2023-07-01 04048042 2024-06-30 04048042 2023-07-01 2024-06-30 04048042 2023-06-30 04048042 2022-07-01 2023-06-30 04048042 uk-core:WithinOneYear 2023-06-30 04048042 uk-core:WithinOneYear 2024-06-30 04048042 uk-core:AfterOneYear 2023-06-30 04048042 uk-core:AfterOneYear 2024-06-30 04048042 uk-core:ShareCapital 2024-06-30 04048042 uk-core:ShareCapital 2023-06-30 04048042 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 04048042 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 04048042 uk-bus:Director1 2023-07-01 2024-06-30 04048042 uk-core:CostValuation 2023-06-30 04048042 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-06-30 04048042 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-06-30 04048042 uk-core:CostValuation 2024-06-30 04048042 uk-core:Non-currentFinancialInstruments 2024-06-30 04048042 uk-core:Non-currentFinancialInstruments 2023-06-30 iso4217:GBP xbrli:pure 04048042 uk-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 04048042 uk-bus:FRS102 2023-07-01 2024-06-30 04048042 uk-bus:FilletedAccounts 2023-07-01 2024-06-30 04048042 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30
Continental Assets Limited
Registered Number:04048042
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2024
Continental Assets Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04048042
As at 30 June 2024
Continental Assets Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Financial assets
2,737,127
2,737,127
2
2,737,127
2,737,127
Current assets
Trade and other receivables
1,005,986
1,005,815
3
10
Cash and cash equivalents
10
1,005,825
1,005,996
Trade and other payables: amounts falling due within one year
(10,242)
(13,928)
4
995,754
991,897
Net current assets
Total assets less current liabilities
3,729,024
3,732,881
Trade and other payables: amounts falling due after more than one
year
(3,642,157)
(3,632,157)
5
96,867
Net assets
90,724
Capital and reserves
Called up share capital
5,000
5,000
Retained earnings
91,867
85,724
96,867
90,724
Shareholders' funds
For the year ended 30 June 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Wai Cheong Law Director
These financial statements were approved and authorised for issue by the Board on 27 March 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2024
Continental Assets Limited
Notes to the Financial Statements
Statutory Information
Continental Assets Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
04048042.
Registered address:
Unit 21, Kingspark Business Centre
152-178 Kingston Road
New Malden
Surrey
KT3 3ST
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention.
Revenue recognition
Turnover comprises the invoiced value of management services supplied by the company, net of Value Added Tax.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Group accounts
The company is a parent company subject to the small companies' regime. The company and its subsidiary comprise a small
group. The company has, therefore taken advantage of the option provided by section 398 of the Companies Act 2006 not to
prepare group accounts.
2 of 4
5
For the year ended 30 June 2024
Continental Assets Limited
Notes to the Financial Statements Continued
2. Investments held as fixed assets
Shares in group and participating interests
Total
At 01 July 2023
2,737,127
2,737,127
Cost
£
£
At 30 June 2024
2,737,127
2,737,127
At 30 June 2024
Net book value
2,737,127
2,737,127
At 01 July 2023
2,737,127
2,737,127
Name Holding Country of Incorporation Nature of business
HDL Investment Limited 100% England and Wales Investment company
A E Properties Limited 100% England and Wales Property investment and management
Goldline Asset Management Limited 100% England and Wales Investment company
Euro-Cargo Limited 100% England and Wales Investment company
3. Trade and other receivables
2023
2024
£
£
Amounts owed by group undertakings and participating interests
1,005,815
1,005,815
Other debtors
-
171
1,005,986
1,005,815
The debtors above include the following amounts falling due after more than one year:
Amounts owed by group undertakings and participating interests
1,005,815
1,005,815
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
59
-
Other creditors
13,869
10,242
13,928
10,242
3 of 4
6
For the year ended 30 June 2024
Continental Assets Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Amounts owed to group undertaking and undertaking in which the company
has a participating interest
3,632,157
3,642,157
6. Related party transactions
During the year ended 30 June 2024, management charges of £10,000 (2023 : £10,000) were receivable from its wholly owned
subsidiary undertaking A E Properties Limited.
The company is controlled by its ultimate parent undertaking, Morita Investment Holding Limited, a company registered in the
British Virgin Islands.
7. Average number of persons employed
During the year the average number of employees was 0
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