IRIS Accounts Production v24.3.2.46 07053965 Board of Directors 1.11.23 31.10.24 31.10.24 9.3.25 0 0 false true false false true false Auditors Opinion Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070539652023-10-31070539652024-10-31070539652023-11-012024-10-31070539652022-10-31070539652022-11-012023-10-31070539652023-10-3107053965ns15:EnglandWales2023-11-012024-10-3107053965ns14:PoundSterling2023-11-012024-10-3107053965ns10:Director12023-11-012024-10-3107053965ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3107053965ns10:SmallEntities2023-11-012024-10-3107053965ns10:Audited2023-11-012024-10-3107053965ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3107053965ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3107053965ns10:FullAccounts2023-11-012024-10-3107053965ns10:Director22023-11-012024-10-3107053965ns10:CompanySecretary12023-11-012024-10-3107053965ns10:RegisteredOffice2023-11-012024-10-3107053965ns5:ShareCapital2024-10-3107053965ns5:ShareCapital2023-10-3107053965ns5:RetainedEarningsAccumulatedLosses2024-10-3107053965ns5:RetainedEarningsAccumulatedLosses2023-10-3107053965ns5:PlantMachinery2023-11-012024-10-3107053965ns5:PlantMachinery2023-10-3107053965ns5:PlantMachinery2024-10-3107053965ns5:CostValuationns5:ListedExchangeTraded2023-10-3107053965ns5:AdditionsToInvestmentsns5:ListedExchangeTraded2024-10-3107053965ns5:ListedExchangeTradedns5:DisposalsRepaymentsInvestments2024-10-3107053965ns5:RevaluationsIncreaseDecreaseInInvestmentsns5:ListedExchangeTraded2024-10-3107053965ns5:CostValuationns5:ListedExchangeTraded2024-10-3107053965ns5:ListedExchangeTraded2024-10-3107053965ns5:ListedExchangeTraded2023-10-3107053965ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3107053965ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3107053965ns5:CurrentFinancialInstruments2024-10-3107053965ns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: 07053965 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

Cargo Associates Limited

Cargo Associates Limited (Registered number: 07053965)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cargo Associates Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: I F Spreadbury
Mrs C Spreadbury





SECRETARY: Mrs J L Spreadbury





REGISTERED OFFICE: Hazelwood
Copperfields
Horsham
West Sussex
RH13 6PZ





REGISTERED NUMBER: 07053965 (England and Wales)





AUDITORS: Deeks Evans Audit Services Limited
Registered Auditors
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU

Cargo Associates Limited (Registered number: 07053965)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
ASSETS

FIXED ASSETS
Tangible assets 4 - -
Investments 5 5,480,450 6,771,853
Investment property 6 1,972,500 1,683,154
7,452,950 8,455,007

CURRENT ASSETS
Debtors 7 1,532,525 608,936
Cash at bank 473,143 608,797
2,005,668 1,217,733
9,458,618 9,672,740

CAPITAL, RESERVES AND LIABILITIES

CAPITAL & RESERVES
Called up share capital 8 8,600,000 8,600,000
Retained earnings (173,528 ) (806,638 )
SHAREHOLDERS' FUNDS 8,426,472 7,793,362

CREDITORS 9 1,032,146 1,879,378
9,458,618 9,672,740

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 9 March 2025 and were signed on its behalf by:





I F Spreadbury - Director


Cargo Associates Limited (Registered number: 07053965)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Cargo Associates 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.

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.

Turnover represents rents receivable in respect of the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

Cargo Associates Limited (Registered number: 07053965)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 1,524
DEPRECIATION
At 1 November 2023
and 31 October 2024 1,524
NET BOOK VALUE
At 31 October 2024 -

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 November 2023 6,771,853
Additions 2,288,190
Disposals (3,888,330 )
Revaluations 308,737
At 31 October 2024 5,480,450
NET BOOK VALUE
At 31 October 2024 5,480,450
At 31 October 2023 6,771,853

Cost or valuation at 31 October 2024 is represented by:

Listed
investments
£   
Valuation in 2024 5,480,450

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 1,683,154
Fair value adjustment 289,346
At 31 October 2024 1,972,500
NET BOOK VALUE
At 31 October 2024 1,972,500
At 31 October 2023 1,683,154

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2024 1,972,500

Cargo Associates Limited (Registered number: 07053965)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,532,525 608,936

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal 2024 2023
value:
£    £   

569,750 A Ordinary £1 569,750 569,750
569,750 B Ordinary £1 569,750 569,750
1,053,500 C Ordinary £1 1,053,500 1,053,500
1,053,500 D Ordinary £1 1,053,500 1,053,500
1,053,500 E Ordinary £1 1,053,500 1,053,500
4,300,000 Redeemable Preference £1 4,300,000 4,300,000

8,600,000 8,600,000

The Redeemable Preference Shares are redeemable at the discretion of the directors.

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,288 1,083
Tax 21,738 50,916
Social security & other taxes - 2,261
Other creditors 5,700 5,700
Directors' current accounts 985,348 1,813,968
Accrued expenses 16,072 5,450
1,032,146 1,879,378

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Young (Senior Statutory Auditor)
for and on behalf of Deeks Evans Audit Services Limited