IRIS Accounts Production v25.1.4.42 04298714 Board of Directors 1.1.24 31.12.24 31.12.24 8.7.25 false true false false true false Auditors Opinion Ordinary 6.39000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042987142023-12-31042987142024-12-31042987142024-01-012024-12-31042987142022-12-31042987142023-01-012023-12-31042987142023-12-3104298714ns15:EnglandWales2024-01-012024-12-3104298714ns14:PoundSterling2024-01-012024-12-3104298714ns10:Director12024-01-012024-12-3104298714ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3104298714ns10:SmallEntities2024-01-012024-12-3104298714ns10:Audited2024-01-012024-12-3104298714ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3104298714ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3104298714ns10:FullAccounts2024-01-012024-12-3104298714ns10:OrdinaryShareClass12024-01-012024-12-3104298714ns10:Director22024-01-012024-12-3104298714ns10:RegisteredOffice2024-01-012024-12-3104298714ns5:CurrentFinancialInstruments2024-12-3104298714ns5:CurrentFinancialInstruments2023-12-3104298714ns5:Non-currentFinancialInstruments2024-12-3104298714ns5:Non-currentFinancialInstruments2023-12-3104298714ns5:ShareCapital2024-12-3104298714ns5:ShareCapital2023-12-3104298714ns5:RetainedEarningsAccumulatedLosses2024-12-3104298714ns5:RetainedEarningsAccumulatedLosses2023-12-3104298714ns5:LongLeaseholdAssetsns5:LandBuildings2023-12-3104298714ns5:PlantMachinery2023-12-3104298714ns5:LongLeaseholdAssetsns5:LandBuildings2024-01-012024-12-3104298714ns5:PlantMachinery2024-01-012024-12-3104298714ns5:LongLeaseholdAssetsns5:LandBuildings2024-12-3104298714ns5:PlantMachinery2024-12-3104298714ns5:LongLeaseholdAssetsns5:LandBuildings2023-12-3104298714ns5:PlantMachinery2023-12-3104298714ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3104298714ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3104298714ns5:WithinOneYear2024-12-3104298714ns5:WithinOneYear2023-12-3104298714ns5:BetweenOneFiveYears2024-12-3104298714ns5:BetweenOneFiveYears2023-12-3104298714ns5:AllPeriods2024-12-3104298714ns5:AllPeriods2023-12-3104298714ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 04298714 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Christian Liaigre Limited

Christian Liaigre Limited (Registered number: 04298714)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Christian Liaigre Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: C Caillaud
K M Collins





REGISTERED OFFICE: 66 -70 Fulham Road
London
SW3 6HH





REGISTERED NUMBER: 04298714 (England and Wales)





AUDITORS: Dux Advisory Limited
Kennel Club House
Gatehouse Way
Aylesbury
Buckinghamshire
HP19 8DB

Christian Liaigre Limited (Registered number: 04298714)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,869 3,465

CURRENT ASSETS
Stocks 5 624,320 541,418
Debtors 6 409,902 447,303
Cash at bank and in hand 453,185 524,349
1,487,407 1,513,070
CREDITORS
Amounts falling due within one year 7 777,098 473,594
NET CURRENT ASSETS 710,309 1,039,476
TOTAL ASSETS LESS CURRENT LIABILITIES 712,178 1,042,941

CREDITORS
Amounts falling due after more than one year 8 3,434,386 3,451,887
NET LIABILITIES (2,722,208 ) (2,408,946 )

CAPITAL AND RESERVES
Called up share capital 10 10,224 10,224
Retained earnings (2,732,432 ) (2,419,170 )
SHAREHOLDERS' FUNDS (2,722,208 ) (2,408,946 )

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 7 July 2025 and were signed on its behalf by:





C Caillaud - Director


Christian Liaigre Limited (Registered number: 04298714)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Christian Liaigre 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

Basis of preparing the financial statements
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 provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.

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

These financial statements are prepared on a going concern basis because the parent company has undertaken to provide continuing financial support so that the Company is able to pay its debts as and when they fall due.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Significant judgements and estimates
In preparing the financial statements it is necessary to make certain judgements, estimates and assumptions that effect the amounts recognised in the financial statements. These assumptions are reassessed annually as part od the accounts preparation process.

In the view of the directors applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material judgement in the next financial year.

Going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Related party exemption
The company has taken advantage of exemption, under the terms of 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.

Turnover
Turnover represents amounts receivable by the company in the ordinary course of business for goods net of VAT and trade discounts.

Christian Liaigre Limited (Registered number: 04298714)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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

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

Plant and machinery- 20% on cost and 10% cost


Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

Christian Liaigre Limited (Registered number: 04298714)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Long Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 January 2024 411,254 85,769 497,023
Additions - 413 413
At 31 December 2024 411,254 86,182 497,436
DEPRECIATION
At 1 January 2024 411,254 82,304 493,558
Charge for year - 2,009 2,009
At 31 December 2024 411,254 84,313 495,567
NET BOOK VALUE
At 31 December 2024 - 1,869 1,869
At 31 December 2023 - 3,465 3,465

5. STOCKS
31.12.24 31.12.23
£    £   
Stocks 624,320 541,418

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors (24,081 ) (24,315 )
Amounts owed by group undertakings 263,445 277,167
Deferred Tax 90,903 122,289
VAT 3,133 -
Prepayments 76,502 72,162
409,902 447,303

There is £173,415 (2023: £85,394) of unrecognised deferred tax in relation to unutilised losses carried forward.

Christian Liaigre Limited (Registered number: 04298714)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 139,708 120,899
Social security and other taxes 6,509 4,993
VAT - 2,156
CVA - 30,000
Other creditors 535,184 252,592
Accrued expenses 95,697 62,954
777,098 473,594

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed to group
undertakings 3,434,386 3,434,386
CVA - 17,501
3,434,386 3,451,887

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 220,000 217,500
Between one and five years 278,750 498,750
498,750 716,250

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,600 Ordinary £6.39 10,224 10,224

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Bianca Permal FCA (Senior Statutory Auditor)
for and on behalf of Dux Advisory Limited

Christian Liaigre Limited (Registered number: 04298714)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

12. CONTINGENT LIABILITIES

As part of the company being under a Creditors Voluntary Arrangement, (CVA) the total CVA creditors reflected in the Balance Sheet have been recognised on what realistically the company expects to pay into the CVA over the remaining period. Using Begbies Traynor's latest figures dated 9 June 2024 per Companies House, they expect the company to pay a minimum of £2,500 a month which leaves a total of £17,500 (2023: £47,500) to be paid over the remaining period of the CVA.

Overall the creditors in the CVA are expected to receive approximately £0.17 (2023: £0.17) in the £1 currently per Begbies Traynors.

If the company were to default at any point during the remaining period of the CVA, the total creditor liability would become payable which is currently £614,434 (2023: £644,434) less any payments made into the CVA at that point.

13. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Christian Liaigre SAS. The ultimate parent company is Macassar Holdings SARL, whose registered office is as follows:

Macassar Holdings SARL
89B Rue Pafebruch
L-8308 Capellen, Luxembourg