REGISTERED NUMBER: |
WHOLESALE FRUIT CENTRE (CARDIFF) LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
REGISTERED NUMBER: |
WHOLESALE FRUIT CENTRE (CARDIFF) LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
WHOLESALE FRUIT CENTRE (CARDIFF) LIMITED (REGISTERED NUMBER: 00732323) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
WHOLESALE FRUIT CENTRE (CARDIFF) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Tudor House |
16 Cathedral Road |
Cardiff |
CF11 9LJ |
WHOLESALE FRUIT CENTRE (CARDIFF) LIMITED (REGISTERED NUMBER: 00732323) |
STATEMENT OF FINANCIAL POSITION |
30TH SEPTEMBER 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps 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 Sections 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. |
WHOLESALE FRUIT CENTRE (CARDIFF) LIMITED (REGISTERED NUMBER: 00732323) |
STATEMENT OF FINANCIAL POSITION - continued |
30TH SEPTEMBER 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
WHOLESALE FRUIT CENTRE (CARDIFF) LIMITED (REGISTERED NUMBER: 00732323) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
1. | STATUTORY INFORMATION |
Wholesale Fruit Centre (Cardiff) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover comprises income from the principal activity of the company. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
No depreciation is provided on the company's freehold property which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors, although the property is primarily held for use by the company's shareholders for their own business, the property has the characteristics of an investment property. Accordingly it's current value is of more significance than any measure of consumption and to depreciate it would not give a true and fair view. If this departure from the Act had not been made, the profit for the year would have been reduced by depreciation. |
However the amount of depreciation cannot reasonably be quantified and the amount which might otherwise have been shown cannot be separately identified or quantified. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Income and expenditure |
It is the company's policy to net off income received against certain expenditure incurred on behalf of the tenants of the Wholesale Fruit Centre units. In this context, it is the company's policy to provide accruals for expenditure incurred which is rechargeable to the tenants and related prepayments of this expenditure are also provided. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
WHOLESALE FRUIT CENTRE (CARDIFF) LIMITED (REGISTERED NUMBER: 00732323) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1st October 2023 |
and 30th September 2024 |
DEPRECIATION |
At 1st October 2023 |
and 30th September 2024 |
NET BOOK VALUE |
At 30th September 2024 |
At 30th September 2023 |
Included in cost of land and buildings is freehold land of £ 1,097,342 (2023 - £ 1,097,342 ) which is not depreciated. |
The directors have been advised that the open market value of the freehold property exceeds the current net book value. Although the Centre is currently being marketed as available for purchase, in the absence of any contract for sale, the directors consider it appropriate to retain the property at cost in the balance sheet. |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1st October 2023 |
and 30th September 2024 |
NET BOOK VALUE |
At 30th September 2024 |
At 30th September 2023 |
The company's investments at the Statement of Financial Position date in the share capital of companies include the following: |
Registered office: Registered in England and Wales |
Nature of business: |
% |
Class of shares: | holding |
WHOLESALE FRUIT CENTRE (CARDIFF) LIMITED (REGISTERED NUMBER: 00732323) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
Other creditors comprise loans from traders. The loans are unsecured, interest free and repayable at the option of the company. |