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REGISTERED NUMBER: 07366731 (England and Wales)















Cater Cunningham Limited

Unaudited Financial Statements

for the year ended

31 May 2024






Cater Cunningham Limited (Registered number: 07366731)

Contents of the Financial Statements
for the year ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


Cater Cunningham Limited

Company Information
for the year ended 31 May 2024







DIRECTOR: M P Cater





REGISTERED OFFICE: Cater Cunningham House
St Helens Way
Thetford
Norfolk
IP24 1HG





REGISTERED NUMBER: 07366731 (England and Wales)

Cater Cunningham Limited (Registered number: 07366731)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 328,104 260,360
Investments 5 995,010 995,010
1,323,114 1,255,370

CURRENT ASSETS
Debtors 6 148,482 144,966
Cash at bank and in hand 6,482 94,431
154,964 239,397
CREDITORS
Amounts falling due within one year 7 (70,006 ) (96,001 )
NET CURRENT ASSETS 84,958 143,396
TOTAL ASSETS LESS CURRENT LIABILITIES 1,408,072 1,398,766

CREDITORS
Amounts falling due after more than one year 8 (13,000 ) -

PROVISIONS FOR LIABILITIES (33,936 ) (22,047 )
NET ASSETS 1,361,136 1,376,719

CAPITAL AND RESERVES
Called up share capital 9 39,375 43,125
Revaluation reserve 10 111,933 56,933
Capital redemption reserve 20,625 16,875
Retained earnings 1,189,203 1,259,786
SHAREHOLDERS' FUNDS 1,361,136 1,376,719

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.

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 20 February 2025 and were signed by:





M P Cater - Director


Cater Cunningham Limited (Registered number: 07366731)

Notes to the Financial Statements
for the year ended 31 May 2024


1. STATUTORY INFORMATION

Cater Cunningham 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 2% on cost
Fixtures and fittings - 25% on reducing balance and 10% reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost, less any impairments which are felt necessary by the directors.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

Cater Cunningham Limited (Registered number: 07366731)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 June 2023 264,933 18,261 9,367 94,664 387,225
Additions - - 28,500 11,535 40,035
Revaluations 55,000 - - - 55,000
At 31 May 2024 319,933 18,261 37,867 106,199 482,260
DEPRECIATION
At 1 June 2023 35,829 10,698 9,367 70,971 126,865
Charge for year 3,179 2,058 7,125 14,929 27,291
At 31 May 2024 39,008 12,756 16,492 85,900 154,156
NET BOOK VALUE
At 31 May 2024 280,925 5,505 21,375 20,299 328,104
At 31 May 2023 229,104 7,563 - 23,693 260,360

Included in cost or valuation of land and buildings is freehold land of £ 105,973 (2023 - £ 105,973 ) which is not depreciated.

Cost or valuation at 31 May 2024 is represented by:

Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
Valuation in 2018 56,933 - - - 56,933
Valuation in 2024 55,000 - - - 55,000
Cost 208,000 18,261 37,867 106,199 370,327
319,933 18,261 37,867 106,199 482,260

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 208,000 208,000
Aggregate depreciation 30,625 28,129

Value of land in freehold land and buildings 83,200 83,200

Freehold land and buildings were valued on an open market basis on 31 May 2024 by the directors .

Cater Cunningham Limited (Registered number: 07366731)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 995,000 10 995,010
NET BOOK VALUE
At 31 May 2024 995,000 10 995,010
At 31 May 2023 995,000 10 995,010

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 37,109
Amounts owed by group undertakings 98,326 -
Amounts owed by associates - 55,000
Other debtors 50,156 52,857
148,482 144,966

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 637 773
Hire purchase contracts 6,500 2,831
Trade creditors 3,855 3,105
Taxation and social security 37,741 54,729
Other creditors 21,273 34,563
70,006 96,001

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 13,000 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
30,000 Ordinary A £1 30,000 30,000
9,375 Ordinary B £1 9,375 13,125
39,375 43,125

Cater Cunningham Limited (Registered number: 07366731)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


10. RESERVES
Revaluation
reserve
£   
At 1 June 2023 56,933
Revaluation 55,000

At 31 May 2024 111,933

11. RELATED PARTY DISCLOSURES

At the year end the director is owed £11,622 (2023 - £13,147) relating to an interest free loan with no set repayment terms.