Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-302024-03-30falsetrue2023-03-312Import and export of fish products overseas2truetrue 01160267 2023-03-31 2024-03-30 01160267 2022-03-31 2023-03-30 01160267 2024-03-30 01160267 2023-03-30 01160267 c:Director1 2023-03-31 2024-03-30 01160267 d:CurrentFinancialInstruments 2024-03-30 01160267 d:CurrentFinancialInstruments 2023-03-30 01160267 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-30 01160267 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-30 01160267 d:ShareCapital 2024-03-30 01160267 d:ShareCapital 2023-03-30 01160267 d:RetainedEarningsAccumulatedLosses 2024-03-30 01160267 d:RetainedEarningsAccumulatedLosses 2023-03-30 01160267 c:OrdinaryShareClass1 2023-03-31 2024-03-30 01160267 c:OrdinaryShareClass1 2024-03-30 01160267 c:OrdinaryShareClass1 2023-03-30 01160267 c:EntityNoLongerTradingButTradedInPast 2023-03-31 2024-03-30 01160267 c:FRS102 2023-03-31 2024-03-30 01160267 c:AuditExempt-NoAccountantsReport 2023-03-31 2024-03-30 01160267 c:FullAccounts 2023-03-31 2024-03-30 01160267 c:PrivateLimitedCompanyLtd 2023-03-31 2024-03-30 01160267 e:PoundSterling 2023-03-31 2024-03-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01160267


CORONATION (EXPORT IMPORT) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 MARCH 2024

 
CORONATION (EXPORT IMPORT) LIMITED
REGISTERED NUMBER:01160267

BALANCE SHEET
AS AT 30 MARCH 2024

2024
2023
Note
£
£

  

  

Creditors: amounts falling due within one year
 4 
(4,527,296)
(4,436,621)

Net current liabilities
  
 
 
(4,527,296)
 
 
(4,436,621)

Total assets less current liabilities
  
(4,527,296)
(4,436,621)

  

Net liabilities
  
(4,527,296)
(4,436,621)


Capital and reserves
  

Called up share capital 
 5 
3,000,000
3,000,000

Profit and loss account
  
(7,527,296)
(7,436,621)

  
(4,527,296)
(4,436,621)


For the year ended 30 March 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 March 2025.




................................................
L T Lalwani
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
CORONATION (EXPORT IMPORT) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

1.


General information

Coronation (Export Import) Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is 26 Church Road, Stanmore, Middlesex, HA7 4AW. 
The company's functional and presentational currency is GBP and the financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

It is the directors’ intention to cease the company’s trade and to wind up the company within 12 months of the approval of these accounts. Therefore, these financial statements have been prepared on a basis other than that of a going concern. As a result, assets have been recognised at their recoverable amounts and full provision has been made for any liabilities. This does not result in any differences to the carrying values or disclosures compared to the going concern basis.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
 

Page 2

 
CORONATION (EXPORT IMPORT) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

2.Accounting policies (continued)


2.5
Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 3

 
CORONATION (EXPORT IMPORT) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 2).


4.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
154,457
125,466

Amounts owed to group undertakings
3,781,747
3,781,747

Other taxation and social security
33
33

Other creditors
187,060
127,376

Accruals and deferred income
403,999
401,999

4,527,296
4,436,621



5.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



3,000,000 (2023 - 3,000,000) Ordinary shares shares of £1.00 each
3,000,000
3,000,000



6.


Related party transactions

At the year end the amount due to Blanco Investments Limited, the parent company of Coronation (Export Import) Limited,  was £3,781,747 (2023: £3,781,747). 

The amount due to Coronation Enterprises Ltd was £14,503 (2023: £6,583) a company under common control.


7.


Controlling party

The ultimate controlling party of Coronation (Export Import) Limited is B K Mirchandani.

 
Page 4