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REGISTERED NUMBER: 10165756 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

CUSDIN HOLDINGS LIMITED

CUSDIN HOLDINGS LIMITED (REGISTERED NUMBER: 10165756)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CUSDIN HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: N Cusdin





REGISTERED OFFICE: Holly Tree House
11 Parsonage Close
Bishops Tachbrook
Warwickshire
CV33 9SD





REGISTERED NUMBER: 10165756 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

CUSDIN HOLDINGS LIMITED (REGISTERED NUMBER: 10165756)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 365,628 365,628

CURRENT ASSETS
Debtors 5 - 360
Cash at bank 4,701 14,577
4,701 14,937
CREDITORS
Amounts falling due within one year 6 217,788 133,270
NET CURRENT LIABILITIES (213,087 ) (118,333 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,541

247,295

CREDITORS
Amounts falling due after more than one
year

7

-

116,451
NET ASSETS 152,541 130,844

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings 152,441 130,744
SHAREHOLDERS' FUNDS 152,541 130,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CUSDIN HOLDINGS LIMITED (REGISTERED NUMBER: 10165756)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 17 October 2024 and were signed by:





N Cusdin - Director


CUSDIN HOLDINGS LIMITED (REGISTERED NUMBER: 10165756)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Cusdin Holdings 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - No depreciation

Financial instruments
Basic financial assets, which include debtors 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 financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current 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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Going concern
The financial statements have been prepared on the going concern basis. This assumes that the company will achieve a profitable level of trading and will continue to enjoy the support of its bankers and related parties. The financial statements do not account for any adjustments that would be required if the company was unable to achieve these objectives.

CUSDIN HOLDINGS LIMITED (REGISTERED NUMBER: 10165756)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 June 2023
and 31 May 2024 365,628
NET BOOK VALUE
At 31 May 2024 365,628
At 31 May 2023 365,628

Included in cost of land and buildings is freehold land of £ 365,628 (2023 - £ 365,628 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 360

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,839 11,880
Tax 5,272 4,847
VAT 1,870 1,817
Other creditors 158,852 113,852
Accruals and deferred income 955 874
217,788 133,270

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years - 56,859
Bank loans more 5 yr by instal - 59,592
- 116,451

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 59,592

CUSDIN HOLDINGS LIMITED (REGISTERED NUMBER: 10165756)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 50,839 128,331

Yorkshire Building Society has a fixed and floating charge over the Company's assets.