REGISTERED NUMBER: 11389452 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Continental Networks Ltd

DIRECTOR:

Miss Stephanie Ashley Rowbotham

REGISTERED OFFICE:

UNIT 7

THE WATERMARK

GATESHEAD

NE11 9SY

REGISTERED NUMBER:

11389452 (England and Wales)

ACCOUNTANTS:

Flannagans - Hartlepool Office

Chartered Certified Accountants

7 Bankside

The Watermark

Gateshead

Tyne and Wear

NE11 9SY

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

240,000

-

240,000

-

CURRENT ASSETS

Debtors

6

118,103

531,576

Cash at bank

528,334

1,342,758

646,437

1,874,334

CREDITORS

Amounts falling due within one year

7

107,686

814,946

NET CURRENT ASSETS

538,751

1,059,388

TOTAL ASSETS LESS CURRENT LIABILITIES

778,751

1,059,388

CREDITORS

Amounts falling due after more than one year

8

(1,770

)

(6,020

)

PROVISIONS FOR LIABILITIES

(20,000

)

(20,000

)

NET ASSETS

756,981

1,033,368

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

756,980

1,033,367

756,981

1,033,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 10 September 2025 and were signed by:

Miss Stephanie Ashley Rowbotham - Director

1.	STATUTORY INFORMATION

Continental Networks Ltd 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.

Tangible fixed assets

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

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 96 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

216

Disposals

(216

)

At 31 May 2025

-

DEPRECIATION

At 1 June 2024

216

Eliminated on disposal

(216

)

At 31 May 2025

-

NET BOOK VALUE

At 31 May 2025

-

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Other investments

240,000

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

118,103

530,875

Amounts owed by group undertakings

-

701

118,103

531,576

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,250

4,250

Trade creditors

-

1,804

Taxation and social security

64,301

708,481

Other creditors

39,135

100,411

107,686

814,946

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,770

6,020

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,770

6,020

9.	ULTIMATE CONTROLLING PARTY

The controlling party is