REGISTERED NUMBER: 04213143 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

COURTSIDE CONVERSIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E Roberts

G M Roberts

E J Roberts

G J Roberts

SECRETARY:

EE Butt

REGISTERED OFFICE:

Ground Floor

Keble House

Southernhay Gardens

Exeter

Devon

EX1 1NT

REGISTERED NUMBER:

04213143 (England and Wales)

ACCOUNTANTS:

Gravita Western Limited

Keble House

Southernhay Gardens

Exeter

Devon

EX1 1NT

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

29,851

27,337

29,851

27,337

CURRENT ASSETS

Stocks

183,870

366,834

Debtors

7

555,637

384,061

Cash at bank

59,819

68,301

799,326

819,196

CREDITORS

Amounts falling due within one year

8

(482,508

)

(459,009

)

NET CURRENT ASSETS

316,818

360,187

TOTAL ASSETS LESS CURRENT LIABILITIES

346,669

387,524

CREDITORS

Amounts falling due after more than one year

9

(179,718

)

(292,507

)

PROVISIONS FOR LIABILITIES

(3,524

)

(5,288

)

NET ASSETS

163,427

89,729

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

163,317

89,619

163,427

89,729

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 11 May 2026 and were signed on its behalf by:

E Roberts - Director

1.	COMPANY INFORMATION

Courtside Conversions 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 (£).

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

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. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services falling within the company's ordinary activities.

Goodwill

Goodwill being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of 20 years.

Goodwill is the difference between the fair value of consideration paid for an acquired entity and the aggregate of the fair value of the entity's identifiable assets and liabilities.

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recover

Tangible fixed assets

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

Freehold land and buildings

-

25% straight line

Plant and machinery

-

15% -33% on reducing balance

Fixtures and fittings

-

15% -33% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Cash and cash equivalents

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits 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.

Employee benefit trusts

The company has created a trust whose beneficiaries will include employees of the company and their dependents. Assets held under this trust will be controlled by trustees who will be acting independently and entirely at their own discretion.

Where assets are held in the trust and these are considered by the company to be in respect of services already provided by employees to the company, the company will account for these as assets of the trust when payment is made to the trust. The value transferred will be charged in the company's profit and loss account for the year to which it relates.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 10 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

83,746

AMORTISATION

At 1 June 2024

and 31 May 2025

83,746

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

6.	TANGIBLE FIXED ASSETS

Freehold

Fixtures

land and

Plant and

and

Motor

buildings

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 June 2024

4,307

56,958

79,296

20,424

160,985

Additions

-

-

3,038

6,075

9,113

At 31 May 2025

4,307

56,958

82,334

26,499

170,098

DEPRECIATION

At 1 June 2024

4,307

46,178

65,921

17,242

133,648

Charge for year

-

1,900

2,385

2,314

6,599

At 31 May 2025

4,307

48,078

68,306

19,556

140,247

NET BOOK VALUE

At 31 May 2025

-

8,880

14,028

6,943

29,851

At 31 May 2024

-

10,780

13,375

3,182

27,337

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,881

4,635

Other debtors

107,725

81,370

Directors' current accounts

444,411

291,319

Prepayments

1,620

6,737

555,637

384,061

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

170,817

167,079

Tax

68,611

27,107

Social security and other taxes

16,693

17,163

Pension

288

524

VAT

105,685

119,195

Other creditors

112,789

120,681

Accrued expenses

7,625

7,260

482,508

459,009

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

179,718

292,507

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

SWIG Loan

84,343

-

The bank loan included within short term and long term creditors, is secured by fixed and floating charges over the assets of the company.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

2025

2024

£

£

E Roberts

Balance outstanding at start of year

291,319

292,474

Amounts advanced

203,092

47,845

Amounts repaid

(50,000

)

(49,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

444,411

291,319

During the period the company charged interest on the overdrawn loan account amounting to £9,002 (2024 - £8,198).