REGISTERED NUMBER: 07366731 (England and Wales)

Cater Cunningham Limited

Unaudited Financial Statements

for the year ended

31 May 2026

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

7

FIXED ASSETS

Tangible assets

4

1,466,944

970,314

Investments

5

995,010

995,010

2,461,954

1,965,324

CURRENT ASSETS

Debtors

6

29,523

52,515

Cash at bank

14,734

6,149

44,257

58,664

CREDITORS

Amounts falling due within one year

7

(421,419

)

(388,844

)

NET CURRENT LIABILITIES

(377,162

)

(330,180

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,084,792

1,635,144

CREDITORS

Amounts falling due after more than one year

8

-

(16,202

)

PROVISIONS FOR LIABILITIES

(129,268

)

(33,817

)

NET ASSETS

1,955,524

1,585,125

CAPITAL AND RESERVES

Called up share capital

30,000

35,625

Revaluation reserve

9

577,419

111,933

Capital redemption reserve

30,000

24,375

Retained earnings

1,318,105

1,413,192

SHAREHOLDERS' FUNDS

1,955,524

1,585,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 30 July 2026 and were signed by:

M P Cater - Director

1.	STATUTORY INFORMATION

Cater Cunningham Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07366731

Registered office:

Cater Cunningham House

St Helens Way

Thetford

Norfolk

IP24 1HG

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on reducing balance and 10% reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost, less any impairments which are felt necessary by the directors.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST OR VALUATION

At 1 June 2025

986,253

23,711

18,261

Additions

9,457

-

81,763

Disposals

-

(23,711

)

(15,666

)

Revaluations

403,747

-

-

At 31 May 2026

1,399,457

-

84,358

DEPRECIATION

At 1 June 2025

50,374

3,161

14,813

Charge for year

11,365

4,743

2,058

Eliminated on disposal

-

(7,904

)

-

Revaluation adjustments

(61,739

)

-

-

At 31 May 2026

-

-

16,871

NET BOOK VALUE

At 31 May 2026

1,399,457

-

67,487

At 31 May 2025

935,879

20,550

3,448

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1 June 2025

9,367

93,182

1,130,774

Additions

-

1,086

92,306

Disposals

(9,367

)

(94,268

)

(143,012

)

Revaluations

-

-

403,747

At 31 May 2026

-

-

1,483,815

DEPRECIATION

At 1 June 2025

9,367

82,745

160,460

Charge for year

-

7,879

26,045

Eliminated on disposal

(9,367

)

(90,624

)

(107,895

)

Revaluation adjustments

-

-

(61,739

)

At 31 May 2026

-

-

16,871

NET BOOK VALUE

At 31 May 2026

-

-

1,466,944

At 31 May 2025

-

10,437

970,314

Included in cost or valuation of land and buildings is freehold land of £ 488,041 (2025 - £ 417,974 ) which is not depreciated.

Cost or valuation at 31 May 2026 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Valuation in 2018

56,933

-

56,933

Valuation in 2024

55,000

-

55,000

Valuation in 2026

403,747

-

403,747

Cost

883,777

84,358

968,135

1,399,457

84,358

1,483,815

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2026

2025

£

£

Cost

883,777

874,320

Aggregate depreciation

61,739

32,750

Value of land in freehold land and buildings

373,200

373,200

Freehold land and buildings were valued on an open market basis on 31 May 2026 by the directors .

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 June 2025

and 31 May 2026

995,000

10

995,010

NET BOOK VALUE

At 31 May 2026

995,000

10

995,010

At 31 May 2025

995,000

10

995,010

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

29,523

52,515

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

1,614

346

Hire purchase contracts

-

4,742

Trade creditors

10,007

7,246

Amounts owed to group undertakings

363,897

248,881

Taxation and social security

34,881

37,218

Other creditors

11,020

90,411

421,419

388,844

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

-

16,202

9.

RESERVES

Revaluation

reserve

£

At 1 June 2025

111,933

Revaluation

465,486

At 31 May 2026

577,419

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2026 and 31 May 2025:

2026

2025

£

£

M P Cater

Balance outstanding at start of year

-

-

Amounts advanced

10,940

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,940

-

The loans to directors are charged interest at the official rate. The loans are unsecured and are repayable on demand.

11.	RELATED PARTY DISCLOSURES

At the year end the director is owed £Nil (2025 - £83,564) relating to an interest free loan with no set repayment terms.

At the year end, an amount of £363,897 (2025 - £248,881) was owed by the company to its wholly owned subsidiary, Creative Displays (U.K.) Ltd. The balance is unsecured, interest-free, and repayable on demand.

12.	POST BALANCE SHEET EVENTS

After the reporting date, the group entered into arrangements to undertake a statutory demerger expected to complete on 31 July 2026. The transaction did not affect the Company's financial position at 31 May 2026 and has therefore not been reflected in these financial statements.

The directors consider the demerger to be a non-adjusting event after the reporting period. The financial effect of the transaction on future reporting periods will depend on the post-demerger structure and operations.