0 0 Classic & Sportscar (Holdings) Limited 03428662 false 2024-05-01 2025-04-30 2025-04-30 The principal activity of the company is Holding company Digita Accounts Production Advanced 6.30.9574.0 true false 03428662 2024-05-01 2025-04-30 03428662 2025-04-30 03428662 core:CurrentFinancialInstruments 2025-04-30 03428662 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 03428662 core:Non-currentFinancialInstruments 2025-04-30 03428662 core:Non-currentFinancialInstruments core:AfterOneYear 2025-04-30 03428662 bus:SmallEntities 2024-05-01 2025-04-30 03428662 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 03428662 bus:FilletedAccounts 2024-05-01 2025-04-30 03428662 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 03428662 bus:RegisteredOffice 2024-05-01 2025-04-30 03428662 bus:Director1 2024-05-01 2025-04-30 03428662 bus:Director3 2024-05-01 2025-04-30 03428662 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 03428662 bus:Agent1 2024-05-01 2025-04-30 03428662 countries:EnglandWales 2024-05-01 2025-04-30 03428662 2024-04-30 03428662 core:CostValuation 2024-04-30 03428662 2023-05-01 2024-04-30 03428662 2024-04-30 03428662 core:CurrentFinancialInstruments 2024-04-30 03428662 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 03428662 core:Non-currentFinancialInstruments 2024-04-30 03428662 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 xbrli:pure iso4217:GBP

Registration number: 03428662

Classic & Sportscar (Holdings) Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Classic & Sportscar (Holdings) Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Classic & Sportscar (Holdings) Limited

Company Information

Directors | N J Szkiler JN Szkiler

Registered office | Corner Farm West Knapton Malton West Yorkshire YO17 8JB

Accountants | Addicus Plus Limited Chartered Certified Accountants4 The Axium Centre Dorchester Road Lytchett Minster Poole Dorset BH16 6FE

Classic & Sportscar (Holdings) Limited

(Registration number: 03428662)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 860,354 | 810,202
Investments | 5 | 300 | 300
Debtors | 6 | 339,513 | 425,306
|  | 1,200,167 | 1,235,808
Current assets |  |  |
Debtors | 6 | 627 | 627
Cash at bank and in hand |  | 50,194 | 155
|  | 50,821 | 782
Creditors: Amounts falling due within one year | 7 | (259,268) | (238,379)
Net current liabilities |  | (208,447) | (237,597)
Total assets less current liabilities |  | 991,720 | 998,211
Creditors: Amounts falling due after more than one year | 7 | (215,366) | (237,342)
Provisions for liabilities |  | (43,415) | (43,415)
Net assets |  | 732,939 | 717,454
Capital and reserves |  |  |
Called up share capital |  | 125 | 125
Share premium reserve |  | 518,553 | 518,553
Retained earnings |  | 214,261 | 198,776
Shareholders' funds |  | 732,939 | 717,454

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Classic & Sportscar (Holdings) Limited

(Registration number: 03428662)
Balance Sheet as at 30 April 2025

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 February 2026 and signed on its behalf by:

JN Szkiler Director |  |

Classic & Sportscar (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Corner Farm
West Knapton
Malton
West Yorkshire
YO17 8JB

These financial statements were authorised for issue by the Board on 12 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Classic & Sportscar (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in subsidiary undertakings are stated at cost less any provision for impairment.
Income from investments is recognised in profit or loss when the right to receive the income is established.

Classic & Sportscar (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3 | Staff numbers

The average number of persons employed by the company during the year was 0 (2024 - 0).

4 | Investment properties

| 2025 £
At 1 May | 810,202
Additions | 50,152
At 30 April | 860,354

If investment property had not been revalued it would have been included at the historical cost of £686,696 (2024 - £636,544).
Investment property was valued on a fair value basis on 30 April 2025 by the directors.

Classic & Sportscar (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 300 | 300

Subsidiaries | £
Cost or valuation
At 1 May 2024 | 300
Provision
Carrying amount
At 30 April 2025 | 300
At 30 April 2024 | 300

6 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 627 | 627
| 627 | 627

Non-current | 2025 £ | 2024 £
Other debtors | 339,513 | 425,306
| 339,513 | 425,306

Classic & Sportscar (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 56,105 | 91,637
Taxation and social security |  | 10,450 | 6,141
Accruals |  | 191,630 | 139,518
Other creditors |  | 1,083 | 1,083
|  | 259,268 | 238,379

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 215,366 | 237,342

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 215,366 | 237,342

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 21,105 | 16,637
Other borrowings | 35,000 | 75,000
| 56,105 | 91,637