hand 885,918 673,879
1,604,117 1,414,700
CREDITORS
Amounts falling due within one year 7 229,753 200,167
NET CURRENT ASSETS 1,374,364 1,214,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,884,169

1,663,609

PROVISIONS FOR LIABILITIES 50,607 36,321
NET ASSETS 1,833,562 1,627,288

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 1,833,162 1,626,888
SHAREHOLDERS' FUNDS 1,833,562 1,627,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Curtis Storage (Lancing) Limited (Registered number: 04112754)

Statement of Financial Position - continued
30 April 2024


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 25 September 2024 and were signed on its behalf by:





N A C Foreman - Director


Curtis Storage (Lancing) Limited (Registered number: 04112754)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Curtis Storage (Lancing) 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.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

Turnover
Turnover represents storage charges receivable, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Containers - 10% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

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.

Curtis Storage (Lancing) Limited (Registered number: 04112754)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Containers machinery fittings Totals
£    £    £    £   
COST
At 1 May 2023 866,151 77,714 2,364 946,229
Additions 62,000 - - 62,000
At 30 April 2024 928,151 77,714 2,364 1,008,229
DEPRECIATION
At 1 May 2023 708,444 42,050 989 751,483
Charge for year 44,485 6,712 181 51,378
At 30 April 2024 752,929 48,762 1,170 802,861
NET BOOK VALUE
At 30 April 2024 175,222 28,952 1,194 205,368
At 30 April 2023 157,707 35,664 1,375 194,746

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023 254,330
Additions 69,998
Disposals (19,891 )
At 30 April 2024 304,437
NET BOOK VALUE
At 30 April 2024 304,437
At 30 April 2023 254,330

Curtis Storage (Lancing) Limited (Registered number: 04112754)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 6,034 1,110
Amounts owed by associates 685,260 712,261
Other debtors 216 -
Prepayments 26,689 27,450
718,199 740,821

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 41,993 35,648
Tax 84,278 55,596
VAT 36,774 35,748
Other creditors 248 234
Directors' current accounts 143 143
Deferred income 66,317 61,695
Accrued expenses - 11,103
229,753 200,167

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 108,000 105,000
Between one and five years 310,542 203,000
In more than five years 174,167 -
592,709 308,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the Director, Mr N A C Foreman, £143 (2023: £143).

10. RELATED PARTY DISCLOSURES

During the year the company paid management fees to Foreman Investments Limited, a company for which N A C Foreman is also a shareholder, in respect of services provided by that company undertaken at market value of £112,628 (2023: £110,997).

At the year end the company was owed £684,621 (2023: £711,622) by Foreman Investments Limited. A loan facility of £700,000 was granted by the company to Foreman Investments Limited in the prior year.The loan will bear interest at the rate of 2% per annum and is repayable at the mutual agreement of the parties.

11. ULTIMATE CONTROLLING PARTY

The company is under control of the directors.