REGISTERED NUMBER: 02899684 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CLOSETRADE LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTORS:

G A Best

Mrs C Harris

REGISTERED OFFICE:

415 Blacknurn Road

Bolton

BL1 8NJ

REGISTERED NUMBER:

02899684 (England and Wales)

ACCOUNTANTS:

Hunter & Co.

Chartered Accountants

415 Blackburn Road

Bolton

BL1 8NJ

FIXED ASSETS

Tangible assets

4

31,228

23,111

Investments

5

134,556

134,556

Investment property

6

300,000

300,000

465,784

457,667

CURRENT ASSETS

Debtors

7

147,663

172,424

Cash at bank

52,834

5,831

200,497

178,255

CREDITORS

Amounts falling due within one year

8

(26,626

)

(8,854

)

NET CURRENT ASSETS

173,871

169,401

TOTAL ASSETS LESS CURRENT LIABILITIES

639,655

627,068

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

639,555

626,968

SHAREHOLDERS' FUNDS

639,655

627,068

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 10 December 2025 and were signed on its behalf by:

G A Best - Director

1.	STATUTORY INFORMATION

Closetrade 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 haver been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 (FRS 102) "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention..

The presentation currency of the financial statements is the Pound Sterling (£)

Going concern

After detailed consideration, the directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future (being the 12 month period from the date these accounts are approved) and therefore to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

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

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties are valued by the directors at fair value.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

30,815

Additions

13,895

At 31 March 2025

44,710

DEPRECIATION

At 1 April 2024

7,704

Charge for year

5,778

At 31 March 2025

13,482

NET BOOK VALUE

At 31 March 2025

31,228

At 31 March 2024

23,111

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

134,556

NET BOOK VALUE

At 31 March 2025

134,556

At 31 March 2024

134,556

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

300,000

NET BOOK VALUE

At 31 March 2025

300,000

At 31 March 2024

300,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

300,000

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Other debtors

10,691

34,251

Other debtors

-

11,201

10,691

45,452

Amounts falling due after more than one year:

Amounts owed by group undertakings

136,972

126,972

Aggregate amounts

147,663

172,424

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Corporation tax

3,808

37

Social security and other taxes

(323

)

(323

)

VAT

1,927

1,631

Directors' current accounts

6,266

6,501

Accrued charges

14,948

1,008

26,626

8,854