General Information
CAVENDISH TRADING LTD is a private company, limited by shares, registered in England & Northern Ireland, registration number 12525804, registration address 10 Cameron Road, Ilford, IG3 8LA.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
|
| 2. |
Average number of employees Average number of employees during the period was 3 (2024 : 3). |
| 3. |
Tangible fixed assets
| Cost or valuation |
Investment properties |
|
Total |
| |
£ |
|
£ |
| At 01 January 2025 |
1,497,174 |
|
1,497,174 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 December 2025 |
1,497,174 |
|
1,497,174 |
| Depreciation |
| At 01 January 2025 |
- |
|
- |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 31 December 2025 |
- |
|
- |
| Net book values |
| Closing balance as at 31 December 2025 |
1,497,174 |
|
1,497,174 |
| Opening balance as at 01 January 2025 |
1,497,174 |
|
1,497,174 |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
513,086 |
|
498,359 |
|
513,086 |
|
498,359 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
81,401 |
|
51,471 |
| Accrued Expenses |
- |
|
1,920 |
| Other Creditors |
15,000 |
|
15,000 |
|
96,401 |
|
68,391 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts (secured) |
1,530,284 |
|
1,530,284 |
| Bank Loans & Overdrafts |
140,000 |
|
140,000 |
| Directors' Loan Accounts |
122,139 |
|
158,433 |
|
1,792,423 |
|
1,828,717 |
|
| 7. |
Share Capital
Authorised
50 Class A shares of £1.00 each
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
50
Class A shares of £1.00 each |
50 |
|
50 |
|
50 |
|
50 |
|
| 8. |
Revaluation Reserves
|
2025
£ |
|
2024
£ |
| Revaluation Reserve b/fwd |
100,416 |
|
100,416 |
| Deferred Tax Provided on Revaluation |
23,554 |
|
23,554 |
|
123,970 |
|
123,970 |
|
2
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