Cedar Technologies (Holdings) Limited Filleted accounts for Companies House (small and micro)

CEDAR TECHNOLOGIES (HOLDINGS) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04081248

Cedar Technologies (Holdings) Limited

Filleted Unaudited Financial Statements

30 April 2020

Cedar Technologies (Holdings) Limited

Statement of Financial Position

30 April 2020

	2020		2019
Note	£	£	£

Fixed assets

Investments	4		990	990

Current assets

Debtors	5	62,298	70,611
Cash at bank and in hand		291,338	238,049
		---------	---------
		353,636	308,660

Creditors: amounts falling due within one year	6	39,728		87,707
		---------		---------
Net current assets			313,908	220,953
			---------	---------
Total assets less current liabilities			314,898	221,943
			---------	---------

Capital and reserves

Called up share capital	100	100
Capital redemption reserve	1,150	1,150
Profit and loss account	313,648	220,693
	---------	---------
Shareholders funds	314,898	221,943
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 April 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 18 June 2020 , and are signed on behalf of the board by:

Mr B E Marcher
Director

Company registration number: 04081248

Cedar Technologies (Holdings) Limited

Notes to the Financial Statements

Year ended 30 April 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 5 Rectory House, Thame Road, Haddenham, Bucks, HP17 8DA, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4. Investments

	Shares in group undertakings
	£
Cost
At 1 May 2019 and 30 April 2020	990
	----
Impairment
At 1 May 2019 and 30 April 2020	–
	----

Carrying amount
At 30 April 2020	990
	----
At 30 April 2019	990
	----

The company owns 100% of the issued share capital of the company listed below,

Company Name Share Capital

Cedar Technologies (1997) Limited £ 990

The companies investment represent the cost of acquisition of the whole of the ordinary share capital of the company.

As at 30 April 2020 the share capital and reserves of Cedar Technologies (1997) Limited amounted to £3,893 (2019 £ 1,681).

Under the provision of section 248 of the Companies Act 1985 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.

5. Debtors

	2020	2019
	£	£
Trade debtors	4,605	432
Amounts owed by group undertakings and undertakings in which the company has a participating interest	13,437	4,883
Other debtors	44,256	65,296
	--------	--------
	62,298	70,611
	--------	--------

6. Creditors: amounts falling due within one year

	2020	2019
	£	£
Corporation tax	8,576	31,093
Social security and other taxes	6,557	5,624
Other creditors	24,595	50,990
	--------	--------
	39,728	87,707
	--------	--------

7. Related party transactions

Cedar Technologies (1997) Limited performed sales activities on behalf of this company. The total amount payable to this company amounted to £1,103,722 (2019 £1,062,202). As at 30 April 2020 the balance due to Cedar Technologies (1997) Ltd amounted to (£13,437). On the 9 May 2016, the company repurchased a total of 405 shares from Mr I Black (Director) and Mrs A Black for a total consideration of £150,000 in cash. On the 23 August 2016 Mr I Black resigned as a director of the company. No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.