Registration number:
Continuity Promotions Limited
for the Year Ended 31 March 2025
Continuity Promotions Limited
(Registration number: 02297703)
Balance Sheet as at 31 March 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Investment properties |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Fair value reserve |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.
Continuity Promotions Limited
(Registration number: 02297703)
Balance Sheet as at 31 March 2025 (continued)
.........................................
Mr P J Rossington
Director
Continuity Promotions Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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Accounting policies |
Statutory information
Continuity Promotions Limited is a private company, limited by shares, domiciled in England and Wales, company number 02297703. The registered office is at Sutton House Farm, Mattersey Road, Sutton-cum-Lound, Retford, DN22 8PW.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Revenue recognition
Turnover comprises rents and management charges receivable. Revenue is recognised on a straight line basis over the lease terms and in accordance with services delivered for the management charges.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Continuity Promotions Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)
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1 |
Accounting policies (continued) |
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Freehold buildings |
2% straight line |
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Plant and machinery |
25% reducing balance |
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Motor vehicles |
25% reducing balance |
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Fixtures and fittings |
25% reducing balance |
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Office equipment |
25% reducing balance |
Investment properties
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Financial instruments
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Continuity Promotions Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)
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Tangible assets |
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Freehold land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Office equipment |
Total |
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Cost |
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At 1 April 2024 |
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Disposals |
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- |
- |
( |
- |
( |
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At 31 March 2025 |
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- |
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Depreciation |
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At 1 April 2024 |
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Charge for the year |
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- |
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Eliminated on disposal |
- |
- |
- |
( |
- |
( |
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At 31 March 2025 |
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- |
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Carrying amount |
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At 31 March 2025 |
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- |
- |
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At 31 March 2024 |
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- |
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Continuity Promotions Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)
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Investment properties |
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£ |
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Valuation |
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At 1 April 2024 |
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Additions |
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Fair value adjustments |
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At 31 March 2025 |
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The investment properties were revalued by the directors on 31 March 2025. On a historical cost basis the investment properties would have been included at £1,039,458 (2024: £1,030,142).
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Investments |
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2025 |
2024 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
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Cost |
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At 1 April 2024 and 31 March 2025 |
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Carrying amount |
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At 31 March 2024 and 31 March 2025 |
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Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2025 |
2024 |
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Subsidiary undertakings |
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England |
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Continuity Promotions Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)
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Debtors |
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2025 |
2024 |
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Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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Prepayments |
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Creditors |
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2025 |
2024 |
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Due within one year |
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Trade creditors |
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Amounts owed to related undertakings |
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Taxation and social security |
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Other creditors |
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Accruals and deferred income |
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Related party transactions |
The company has taken advantage of the exemption available under FRS 102 and has not disclosed related party transactions which are all considered to be at arms length on normal commercial terms.
During the year the directors had an interest free loan account with the company. Included in other debtors at the balance sheet date the amount owing to the company was £97,802 (2024 : £156,647).
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Ultimate controlling party |
The ultimate controlling party is