Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31true2024-02-15The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalse16Operation of warehousing and storage facilities for land transport activitiesfalse 15491981 2024-02-14 15491981 2024-02-15 2024-10-31 15491981 2022-11-01 2024-02-14 15491981 2024-10-31 15491981 c:Director1 2024-02-15 2024-10-31 15491981 d:FurnitureFittings 2024-02-15 2024-10-31 15491981 d:FurnitureFittings 2024-10-31 15491981 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-02-15 2024-10-31 15491981 d:CurrentFinancialInstruments 2024-10-31 15491981 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 15491981 d:ShareCapital 2024-02-15 2024-10-31 15491981 d:ShareCapital 2024-10-31 15491981 d:RetainedEarningsAccumulatedLosses 2024-02-15 2024-10-31 15491981 d:RetainedEarningsAccumulatedLosses 2024-10-31 15491981 c:OrdinaryShareClass1 2024-02-15 2024-10-31 15491981 c:OrdinaryShareClass1 2024-10-31 15491981 c:FRS102 2024-02-15 2024-10-31 15491981 c:AuditExempt-NoAccountantsReport 2024-02-15 2024-10-31 15491981 c:FullAccounts 2024-02-15 2024-10-31 15491981 c:PrivateLimitedCompanyLtd 2024-02-15 2024-10-31 15491981 d:WithinOneYear 2024-10-31 15491981 d:BetweenOneFiveYears 2024-10-31 15491981 d:MoreThanFiveYears 2024-10-31 15491981 e:PoundSterling 2024-02-15 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15491981










SPALDING COLDSTORE 2 LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2024

 
SPALDING COLDSTORE 2 LTD
REGISTERED NUMBER: 15491981

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
11,702

Current assets
  

Debtors: amounts falling due within one year
 5 
469,234

Cash at bank and in hand
 6 
47,964

  
517,198

Creditors: amounts falling due within one year
 7 
(394,738)

Net current assets
  
 
 
122,460

  

Net assets
  
134,162


Capital and reserves
  

Called up share capital 
 8 
1

Profit and loss account
  
134,161

  
134,162


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J S Davidson
Director

Date: 5 August 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 1

 
SPALDING COLDSTORE 2 LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 OCTOBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period
-
134,161
134,161


Contributions by and distributions to owners

Shares issued during the period
1
-
1


At 31 October 2024
1
134,161
134,162

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SPALDING COLDSTORE 2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

1.


General information

Spalding Coldstore 2 Ltd is a private company, limited by shares, incorporated in England and Wales. The company registration number is 15491981. The registered office address is Chiltern House, Shrewsbury Avenue, Peterborough, PE2 7LB.
The Company was incorporated and started trading on 15 February 2024. 
These financial statements cover the period from 15 February 2024 to 31 October 2024.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentational currency is GBP, rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
SPALDING COLDSTORE 2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
4%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
SPALDING COLDSTORE 2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due within the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Page 5

 
SPALDING COLDSTORE 2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the period was 16.


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
11,900



At 31 October 2024

11,900



Depreciation


Charge for the period
198



At 31 October 2024

198



Net book value



At 31 October 2024
11,702

Page 6

 
SPALDING COLDSTORE 2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

5.


Debtors

2024
£


Trade debtors
411,755

Amounts owed by group undertakings
1

Prepayments and accrued income
57,478

469,234



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
47,964



7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
47,812

Amounts owed to group undertakings
30,230

Other taxation and social security
64,112

Other creditors
198,725

Accruals and deferred income
53,859

394,738



8.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


During the period, 1 ordinary share of £1 each was issued and fully paid.

Page 7

 
SPALDING COLDSTORE 2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

9.


Commitments under operating leases

At 31 October 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
£


Not later than 1 year
71,169

Later than 1 year and not later than 5 years
284,676

Later than 5 years
41,932

397,777


10.


Controlling party

The Company's parent company is J S Davidson Holdings Limited. The registered office of the parent company is Shrewsbury Avenue, Peterborough, PE2 7LB and is incorporated in England and Wales.
 
The ultimate controlling party is John Davidson.

 
Page 8