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REGISTERED NUMBER: 07225785 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Columbus Twenty Five Limited

Columbus Twenty Five Limited (Registered number: 07225785)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Columbus Twenty Five Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: L S Newman





REGISTERED OFFICE: 1st Floor
Merchant House
Parsonage Square, Station Road
Dorking
Surrey
RH4 1UP





REGISTERED NUMBER: 07225785 (England and Wales)





ACCOUNTANTS: Bullimores LLP
Chartered Accountants
Old Printers Yard
156 South Street
Dorking
Surrey
RH4 2HF

Columbus Twenty Five Limited (Registered number: 07225785)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,820 7,141

CURRENT ASSETS
Debtors 5 264,259 203,258
Investments 6 111,796 116,871
Cash at bank 1,445,431 1,269,856
1,821,486 1,589,985
CREDITORS
Amounts falling due within one year 7 326,659 297,384
NET CURRENT ASSETS 1,494,827 1,292,601
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,502,647

1,299,742

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 (31,819 ) (29,938 )
Retained earnings 1,534,366 1,329,580
SHAREHOLDERS' FUNDS 1,502,647 1,299,742

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 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.

Columbus Twenty Five Limited (Registered number: 07225785)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





L S Newman - Director


Columbus Twenty Five Limited (Registered number: 07225785)

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

1. STATUTORY INFORMATION

Columbus Twenty Five 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.

Turnover
Turnover represents net invoiced sale of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration. Commission is recognised when the contract is accepted by the insurance company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

At each reporting date, assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and an impairment loss is recognised immediately in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

Columbus Twenty Five Limited (Registered number: 07225785)

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

2. ACCOUNTING POLICIES - continued

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.

Investments
Listed investments are shown at market value at the balance sheet date as shown on the investment manager's report. Changes in the fair value of listed investments are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 34,075 24,882 29,643 88,600
Additions - 1,167 3,592 4,759
At 30 April 2024 34,075 26,049 33,235 93,359
DEPRECIATION
At 1 May 2023 34,075 20,528 26,856 81,459
Charge for year - 1,958 2,122 4,080
At 30 April 2024 34,075 22,486 28,978 85,539
NET BOOK VALUE
At 30 April 2024 - 3,563 4,257 7,820
At 30 April 2023 - 4,354 2,787 7,141

5. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Amounts recoverable on contract 160,422 190,882
Other debtors 35,000 -
Directors' current accounts 47,443 6,738
Prepayments 5,382 3,364
248,247 200,984

Columbus Twenty Five Limited (Registered number: 07225785)

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

5. DEBTORS - continued
30.4.24 30.4.23
£    £   
Amounts falling due after more than one year:
Tax 16,012 2,274

Aggregate amounts 264,259 203,258

6. CURRENT ASSET INVESTMENTS
30.4.24 30.4.23
£    £   
Listed investments 111,796 116,871

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 792 -
Tax 180,668 107,536
Social security and other taxes 30,041 38,010
Other creditors 6,152 8,009
Accrued expenses 109,006 143,829
326,659 297,384

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 47,352 50,106
Between one and five years - 47,352
47,352 97,458

9. RESERVES
Fair
value
reserve
£   
At 1 May 2023 (29,938 )
Net listed investment gains/
(losses) (1,881 )

At 30 April 2024 (31,819 )

Columbus Twenty Five Limited (Registered number: 07225785)

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
L S Newman
Balance outstanding at start of year 6,738 368
Amounts advanced 40,705 6,370
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 47,443 6,738

The loan to the director is interest free and repayable on demand.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £130,000 (2023 - £117,568) were paid to the director .

J Newman
Wife of L S Newman, a director of the company.

During the year dividends totalling £130,000 (2023 - £106,432) were paid to J Newman.

12. ULTIMATE CONTROLLING PARTY

The controlling party is L S Newman.