REGISTERED NUMBER: 07687659 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Sussex Retro And Classic Cars Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr L Di Clemente

REGISTERED OFFICE:

107 Keymer Road

Hassocks

West Sussex

BN6 8QL

REGISTERED NUMBER:

07687659 (England and Wales)

CURRENT ASSETS

Debtors

4

63,216

63,216

Cash at bank

2,573

2,573

65,789

65,789

CREDITORS

Amounts falling due within one year

5

385,251

385,251

NET CURRENT LIABILITIES

(319,462

)

(319,462

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(319,462

)

(319,462

)

CREDITORS

Amounts falling due after more than one year

6

71,804

71,804

NET LIABILITIES

(391,266

)

(391,266

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(391,267

)

(391,267

)

SHAREHOLDERS' FUNDS

(391,266

)

(391,266

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 April 2026 and were signed by:

Mr L Di Clemente - Director

1.	STATUTORY INFORMATION

Sussex Retro And Classic Cars 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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Other debtors

63,216

63,216

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

9,360

9,360

Trade creditors

(2

)

(2

)

Taxation and social security

9,826

9,826

Other creditors

366,067

366,067

385,251

385,251

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans

10,978

10,978

Other creditors

60,826

60,826

71,804

71,804

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

36,826

36,826

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr L Di Clemente.

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year transactions took place between the director and the company. The balance owed to the director at the balance sheet date was £348,477 (2018: £323,378).

There are no terms attached to the amount owed.