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Registration number: 10692888

Curve Garden Rooms Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Curve Garden Rooms Ltd

(Registration number: 10692888)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

2,571

3,242

Current assets

 

Stocks

5

4,000

14,692

Debtors

6

3,385

10,357

Cash at bank and in hand

 

200,909

151,794

 

208,294

176,843

Creditors: Amounts falling due within one year

7

(44,805)

(24,294)

Net current assets

 

163,489

152,549

Total assets less current liabilities

 

166,060

155,791

Provisions for liabilities

(560)

(616)

Net assets

 

165,500

155,175

Capital and reserves

 

Called up share capital

8

3

3

Retained earnings

165,497

155,172

Shareholders' funds

 

165,500

155,175

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 August 2025 and signed on its behalf by:
 

Garry Martin
Director

   
     
 

Curve Garden Rooms Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
81 Culverden Down
Tunbridge Wells
Kent
TN4 9SL

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Curve Garden Rooms Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Office equipment

20% reducing balance

Machinery

20% reducing balance

Computer equipment

Straight line over 3 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

 

Curve Garden Rooms Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Office equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2024

1,685

10,600

653

12,938

Additions

342

-

-

342

At 31 March 2025

2,027

10,600

653

13,280

Depreciation

At 1 April 2024

1,226

8,085

385

9,696

Charge for the year

330

629

54

1,013

At 31 March 2025

1,556

8,714

439

10,709

Carrying amount

At 31 March 2025

471

1,886

214

2,571

At 31 March 2024

459

2,515

268

3,242

5

Stocks

2025
£

2024
£

Raw materials and consumables

4,000

12,000

Work in progress

-

2,692

4,000

14,692

6

Debtors

Current

2025
£

2024
£

Trade debtors

1,994

-

Prepayments

1,391

3,102

Other debtors

-

7,255

 

3,385

10,357

 

Curve Garden Rooms Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

5,091

2,055

Amounts owed to related parties

838

-

Taxation and social security

25,986

13,952

Accruals and deferred income

11,512

5,113

Other creditors

1,378

3,174

44,805

24,294

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary share of £1 each

2

2

2

2

B Ordinary share of £1 each

1

1

1

1

3

3

3

3

9

Dividends

Interim dividends paid

   

2025
£

 

2024
£

Interim dividend of £1,000.00 per each Ordinary share

 

2,000

 

2,000

Interim dividend of £50,000.00 (2024 - £40,000.00) per each B Ordinary share

 

50,000

 

40,000

   

52,000

 

42,000