Classic and Retro Warehouse Ltd 31/03/2025 iXBRL

Company registration number: 13298136

Classic and Retro Warehouse Ltd

Unaudited filleted financial statements

31 March 2025

Classic and Retro Warehouse Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Classic and Retro Warehouse Ltd

Directors and other information


	Directors	Daniel Eagling
		Claire Eagling


	Company number	13298136


	Registered office	Mill Road
		Foxley
		Dereham
		Norfolk
		NR20 4QT


	Accountants	i-Accounting Solutions Ltd
		The Enterprise Centre
		University of East Anglia
		Norwich
		Norfolk
		NR4 7TJ

Classic and Retro Warehouse Ltd

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Classic and Retro Warehouse Ltd

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Classic and Retro Warehouse Ltd for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Classic and Retro Warehouse Ltd, as a body, in accordance with the terms of our engagement letter dated 27 July 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Classic and Retro Warehouse Ltd and state those matters that we have agreed to state to the board of directors of Classic and Retro Warehouse Ltd as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Classic and Retro Warehouse Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Classic and Retro Warehouse Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Classic and Retro Warehouse Ltd. You consider that Classic and Retro Warehouse Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Classic and Retro Warehouse Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

i-Accounting Solutions Ltd

Chartered Certified Accountants

The Enterprise Centre

University of East Anglia

Norwich

Norfolk

NR4 7TJ

8 December 2025

Classic and Retro Warehouse Ltd

Statement of financial position

31 March 2025

			2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	3,434		4,040
		_______		_______
			3,434		4,040

Current assets
Debtors	6	5,199		2,660
Cash at bank and in hand		673		230
		_______		_______
		5,872		2,890
Creditors: amounts falling due
within one year	7	( 1,188)		( 821)
		_______		_______
Net current assets			4,684		2,069
			_______		_______
Total assets less current liabilities			8,118		6,109


Provisions for liabilities			137		72

			_______		_______
Net assets			8,255		6,181
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			8,253		6,179
			_______		_______
Shareholders funds			8,255		6,181
			_______		_______

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.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 05 December 2025 , and are signed on behalf of the board by:

Daniel Eagling Claire Eagling

Director Director

Company registration number: 13298136

Classic and Retro Warehouse Ltd

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Hollytrees, Mill Road, Foxley, Dereham, Norfolk, NR20 4QT.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received for rental income.

Taxation

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of capital allowance timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	15 %	reducing balance
Motor vehicles	-	15 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

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. 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 are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price like bank, creditors and debtors.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: Nil).

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	177	5,000	5,177
	_______	_______	_______
Depreciation
At 1 April 2024	68	1,069	1,137
Charge for the year	16	590	606
	_______	_______	_______
At 31 March 2025	84	1,659	1,743
	_______	_______	_______
Carrying amount
At 31 March 2025	93	3,341	3,434
	_______	_______	_______
At 31 March 2024	109	3,931	4,040
	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	3,170	1,460
Other debtors	2,029	1,200
	_______	_______
	5,199	2,660
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	216	-
Corporation tax	552	413
Other creditors	420	408
	_______	_______
	1,188	821
	_______	_______

8. Related party transactions

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

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Universal Racing Services Ltd	500	-	-	-
Lifetime Racing Ltd	7,800	-	1,950	-
The Red Glow Rainlight Ltd	525	-	-	-
	_______	_______	_______	_______

The above companies are controlled by Daniel and Claire Eagling