Courtesy World Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04094905

Courtesy World Limited

Filleted Unaudited Financial Statements

31 December 2024

Courtesy World Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

Courtesy World Limited

Officers and Professional Advisers

The board of directors	Mrs N Jafferali
	Mr P J Patel

Registered office	c/o Rose, Chartered Accountants
	92a Bury Old Road
	Whitefield
	Manchester
	M45 6TQ

Accountants	Rose, Chartered Accountants

	92a Bury Old Road
	Whitefield
	Manchester
	M45 6TQ

Company number 04094905

Courtesy World Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		1,427,084	1,418,258

Current assets

Stocks		3,750	3,750
Debtors	6	30,650	33,718
Cash at bank and in hand		66,717	38,782
		---------	--------
		101,117	76,250

Creditors: amounts falling due within one year	7	454,040		160,001
		---------		---------
Net current liabilities			352,923	83,751
			------------	------------
Total assets less current liabilities			1,074,161	1,334,507

Creditors: amounts falling due after more than one year	8	132,287	425,501
		------------	------------
Net assets		941,874	909,006
		------------	------------

Capital and reserves

Called up share capital	1,000	1,000
Revaluation reserve	884,008	884,008
Profit and loss account	56,866	23,998
	---------	---------
Shareholders funds	941,874	909,006
	---------	---------

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.

For the 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Courtesy World Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Mrs N Jafferali

Director

Company registration number: 04094905

Courtesy World 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 c/o Rose, Chartered Accountants, 92a Bury Old Road, Whitefield, Manchester, M45 6TQ.

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

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.

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.

Revenue recognition

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

Income tax

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

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.

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:

Freehold Property	-	2% straight line
Fixtures & Fittings	-	15% reducing balance
Computer Equipment	-	33% reducing balance

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 11 (2023: 16 ).

5. Tangible assets

	Land and buildings	Fixtures and fittings	Computer equipment	Total
	£	£	£	£
Cost or valuation
At 1 January 2024	1,771,184	93,389	15,934	1,880,507
Additions	–	13,714	–	13,714
	------------	---------	--------	------------
At 31 December 2024	1,771,184	107,103	15,934	1,894,221
	------------	---------	--------	------------
Depreciation
At 1 January 2024	371,184	75,640	15,425	462,249
Charge for the year	–	4,720	168	4,888
	------------	---------	--------	------------
At 31 December 2024	371,184	80,360	15,593	467,137
	------------	---------	--------	------------
Carrying amount
At 31 December 2024	1,400,000	26,743	341	1,427,084
	------------	---------	--------	------------
At 31 December 2023	1,400,000	17,749	509	1,418,258
	------------	---------	--------	------------

The directors have revalued the property to reflect an open market valuation.

6. Debtors

	2024	2023
	£	£
Trade debtors	7,477	9,441
Other debtors	23,173	24,277
	--------	--------
	30,650	33,718
	--------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	289,360	52,859
Trade creditors	42,966	34,786
Social security and other taxes	36,266	31,738
Other creditors	85,448	40,618
	---------	---------
	454,040	160,001
	---------	---------

The loan is secured by fixed charges over the freehold property of the company.

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

	2024	2023
	£	£
Bank loans and overdrafts	–	290,533
Other creditors	132,287	134,968
	---------	---------
	132,287	425,501
	---------	---------

Included within creditors: amounts falling due after more than one year is an amount of £Nil (2023: £66,450) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The loan is secured by fixed charges over the freehold property of the company.

9. Directors' transactions

At 31 December 2024 the company owed £132,287 (31 Decemeber 2023: £134,968) to the directors of the company. The amounts are interest free and repayable on demand.