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Company Registration No. 04568474 (England and Wales)
Celtic Research Limited Unaudited accounts for the year ended 31 March 2025
Celtic Research Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Celtic Research Limited Company Information for the year ended 31 March 2025
Directors
Hector Birchwood Peter Birchwood
Company Number
04568474 (England and Wales)
Registered Office
9 Broad Street Montgomery Powys SY15 6PH Wales
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Celtic Research Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,171
3,002
Investment property
5
234,000
234,000
Investments
6
72,681
55,592
308,852
292,594
Current assets
Debtors
7
(515)
(477)
Cash at bank and in hand
143,620
154,921
143,105
154,444
Creditors: amounts falling due within one year
8
(108,026)
(101,841)
Net current assets
35,079
52,603
Net assets
343,931
345,197
Capital and reserves
Called up share capital
9
119
119
Profit and loss account
343,812
345,078
Shareholders' funds
343,931
345,197
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by
Hector Birchwood Director Company Registration No. 04568474
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Celtic Research Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Celtic Research Limited is a private company, limited by shares, registered in England and Wales, registration number 04568474. The registered office is 9 Broad Street, Montgomery, Powys, SY15 6PH, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% residual value
Computer equipment
33% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments
Investments in shares are included at fair value.
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Celtic Research Limited Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
21,136
8,625
29,761
At 31 March 2025
21,136
8,625
29,761
Depreciation
At 1 April 2024
18,829
7,930
26,759
Charge for the year
461
370
831
At 31 March 2025
19,290
8,300
27,590
Net book value
At 31 March 2025
1,846
325
2,171
At 31 March 2024
2,307
695
3,002
5
Investment property
2025
£
Fair value at 1 April 2024
234,000
At 31 March 2025
234,000
6
Investments
Other investments
£
Valuation at 1 April 2024
55,592
Additions
17,089
Valuation at 31 March 2025
72,681
7
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
38
Amounts falling due after more than one year
Accrued income and prepayments
(515)
(515)
8
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
763
-
Trade creditors
84,681
73,726
Taxes and social security
21,453
27,411
Other creditors
922
669
Loans from directors
207
35
108,026
101,841
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Celtic Research Limited Notes to the Accounts for the year ended 31 March 2025
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
119 Ordinary shares of £1 each
119
119
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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