REGISTERED NUMBER: 08392804 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

CTL MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D F I Fuller

REGISTERED OFFICE:

The Chestnuts

Brewers End

Takeley

Essex

CM22 6QJ

REGISTERED NUMBER:

08392804 (England and Wales)

ACCOUNTANTS:

Allium Wood Limited

Chartered Certified Accountants

The Chestnuts

Brewers End

Takeley

Essex

CM22 6QJ

FIXED ASSETS

Tangible assets

4

27,304

321,236

CURRENT ASSETS

Debtors

5

22,740

51,996

Cash at bank

445,006

127,146

467,746

179,142

CREDITORS

Amounts falling due within one year

6

(52,020

)

(4,662

)

NET CURRENT ASSETS

415,726

174,480

TOTAL ASSETS LESS CURRENT LIABILITIES

443,030

495,716

PROVISIONS FOR LIABILITIES

(5,653

)

(5,756

)

NET ASSETS

437,377

489,960

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

437,277

489,860

SHAREHOLDERS' FUNDS

437,377

489,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 2 September 2025 and were signed by:

D F I Fuller - Director

1.	STATUTORY INFORMATION

CTL Management 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.

The presentation currency is £ sterling.

Turnover

Turnover represents net invoiced sales of goods and services, including commissions receivable excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

Taxation

Taxation for the year 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 is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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 year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2024

290,696

57,002

347,698

Additions

-

1,688

1,688

Disposals

(290,696

)

(644

)

(291,340

)

At 28 February 2025

-

58,046

58,046

DEPRECIATION

At 1 March 2024

4,748

21,714

26,462

Charge for year

-

9,278

9,278

Eliminated on disposal

(4,748

)

(250

)

(4,998

)

At 28 February 2025

-

30,742

30,742

NET BOOK VALUE

At 28 February 2025

-

27,304

27,304

At 29 February 2024

285,948

35,288

321,236

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

22,411

17,937

Other debtors

329

34,059

22,740

51,996

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,023

2,813

Taxation and social security

49,189

1,324

Other creditors

808

525

52,020

4,662

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

12,000

-

Between one and five years

18,000

-

30,000

-

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

D F I Fuller

Balance outstanding at start of year

33,914

-

Amounts advanced

-

33,914

Amounts repaid

(33,914

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

33,914

The director's loan is repayable on demand and attracts interest of 2.5% per annum. The director's loan was repaid on 1 August 2024.

9.	RELATED PARTY DISCLOSURES