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REGISTERED NUMBER: 02862209 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

C. J. Petrow International Limited
C. J. Petrow International Limited (Registered number: 02862209)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


C. J. Petrow International Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: J C Petrow





REGISTERED OFFICE: Spitalfields House
Phoenix Road
Haverhill
CB9 7AE





REGISTERED NUMBER: 02862209 (England and Wales)





AUDITORS: Xeinadin Audit Limited
8th Floor, Becket House
36 Old Jewry
London
EC2R 8DD
Page 1
C. J. Petrow International Limited (Registered number: 02862209)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,192,795 3,259,914
3,192,795 3,259,914

CURRENT ASSETS
Debtors 6 22,147,679 21,380,773
Cash at bank and in hand 9,085 20,968
22,156,764 21,401,741
CREDITORS
Amounts falling due within one year 7 109,290 114,031
NET CURRENT ASSETS 22,047,474 21,287,710
TOTAL ASSETS LESS CURRENT
LIABILITIES
25,240,269
24,547,624

CREDITORS
Amounts falling due after more than one year 8 23,292,074 23,202,751
NET ASSETS 1,948,195 1,344,873

CAPITAL AND RESERVES
Called up share capital 5,938,554 5,938,554
Retained earnings (3,990,359 ) (4,593,681 )
1,948,195 1,344,873

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 director and authorised for issue on 24 December 2025 and were signed by:





J C Petrow - Director


The notes form part of these financial statements

Page 2
C. J. Petrow International Limited (Registered number: 02862209)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

C. J. Petrow International 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Page 3 continued...
C. J. Petrow International Limited (Registered number: 02862209)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. being a period of at least 12 months from the date of approval of these financial statements.

The company made a profit after tax for the year of £603,322 (2023: £256,036), however it has negative retained earnings at the reporting date of £3,990,359. These conditions indicate the existence of a material uncertainty which may cast doubt about the company's ability to continue as a going concern.

The company is reliant on the continued financial support of its parent company and wider group. The parent company has confirmed that it will continue to provide financial support to the company to enable it to meet its obligations as they fall due for a period of at least 12 months from the date of signing the financial statements.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and have therefore prepared the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 52,902
AMORTISATION
At 1 January 2024
and 31 December 2024 52,902
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 3,369,673 103,835 3,473,508
DEPRECIATION
At 1 January 2024 109,759 103,835 213,594
Charge for year 67,119 - 67,119
At 31 December 2024 176,878 103,835 280,713
NET BOOK VALUE
At 31 December 2024 3,192,795 - 3,192,795
At 31 December 2023 3,259,914 - 3,259,914

Page 4 continued...
C. J. Petrow International Limited (Registered number: 02862209)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 751,841 753,025
Amounts owed by group undertakings 20,971,951 20,409,745
Other debtors 423,887 218,003
22,147,679 21,380,773

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 82,569 78,344
Taxation and social security - 7,002
Other creditors 26,721 28,685
109,290 114,031

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Other creditors 23,292,074 23,202,751

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 23,292,074 23,202,751

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.


We draw attention to the going concern accounting policy in note 2 of these financial statements, which refers to the funding situation of the company. Our opinion is not modified in respect of this matter.

Mark Stothard BA (Hons) FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

Page 5 continued...
C. J. Petrow International Limited (Registered number: 02862209)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

10. RELATED PARTY DISCLOSURES

31.12.24 31.12.23
£    £   
Amounts owed to related parties 23,292,074 23,202,751
Amounts owed from related parties 20,971,951 20,409,745




The balances due from related parties are unsecured, will be settled in cash, and there are no fixed terms of
repayment. Amounts repayable by Quality Kernels Limited and Petrow Food Industries Limited carry
interest of 2.2% per annum (2023 - 2.2%) charged on the outstanding balance. The amount of interest charged to related parties for the year was £727,122 (2023 - £702,489)

The balances due to related parties are unsecured, will be settled in cash, and are due for repayment by 31
December 2026. Amounts payable carry interest of 3.5% per annum charged on the outstanding balance.
The amount of interest payable to related parties for the year was £812,489 (2023 - £800,224).

C J Petrow International Limited has guaranteed to continue to support Quality Kernels Limited and Petrow
Food Industries Limited. Quality Kernels Limited and Petrow Food Industries Limited are subsidiaries of Idolwood Limited.

11. ULTIMATE CONTROLLING PARTY

The parent company is Idolwood Limited, a company registered in the British Virgin Islands.

Page 6