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REGISTERED NUMBER: 12062591 (England and Wales)











CT LOCAL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






CT LOCAL LIMITED (REGISTERED NUMBER: 12062591)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


CT LOCAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: Sir Lynton K Crosby AO
S D Muncer





REGISTERED OFFICE: One Strand
Trafalgar Square
London
WC2N 5EJ





REGISTERED NUMBER: 12062591 (England and Wales)





AUDITOR: Crowe U.K. LLP
55 Ludgate Hill
London
EC4M 7JW

CT LOCAL LIMITED (REGISTERED NUMBER: 12062591)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,328 3,467

CURRENT ASSETS
Debtors 5 276,462 304,936
Cash at bank 845 147,270
277,307 452,206
CREDITORS
Amounts falling due within one year 6 239,841 397,763
NET CURRENT ASSETS 37,466 54,443
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,794

57,910

PROVISIONS FOR LIABILITIES 332 867
NET ASSETS 38,462 57,043

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 38,362 56,943
SHAREHOLDERS' FUNDS 38,462 57,043

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 11th December 2024 and were signed on its behalf by:





S D Muncer - Director


CT LOCAL LIMITED (REGISTERED NUMBER: 12062591)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

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

Turnover represents amounts receivable from clients for services and rechargeable expenses, exclusive of sales taxes. Fees are earnt principally on a monthly basis over the course of the contract, invoiced monthly in advance. Amounts invoiced in advance at the year-end are recognised as deferred income. Fees that are contingent on the occurrence of a future event that is outside the control of the company are recognised on the occurrence of that event.

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

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.

CT LOCAL LIMITED (REGISTERED NUMBER: 12062591)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

3. EMPLOYEES

The average number of employees during the year was NIL (2023 - 5 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2023
and 30th June 2024 6,407
DEPRECIATION
At 1st July 2023 2,940
Charge for year 2,139
At 30th June 2024 5,079
NET BOOK VALUE
At 30th June 2024 1,328
At 30th June 2023 3,467

CT LOCAL LIMITED (REGISTERED NUMBER: 12062591)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 276,414 289,989
Other debtors 48 14,947
276,462 304,936

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 239,841 363,600
Taxation and social security - 34,163
239,841 397,763

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

The Report of the Auditor was unqualified.

Stephen Bullock (Senior Statutory Auditor)
for and on behalf of Crowe U.K. LLP

8. ULTIMATE CONTROLLING PARTY

The immediate parent company is CT Group (UK) Trading Limited, a company incorporated in England and Wales, which owns 75% of the ordinary share capital.

The ultimate controlling parties are the directors of CT Group Holdings Limited, which is the ultimate parent company and whose registered office is One Strand, Trafalgar Square, London WC2N 5EJ.

The results of CT Local Limited are included in the consolidated accounts of CT Group Holdings Limited.