CONDOR LOGISTICS LIMITED

Company Registration Number:
00797017 (England and Wales)

Unaudited statutory accounts for the year ended 30 March 2024

Period of accounts

Start date: 26 March 2023

End date: 30 March 2024

CONDOR LOGISTICS LIMITED

Contents of the Financial Statements

for the Period Ended 30 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

CONDOR LOGISTICS LIMITED

Directors' report period ended 30 March 2024

The directors present their report with the financial statements of the company for the period ended 30 March 2024

Principal activities of the company

The Company's principal activity was freight forwarding. Operations ceased on 31 December 2012 following the decision to close the Logistics business after the withdrawal of low value consignment relief (LVCR) by the UK Government in April 2012 resulting in a significant reduction in volumes and over capacity in the freight forwarding market. Provisions for future expected costs of closure of the Company were included in the financial statements of the parent company, Condor Holdings Limited. The Directors are confident that all outstanding obligations of the Company have been met, and they intend to have a solvent wind up of the Company in due course.



Directors

The directors shown below have held office during the whole of the period from
26 March 2023 to 30 March 2024

Russell Kew
Ash Kelso


The director shown below has held office during the period of
26 March 2023 to 20 February 2024

John Napton


The director shown below has held office during the period of
22 February 2024 to 30 March 2024

Christophe Mathieu


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
15 May 2025

And signed on behalf of the board by:
Name: Christophe Mathieu
Status: Director

CONDOR LOGISTICS LIMITED

Profit And Loss Account

for the Period Ended 30 March 2024

2024 2023


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: 0 0
Other operating income: 0 0
Operating profit(or loss): 0 0
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 0 0
Tax: 0 0
Profit(or loss) for the financial year: 0 0

CONDOR LOGISTICS LIMITED

Balance sheet

As at 30 March 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 0 0
Investments: 3 145,999 145,999
Total current assets: 145,999 145,999
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 145,999 145,999
Total assets less current liabilities: 145,999 145,999
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 145,999 145,999
Capital and reserves
Called up share capital: 2,500,100 2,500,100
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: (2,354,101 ) (2,354,101 )
Total Shareholders' funds: 145,999 145,999

The notes form part of these financial statements

CONDOR LOGISTICS LIMITED

Balance sheet statements

For the year ending 30 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

This report was approved by the board of directors on 15 May 2025
and signed on behalf of the board by:

Name: Christophe Mathieu
Status: Director

The notes form part of these financial statements

CONDOR LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents amounts receivable for freight forwarding and road haulage services provided in the UK and overseas net of trade discounts, VAT and other related taxes. Turnover also includes management fees for services provided to other group companies. Turnover is recognised at the point of provision of shipment of freight to its destination.

    Other accounting policies

    The financial statements have been prepared on a break up basis under the historical cost convention and in accordance with applicable United Kingdom accounting principles and with the Companies Act 2006. The accounting policies which have been applied consistently are described below. Going concern The Directors are of the opinion that it is appropriate to prepare the financial statements on a break up basis given the company ceased operations on 31 December 2012. Group accounts The financial statements contain information about Condor Logistics Limited as an individual company and do not contain consolidated information as the parent of the Company’s subsidiaries. The Company is exempt under S400 of the Companies Act 2006 from the requirement to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its immediate parent, Condor UK Holdings Limited, a company registered in England and Wales. Investments Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Following the adoption of the break up basis of accounting, investments have been reclassified under current assets. Taxation The charge for taxation is based on the results for the year. Deferred taxation is recognised as an asset or liability if transactions have accrued at the balance sheet date that give rise to a right to pay less tax in the future or an obligation to pay more tax in the future. An asset is recognised to the extent that the transfer of economic benefit in the future is more likely than not to occur. Deferred tax assets and liabilities are not discounted. Capital instruments Capital instruments are accounted for and classified as equity or non-equity share capital, equity or non-equity minority interest or debt according to their form. Costs incurred in raising equity are written off against proceeds received.

CONDOR LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

CONDOR LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 March 2024

3. Current assets investments note

Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Following the adoption of the break up basis of accounting, investments have been reclassified under current assets.

CONDOR LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 March 2024

4. Financial Commitments

As at the period end, all the Company’s outstanding commitments in respect of operating leases have been provided for in the financial statements of the parent company, Condor Holdings Limited and therefore are not disclosed here.