Connaught Factsline Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 02845178

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		5,750		8,625
Investments	6		27,570		27,570

			33,320		36,195
CURRENT ASSETS
Stocks	7	192,192		323,009
Debtors	8	1,532,340		1,381,044
Cash at bank and in hand		632,322		406,602

		2,356,854		2,110,655
Creditors: Amounts Falling Due Within One Year	9	(873,583 )		(754,709 )

NET CURRENT ASSETS (LIABILITIES)			1,483,271		1,355,946

TOTAL ASSETS LESS CURRENT LIABILITIES			1,516,591		1,392,141

PROVISIONS FOR LIABILITIES
Provisions For Charges			(24,000 )		(24,000 )
Deferred Taxation			(258 )		(258 )

NET ASSETS			1,492,333		1,367,883

CAPITAL AND RESERVES
Called up share capital	10		100		100
Capital redemption reserve			8		8
Profit and Loss Account			1,492,225		1,367,775

SHAREHOLDERS' FUNDS			1,492,333		1,367,883

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Connaught Factsline Limited

Balance Sheet (continued)

As At 31 March 2025

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Mickel Bak

Director

11/12/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Connaught Factsline Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02845178 . The registered office is Maple House, 11 Briar Road, Twickenham, Middlesex, TW2 6RB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on cost
Fixtures & Fittings	25% on cost
Computer Equipment	25% on cost

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Connaught Factsline Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 9)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	57,500

As at 31 March 2025	57,500

Amortisation
As at 1 April 2024	48,875
Provided during the period	2,875

As at 31 March 2025	51,750

Net Book Value
As at 31 March 2025	5,750

As at 1 April 2024	8,625

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	32,200	5,420	13,013	50,633

As at 31 March 2025	32,200	5,420	13,013	50,633

Depreciation
As at 1 April 2024	32,200	5,420	13,013	50,633

As at 31 March 2025	32,200	5,420	13,013	50,633

Net Book Value
As at 31 March 2025	-	-	-	-

As at 1 April 2024	-	-	-	-

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Connaught Factsline Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 April 2024	27,570

As at 31 March 2025	27,570

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	27,570

As at 1 April 2024	27,570

7. Stocks

	2025	2024
	£	£
Finished goods	192,192	323,009

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	406,637	371,446
Prepayments and accrued income	18,133	19,512
Other debtors	12,500	12,500
Res Fortes SARL	359,854	367,928
Amounts owed by subsidiaries	209,503	179,340

	1,006,627	950,726
Due after more than one year
BFW Limited	31,718	73,461
Life Line Imports Inc	493,995	356,857

	525,713	430,318

	1,532,340	1,381,044

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	374,915	442,565
Corporation tax	42,876	35,564
Other taxes and social security	8,404	7,308
VAT	70,546	42,819
Louisville Property Management Ltd	317,097	197,097
Other creditors (2)	4,777	-

...CONTINUED

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Connaught Factsline Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Other creditors (4)	1,455	-
Accruals and deferred income	53,513	26,463
Director's loan account	-	2,893

	873,583	754,709

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Related Party Transactions

Included in turnover is an amount of £371,554 (2024: £349,055) fees receivable from Virtual Mail Room Ltd, a subsidiary of this company. As at the year end included in trade debtors was a balance of £29,193 (2024: £66,472) by the above subsidiary.

Also included in other debtors is an amount of £65,836 (2024: £179,340) due from the above company.

Also included in other debtors are amounts of £39,854 (2024: £321,202) due from Res Fortes SARL in which M Bak's son has significant control and £493,995 (2024: £356,857) due from Life Line Imports Inc. a company which M Bak has a significant control.

Also included in other creditors is an amount of £317,097 (2024: £197,097) due to Louisville Property Management Limited, a company which M Bak has a significant control.

Included in other debtors is an amount of £31,718 (2024: £120,187) due from Bak Family Wines Limited, a company which the director has a significant control.

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