REGISTERED NUMBER: 02285617 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

The London Casket Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs M Y Gillman

SECRETARY:

R E Gillman

REGISTERED OFFICE:

Unit 1 Lyndon Yard

Riverside Rd

London

SW17 0BA

REGISTERED NUMBER:

02285617 (England and Wales)

FIXED ASSETS

Tangible assets

4

67,907

82,412

CURRENT ASSETS

Stocks

5

125,740

172,327

Debtors

6

301,435

210,723

Cash at bank

131,849

417,201

559,024

800,251

CREDITORS

Amounts falling due within one year

7

204,504

307,164

NET CURRENT ASSETS

354,520

493,087

TOTAL ASSETS LESS CURRENT LIABILITIES

422,427

575,499

PROVISIONS FOR LIABILITIES

9

11,091

14,510

NET ASSETS

411,336

560,989

CAPITAL AND RESERVES

Called up share capital

10

4,500

4,500

Share premium

11

248,000

248,000

Retained earnings

11

158,836

308,489

SHAREHOLDERS' FUNDS

411,336

560,989

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 3 November 2025 and were signed by:

Mrs M Y Gillman - Director

1.	STATUTORY INFORMATION

The London Casket Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 preparation of financial statements in compliance with FRS 102 requires the use of certain

critical accounting estimates. It also requires management to exercise judgment in applying the

Company's accounting policies

Critical accounting judgements and key sources of estimation uncertainty

In preparing these financial statements, the directors are required to make judgements, estimates and

assumptions about the carrying amount of the assets and liabilities that are not obtainable from other

sources. Judgements, estimates and assumptions are based on historical experience and other factors

that are considered to be relevant. Actual results may differ from these estimates, but are unlikely to be

material.

Revenue

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, excluding discounts, rebates, value added tax and other sales

taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

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

- the Company retains neither continuing managerial involvement to the degree usually

associated with ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- 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.

Tangible fixed assets

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such

indication exists, the recoverable amount of the asset is determined which is the higher of its fair

value less costs to sell and its value in use. An impairment loss is recognised where the carrying

amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their

estimated useful lives, using the depreciation method stated below.

Depreciation is provided on the following basis:

Tenants improvements to property - 2% straight line

Plant and machinery - 25% written down value

Motor vehicles - 25% written down value

Fixtures and fittings - 25% written down value

Computer equipment - 33.33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted

prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less

costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in

progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying

amount is reduced to its selling price less costs to complete and sell. The impairment loss is

recognised immediately in profit or loss.

Financial instruments

The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS

102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes

party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements,

when there is a legally enforceable right to set off the recognised amounts and there is an intention to

settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are

initially measured at their transaction price including transaction costs and are subsequently carried

at their amortised cost using the effective interest method, less any provision for impairment, unless

the arrangement constitutes a financing transaction, where the transaction is measured at the

present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash

equivalents, trade and most other receivables due with the operating cycle fall into this category of

financial instruments

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the

estimated future cash flows derived from the financial asset(s) have been adversely impacted. The

impairment loss will be the difference between the current carrying amount and the present value of

the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the

impairment can be reviewed for possible reversal. The reversal will not cause the current carrying

amount to exceed the original carrying amount had the impairment not been recognised. The

impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instruments any contract that evidences a residual interest in

the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing

transaction, whereby the debt instrument is measured at the present value of the future payments

discounted at a market rate of interest. Discounting is omitted where the effect of discounting is

immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate

method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary

course of business from suppliers. Trade payables are classified as current liabilities if the payment is

due within one year. If not, they represent non-current liabilities. Trade payables are initially

recognised at their transaction price and subsequently are measured at amortised cost using the

effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are

settled, or when the Company transfers the asset and substantially all the risks and rewards of

ownership to another party. If significant risks and rewards of ownership are retained after the

transfer to another party, then the Company will continue to recognise the value of the portion of the

risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are

discharged or cancelled.

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not

reversed by the balance sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax

allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of

business combinations, when deferred tax is recognised on the differences between the fair values of

assets acquired and the future tax deductions available for them and the differences between the fair

values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined

using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currency translation

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.

Dividends

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.

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Cash at Bank

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.

Creditors

Short-term creditors are measured at the transaction price. This includes amounts owed to group

undertakings repayable on demand.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

41,069

7,335

12,268

Additions

-

-

225

At 31 March 2025

41,069

7,335

12,493

DEPRECIATION

At 1 April 2024

12,948

7,138

5,548

Charge for year

821

49

1,724

At 31 March 2025

13,769

7,187

7,272

NET BOOK VALUE

At 31 March 2025

27,300

148

5,221

At 31 March 2024

28,121

197

6,720

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

77,740

4,643

143,055

Additions

-

-

225

At 31 March 2025

77,740

4,643

143,280

DEPRECIATION

At 1 April 2024

31,080

3,929

60,643

Charge for year

11,665

471

14,730

At 31 March 2025

42,745

4,400

75,373

NET BOOK VALUE

At 31 March 2025

34,995

243

67,907

At 31 March 2024

46,660

714

82,412

5.

STOCKS

2025

2024

£

£

Stocks

125,740

172,327

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

67,702

63,676

Amounts owed by group undertakings

41,729

37,633

Other debtors

25,621

5,804

Prepayments and accrued income

158,883

86,110

293,935

193,223

2025

2024

£

£

Amounts falling due after more than one year:

Prepayments and accrued income

7,500

17,500

Aggregate amounts

301,435

210,723

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

42,184

58,005

Amounts owed to group undertakings

93,457

118,132

Tax

-

32,307

VAT

12,147

13,406

Other creditors

-

1,009

Accruals and deferred income

56,716

84,305

204,504

307,164

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

90,000

90,000

Between one and five years

252,000

342,000

342,000

432,000

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

11,091

14,510

Deferred

tax

£

Balance at 1 April 2024

14,510

Credit to Statement of Comprehensive Income during year

(3,419

)

Balance at 31 March 2025

11,091

Provisions are recognised when an event has taken place that gives rise to a legal or constructive

obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking

into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

4,500

Ordinary Shares

1

4,500

4,500

11.

RESERVES

Reserves

Share premium account

This reserve includes premiums received on the issue of share capital in October 2013.

Profit and loss account

This reserve records the retained earnings of the company as at the balance sheet date.

12.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Oliver Garratt Limited, a company incorporated in England and Wales holding 88.89% of the company's share capital at the balance sheet date.