Consort Confectionery Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03308546

Consort Confectionery Limited

Filleted Financial Statements

31 December 2024

Consort Confectionery Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Investments	5		2,540,000	2,540,000

Current assets

Debtors	6	9,491	9,786
Cash at bank and in hand		794	919
		--------	--------
		10,285	10,705

Creditors: amounts falling due within one year	7	22,352		22,282
		--------		--------
Net current liabilities			12,067	11,577
			-------------	-------------
Total assets less current liabilities			2,527,933	2,528,423

Provisions

Taxation including deferred tax	472,912	359,413
	-------------	-------------
Net assets	2,055,021	2,169,010
	-------------	-------------

Capital and reserves

Called up share capital	100	100
Fair value reserve	1,097,252	1,097,252
Profit and loss account	957,669	1,071,658
	-------------	-------------
Shareholders funds	2,055,021	2,169,010
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Consort Confectionery Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

P Blazdell Director

Company registration number: 03308546

Consort Confectionery Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1, Consort Way, Burgess Hill, West Sussex, RH15 9TJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(c) Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

(d) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

(e) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	15% straight line

(f) Investments

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

(g) Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

(h) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

(i) Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Tangible assets

	At 1 January 2024	Disposals	At 31 December 2024
	£	£	£
Cost
Fixtures and fittings	23,343	( 23,343)	–
	--------	--------	----
	23,343	( 23,343)	–
	--------	--------	----

	At 1 January 2024	Disposals	At 31 December 2024
	£	£	£
Depreciation
Fixtures and fittings	23,343	( 23,343)	–
	--------	--------	----
	23,343	( 23,343)	–
	--------	--------	----

	At 31 December 2024	At 31 December 2023
	£	£
Carrying amount
Fixtures and fittings	–	–
	----	----
	–	–
	----	----

5. Investments

	Other investments other than loans
	£
Cost
At 1 January 2024 and 31 December 2024	2,540,000
	-------------
Impairment
At 1 January 2024 and 31 December 2024	–
	-------------

Carrying amount
At 31 December 2024	2,540,000
	-------------
At 31 December 2023	2,540,000
	-------------

The freehold land and buildings owned by Consort Confectionery Limited was reclassified as investment property under FRS102. Investment property is included at fair value, gains are recognised in the income statement and deferred tax is provided on these gains at the rate expected to apply when the property is sold. The investment property was revalued in the 2022 financial statements, based on professional valuation reports.

6. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	9,491	9,786
	-------	-------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Corporation tax	15,952	15,882
Social security and other taxes	3,900	3,900
Other creditors	2,500	2,500
	--------	--------
	22,352	22,282
	--------	--------

8. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2024	2023
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	2,540,000	2,540,000
	-------------	-------------

The loan to Consort Frozen Foods Limited is classed as a short-term loan and is repayable within one year. The balance outstanding at the year end was £9,491.40 (2023 - £9,785.96). The freehold land and buildings owned by Consort Confectionery Limited was reclassified as investment property under FRS102. Investment property is included at fair value, gains are recognised in the income statement and deferred tax is provided on these gains at the rate expected to apply when the property is sold. The property was revalued in the 2022 financial statements, based on new professional valuation reports.

9. Company information

Consort Confectionery Limited is a company domiciled in England and Wales, registration number 03308546 . The company's principle place of business is the same as its registered office, Unit 1 Consort Way, Burgess Hill, West Sussex, RH15 9TJ. The principle activity of the company during the year continued to be that of storage and distribution of seasonal hampers.

10. Ultimate parent company

The ultimate parent company is Consort Frozen Foods Limited, a company registered in England and Wales. Consort Frozen Foods Limited prepared group financial statements and copies can be obtained from Unit 1, Consort Way, Burgess Hill, West Sussex.

11. Charges on assets

There are 5 outstanding charges dated 1/4/05, 17/4/09, 17/4/09, 23/1/13 and 25/2/19, all in favour of Barclays Bank plc. These charges have arisen with regards to Consort Confectionery's parent company overdraft facility and they are held over the assets of the company.

12. Summary audit opinion

The auditor's report dated 25 September 2025 was unqualified .

The senior statutory auditor was Christopher Whitley-Jones , for and on behalf of PRB Accountants LLP .

13. Financial statements

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.