Company No: 04515019 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	David Lorenzo Joseph Fitoussi (Appointed 05 November 2024)
	Andrew Robertson
	Sarah Louise Shipton

SECRETARY

Sarah Louise Shipton

REGISTERED OFFICE	Trafalgar House
	11 Waterloo Place
	London
	SW1Y 4AU
	United Kingdom

COMPANY NUMBER

04515019 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	45 Gresham Street
	London
	EC2V 7BG

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	409,639		265,305
Investments	4	8,480		8,480
		418,119		273,785
Current assets
Debtors	5	2,510,021		1,103,676
Cash at bank and in hand	6	223,294		10,803
		2,733,315		1,114,479
Creditors: amounts falling due within one year	7	( 2,099,301)		( 597,761)
Net current assets		634,014		516,718
Total assets less current liabilities		1,052,133		790,503
Creditors: amounts falling due after more than one year	8	( 84,421)		( 105,255)
Provision for liabilities	9	( 60,732)		( 22,005)
Net assets		906,980		663,243
Capital and reserves
Called-up share capital	10	100		100
Profit and loss account		906,880		663,143
Total shareholders' funds		906,980		663,243

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Christofferson, Robb and Company Limited (registered number: 04515019) were approved and authorised for issue by the Board of Directors on 18 September 2025. They were signed on its behalf by:

Andrew Robertson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Christofferson, Robb and Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Trafalgar House, 11 Waterloo Place, London, SW1Y 4AU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Christofferson, Robb and Company Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	12.5 % reducing balance
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	15		13

3. Tangible assets

	Vehicles		Office equipment		Total
	£		£		£
Cost
At 01 January 2024	294,070		11,864		305,934
Additions	180,860		0		180,860
At 31 December 2024	474,930		11,864		486,794
Accumulated depreciation
At 01 January 2024	38,004		2,625		40,629
Charge for the financial year	32,572		3,954		36,526
	0		0		0
At 31 December 2024	70,576		6,579		77,155
Net book value
At 31 December 2024	404,354		5,285		409,639
At 31 December 2023	256,066		9,239		265,305

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	8,480		8,480
At 31 December 2024	8,480		8,480
Carrying value at 31 December 2024	8,480		8,480
Carrying value at 31 December 2023	8,480		8,480

5. Debtors

	2024		2023
	£		£
Amounts owed by Group undertakings	90,162		94,444
Prepayments and accrued income	96,703		91,513
Other debtors	2,323,156		917,719
	2,510,021		1,103,676

Within other debtors are loans totaling £854,000 to an ex-employee. £205,000 was issued without terms and attracts no interest. The remaining £649,000 attracted interest at a rate of 4% until 1 December 2020 when the agreement was cancelled. As at 31 December 2024 the total interest due was £50,640 (2023: £50,640) and the total amount owed to the company was £904,640 (2023: £904,640).

Within other debtors is a loan of £1,600,000 to A. Nayar. This loan attracts interest at 2.25% per annum and is repayable by 1 July 2034. As at 31 December 2024 the total interest due was £17,710 (2023: £Nil) and the total amount owed to the company was £1,417,710 (2023: £ Nil) as a repayment was made during the year of £200,000.

6. Cash and cash equivalents

	2024		2023
	£		£
Cash at bank and in hand	223,294		10,803

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	67,090		66,447
Amounts owed to Group undertakings	1,600,000		267,183
Accruals	31,807		25,337
Corporation tax	96,032		99,382
Other taxation and social security	52,637		69,030
Obligations under finance leases and hire purchase contracts	20,834		19,199
Other creditors	230,901		51,183
	2,099,301		597,761

The Company took out a loan for £134,950 in 2023 which was repayable over 3 years, and the interest rate attached to the loan is 8.20%. At the Balance Sheet date the amount of the loan due within one year was £20,834 (2023: £19,199).

8. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Obligations under finance leases and hire purchase contracts	84,421		105,255

The Company took out a loan for £134,950 in 2023 which was repayable over 3 years, and the interest rate attached to the loan is 8.20%. At the Balance Sheet date the amount of the loan due within one year was £20,834 (2023: £19,199).

9. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 22,005)		( 23,923)
(Charged)/credited to the Profit and Loss Account	( 38,727)		1,918
At the end of financial year	( 60,732)		( 22,005)

The deferred taxation balance is made up as follows:

	2024		2023
	£		£
Accelerated capital allowances	( 60,732)		( 22,005)

10. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares shares of £ 1.00 each	100		100

11. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	2024		2023
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	3,289		3,432

12. Related party transactions

At 31 December 2024, within creditors falling due within one year the company owed £Nil (2023: £267,183) to Christofferson Robb & Company (UK) LLP, and £1,600,000 to CRC LSF, a companies related by common control. The amounts were issued without terms and are interest free, accordingly they are recognised as due in less than one year.

During the year the company received costs of £94,444 (2023: paid cost of £37,599) on behalf of their subsidiary company. At the Balance Sheet date the company was owed £Nil (2023: £94,444) shown in amounts owed by group undertakings. These costs are repayable on demand and do not attract any interest.

13. Ultimate controlling party

In the opinion of the directors there is no controlling party.