CT Skills (Holdings) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08311840 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2019

for

CT Skills (Holdings) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D A Harris

Mrs R Ford

Mr A Ford

Mr R W Harris

REGISTERED OFFICE:

Priory Court

1 Derby Road

Beeston

Nottinghamshire

NG9 2TA

REGISTERED NUMBER:

08311840 (England and Wales)

ACCOUNTANTS:

Cobb Burgin

Chartered Accountants

129a Middleton Boulevard

Wollaton Park

Nottingham

NG8 1FW

FIXED ASSETS

Investments

3

5,806,256

5,806,256

CURRENT ASSETS

Debtors

4

40,000

40,000

Cash in hand

2

2

40,002

40,002

CREDITORS

Amounts falling due within one year

5

242,590

195,300

NET CURRENT LIABILITIES

(202,588

)

(155,298

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,603,668

5,650,958

CREDITORS

Amounts falling due after more than one year

6

3,153,324

3,153,595

NET ASSETS

2,450,344

2,497,363

CAPITAL AND RESERVES

Called up share capital

8

98

98

Share premium

1,584,904

1,584,904

Other reserves

283,323

295,113

Retained earnings

582,019

617,248

SHAREHOLDERS' FUNDS

2,450,344

2,497,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 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 29 July 2020 and were signed on its behalf by:

Mr R W Harris - Director

1.	STATUTORY INFORMATION

CT Skills (Holdings) 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

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 income

statement. Loans and borrowings are subsequently measured at amortised cost using the effective

interest rate method, less impairment. If an arrangement constitutes a finance transaction it is

measured at present value.

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.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2018

and 31 July 2019

5,806,256

NET BOOK VALUE

At 31 July 2019

5,806,256

At 31 July 2018

5,806,256

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed by group undertakings

40,000

40,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other loans

122,910

77,120

Amounts owed to group undertakings

117,680

116,180

Accrued expenses

2,000

2,000

242,590

195,300

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other loans - 2-5 years

2,450,427

2,556,932

Accruals and deferred income

702,897

596,663

3,153,324

3,153,595

7.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Other loans

2,573,337

2,634,052

The loan is secured by a first charge over the assets of the company.

The loan notes are held by Mrs R Ford who is a director and shareholder in CT Skills (Holdings)

Limited.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

9,800

Ordinary

1p

98

98

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related

party transactions with wholly owned subsidiaries within the group.

Mrs R Ford, a director and shareholder in CT Skills (Holdings) Limited, holds loan notes in the

company. The balance due to Mrs R Ford at 31 July 2019 was £2,856,662 (2018: £2,929,167)

The loan notes carry interest at 3% pa and have a redemption date of 12 December 2022.