C P Group of Companies Limited - Period Ending 2019-09-30
C P Group of Companies Limited - Period Ending 2019-09-30
Registration number:
C P Group of Companies Limited
for the Year Ended 30 September 2019
Chartered Accountants
12 Greenhead Road
Huddersfield
West Yorkshire
HD1 4EN
C P Group of Companies Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
C P Group of Companies Limited
Company Information
Director |
Mr A J Taylor |
Registered office |
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Accountants |
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Page 1 |
C P Group of Companies Limited
(Registration number: 05086794)
Balance Sheet as at 30 September 2019
Note |
2019 |
2018 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
5,300,000 |
5,300,000 |
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Profit and loss account |
(4,248,400) |
(4,244,189) |
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Total equity |
1,051,600 |
1,055,811 |
For the financial year ending 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his 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 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Director
Page 2 |
C P Group of Companies Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2019
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
England
The principal place of business is:
George Street
Armytage Road Industrial Estate
Brighouse
WEST YORKSHIRE
HD6 1PY
United Kingdom
These financial statements were authorised for issue by the
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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.
The presentational currency is £ sterling.
Group accounts not prepared
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.
Page 3 |
C P Group of Companies Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2019
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.
Investments |
2019 |
2018 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 October 2018 |
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Provision |
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At 1 October 2018 |
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Carrying amount |
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At 30 September 2019 |
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At 30 September 2018 |
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Page 4 |
C P Group of Companies Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2019
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:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2019 |
2018 |
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Subsidiary undertakings |
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12 Greenhead Road, Huddersfield, HD1 4EN England & Wales |
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Subsidiary undertakings |
CP Interiors Ltd The principal activity of CP Interiors Ltd is |
Debtors |
2019 |
2018 |
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Other debtors |
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Page 5 |
C P Group of Companies Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2019
Creditors |
Creditors: amounts falling due within one year
Note |
2019 |
2018 |
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Due within one year |
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Loans and borrowings |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Accruals and deferred income |
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Creditors: amounts falling due after more than one year
Note |
2019 |
2018 |
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Due after one year |
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Loans and borrowings |
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Share capital |
Allotted, called up and fully paid shares
2019 |
2018 |
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No. |
£ |
No. |
£ |
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|
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68,697 |
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68,697 |
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|
231,303 |
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231,303 |
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5,000,000 |
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5,000,000 |
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Loans and borrowings |
2019 |
2018 |
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Non-current loans and borrowings |
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Other borrowings |
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Page 6 |
C P Group of Companies Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2019
2019 |
2018 |
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Current loans and borrowings |
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Other borrowings |
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Related party transactions |
Summary of transactions with all subsidiaries
Control |
In the opinion of the directors, AJ Taylor is the ultimate controlling party of the group.
Page 7 |