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REGISTERED NUMBER: 02747139 (England and Wales)












REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

RETAIL CONCESSIONS LIMITED

RETAIL CONCESSIONS LIMITED (REGISTERED NUMBER: 02747139)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


RETAIL CONCESSIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: J Johnson
Mrs N J Johnson





SECRETARY: Mrs N J Johnson





REGISTERED OFFICE: Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 02747139 (England and Wales)





ACCOUNTANTS: Cook and Partners Limited
Chartered Accountants
32 Rye Street
Bishop's Stortford
Hertfordshire
CM23 2HG

RETAIL CONCESSIONS LIMITED (REGISTERED NUMBER: 02747139)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST DECEMBER 2024

The directors present their report with the financial statements of the company for the year ended 31st December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of marketing and selling short term exhibition space in retail outlets and the management and regulation of mobile catering units throughout the United Kingdom.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st January 2024 to the date of this report.

J Johnson
Mrs N J Johnson

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs N J Johnson - Director


23rd June 2025

RETAIL CONCESSIONS LIMITED (REGISTERED NUMBER: 02747139)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 253,425 157,741

CURRENT ASSETS
Debtors 5 70,448 224,994
Cash at bank 1,145,457 1,224,772
1,215,905 1,449,766
CREDITORS
Amounts falling due within one year 6 678,127 865,609
NET CURRENT ASSETS 537,778 584,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

791,203

741,898

PROVISIONS FOR LIABILITIES 11,030 13,434
NET ASSETS 780,173 728,464

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 780,073 728,364
SHAREHOLDERS' FUNDS 780,173 728,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

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.

RETAIL CONCESSIONS LIMITED (REGISTERED NUMBER: 02747139)

BALANCE SHEET - continued
31ST DECEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd June 2025 and were signed on its behalf by:





Mrs N J Johnson - Director


RETAIL CONCESSIONS LIMITED (REGISTERED NUMBER: 02747139)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Retail Concessions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Accounting convention
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern Justification
The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31 December 2024 have been prepared using the going concern basis of accounting.

Revenue
Revenue - Described as turnover - is the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the provision of services once completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

RETAIL CONCESSIONS LIMITED (REGISTERED NUMBER: 02747139)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Leased assets and leasing commitments
Where assets are financed by leasing agreements that give rights approximately to ownership ("finance leases") the assets are treated as if they had been purchased outright. The amount capitalised is the fair value of the asset concerned. The corresponding liability to the leasing company is included as an obligation under finance leases. Depreciation of leased assets is charged to the profit and loss account over the short of the lease terms and their useful lives. Leasing payments are treated as consisting of capital and interest elements, and interest is charged to the profit and loss account on a straight line basis which is considered to be a reasonable approximation to a constant rate of charge on the outstanding balance.

All other leases are treated as "operating leases" and the relevant annual rentals are charged to the profit and loss account on a straight line basis over the lease term; unless they relate to vacant leasehold properties in which case provision is made on a discounted basis for the net obligation under the lease. The unwinding of the discount is disclosed within interest payable and similar charges.

Pension costs
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable for the period by the company to the fund.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Short to Plant and
property leasehold property machinery
£    £    £    £   
COST
At 1st January 2024 - 59,272 4,965 21,734
Additions 104,669 - 137 -
At 31st December 2024 104,669 59,272 5,102 21,734
DEPRECIATION
At 1st January 2024 - - 2,199 7,824
Charge for year - - 581 2,782
At 31st December 2024 - - 2,780 10,606
NET BOOK VALUE
At 31st December 2024 104,669 59,272 2,322 11,128
At 31st December 2023 - 59,272 2,766 13,910

RETAIL CONCESSIONS LIMITED (REGISTERED NUMBER: 02747139)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2024 62,168 93,905 199,905 441,949
Additions 2,655 - 10,311 117,772
At 31st December 2024 64,823 93,905 210,216 559,721
DEPRECIATION
At 1st January 2024 57,460 28,309 188,416 284,208
Charge for year 889 13,119 4,717 22,088
At 31st December 2024 58,349 41,428 193,133 306,296
NET BOOK VALUE
At 31st December 2024 6,474 52,477 17,083 253,425
At 31st December 2023 4,708 65,596 11,489 157,741

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 61,666 120,822
Other debtors 8,782 104,172
70,448 224,994

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 494,283 749,580
Taxation and social security 64,449 43,084
Other creditors 119,395 72,945
678,127 865,609

7. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the year end of £40,315 (2023: £55,807)