REGISTERED NUMBER: 04112754 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

CURTIS STORAGE (LANCING) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

N A C Foreman

P J Rothwell

R C Foreman

O C Foreman

SECRETARY:

N A C Foreman

REGISTERED OFFICE:

Curtis House

34 Third Avenue

Hove

East Sussex

BN3 2PD

REGISTERED NUMBER:

04112754 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Tangible assets

4

164,477

205,368

Investments

5

419,764

304,437

584,241

509,805

CURRENT ASSETS

Debtors

6

728,057

718,199

Cash at bank and in hand

967,016

885,918

1,695,073

1,604,117

CREDITORS

Amounts falling due within one year

7

(243,586

)

(229,753

)

NET CURRENT ASSETS

1,451,487

1,374,364

TOTAL ASSETS LESS CURRENT LIABILITIES

2,035,728

1,884,169

PROVISIONS FOR LIABILITIES

(40,398

)

(50,607

)

NET ASSETS

1,995,330

1,833,562

CAPITAL AND RESERVES

Called up share capital

400

400

Retained earnings

1,994,930

1,833,162

1,995,330

1,833,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 11 December 2025 and were signed on its behalf by:

N A C Foreman - Director

1.	STATUTORY INFORMATION

Curtis Storage (Lancing) 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.

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

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.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

Turnover

Turnover represents storage charges receivable, net of value added tax.

Tangible fixed assets

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

Containers

-

10% on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments

Fixed asset investments includes shares held in an investment portfolio. Assets are initially held at cost, subsequent measurement is at fair value.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Impairment policy

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Containers

machinery

fittings

Totals

£

£

£

£

COST

At 1 May 2024

928,151

77,714

2,364

1,008,229

Additions

-

-

529

529

At 30 April 2025

928,151

77,714

2,893

1,008,758

DEPRECIATION

At 1 May 2024

752,929

48,762

1,170

802,861

Charge for year

34,476

6,710

234

41,420

At 30 April 2025

787,405

55,472

1,404

844,281

NET BOOK VALUE

At 30 April 2025

140,746

22,242

1,489

164,477

At 30 April 2024

175,222

28,952

1,194

205,368

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2024

304,437

Additions

155,317

Disposals

(39,990

)

At 30 April 2025

419,764

NET BOOK VALUE

At 30 April 2025

419,764

At 30 April 2024

304,437

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,463

6,034

Amounts owed by associates

685,260

685,260

Other debtors

-

216

Prepayments

32,334

26,689

728,057

718,199

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

36,248

41,993

Corporation tax

94,891

84,278

PAYE/NIC

2,022

-

VAT

43,425

36,774

Other creditors

275

248

Directors' current accounts

143

143

Deferred income

63,293

66,317

Accrued expenses

3,289

-

243,586

229,753

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

108,000

108,000

Between one and five years

257,542

310,542

In more than five years

119,167

174,167

484,709

592,709

9.	RELATED PARTY DISCLOSURES

During the year the company paid management fees to Foreman Investments Limited, a company for which N A C Foreman is also a shareholder, in respect of services provided by that company undertaken at market value of £23,994 (2024: £112,628).

At the year end the company was owed £684,621 (2024: £684,621) by Foreman Investments Limited. A loan facility of £700,000 was granted by the company to Foreman Investments Limited in the prior year.