CJT Holdings Limited Filleted accounts for Companies House (small and micro)

CJT HOLDINGS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05217955

CJT Holdings Limited

Filleted Unaudited Financial Statements

31 March 2022

CJT Holdings Limited

Statement of Financial Position

31 March 2022

	2022	2021
Note	£	£

Fixed assets

Tangible assets	5	194	243
Investments	6	255,000	255,000
		-----------	-----------
		255,194	255,243

Current assets

Debtors	7	806	51
Cash at bank and in hand		14,426	11,215
		-----------	-----------
		15,232	11,266

Creditors: amounts falling due within one year	8	( 48,708)	( 35,648)
		-----------	-----------
Net current liabilities		( 33,476)	( 24,382)
		-----------	-----------
Total assets less current liabilities		221,718	230,861

Provisions

Taxation including deferred tax	( 37)	( 46)
	-----------	-----------
Net assets	221,681	230,815
	-----------	-----------

CJT Holdings Limited

Statement of Financial Position (continued)

31 March 2022

	2022	2021
Note	£	£

Capital and reserves

Called up share capital	2	2
Profit and loss account	221,679	230,813
	-----------	-----------
Shareholders funds	221,681	230,815
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2022 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 20 May 2022 , and are signed on behalf of the board by:

Mr J Thompson
Director

Company registration number: 05217955

CJT Holdings Limited

Notes to the Financial Statements

Year ended 31 March 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Alsthorpe Road, Oakham, Rutland, LE15 6FD, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Taxation

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtuures and fittings	-	20% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2021: 2 ).

5. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 April 2021 and 31 March 2022	1,243	1,243
	-----------	-----------
Depreciation
At 1 April 2021	1,000	1,000
Charge for the year	49	49
	-----------	-----------
At 31 March 2022	1,049	1,049
	-----------	-----------
Carrying amount
At 31 March 2022	194	194
	-----------	-----------
At 31 March 2021	243	243
	-----------	-----------

6. Investments

	Other investments other than loans
	£
Cost
At 1 April 2021 and 31 March 2022	255,000
	-----------
Impairment
At 1 April 2021 and 31 March 2022	–
	-----------

Carrying amount
At 31 March 2022	255,000
	-----------
At 31 March 2021	255,000
	-----------

7. Debtors

	2022	2021
	£	£
Other debtors	806	51
	-----------	-----------

8. Creditors: amounts falling due within one year

	2022	2021
	£	£
Other creditors	48,708	35,648
	-----------	-----------

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2022
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr J Thompson	( 17,023)	( 4,316)	( 21,339)
Mrs C S Thompson	( 17,023)	( 4,317)	( 21,340)
	-----------	-----------	-----------
	( 34,046)	( 8,633)	( 42,679)
	-----------	-----------	-----------

	2021
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr J Thompson	( 15,893)	( 1,130)	( 17,023)
Mrs C S Thompson	( 15,894)	( 1,129)	( 17,023)
	-----------	-----------	-----------
	( 31,787)	( 2,259)	( 34,046)
	-----------	-----------	-----------