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Company Registration No. 10496128 (England and Wales)
Cullen & Co UK Limited Unaudited accounts for the year ended 31 December 2025
Cullen & Co UK Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Cullen & Co UK Limited Company Information for the year ended 31 December 2025
Directors
Lauren Cullen Anthony Cullen
Company Number
10496128 (England and Wales)
Registered Office
197 KINGSTON ROAD EPSOM KT19 0AB ENGLAND
Accountants
Hybrid Premium LTD 2-4 Stoneleigh Park Road Stoneleigh Epsom Surrey KT19 0QT
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Cullen & Co UK Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
658,840
676,835
Current assets
Debtors
5
48,239
83,721
Cash at bank and in hand
31,297
104,434
79,536
188,155
Creditors: amounts falling due within one year
6
(121,634)
(115,355)
Net current (liabilities)/assets
(42,098)
72,800
Total assets less current liabilities
616,742
749,635
Creditors: amounts falling due after more than one year
7
-
(185,571)
Provisions for liabilities
Deferred tax
(23,762)
(28,261)
Net assets
592,980
535,803
Capital and reserves
Called up share capital
101
101
Profit and loss account
592,879
535,702
Shareholders' funds
592,980
535,803
For the year ending 31 December 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 10 August 2026 and were signed on its behalf by
Lauren Cullen Director Company Registration No. 10496128
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Cullen & Co UK Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Cullen & Co UK Limited is a private company, limited by shares, registered in England and Wales, registration number 10496128. The registered office is 197 KINGSTON ROAD, EPSOM, KT19 0AB, 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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5 years straight line on depreciating assets only
Plant & machinery
5 years straight line
Motor vehicles
4 years straight line
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight Line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Cullen & Co UK Limited Notes to the Accounts for the year ended 31 December 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2025
606,347
14,330
55,380
9,544
13,138
698,739
Additions
-
2,680
-
-
1,282
3,962
At 31 December 2025
606,347
17,010
55,380
9,544
14,420
702,701
Depreciation
At 1 January 2025
3,756
2,429
8,076
3,695
3,948
21,904
Charge for the year
987
3,063
11,826
1,964
4,117
21,957
At 31 December 2025
4,743
5,492
19,902
5,659
8,065
43,861
Net book value
At 31 December 2025
601,604
11,518
35,478
3,885
6,355
658,840
At 31 December 2024
602,591
11,901
47,304
5,849
9,190
676,835
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
29,400
32,203
Accrued income and prepayments
15,502
15,817
Other debtors
3,337
35,701
48,239
83,721
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
7,986
10,648
VAT
25,188
30,333
Trade creditors
2,954
5,841
Taxes and social security
83,011
65,533
Accruals
2,495
3,000
121,634
115,355
The Bounce Back Loan is repayable within one year, amounting to £7,986.44 (2024: £10,648). The loan was originally advanced in October 2020 in the sum of £50,000 and is repayable over a six-year term, with final repayment due in October 2026. The loan was interest-free for the first year and thereafter bears interest at a fixed rate of 2.5% per annum.
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
185,571
The mortgage secured on the company's office building, which had an outstanding balance of £177,584.40 at 31 December 2024, was repaid in full on 12 June 2025. No amount was outstanding at 31 December 2025.
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Cullen & Co UK Limited Notes to the Accounts for the year ended 31 December 2025
8
Post balance sheet events
Prior year adjustment During the year, the company identified a historic provision for doubtful debts of £15,000 which had originally been recognised directly against retained earnings. The underlying trade debtor was subsequently settled in full on 3 July 2026 by way of a £1,200 credit note and receipt of £13,800. The provision is no longer required and has been reversed against brought-forward retained earnings, consistent with the original accounting treatment. The adjustment has no impact on the profit for the current financial year.
9
Average number of employees
During the year the average number of employees was 3 (2024: 4).
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