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Registered number: 08657940
C & R TRADING HOUSE HOLDINGS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024
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C & R TRADING HOUSE HOLDINGS LIMITED
REGISTERED NUMBER: 08657940
BALANCE SHEET
AS AT 31 DECEMBER 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Page 1
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C & R TRADING HOUSE HOLDINGS LIMITED
REGISTERED NUMBER: 08657940
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
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.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 9 form part of these financial statements.
Page 2
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C & R TRADING HOUSE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
C&R Trading House Holdings Limited is a private company limited by share capital and incorporated in England and Wales. The address of the registered office is 177 Brook Drive, Milton Park, Abingdon, Oxfordshire, OX14 4SD.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are rounded to the nearest pound Sterling, the functional and presentational currency of the Company.
The following principal accounting policies have been applied:
The Directors consider the support that they provide to be sufficient to ensure the Company is a going concern. Therefore, the financial statements have been prepared on the going concern basis.
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable for services during the year, excluding discounts, rebates, value added tax and other sales taxes.
Page 3
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C & R TRADING HOUSE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
Freehold property is depreciated on a 2% straight line basis. However, as the residual value exceeds the carrying value, no depreciation has been charged during the year.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Page 4
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C & R TRADING HOUSE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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The average monthly number of employees, including directors, during the year was 3 (2023 - 3).
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Investment in subsidiary companies
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Page 5
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C & R TRADING HOUSE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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The following was a subsidiary undertaking of the Company:
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Table Place Chairs Limited
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177 Brook Drive Milton Park Abingdon Oxfordshire OX14 4SD
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Amounts owed by group undertakings
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Prepayments and accrued income
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Amounts owed by group undertakings are unsecured, non-interest bearing and repayable on demand.
Included in other debtors are amounts owed by the Directors of £354,085 (2023: £259,068). These amounts are unsecured, non-interest bearing and repayable on demand.
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Page 6
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C & R TRADING HOUSE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Creditors: amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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Included within other creditors are Directors' loan accounts owed to C Markham of £2,809,928 (2023: £2,801,483) and L Markham of £361,547 (2023: £430,871).
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The following liabilities were secured:
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Details of security provided:
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The bank loans are secured against the freehold property held in fixed assets. The charge holder is NatWest Bank PLC.
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Creditors: amounts falling due after more than one year
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The bank loans are secured against the freehold property held in fixed assets. The charge holder is NatWest Bank PLC.
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Page 7
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C & R TRADING HOUSE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 1-2 years
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The bank loans are secured against the freehold property held in fixed assets. The charge holder is NatWest Bank PLC.
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Allotted, called up and fully paid
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50 (2023 - 50) A shares of £1.00 each
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50 (2023 - 50) B shares of £1.00 each
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50 (2023 - 50) C shares of £1.00 each
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50 (2023 - 50) D shares of £1.00 each
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50 (2023 - 50) E shares of £1.00 each
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50 (2023 - 50) F shares of £1.00 each
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Related party transactions
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The Company is exempt from disclosing related party transactions with other 100% owned members of the Group headed by C&R Trading House Holdings Limited by virtue of FRS 102 section 33.1A.
At the year end the Company owed a net balance of £2,817,390 (2023: £2,973,286) to Directors of the Company. These amounts are included as £354,085 (2023: £259,068) in other debtors and £3,171,475 (2023: £3,232,354) in other creditors.
During the year ended 31 December 2024, the Company received rental income of £186,117 (2023: £268,945) from a Company controlled by a common Director. At the year-end, the Company was owed £46,038 (2023: £107,578).
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Page 8
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C & R TRADING HOUSE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The Company is under the control of the six equal individual shareholders.
The Company and the Group headed by C&R Trading House Holdings Limited qualify as small as set out in section 383 of the Companies Act 2006 and are therefore eligible for exemption to prepare consolidated accounts.
Page 9
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