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REGISTERED NUMBER: 04213143 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 May 2024

for

COURTSIDE CONVERSIONS LIMITED

COURTSIDE CONVERSIONS LIMITED (REGISTERED NUMBER: 04213143)

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


COURTSIDE CONVERSIONS LIMITED

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: E Roberts
G M Roberts
E J Roberts
G J Roberts





SECRETARY: EE Butt





REGISTERED OFFICE: 3 Southernhay West
Exeter
Devon
EX1 1JG





REGISTERED NUMBER: 04213143 (England and Wales)





ACCOUNTANTS: Gravita
3 Southernhay West
Exeter
Devon
EX1 1JG

COURTSIDE CONVERSIONS LIMITED (REGISTERED NUMBER: 04213143)

Balance Sheet
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 27,337 24,064
27,337 24,064

CURRENT ASSETS
Stocks 366,834 454,387
Debtors 7 384,061 381,333
Cash at bank 68,301 13,518
819,196 849,238
CREDITORS
Amounts falling due within one year 8 (459,009 ) (450,572 )
NET CURRENT ASSETS 360,187 398,666
TOTAL ASSETS LESS CURRENT
LIABILITIES

387,524

422,730

CREDITORS
Amounts falling due after more than one
year

9

(292,507

)

(387,689

)

PROVISIONS FOR LIABILITIES (5,288 ) (4,392 )
NET ASSETS 89,729 30,649

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 89,619 30,539
89,729 30,649

COURTSIDE CONVERSIONS LIMITED (REGISTERED NUMBER: 04213143)

Balance Sheet - continued
31 MAY 2024


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 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.

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 Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:





E Roberts - Director


COURTSIDE CONVERSIONS LIMITED (REGISTERED NUMBER: 04213143)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Courtside Conversions 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 (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts chargeable in respect of the sale of goods and services falling within the company's ordinary activities.

Goodwill
Goodwill being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of 20 years.

Goodwill is the difference between the fair value of consideration paid for an acquired entity and the aggregate of the fair value of the entity's identifiable assets and liabilities.

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recover

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and buildings - 25% straight line
Plant and machinery - 15% -33% on reducing balance
Fixtures and fittings - 15% -33% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


COURTSIDE CONVERSIONS LIMITED (REGISTERED NUMBER: 04213143)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


3. ACCOUNTING POLICIES - continued
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.

Employee benefit trusts
The company has created a trust whose beneficiaries will include employees of the company and their dependents. Assets held under this trust will be controlled by trustees who will be acting independently and entirely at their own discretion.

Where assets are held in the trust and these are considered by the company to be in respect of services already provided by employees to the company, the company will account for these as assets of the trust when payment is made to the trust. The value transferred will be charged in the company's profit and loss account for the year to which it relates.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 10 ).

COURTSIDE CONVERSIONS LIMITED (REGISTERED NUMBER: 04213143)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 83,746
AMORTISATION
At 1 June 2023
and 31 May 2024 83,746
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

6. TANGIBLE FIXED ASSETS
Freehold Fixtures
land and Plant and and Motor
buildings machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 4,307 51,788 77,673 20,424 154,192
Additions - 5,170 1,623 - 6,793
At 31 May 2024 4,307 56,958 79,296 20,424 160,985
DEPRECIATION
At 1 June 2023 4,307 44,783 64,858 16,180 130,128
Charge for year - 1,395 1,063 1,062 3,520
At 31 May 2024 4,307 46,178 65,921 17,242 133,648
NET BOOK VALUE
At 31 May 2024 - 10,780 13,375 3,182 27,337
At 31 May 2023 - 7,005 12,815 4,244 24,064

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,635 3,884
Other debtors 81,370 81,370
Directors' current accounts 291,319 292,475
Prepayments 6,737 3,604
384,061 381,333

COURTSIDE CONVERSIONS LIMITED (REGISTERED NUMBER: 04213143)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 167,079 169,300
Tax 27,107 48,265
Social security and other taxes 17,163 2,872
Pension 524 423
VAT 119,195 100,417
Other creditors 120,681 122,695
Accrued expenses 7,260 6,600
459,009 450,572

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 292,507 387,689

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
E Roberts
Balance outstanding at start of year 292,474 238,566
Amounts advanced 47,845 103,908
Amounts repaid (49,000 ) (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 291,319 292,474

During the period the company charged interest on the overdrawn loan account amounting to £8,198 (2023 - £5,353).