Cleopatra Trading Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02028124 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Cleopatra Trading Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr F Kolahi-Zonoozi

Mr K Mojtahedi

Mr M Niknejad Kazempour

SECRETARY:

Dr F Kolahi-Zonoozi

REGISTERED OFFICE:

Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

REGISTERED NUMBER:

02028124 (England and Wales)

ACCOUNTANTS:

Sterling Partners Limited

Chartered Accountants

Chartered Tax Advisors

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

FIXED ASSETS

Tangible assets

4

80,041

41,323

Investment property

5

11,251

11,251

91,292

52,574

CURRENT ASSETS

Stocks

685,053

715,424

Debtors

6

53,458

71,131

Investments

7

34,232

34,232

Cash at bank and in hand

201,606

10,731

974,349

831,518

CREDITORS

Amounts falling due within one year

8

210,173

222,338

NET CURRENT ASSETS

764,176

609,180

TOTAL ASSETS LESS CURRENT LIABILITIES

855,468

661,754

CREDITORS

Amounts falling due after more than one year

9

(50,000

)

-

PROVISIONS FOR LIABILITIES

(14,697

)

(7,229

)

NET ASSETS

790,771

654,525

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

10

790,671

654,425

SHAREHOLDERS' FUNDS

790,771

654,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 8 August 2021 and were signed on its behalf by:

Dr F Kolahi-Zonoozi - Director

1.	STATUTORY INFORMATION

Cleopatra Trading 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.

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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.

Current asset investments

Current asset investments are held at the lower of cost and net realisable value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2020 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2020

19,237

333,933

-

353,170

Additions

-

6,825

49,890

56,715

Disposals

-

(1,050

)

-

(1,050

)

At 31 March 2021

19,237

339,708

49,890

408,835

DEPRECIATION

At 1 April 2020

15,930

295,917

-

311,847

Charge for year

827

6,644

9,978

17,449

Eliminated on disposal

-

(502

)

-

(502

)

At 31 March 2021

16,757

302,059

9,978

328,794

NET BOOK VALUE

At 31 March 2021

2,480

37,649

39,912

80,041

At 31 March 2020

3,307

38,016

-

41,323

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

£

COST

At 1 April 2020

and 31 March 2021

17,737

DEPRECIATION

At 1 April 2020

and 31 March 2021

13,177

NET BOOK VALUE

At 31 March 2021

4,560

At 31 March 2020

4,560

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2020

and 31 March 2021

11,251

NET BOOK VALUE

At 31 March 2021

11,251

At 31 March 2020

11,251

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

26,726

44,444

Prepayments

26,732

26,687

53,458

71,131

7.	CURRENT ASSET INVESTMENTS

It is the directors' opinion that the difference between the market value of the shares held and net book value is not material.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

-

85,007

Trade creditors

112,232

108,644

Taxation

41,379

15,952

Social security and other taxes

4,391

3,728

VAT

2,281

534

Directors' current accounts

49,890

8,473

210,173

222,338

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans more than 5 years repayable by instalments

50,000

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years repayable by instalments

50,000

-

10.

RESERVES

Retained

earnings

£

At 1 April 2020

654,425

Profit for the year

208,246

Dividends

(72,000

)

At 31 March 2021

790,671

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2021 and 31 March 2020:

2021

2020

£

£

Dr F Kolahi-Zonoozi

Balance outstanding at start of year

8,473

-

Amounts advanced

-

8,473

Amounts repaid

(8,473

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

8,473

12.	ULTIMATE CONTROLLING PARTY