Century Park Trading International - Accounts to registrar (filleted) - small 18.2

Century Park Trading International - Accounts to registrar (filleted) - small 18.2

CENTURY PARK TRADING INTERNATIONAL LIMITED - Company Information

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REGISTERED NUMBER: 02883073 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

CENTURY PARK TRADING INTERNATIONAL
LIMITED
Prestons
Chartered Accountants
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY








CENTURY PARK TRADING INTERNATIONAL
LIMITED (REGISTERED NUMBER: 02883073)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CENTURY PARK TRADING INTERNATIONAL
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2020







DIRECTOR: Ali Al-Omeri





SECRETARY: Ali Al-Omeri





REGISTERED OFFICE: Unit 26, Century Park
Bordesley
Birmingham
B9 3NX





REGISTERED NUMBER: 02883073 (England and Wales)





ACCOUNTANTS: Prestons
Chartered Accountants
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY
Page 1
CENTURY PARK TRADING INTERNATIONAL
LIMITED (REGISTERED NUMBER: 02883073)

BALANCE SHEET
30 SEPTEMBER 2020

30.9.20 30.9.19
Notes £    £   
CURRENT ASSETS
Debtors 5 1,666,440 1,656,569
Cash at bank 14,005 17,317
1,680,445 1,673,886
CREDITORS
Amounts falling due within one year 6 3,384 3,220
NET CURRENT ASSETS 1,677,061 1,670,666
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,677,061
1,670,666

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 1,627,061 1,620,666
SHAREHOLDERS' FUNDS 1,677,061 1,670,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

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CENTURY PARK TRADING INTERNATIONAL
LIMITED (REGISTERED NUMBER: 02883073)

BALANCE SHEET - continued
30 SEPTEMBER 2020


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 director and authorised for issue on 11 June 2021 and were signed by:





Ali Al-Omeri - Director


The notes form part of these financial statements

Page 3
CENTURY PARK TRADING INTERNATIONAL
LIMITED (REGISTERED NUMBER: 02883073)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020

1. STATUTORY INFORMATION

Century Park Trading International 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 10 years
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Page 4 continued...
CENTURY PARK TRADING INTERNATIONAL
LIMITED (REGISTERED NUMBER: 02883073)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020

2. ACCOUNTING POLICIES - continued

Covid-19 uncertainties
The company deals in the FMCG industry. The Coronavirus pandemic has not had any significant impact on
the effective operation and profitability of the company. The directors instigated quick measures with respect
to the safety of its workforce including testing and distancing whilst working on the premises. Once it was
clear there would be a lockdown.

The Director has confirmed they will continue financial support of the company It is for these reasons the accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2019
and 30 September 2020 76,815 200,293 277,108
DEPRECIATION
At 1 October 2019
and 30 September 2020 76,815 200,293 277,108
NET BOOK VALUE
At 30 September 2020 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Amounts owed by group undertakings 1,310,866 1,310,694
Other debtors 355,574 345,875
1,666,440 1,656,569

Page 5 continued...
CENTURY PARK TRADING INTERNATIONAL
LIMITED (REGISTERED NUMBER: 02883073)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Taxation and social security 1,464 1,300
Other creditors 1,920 1,920
3,384 3,220

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2020 and 30 September 2019:

30.9.20 30.9.19
£    £   
Ali Al-Omeri
Balance outstanding at start of year 264,528 255,921
Amounts advanced 11,699 8,607
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 276,227 264,528

Director current account is overdrawn by £276,227 (2019 - £264,528) at the year end. Interest was charged at the market rate on the outstanding debt of the director.

8. RELATED PARTY DISCLOSURES

As at year end CPT International (UK) Ltd owed £1,310,866 to the company (2019: £1,310,694). Companies have common shareholding and directorship.

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