Custom Group Hold Co Limited - Period Ending 2020-05-31

Custom Group Hold Co Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 5

Custom Group Hold Co Limited

Company Information

Directors

R J Rybij M D Johnson R W Dallison

Company secretary

M D Johnson

Registered office

Unit 8 The Ropewalk Station Road Ilkeston Derbyshire DE7 5HX

Accountants

Ashgates Corporate Services Limited 5 Prospect Place Millennium Way Pride Park Derby DE24 8HG

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Custom Group Hold Co Limited
for the Year Ended 31 May 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Custom Group Hold Co Limited for the year ended 31 May 2020 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Custom Group Hold Co Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Custom Group Hold Co Limited and state those matters that we have agreed to state to the Board of Directors of Custom Group Hold Co Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Custom Group Hold Co Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Custom Group Hold Co Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Custom Group Hold Co Limited. You consider that Custom Group Hold Co Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Custom Group Hold Co Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Ashgates Corporate Services Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG

22 December 2020

Custom Group Hold Co Limited

(Registration number: 07476952)
Balance Sheet as at 31 May 2020

	Note	2020 £	2019 £
Fixed assets
Investments		1,649,048	1,649,048
Current assets
Debtors	5	21,986	21,986
Cash at bank and in hand		85	85
		22,071	22,071
Net assets		1,671,119	1,671,119
Capital and reserves
Called up share capital	6	100,000	100,000
Share premium reserve		762,573	762,573
Profit and loss account		808,546	808,546
Total equity		1,671,119	1,671,119

For the financial year ending 31 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and 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 Board on 22 December 2020 and signed on its behalf by:
 

R J Rybij
Director

M D Johnson
Company secretary and director

Custom Group Hold Co Limited

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

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of the registered office is given in the company information on page 1 of the financial statements.

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.

The financial statements are presented in Sterling (£) and rounded to the nearest £1.

Going concern

The emergence of the global pandemic known as Covid-19 has raised significant uncertainty throughout the UK economy. The Company is working closely with customers and suppliers to review their plans and expected activities in the coming months.

At the time of approving the accounts there is uncertainty over the projected income for the company because this pandemic is unprecedented so no one can accurately predict how the economy will react over the coming year. Consideration has been given to the risks of reduced income and the value of assets owned by the company.

Based on the information available and using a reasonable range of assumptions, the business can continue as a going concern and the accounts have been prepared on this basis.

Investments

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2019 - 3).

Custom Group Hold Co Limited

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

4	Investments

	2020 £	2019 £
Investments in subsidiaries	1,649,048	1,649,048

Subsidiaries	£
Cost or valuation
At 1 June 2019	1,649,048
At 31 May 2020	1,649,048
Provision
At 1 June 2019	-
At 31 May 2020	-
Carrying amount
At 31 May 2020	1,649,048
At 31 May 2019	1,649,048

5

Debtors

		2020 £	2019 £
Amounts owed by group undertakings		21,986	21,986
		21,986	21,986

6	Share capital

Allotted, called up and fully paid shares

	2020		2019
	No.	£	No.	£
Ordinary A Shares of £1 each	51,000	51,000	51,000	51,000
Ordinary B Shares of £1 each	49,000	49,000	49,000	49,000
	100,000	100,000	100,000	100,000

7	Non adjusting events after the financial period

Since the year end dividends amounting to £180,000 have been voted by the company.