Company registration number 03022963 (England and Wales)
CATTON HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
CATTON HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
CATTON HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
253,887
269,609
Investments
4
635,388
623,741
889,275
893,350
Current assets
Debtors
5
2,133,716
2,347,470
Cash at bank and in hand
1,826
8,689
2,135,542
2,356,159
Creditors: amounts falling due within one year
6
(218,370)
(544,335)
Net current assets
1,917,172
1,811,824
Total assets less current liabilities
2,806,447
2,705,174
Provisions for liabilities
(81,106)
(80,817)
Net assets
2,725,341
2,624,357
Capital and reserves
Called up share capital
7
750
750
Fair value reserve
8
227,489
215,842
Capital redemption reserve
8
250
250
Profit and loss reserves
8
2,496,852
2,407,515
Total equity
2,725,341
2,624,357

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

CATTON HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2024
31 July 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 4 February 2025 and are signed on its behalf by:
N Catton
Director
Company Registration No. 03022963
CATTON HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information

Catton Holdings Limited is a private company, limited by shares, incorporated in England and Wales. The registered office is 33-35 Kings Road, Hay Mills, Birmingham, B25 8JB. The company registration number is 03022963.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% on cost
Plant and equipment
10% reducing balance
Fixtures and fittings
15% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

CATTON HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 4 -

 

Investments are measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Transaction costs are expensed to profit or loss as incurred. Changes in fair value are recognised in other comprehensive income except to the extent that a gain reverses a loss previously recognised in profit or loss, or a loss exceeds the accumulated gains recognised in equity. Gains are recognised in the profit and loss account and then subsequently transferred to the fair value reserve, net of deferred tax adjustments, which is a separate non-distributable reserve held on the balance sheet.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

CATTON HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
5
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 August 2023 and 31 July 2024
271,760
388,349
660,109
Depreciation
At 1 August 2023
102,961
287,539
390,500
Depreciation charged in the year
4,435
11,287
15,722
At 31 July 2024
107,396
298,826
406,222
Carrying amount
At 31 July 2024
164,364
89,523
253,887
At 31 July 2023
168,799
100,810
269,609
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
518,200
518,200
Other investments other than loans
117,188
105,541
635,388
623,741
CATTON HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
4
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 August 2023
518,200
105,541
623,741
Valuation changes
-
11,647
11,647
At 31 July 2024
518,200
117,188
635,388
Carrying amount
At 31 July 2024
518,200
117,188
635,388
At 31 July 2023
518,200
105,541
623,741
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
2,133,716
2,347,470
6
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
51,669
155,130
Other taxation and social security
2,989
3,792
Other creditors
163,712
385,413
218,370
544,335

Included within other creditors is £67,048 (2023: £289,894) which is owed to directors of the Company. The amounts due are interest free.

7
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
750 Ordinary shares of £1 each
750
750
CATTON HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 7 -
8
Reserves
Fair value reserve

This reserve records the unrealised gains or losses on the revaluation of equity investments, less deferred tax.

Capital redemption reserve

This reserve records the value of the Company's ordinary share capital repurchased from it's shareholders in current and prior periods.

Profit and loss reserves

This reserve records all current and prior period retained profits and losses.

9
Financial commitments, guarantees and contingent liabilities

A group VAT registration is in force. The company is jointly and severally liable for the amount of VAT owed by Catton Cables Limited and Catton Control Cables Limited. At the balance sheet date, this amounted to £131,590 (2023: £141,809). VAT is up to date and has been paid post year end.

10
Related party transactions

 

The company has taken advantage of exemption, under the terms of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.

12
Parent company

At the balance sheet date, the company was owned and controlled by Catton Manufacturing Group Limited, a company registered in England and Wales with registered office address of 33-35 Kings Road, Yardley, Birmingham, B25 8JB.

 

The ultimate controlling part is N Catton by virtue of his shareholding in Catton Manufacturing Group Limited,

 

2024-07-312023-08-01falsefalsefalse11 April 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityR CattonN CattonC CattonS CattonN Catton030229632023-08-012024-07-31030229632024-07-31030229632023-07-3103022963core:LandBuildings2024-07-3103022963core:OtherPropertyPlantEquipment2024-07-3103022963core:LandBuildings2023-07-3103022963core:OtherPropertyPlantEquipment2023-07-3103022963core:CurrentFinancialInstruments2024-07-3103022963core:CurrentFinancialInstruments2023-07-3103022963core:ShareCapital2024-07-3103022963core:ShareCapital2023-07-3103022963core:RevaluationReserve2024-07-3103022963core:RevaluationReserve2023-07-3103022963core:CapitalRedemptionReserve2024-07-3103022963core:CapitalRedemptionReserve2023-07-3103022963core:RetainedEarningsAccumulatedLosses2024-07-3103022963core:RetainedEarningsAccumulatedLosses2023-07-3103022963bus:CompanySecretaryDirector12023-08-012024-07-3103022963core:LandBuildingscore:OwnedOrFreeholdAssets2023-08-012024-07-3103022963core:PlantMachinery2023-08-012024-07-3103022963core:FurnitureFittings2023-08-012024-07-3103022963core:MotorVehicles2023-08-012024-07-31030229632022-08-012023-07-3103022963core:LandBuildings2023-07-3103022963core:OtherPropertyPlantEquipment2023-07-31030229632023-07-3103022963core:LandBuildings2023-08-012024-07-3103022963core:OtherPropertyPlantEquipment2023-08-012024-07-3103022963core:Non-currentFinancialInstruments2024-07-3103022963core:Non-currentFinancialInstruments2023-07-3103022963bus:PrivateLimitedCompanyLtd2023-08-012024-07-3103022963bus:SmallCompaniesRegimeForAccounts2023-08-012024-07-3103022963bus:FRS1022023-08-012024-07-3103022963bus:AuditExemptWithAccountantsReport2023-08-012024-07-3103022963bus:Director12023-08-012024-07-3103022963bus:Director22023-08-012024-07-3103022963bus:Director32023-08-012024-07-3103022963bus:Director42023-08-012024-07-3103022963bus:CompanySecretary12023-08-012024-07-3103022963bus:FullAccounts2023-08-012024-07-31xbrli:purexbrli:sharesiso4217:GBP