REGISTERED NUMBER: 05541858 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

CIRRUS LAMINATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr G Monkman

Mr M A Lundy

SECRETARY:

Mrs D C Carlisle

REGISTERED OFFICE:

Hunt Street

Whitwood Mere

Castleford

West Yorkshire

WF10 1NS

REGISTERED NUMBER:

05541858 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Investment property

4

4,600,000

4,600,000

CURRENT ASSETS

Debtors

5

40,175

108,505

Cash at bank

2,283

167,995

42,458

276,500

CREDITORS

Amounts falling due within one year

6

374,418

369,564

NET CURRENT LIABILITIES

(331,960

)

(93,064

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,268,040

4,506,936

CREDITORS

Amounts falling due after more than one year

7

(544,256

)

(845,681

)

PROVISIONS FOR LIABILITIES

(442,209

)

(433,345

)

NET ASSETS

3,281,575

3,227,910

CAPITAL AND RESERVES

Called up share capital

9

66

66

Revaluation reserve

10

1,990,090

1,998,953

Capital redemption reserve

33

33

Retained earnings

1,291,386

1,228,858

SHAREHOLDERS' FUNDS

3,281,575

3,227,910

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 26th September 2025 and were signed on its behalf by:

Mr G Monkman - Director

1.	STATUTORY INFORMATION

Cirrus Laminations Limited 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 as modified by the revaluation of certain assets.

The accounts present information about the company as an individual undertaking and not about its group.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

i) the Company has transferred the significant risks and rewards of ownership to the buyer;

ii) the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

iii) the amount of turnover can be measured reliably;

iv) it is probable that the Company will receive the consideration due under the transaction and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 3 (2023 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

and 31st December 2024

4,600,000

NET BOOK VALUE

At 31st December 2024

4,600,000

At 31st December 2023

4,600,000

Fair value at 31st December 2024 is represented by:

£

Cost

4,600,000

The directors have not undertaken a formal valuation of the investment property at the year-end. However, they believe that there has not been a material movement in the value of the property since the last formal valuation in 2022.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

40,175

108,505

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

142,524

126,524

Taxation and social security

76,764

104,124

Other creditors

155,130

138,916

374,418

369,564

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

544,256

845,681

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

176,684

339,586

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

686,780

972,205

The bank loans are secured by a debenture over all the assets of the group and a legal charge over the premises at Methley Road, Castleford.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

66

Ordinary

£1

66

66

10.

RESERVES

Revaluation

reserve

£

At 1st January 2024

1,998,953

Deferred tax on revaluation

(8,863

)

At 31st December 2024

1,990,090