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
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
55 Causeway Road Limited
Statement of financial position
as at 31 May 2025
Investment property
1,420,000
1,420,000
Inventories
299,701
162,512
Cash at bank and in hand
15,879
17,457
Creditors: amounts falling due within one year
(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
(904,652)
(942,000)
Net assets
553,901
582,681
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
55 Causeway Road Limited
Notes to the Accounts
for the year ended 31 May 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Investment property is included at market fair value. Gains are recognised in the income statement.
The accounts are presented in £ sterling.
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
Fair value at 1 June 2024
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
55 Causeway Road Limited
Notes to the Accounts
for the year ended 31 May 2025
Amounts falling due within one year
Accrued income and prepayments
909
909
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
24,791
-
Trade creditors
144,902
21,729
Other creditors
118,077
51,200
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
612,000
612,000
Other creditors
292,652
330,000
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).