REGISTERED NUMBER: 06900774 (England and Wales)

Unaudited Financial Statements

for the Period 1 June 2023 to 31 March 2024

for

Consolidated Assets Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms L K Higginbottom

Ms R Higginbottom

REGISTERED OFFICE:

Suite 1.16 Great House

Off Rotherham Rd

Dinnington

Sheffield

South Yorkshire

S25 3QA

REGISTERED NUMBER:

06900774 (England and Wales)

FIXED ASSETS

Intangible assets

4

67,728

-

Tangible assets

5

443,336

339,987

Investments

6

4,572,340

3,936,419

Investment property

7

448,689

448,689

5,532,093

4,725,095

CURRENT ASSETS

Debtors

8

7,770,585

4,268,226

Cash at bank

7,206,026

10,117,916

14,976,611

14,386,142

CREDITORS

Amounts falling due within one year

9

4,897,372

2,234,636

NET CURRENT ASSETS

10,079,239

12,151,506

TOTAL ASSETS LESS CURRENT LIABILITIES

15,611,332

16,876,601

CREDITORS

Amounts falling due after more than one year

10

(13,287,875

)

(14,627,897

)

PROVISIONS FOR LIABILITIES

(56,418

)

(48,058

)

NET ASSETS

2,267,039

2,200,646

CAPITAL AND RESERVES

Called up share capital

6

6

Non distributable reserve

327,695

-

Retained earnings

1,939,338

2,200,640

SHAREHOLDERS' FUNDS

2,267,039

2,200,646

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

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

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 28 July 2025 and were signed on its behalf by:

Ms R Higginbottom - Director

1.	STATUTORY INFORMATION

Consolidated Assets 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of eight years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 20% on cost and 10% 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 period 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 represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods and is recognised in respect of all timing differences; although with certain exceptions. Timing differences are differences between taxable profit and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recoverable 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on investment property (and other non-depreciable tangible fixed assets) is measured using the tax rates and allowances which will apply to the sale of the asset. Amounts of current and deferred tax are generally recognised in profit or loss, except when they relate to items which are recognised in other comprehensive income or directly in equity and in such cases the amounts are also recognised in other comprehensive or equity as the case may be.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

197,028

At 31 March 2024

197,028

AMORTISATION

Charge for period

129,300

At 31 March 2024

129,300

NET BOOK VALUE

At 31 March 2024

67,728

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2023

616,747

Additions

264,351

Disposals

(84,975

)

At 31 March 2024

796,123

DEPRECIATION

At 1 June 2023

276,760

Charge for period

83,108

Eliminated on disposal

(7,081

)

At 31 March 2024

352,787

NET BOOK VALUE

At 31 March 2024

443,336

At 31 May 2023

339,987

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 June 2023

and 31 March 2024

80,369

DEPRECIATION

At 1 June 2023

60,474

Charge for period

13,395

At 31 March 2024

73,869

NET BOOK VALUE

At 31 March 2024

6,500

At 31 May 2023

19,895

6.	FIXED ASSET INVESTMENTS

Fixed asset investments represent a pooled investment portfolio. The market value is as shown on the balance sheet.

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2023

and 31 March 2024

448,689

NET BOOK VALUE

At 31 March 2024

448,689

At 31 May 2023

448,689

The directors consider the market value of the property at 31st March 2024 as stated above.

8.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

95

567

Other debtors

112,738

70,655

112,833

71,222

Amounts falling due after more than one year:

Other debtors

7,657,752

4,197,004

Aggregate amounts

7,770,585

4,268,226

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

2,349,692

11,192

Finance leases

6,600

15,927

Trade creditors

1,416,564

1,145,032

Taxation and social security

65,460

53,864

Other creditors

1,059,056

1,008,621

4,897,372

2,234,636

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

15,776

25,430

Finance leases

-

2,037

Other creditors

13,272,099

14,600,430

13,287,875

14,627,897

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Finance leases

6,600

17,964

Bank loans

2,338,250

-

2,344,850

17,964

Arbuthnot Latham & Co Limited

Debenture and fixed charges over deposit monies and investments.

12.	RELATED PARTY DISCLOSURES

The Higginbottom family

Shareholders in Consolidated Assets Limited.

Monies were loaned on an interest free basis.

Balance owed by the company excluding directors loans at 31st March 2024: £534,210 (2023: £484,744).

Directors loans

Monies were loaned by the directors to the company on an interest free basis.

The balances owing by the company at 31st March 2024:-

Ms L K Higginbottom: £269,645, (2023: £269,645).

Ms R Higginbottom: £215,768, (2023: £208,596).

13.	ULTIMATE CONTROLLING PARTY

There is no overall controlling party.