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REGISTERED NUMBER: 12282384 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

CUSTERS & DAUGHTERS LIMITED

CUSTERS & DAUGHTERS LIMITED (REGISTERED NUMBER: 12282384)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CUSTERS & DAUGHTERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: P H Custers
P S Custers
J P L Custers
I E S Custers





REGISTERED OFFICE: 8 Ridgway Place
London
SW19 4EP





REGISTERED NUMBER: 12282384 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

CUSTERS & DAUGHTERS LIMITED (REGISTERED NUMBER: 12282384)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 312
Investment property 5 1,000,000 1,000,000
1,000,000 1,000,312

CURRENT ASSETS
Debtors 6 7,228 2,144
Cash at bank 2,888 9,511
10,116 11,655
CREDITORS
Amounts falling due within one year 7 207,360 213,694
NET CURRENT LIABILITIES (197,244 ) (202,039 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

802,756

798,273

CREDITORS
Amounts falling due after more than one
year

8

(595,025

)

(595,025

)

PROVISIONS FOR LIABILITIES 10 (63,738 ) (63,738 )
NET ASSETS 143,993 139,510

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 11 191,217 191,217
Retained earnings (48,224 ) (52,707 )
143,993 139,510

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

CUSTERS & DAUGHTERS LIMITED (REGISTERED NUMBER: 12282384)

BALANCE SHEET - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2025 and were signed on its behalf by:





P H Custers - Director


CUSTERS & DAUGHTERS LIMITED (REGISTERED NUMBER: 12282384)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Custers & Daughters 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 the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Revenue is measured at the fair value of of the consideration received or receivable. It is recognised over the rental period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Financial instruments
Debtors and creditors with no stated interest rate and receivables or payables 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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit or loss unless the asset is carried at a revalued amount where the impairment amount is a revaluation decrease.

CUSTERS & DAUGHTERS LIMITED (REGISTERED NUMBER: 12282384)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 3,713
Disposals (1,109 )
At 31 October 2024 2,604
DEPRECIATION
At 1 November 2023 3,401
Charge for year 312
Eliminated on disposal (1,109 )
At 31 October 2024 2,604
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 312

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 1,000,000
NET BOOK VALUE
At 31 October 2024 1,000,000
At 31 October 2023 1,000,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2021 127,925
Valuation in 2022 127,030
Cost 745,045
1,000,000

If Investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 745,045 745,045

Investment properties were valued on an fair value basis on 31 October 2023 by the directors.

CUSTERS & DAUGHTERS LIMITED (REGISTERED NUMBER: 12282384)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,228 2,144
Other debtors 5,000 -
7,228 2,144

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,866 8,598
Taxation and social security 1,125 833
Other creditors 204,369 204,263
207,360 213,694

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 595,025 595,025

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 595,025 595,025

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 595,025 595,025

Bank loans of £595,025 are secured by way of a fixed and floating charge against the assets of the company.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 63,738 63,738

Deferred
tax
£   
Balance at 1 November 2023 63,738
Balance at 31 October 2024 63,738

CUSTERS & DAUGHTERS LIMITED (REGISTERED NUMBER: 12282384)

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


11. RESERVES
Fair
value
reserve
£   
At 1 November 2023
and 31 October 2024 191,217

12. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the directors £200,678 (2023:£202,678). These loans bear no interest and have no repayment terms.