Company registration number 11923821 (England and Wales)
Curtis Furniture Holdings Limited
Unaudited
financial statements
for the year ended 29 February 2024
PAGES FOR FILING WITH REGISTRAR
Curtis Furniture Holdings Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Curtis Furniture Holdings Limited
Statement of financial position
as at 29 February 2024
- 1 -
29 February 2024
28 February 2023
Notes
£
£
£
£
Fixed assets
Investments
3
780,000
780,000
Current assets
-
-
Creditors: amounts falling due within one year
5
(300,000)
(240,000)
Net current liabilities
(300,000)
(240,000)
Total assets less current liabilities
480,000
540,000
Creditors: amounts falling due after more than one year
6
-
0
(60,000)
Net assets
480,000
480,000
Capital and reserves
Called up share capital
1
1
Share premium account
479,999
479,999
Total equity
480,000
480,000

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 26 November 2024 and are signed on its behalf by:
Mr A C Reynolds
Director
Company registration number 11923821 (England and Wales)
Curtis Furniture Holdings Limited
Notes to the financial statements
for the year ended 29 February 2024
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Financial instruments

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

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
Curtis Furniture Holdings Limited
Notes to the financial statements (continued)
for the year ended 29 February 2024
- 3 -
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
780,000
780,000
4
Subsidiaries

The company holds 100% of the ordinary share capital of the following company's incorporated in England and Wales:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Curtis Furniture Limited
England & Wales
Manufacture of other furniture
Ordinary
100.00
5
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
240,000
180,000
Other creditors
60,000
60,000
300,000
240,000
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
-
0
60,000
7
Controlling party

The directors are considered to be the ultimate controlling party.

8
Directors' transactions

Dividends totalling £206,000 (2023 - £130,000) were paid in the year in respect of shares held by the company's directors.

9
Company information

Curtis Furniture Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1B, Haigh Park Road, Leeds, West Yorkshire, LS10 1RT.

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