Cuerden Consultants Limited - Period Ending 2020-03-31

Cuerden Consultants Limited

Profit and Loss Account for the Year Ended 31 March 2020

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

Cuerden Consultants Limited

(Registration number: 00493464)
Balance Sheet as at 31 March 2020

	Note	2020 £	2019 £
Fixed assets
Tangible assets	3	1	1
Investments	4	914	914
		915	915
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		815	815
Shareholders' funds		915	915

For the financial year ending 31 March 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 9 December 2020
 

.........................................

Mr Philip Milton Barker
Director

Cuerden Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
256-280 Ribbleton Lane
Preston
Lancashire
PR1 5EB
England

These financial statements were authorised for issue by the director on 9 December 2020.

2	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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Other plant and equipment	-

Cuerden Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

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.

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.

Cuerden Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

3	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2019	341	341
At 31 March 2020	341	341
Depreciation
At 1 April 2019	340	340
At 31 March 2020	340	340
Carrying amount
At 31 March 2020	1	1
At 31 March 2019	1	1

4	Investments

	2020 £	2019 £
Investments in subsidiaries	914	914

Subsidiaries	£
Cost or valuation
At 1 April 2019	914
Provision
Carrying amount
At 31 March 2020	914
At 31 March 2019	914

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:

Cuerden Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2020	2019
Subsidiary undertakings
Cuerden Motors (Bamber Bridge) Limited	256-280 Ribbleton Lane Preston Lancashire PR1 5EB England	Ordinary Shares	64%	64%

Subsidiary undertakings

Cuerden Motors (Bamber Bridge) Limited The principal activity of Cuerden Motors (Bamber Bridge) Limited is Sale of used cars and light motor vehicles.

5	Share capital

Allotted, called up and fully paid shares

	2020		2019
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100