CNG_NORTHAMPTON_LIMITED - Accounts

The directors present their annual report and financial statements for the year ended 31 March 2022.

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 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.

CNG Northampton 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 United Kingdom adopted international accounting standards (and with International Financial Reporting Standards as issued by the IASB), except as otherwise stated.

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. 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.

In the current year, the following new and revised standards and interpretations have been adopted by the Company. The impact of the adoption of these amendments is not deemed to have a material effect on the current period or prior period, and is not anticipated to have a material 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 UK):

• Reference to the Conceptual Framework (Amendments to IFRS 3)

• Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16)

• Onerous Contracts—Cost of Fulfilling a Contract (Amendments to IAS 37)

• Amendment to IFRS 1 First-time Adoption of International Financial Reporting Standards—Subsidiary as a First-time Adopter,

• Amendment to IFRS 9 Financial Instruments — Fees in the ‘10 per cent’ Test for Derecognition of Financial Liabilities

• Amendment to IAS 41 Agriculture—Taxation in Fair Value Measurements.

• IFRS 17 Insurance Contracts, amendments to IFRS 17 and initial Application of IFRS 17 and IFRS 9 Comparative Information

The directors anticipate that the adoption of these standards, amendments and interpretations in future periods will not have a 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 (2021: £Nil) for their services to the Company.

Amounts owed by parent undertaking consist of 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.

There were no movements in share capital during the year.

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 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 did not operate a bank account in either the current or prior year.