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Company Registration No. 11345948 (England and Wales)
55 Causeway Road Limited Unaudited accounts for the year ended 31 May 2025
55 Causeway Road Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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55 Causeway Road Limited Company Information for the year ended 31 May 2025
Directors
Sophie Ann Hughes Leanne Hughes
Company Number
11345948 (England and Wales)
Registered Office
2 Fleming Road Earlstrees Ind Est Corby NN17 4SW England
Accountants
Donna Urquhart - ITStorm Ltd 10 Earlstrees Court Earlstrees Industrial Estate CORBY Northants NN17 4AX
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55 Causeway Road Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
1,420,000
1,420,000
Current assets
Inventories
299,701
162,512
Debtors
5
22,559
10,391
Cash at bank and in hand
15,879
17,457
338,139
190,360
Creditors: amounts falling due within one year
6
(299,586)
(85,679)
Net current assets
38,553
104,681
Total assets less current liabilities
1,458,553
1,524,681
Creditors: amounts falling due after more than one year
7
(904,652)
(942,000)
Net assets
553,901
582,681
Capital and reserves
Called up share capital
1
1
Revaluation reserve
720,000
720,000
Profit and loss account
(166,100)
(137,320)
Shareholders' funds
553,901
582,681
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by
Sophie Ann Hughes Director Company Registration No. 11345948
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55 Causeway Road Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
55 Causeway Road Limited is a private company, limited by shares, registered in England and Wales, registration number 11345948. The registered office is 2 Fleming Road, Earlstrees Ind Est, Corby, NN17 4SW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement.
Presentation currency
The accounts are presented in £ sterling.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2025
£
Fair value at 1 June 2024
1,420,000
At 31 May 2025
1,420,000
At the year end the investment property was revalued by the director based upon her knowledge of local market conditions and the condition of the property. In her opinion the value included within the financial statements is a fair value. Fair value at 31 May 2024 is represented by: Valuation in 2022 £300,000 Valuation in 2023 £220,000 Valuation in 2024 £220,000 Cost £700,000 Total £1,420,000
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55 Causeway Road Limited Notes to the Accounts for the year ended 31 May 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
12,168
-
Trade debtors
9,481
9,481
Accrued income and prepayments
909
909
Other debtors
1
1
22,559
10,391
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
24,791
-
VAT
-
934
Trade creditors
144,902
21,729
Other creditors
118,077
51,200
Accruals
11,816
11,816
299,586
85,679
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
612,000
612,000
Other creditors
292,652
330,000
904,652
942,000
The other creditors have undertaken not to demand repayment for at least one year from the date of signing these accounts. The creditors hold a fixed and floating charge over the company's assets Bank Loan 2024 £612,000 (2024 £612,000)
8
Transactions with related parties
During the year the company received rents of £0 (2024 £0) from a connected company. During the year the company purchased services of £566498 (2024 £203969) from a connected company. At the balance sheet date the company owed £Nil (2024 £Nil).
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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