C.P. Holdings (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03631723 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2019

for

C.P. Holdings (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J H Watson

Mr C Monaghan

Mr M L Field

REGISTERED OFFICE:

Central Chambers

227 London Road

Hadleigh

Benfleet

Essex

SS7 2RF

REGISTERED NUMBER:

03631723 (England and Wales)

ACCOUNTANTS:

Field & Co LLP

Central Chambers

227 London Road

Hadleigh

Essex

SS7 2RF

FIXED ASSETS

Tangible assets

4

86,499

43,292

Investments

5

886,585

886,585

973,084

929,877

CURRENT ASSETS

Debtors

6

568,776

313,341

CREDITORS

Amounts falling due within one year

7

1,144,961

991,995

NET CURRENT LIABILITIES

(576,185

)

(678,654

)

TOTAL ASSETS LESS CURRENT LIABILITIES

396,899

251,223

CREDITORS

Amounts falling due after more than one year

8

(47,124

)

(17,015

)

PROVISIONS FOR LIABILITIES

9

(9,697

)

(641

)

NET ASSETS

340,078

233,567

CAPITAL AND RESERVES

Called up share capital

10

509

509

Retained earnings

11

339,569

233,058

SHAREHOLDERS' FUNDS

340,078

233,567

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th October 2020 and were signed on its behalf by:

Mr J H Watson - Director

1.	STATUTORY INFORMATION

C.P. Holdings (UK) 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.

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2018 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1st January 2019

68,155

Additions

57,518

At 31st December 2019

125,673

DEPRECIATION

At 1st January 2019

24,863

Charge for year

14,311

At 31st December 2019

39,174

NET BOOK VALUE

At 31st December 2019

86,499

At 31st December 2018

43,292

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

Motor

vehicles

£

COST

At 1st January 2019

68,155

Additions

57,518

At 31st December 2019

125,673

DEPRECIATION

At 1st January 2019

24,863

Charge for year

14,311

At 31st December 2019

39,174

NET BOOK VALUE

At 31st December 2019

86,499

At 31st December 2018

43,292

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2019

and 31st December 2019

886,585

NET BOOK VALUE

At 31st December 2019

886,585

At 31st December 2018

886,585

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/19

31/12/18

£

£

Other debtors

568,776

313,341

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/19

31/12/18

£

£

Bank loans and overdrafts

77,078

2,303

Hire purchase contracts

26,644

17,501

Trade creditors

3,634

3,896

Amounts owed to group undertakings

902,411

746,848

Taxation and social security

85,194

171,447

Other creditors

50,000

50,000

1,144,961

991,995

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/19

31/12/18

£

£

Hire purchase contracts

47,124

17,015

9.	PROVISIONS FOR LIABILITIES

31/12/19

31/12/18

£

£

Deferred tax

9,697

641

Deferred

tax

£

Balance at 1st January 2019

641

Charge to Statement of Income and Retained Earnings during year

9,056

Balance at 31st December 2019

9,697

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/19

31/12/18

value:

£

£

500

Ordinary Shares

1

500

500

4

Ordinary A, B, C & D Shares

1

4

4

5

Ordinary E, F, G, H & J Shares

1

5

5

509

509

11.

RESERVES

Retained

earnings

£

At 1st January 2019

233,058

Profit for the year

338,815

Dividends

(232,304

)

At 31st December 2019

339,569

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J H Watson.