CNG_ERDINGTON_LIMITED - Accounts

The directors present their annual report and financial statements for the year ended 31 March 2021.

The principal activity of the company continued to be that of a dormant company.

The results for the year are set out on page 2.

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

The directors have at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in dormant existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. This expectation arises due to the financial support available from its parent CNG Fuels Ltd, should the need for support arise when the Company commences operations.

The Company has taken advantage of exemptions available to UK small companies under the Companies Act 2006, to not deliver a strategic report with these financial statements. It has also elected not to include optional disclosures for UK small companies within the directors report on matters of research and development activities and future developments.

CNG Erdington Limited is a private company limited by shares incorporated in England and Wales. The registered office is 250 Wharfedale Road, Winnersh Triangle, Wokingham, Berkshire, RG41 5TP. The company's principal activities and nature of its operations are disclosed in the directors' report.

The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted for use in the European Union and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS, except as otherwise stated.

This is the first year the financial statements have been prepared under IFRS, and more information about transitional adjustments can be seen in note 13 of the notes to the financial statements.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, except for the revaluation of . The principal accounting policies adopted are set out below.

The directors have at the time of approving the financial statements, a reasonable expectation that the companytrue has adequate resources to continue in dormant existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. This expectation arises due to the financial support available from its parent CNG Fuels Ltd, should the need for support arise when the Company commences operations.

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets are classified into specified categories, depending on the nature and purpose of the financial assets.

At initial recognition, financial assets classified as fair value through profit and loss are measured at fair value and any transaction costs are recognised in profit or loss. Financial assets not classified as fair value through profit and loss are initially measured at fair value plus transaction costs.

Financial assets, other than those measured at fair value through profit or loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable and deferred tax.

In the current year, the following new and revised Standards and Interpretations have been adopted by the company and have an effect on the current period or a prior period or may have an effect on future periods:

• Amendment to IFRS 16, ‘Leases’ – Covid-19 related rent concessions

• Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 Interest Rate Benchmark Reform

At the date of authorisation of these financial statements, the following Standards and Interpretations, which have not yet been applied in these financial statements, were in issue but not yet effective (and in some cases had not yet been adopted by the EU):

• Amendments to IFRS 3, ‘Business combinations’, IAS 16,’ Property, plant and equipment’, and IAS 37 ‘Provisions, contingent liabilities and contingent assets’

• IAS 17 and some annual improvements on IFRS 1, IFRS 9, IAS 41 and IFRS 16

• Amendments to IAS 1 Presentation of financial statements’ on classification of liabilities

The directors anticipated that the adoption of these standard and the interpretations in future period will have no material impact on the financial statements of the company.

The average monthly number of persons (including directors) employed by the company during the year was:

The directors are the only employees of the company and received emoluments of £Nil (2020: £Nil) for their services to the Company.

The directors consider that the carrying amounts of financial assets carried at amortised cost in the financial statements approximate to their fair values.

On 4 December 2020, the Company's investment of 1 A Ordinary share in Oxford Erdington Limited of £1 was purchased for cancellation.

Amounts owed by parent undertaking consist of informal intercompany loans, which are unsecured, bear no interest and are repayable on demand.

The directors consider that the carrying amount of trade and other receivables is approximately equal to their fair value.

No significant receivable balances are impaired at the reporting end date.

The company has one class of Ordinary share, which has full rights with respect to voting, dividends and capital distributions.

The company is not subject to any externally imposed capital requirements.

The following amounts were outstanding at the reporting end date:

Amounts owed by parent undertaking consist of informal intercompany loans, which are unsecured, bear no interest and are repayable on demand.

The immediate and ultimate parent company is CNG Fuels Ltd and its registered office is 250 Wharfedale Road, Winnersh Triangle, Wokingham, Berkshire, United Kingdom, RG41 5TP.

The smallest and largest group into which the company is consolidated is the CNG Fuels Ltd group, whose financial statements are available at 250 Wharfedale Road, Winnersh Triangle, Wokingham, Berkshire, United Kingdom, RG41 5TP.

CNG Fuels Ltd is owned by a number of shareholders and individually no shareholder can exert control.

The Company does not own or operate a bank account.

The Company has adopted International Financial Reporting Standards (IFRS) for the preparation of these financial statements. This is the first time of adoption of IFRS and the date of transition is 1 April 2019.

Previously the Company prepared its financial statements in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (FRS 102) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The Company has applied all relevant standards and the adoption did not lead to any transition adjustments arising within the financial statements.