Company Registration No. 01068350 (England and Wales)
CONNOR FINANCE CORPORATION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
31 March 2025
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
CONNOR FINANCE CORPORATION LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
CONNOR FINANCE CORPORATION LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
973
1,552
Investments
4
646,165
646,405
647,138
647,957
Current assets
Debtors
5
219,908
235,294
Cash at bank and in hand
267,225
416,463
487,133
651,757
Creditors: amounts falling due within one year
6
(8,660)
(10,576)
Net current assets
478,473
641,181
Total assets less current liabilities
1,125,611
1,289,138
Capital and reserves
Called up share capital
371,100
371,100
Capital redemption reserve
264,000
264,000
Profit and loss reserves
490,511
654,038
Total equity
1,125,611
1,289,138

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 9 December 2025 and are signed on its behalf by:
Mr W E Cropper
Director
Company Registration No. 01068350
CONNOR FINANCE CORPORATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Connor Finance Corporation Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bowker's Green Court, Prescot Road, Aughton, Ormskirk, L39 6TA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

The accounts have been prepared on a going concern basis. The directors are confident that the company has sufficient resources to meet its liabilities as they fall due for at least one year from the date of approval of the accounts.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% straight line or 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Changes in fair value are recognised in profit or loss for the period.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

CONNOR FINANCE CORPORATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

CONNOR FINANCE CORPORATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
136,724
Disposals
(102,575)
At 31 March 2025
34,149
Depreciation and impairment
At 1 April 2024
135,172
Depreciation charged in the year
433
Eliminated in respect of disposals
(102,429)
At 31 March 2025
33,176
Carrying amount
At 31 March 2025
973
At 31 March 2024
1,552
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
646,165
646,405
Fixed asset investments revalued

The amount of £6 4 6,03 6 relates to unlisted investments.

CONNOR FINANCE CORPORATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
(Continued)
- 5 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
218,142
232,567
Prepayments and accrued income
1,766
2,727
219,908
235,294
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
335
1,917
Taxation and social security
2,872
3,430
Other creditors
5,453
5,229
8,660
10,576
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
88,125
110,625
CONNOR FINANCE CORPORATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
8
Related party transactions
Transactions and balances with related parties

During the year the company entered into the following transactions with related parties:

At the balance sheet date, there was an amount due from The Jean and Leslie Connor Connor Charitable Foundation of £218,000 (2024 - £218,000). A provision of £109,000 (2024 - £109,000) has been made against this loan. The amount included in debtors is £109,000 (2024 - £109,000).

An amount of £85,191 (2024 - £84,009) was due from The Jean and Leslie Connor Charitable Foundation in respect of recharged expenses.

Rent amounting to £22,500 (2024 - £22,500) has been paid by the company in the year to the Connor Family Pension Fund of which L J Connor is a member. An amount of £18,631 (2024 - £35,506) was due from the Connor Family Pension Fund in respect of recharged expenses.

An amount of £4,366 was owing to the controlling party, W J Connor 1967 Settlement (2024 - £2,026).

9
Parent company

The company is controlled by the trustees of the W J Connor 1967 Settlement.

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