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Registration number: 05492621

C V Ross & Co Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

C V Ross & Co Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

C V Ross & Co Limited

(Registration number: 05492621)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investments | 4 | 1 | 1
Current assets |  |  |
Debtors | 5 | 16,478 | 16,478
Cash at bank and in hand |  | 1,955 | 11,052
|  | 18,433 | 27,530
Creditors: Amounts falling due within one year | 6 | (2,077) | (2,078)
Net current assets |  | 16,356 | 25,452
Net assets |  | 16,357 | 25,453
Capital and reserves |  |  |
Called up share capital | 7 | 216 | 316
Share premium reserve |  | 4,900 | 9,800
Retained earnings |  | 11,241 | 15,337
Shareholders' funds |  | 16,357 | 25,453

For the financial 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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 August 2026 and signed on its behalf by:

......................................... Mr A D Beard Director

C V Ross & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Depreciation

Asset class | Depreciation method and rate
Furniture and fittings | 25% reducing balance
Office equipment | 25% reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

C V Ross & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Asset class | Amortisation method and rate
Goodwill | 20% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

C V Ross & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

2 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 4).

3 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 June 2024 | 26,390 | 26,390
At 31 May 2025 | 26,390 | 26,390
Amortisation
At 1 June 2024 | 26,390 | 26,390
At 31 May 2025 | 26,390 | 26,390
Carrying amount
At 31 May 2025 | - | -

4 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 1 | 1

Subsidiaries | £
Cost or valuation
At 1 June 2024 | 1
Provision
Carrying amount
At 31 May 2025 | 1
At 31 May 2024 | 1

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

C V Ross & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
CV Ross & Co Trustees Limited | Unit 1, Office 1 Tower Lane Business Park Tower Lane Warmley Bristol BS30 8XT England | Ordinary | 100% | 100%

Subsidiary undertakings
CV Ross & Co Trustees Limited The principal activity of CV Ross & Co Trustees Limited is a dormant company.

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 12,478 | 12,478
Other debtors | 4,000 | 4,000
| 16,478 | 16,478

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 2,077 | 2,078

C V Ross & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 200 | 200 | 300 | 300
Ordinary B shares of £1 each | 16 | 16 | 16 | 16
| 216 | 216 | 316 | 316