CAJ Group Limited - Accounts to registrar (filleted) - small 18.2
CAJ Group Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
CAJ GROUP LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019 |
CAJ GROUP LIMITED (REGISTERED NUMBER: 06783707) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
CAJ GROUP LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2019 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Sterling House |
Fulbourne Road |
Walthamstow |
London |
E17 4EE |
CAJ GROUP LIMITED (REGISTERED NUMBER: 06783707) |
BALANCE SHEET |
31 MARCH 2019 |
31.3.19 | 31.3.18 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Fair value reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
CAJ GROUP LIMITED (REGISTERED NUMBER: 06783707) |
BALANCE SHEET - continued |
31 MARCH 2019 |
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
The financial statements were approved by the Board of Directors on by: |
CAJ GROUP LIMITED (REGISTERED NUMBER: 06783707) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
1. | STATUTORY INFORMATION |
CAJ Group Limited is a |
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 the provisions of Section 1A "Small Entities" |
of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of |
Ireland" and the Companies Act 2006. The financial statements have been prepared on a going concern basis |
under the historical cost convention, modified to include certain items at fair value. |
The significant accounting policies applied in the preparation of these financial statements are set out below. |
These policies have been consistently applied to all years presented unless otherwise stated. The company |
adopted FRS 102 1A in the current year and an explanation of how transition of FRS 102 1A has affected the |
reported financial position and performance is given in the notes. |
Significant judgements and estimates |
Estimates and judgements are continually evaluated and are based on historical experience and other factors, |
including expectations of future events that are believed to be reasonable under the circumstances. |
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, |
by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk |
of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are |
discussed below: |
Corporation tax |
Significant judgement is required in determining the provision for corporation tax. There are transactions and |
calculations for which the ultimate tax determination is uncertain during the ordinary course of business. The |
Company recognises liabilities for anticipated tax issues based on estimates of whether additional taxes will be |
due. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such |
differences will impact the corporation tax and deferred tax provisions in the period in which such determination |
is made. |
Dividend and interest receivable |
Dividend income from investments is recognised when the shareholders' rights to receive payment have been |
established and the amount of revenue can be measured reliably.. |
Interest income is recognised when it is probable that the economic benefits will flow to the company and the |
amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the |
principal outstanding at the effective interest rate applicable. |
Investments in subsidiaries |
An associate is an entity over which the company has significant influence and that is neither a subsidiary nor an |
interest in a joint venture. Significant influence is the power to participate in the financial and operating policy |
decisions of the investee but is not control or joint control over those policies. Investments in associates are |
initially accounted for at the transaction price. At each reporting date investments in associates are measured at |
fair value, with changes in fair value recognised in other comprehensive income. |
Taxation |
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the |
current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax |
rates and laws that have been enacted or substantively enacted by the balance sheet date. |
CAJ GROUP LIMITED (REGISTERED NUMBER: 06783707) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
2. | ACCOUNTING POLICIES - continued |
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. |
Debtors and creditors receivable / payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at |
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other |
administrative expenses. |
Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs and |
are measured subsequently at amortised cost using the effective interest method. |
Interest in other participating interests |
An associate is an entity over which the company has significant influence and that is neither a subsidiary nor an |
interest in a joint venture. Significant influence is the power to participate in the financial and operating policy |
decisions of the investee but is not control or joint control over those policies. Investments in associates are |
initially accounted for at the transaction price. At each reporting date investments in associates are measured at |
fair value, with changes in fair value recognised in other comprehensive income. |
Impairment |
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance |
sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is |
estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an |
impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the |
impairment loss is a revaluation decrease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
CAJ GROUP LIMITED (REGISTERED NUMBER: 06783707) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
4. | FIXED ASSET INVESTMENTS |
Interest |
Shares in | in other |
group | participating | Other | Alternative |
undertakings | interests | investments | Investments | Totals |
£ | £ | £ | £ | £ |
COST OR VALUATION |
At 1 April 2018 | 9,040,540 | 9,865,540 |
Additions | 10,162 | 161,925 |
Revaluations | - | ( |
) | (200,000 | ) |
At 31 March 2019 | 9,050,702 | 9,827,465 |
NET BOOK VALUE |
At 31 March 2019 | 9,050,702 | 9,827,465 |
At 31 March 2018 | 9,040,540 | 9,865,540 |
Cost or valuation at 31 March 2019 is represented by: |
Interest |
Shares in | in other |
group | participating | Other | Alternative |
undertakings | interests | investments | Investments | Totals |
£ | £ | £ | £ | £ |
Valuation in 2016 | - | 4,032,591 | 200,000 | 150,000 | 4,382,591 |
Valuation in 2017 | - | 911,380 | - | - | 911,380 |
Valuation in 2018 | - | 2,590,000 | - | - | 2,590,000 |
Valuation in 2019 | - | - | (200,000 | ) | - | (200,000 | ) |
Cost | 1,763 | 1,516,731 | 575,000 | 50,000 | 2,143,494 |
1,763 | 9,050,702 | 575,000 | 200,000 | 9,827,465 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Bank loans and overdrafts (see note 7) |
Other creditors |
CAJ GROUP LIMITED (REGISTERED NUMBER: 06783707) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
7. | LOANS |
An analysis of the maturity of loans is given below: |
31.3.19 | 31.3.18 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
8. | ULTIMATE CONTROLLING PARTY |
The director and shareholder Mr C A Joannou, controls the company as a result of holding all the |
non-participating Ordinary "A" shares and which are the only ones with full voting rights. |