Company Registration No. 05507368 (England and Wales)
Classic Car Sales Limited
Unaudited accounts
for the year ended 31 March 2025
Classic Car Sales Limited
Unaudited accounts
Contents
Classic Car Sales Limited
Company Information
for the year ended 31 March 2025
Company Number
05507368 (England and Wales)
Registered Office
Nuffield House
Nuffield
Henley-on-Thames
RG9 5SY
United Kingdom
Accountants
'Evolve Accounting and Tax Solutions Ltd'
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
Classic Car Sales Limited
Statement of financial position
as at 31 March 2025
Inventories
601,961
547,081
Cash at bank and in hand
1,502
41,476
Creditors: amounts falling due within one year
(720)
(1,462)
Net current assets
650,172
629,476
Total assets less current liabilities
700,172
679,476
Creditors: amounts falling due after more than one year
(954,905)
(920,792)
Net liabilities
(254,733)
(241,316)
Called up share capital
100
100
Profit and loss account
(254,833)
(241,416)
Shareholders' funds
(254,733)
(241,316)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 June 2025 and were signed on its behalf by
M O'Shea
Director
Company Registration No. 05507368
Classic Car Sales Limited
Notes to the Accounts
for the year ended 31 March 2025
Classic Car Sales Limited is a private company, limited by shares, registered in England and Wales, registration number 05507368. The registered office is Nuffield House, Nuffield, Henley-on-Thames, RG9 5SY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The directors consider it appropriate to prepare the accounts on a going concern basis. With the continued support of the fellow group companies, the company is able to pay its debts as they fall due.
Investments are measured at cost less accumulated impairment.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Investments
Other investments
Valuation at 1 April 2024
50,000
Valuation at 31 March 2025
50,000
Amounts falling due within one year
Amounts due from group undertakings etc.
23,376
23,376
Other debtors
24,053
19,005
Classic Car Sales Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
7
Creditors: amounts falling due after more than one year
2025
2024
Amounts owed to group undertakings and other participating interests
936,243
920,792
8
Transactions with related parties
At the Balance Sheet date an amount of £23,376 (2024: £23,376) was due from Commercial Holdings Limited. Commercial Holdings Limited owns 100% of the shares of the company.
At the Balance Sheet date an amount of £909,243 (2024: £903,793) was due to London Commercial Investments Limited, a fellow subsidiary of Commercial Holdings Limited.
At the Balance Sheet date an amount of £27,000 (2024: £17,000) was due to Dashwood Investments Limited, a fellow subsidiary of Commercial Holdings Limited.
The ultimate parent company is Commercial Holdings Limited, a company registered in England and Wales. The ultimate controlling party is M O'Shea, a director and shareholder of Commercial Holdings Limited.
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).