REGISTERED NUMBER: 03805704 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CUCAMARA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

R J Darby

T W Vincent

Secretary:

T W Vincent

Registered office:

10 Stadium Business Court

Millennium Way Pride Park

Derby

Derbyshire

DE24 8HP

Registered number:

03805704 (England and Wales)

Accountants:

TC Group

10 Stadium Business Court

Millennium Way

Pride Park

Derby

DE24 8HP

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

-

95,503

Investments

6

441,685

221,375

441,685

316,878

Current assets

Stocks

7

-

439,284

Debtors

8

261,097

550,217

Cash at bank

64,272

92,017

325,369

1,081,518

Creditors

Amounts falling due within one year

9

(64,136

)

(430,455

)

Net current assets

261,233

651,063

Total assets less current liabilities

702,918

967,941

Creditors

Amounts falling due after more than one year

10

-

(68,833

)

Provisions for liabilities

12

-

(47,321

)

Net assets

702,918

851,787

Capital and reserves

Called up share capital

13

100

100

Retained earnings

702,818

851,687

Shareholders' funds

702,918

851,787

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 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 17 November 2025 and were signed on its behalf by:

R J Darby - Director

1.	STATUTORY INFORMATION

Cucamara 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 financial statements are prepared in pounds 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

33% on cost

Fixtures and fittings

-

25% on cost

Equipment

-

33% on cost

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.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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.

Investments

Listed investments are measured at fair value with changes in fair value being recognised in the income statement.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 85 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

14,300

Amortisation

At 1 April 2024

and 31 March 2025

14,300

Net book value

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

and

improvements

fittings

Equipment

Totals

£

£

£

£

Cost

At 1 April 2024

14,520

342,395

15,590

372,505

Additions

-

4,856

-

4,856

Disposals

(14,520

)

(347,251

)

(15,590

)

(377,361

)

At 31 March 2025

-

-

-

-

Depreciation

At 1 April 2024

14,502

249,042

13,458

277,002

Charge for year

19

17,466

628

18,113

Eliminated on disposal

(14,521

)

(266,508

)

(14,086

)

(295,115

)

At 31 March 2025

-

-

-

-

Net book value

At 31 March 2025

-

-

-

-

At 31 March 2024

18

93,353

2,132

95,503

6.	FIXED ASSET INVESTMENTS

Other

investments

£

Cost or valuation

At 1 April 2024

221,375

Additions

452,045

Disposals

(126,637

)

Revaluations

(105,098

)

At 31 March 2025

441,685

Net book value

At 31 March 2025

441,685

At 31 March 2024

221,375

Fixed asset investments are listed shares held in an investment portfolio and the value quoted above is the listed value at the balance sheet date.

The historical cost of these investments is £452,506 (2024: £127,656).

7.

STOCKS

2025

2024

£

£

Raw materials and consumables

-

19,141

Stock

-

420,143

-

439,284

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

17,600

386,040

Directors' loan accounts

243,497

164,177

261,097

550,217

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,024

83,595

Corporation tax

56,933

72,089

Social security and other taxes

-

20,349

VAT

1,956

56,645

Other creditors

3,223

138,777

Bank loans

-

59,000

64,136

430,455

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

68,833

11.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

846

37,841

Between one and five years

-

846

846

38,687

12.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

-

47,321

Deferred tax

£

Balance at 1 April 2024

47,321

Balance at 31 March 2025

47,321

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

26

A1 Ordinary

£1

26

94

2

A2 Ordinary

£1

2

6

26

A3 Ordinary

£1

26

21

A4 Ordinary

£1

21

21

A5 Ordinary

£1

21

2

A6 Ordinary

£1

2

2

A7 Ordinary

£1

2

100

100

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2025:

2025

2024

£

£

R J Darby and T W Vincent

Balance owed to company at start of year

164,177

152,583

Amounts advanced

287,903

363,145

Amounts repaid

(208,583

)

(351,551

)

Amounts written off

-

-

Amounts waived

-

-

Balance owed to company at end of year

243,497

164,177

It is the company policy to charge interest on all overdrawn loan accounts at the HMRC official rate of interest (2.25%).

The amount charged during the year in respect of the above loans was £5,776 (2024: £2,680) and has been included in other debtors.

15.	RELATED PARTY DISCLOSURES

The company was under the control of the directors throughout the current and previous years, who are also majority shareholders.

Included within other debtors is £9,855 (2024: £363,470) which relates to transactions with related companies.