| CBCT Trading Limited |
| Notes to the Accounts |
| for the year ended 30 November 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25% reducing balance |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
At 1 December 2023 |
95,174 |
|
Surplus on revaluation |
- |
|
Disposals |
- |
|
At 30 November 2024 |
95,174 |
|
|
|
|
|
|
|
|
|
|
At 1 December 2023 |
95,174 |
|
Surplus on revaluation |
- |
|
On disposals |
- |
|
At 30 November 2024 |
95,174 |
|
|
|
|
|
|
|
|
|
|
At 30 November 2024 |
- |
|
At 30 November 2023 |
- |
|
|
CBCT Trading Limited, as stipulated by the Charities Commission, manages and rents out buildings owned by the parent charity, Caterham Barracks Community Trust ("the Trust"). The buildings are rented to tenants partly on commercial terms, to provide an income stream, and partly on non-commercial terms (or with limitations), both of which enable the charity to carry out its charitable objects. The buildings and improvement costs are included in the parent charity accounts. |
|
| 3 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
38,433 |
|
35,226 |
|
Amounts owed by group undertakings |
|
34,742 |
|
27,931 |
|
Other debtors |
252 |
|
1,930 |
|
|
|
|
|
|
73,427 |
|
65,087 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
1,810 |
|
4,860 |
|
Accruals |
|
|
|
|
4,904 |
|
1,980 |
|
Taxation and social security costs |
26,413 |
|
24,119 |
|
Deferred income |
40,121 |
|
41,638 |
|
|
|
|
|
|
73,248 |
|
72,597 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Related party transactions |
|
During the year £168,000 (2023 - £168,000) rent charge was made by the Trust for CBCT Trading's use of the buildings that Trust owns. The amount charged by Trust is included within investment income in the accounts of the Trust. |
|
|
During the year, CBCT Trading Limited made donations of £82,000 (2023: £44,000) to the Trust. |
|
|
|
£16,536 (2023 - £21,334) was charged by Rojen Consulting Limited, a company owned by Robin Clements, the director for part of the finacial year to 18 July 2024. |
|
|
Included within other creditors is £4,000 (2022: £4,000) owed to Richard Moran, the director. |
|
| 6 |
Controlling party |
|
The ultimate controlling party is Caterham Barracks Community Trust, a registered UK charity (charity number 1089853)and incorporated in England and Wales (company number 03885646). |
| 7 |
Other information |
|
CBCT Trading Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
The Officers' Mess |
|
Coldstream Road |
|
Caterham |
|
CR3 5QX |
|
| 8 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
2 |
|
(including directors) |