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Registration number: 10331796

Cadmus Rock Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 September 2023 to 30 September 2024

 

Cadmus Rock Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Cadmus Rock Limited

Company Information

Directors

Mr P D Williams

Mr K P Grigg

Mrs E A Williams

Mrs E L Ballantine

Registered office

St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

Accountants

Young & Co
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

 

Cadmus Rock Limited

(Registration number: 10331796)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

651,369

176,737

Current assets

 

Debtors

5

835,094

1,136,140

Cash at bank and in hand

 

33,330

66,240

 

868,424

1,202,380

Creditors: Amounts falling due within one year

6

(553,484)

(1,418,150)

Net current assets/(liabilities)

 

314,940

(215,770)

Net assets/(liabilities)

 

966,309

(39,033)

Capital and reserves

 

Called up share capital

7

800,100

100

Retained earnings

166,209

(39,133)

Shareholders' funds/(deficit)

 

966,309

(39,033)

For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Cadmus Rock Limited

(Registration number: 10331796)
Balance Sheet as at 30 September 2024
(continued)

Approved and authorised by the Board on 4 April 2025 and signed on its behalf by:
 

.........................................
Mr P D Williams
Director

 

Cadmus Rock Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA
England

The principal place of business is:
Bird in Hand Cottage
Whiteshill
Stroud
Gloucestershire
GL6 6JP

These financial statements were authorised for issue by the Board on 4 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Cadmus Rock Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 30 September 2024
(continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantially enacted by the end of the reporting period.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Cadmus Rock Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 30 September 2024
(continued)

2

Accounting policies (continued)

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit and loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4 (2023 - 4).

 

Cadmus Rock Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 30 September 2024
(continued)

4

Investments

2024
£

2023
£

Investments in joint ventures

651,369

176,737

Joint ventures

£

Cost

At 1 September 2023

176,737

Additions

475,000

Disposals

(368)

At 30 September 2024

651,369

Provision

Carrying amount

At 30 September 2024

651,369

At 31 August 2023

176,737

 

Cadmus Rock Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 30 September 2024
(continued)

5

debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

435,533

1,134,982

Prepayments

 

126

778

Other debtors

 

399,435

380

 

835,094

1,136,140

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

878

878

Amounts owed to group undertakings and undertakings in which the company has a participating interest

143

-

Taxation and social security

 

392

568

Accruals and deferred income

 

1,757

1,543

Other creditors

 

550,314

1,415,161

 

553,484

1,418,150

 

Cadmus Rock Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 30 September 2024
(continued)

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

3

3

3

3

Ordinary B of £1 each

1

1

1

1

Ordinary C of £1 each

48

48

48

48

Ordinary D of £1 each

48

48

48

48

Preference of £1 (2023 - £0) each

800,000

800,000

-

-

800,100

800,100

100

100