C.P. Holdings (UK) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03631723 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2021

for

C.P. Holdings (UK) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J H Watson

Mr C Monaghan

Mr M L Field

REGISTERED OFFICE:

Central Chambers

227 London Road

Hadleigh

Benfleet

Essex

SS7 2RF

REGISTERED NUMBER:

03631723 (England and Wales)

ACCOUNTANTS:

Field & Co LLP

Central Chambers

227 London Road

Hadleigh

Benfleet

Essex

SS7 2RF

FIXED ASSETS

Tangible assets

4

39,184

67,188

Investments

5

886,585

886,585

925,769

953,773

CURRENT ASSETS

Debtors

6

969,459

7,191

Cash at bank

87,289

29,604

1,056,748

36,795

CREDITORS

Amounts falling due within one year

7

1,615,060

593,438

NET CURRENT LIABILITIES

(558,312

)

(556,643

)

TOTAL ASSETS LESS CURRENT LIABILITIES

367,457

397,130

CREDITORS

Amounts falling due after more than one year

8

(9,460

)

(36,861

)

PROVISIONS FOR LIABILITIES

10

(4,250

)

(6,736

)

NET ASSETS

353,747

353,533

CAPITAL AND RESERVES

Called up share capital

11

509

509

Retained earnings

12

353,238

353,024

SHAREHOLDERS' FUNDS

353,747

353,533

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st December 2022 and were signed on its behalf by:

Mr J H Watson - Director

1.	STATUTORY INFORMATION

C.P. Holdings (UK) 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 39 ).

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1st January 2021

125,673

Additions

31,954

Disposals

(86,780

)

At 31st December 2021

70,847

DEPRECIATION

At 1st January 2021

58,485

Charge for year

18,056

Eliminated on disposal

(44,878

)

At 31st December 2021

31,663

NET BOOK VALUE

At 31st December 2021

39,184

At 31st December 2020

67,188

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st January 2021

83,013

Additions

31,954

Disposals

(57,518

)

At 31st December 2021

57,449

DEPRECIATION

At 1st January 2021

28,947

Charge for year

16,765

Eliminated on disposal

(24,246

)

At 31st December 2021

21,466

NET BOOK VALUE

At 31st December 2021

35,983

At 31st December 2020

54,066

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2021

and 31st December 2021

886,585

NET BOOK VALUE

At 31st December 2021

886,585

At 31st December 2020

886,585

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/21

31/12/20

£

£

Trade debtors

(168

)

-

Amounts owed by group undertakings

700,000

-

Other debtors

269,627

7,191

969,459

7,191

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/21

31/12/20

£

£

Hire purchase contracts

7,247

17,561

Trade creditors

2,249

(179

)

Amounts owed to group undertakings

1,152,643

313,711

Taxation and social security

102,567

211,224

Other creditors

350,354

51,121

1,615,060

593,438

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/21

31/12/20

£

£

Hire purchase contracts

9,460

36,861

9.

LOANS

An analysis of the maturity of loans is given below:

31/12/21

31/12/20

£

£

Amounts falling due within one year or on demand:

Other loans

-

50,000

10.	PROVISIONS FOR LIABILITIES

31/12/21

31/12/20

£

£

Deferred tax

4,250

6,736

Deferred

tax

£

Balance at 1st January 2021

6,736

Provided during year

(2,486

)

Balance at 31st December 2021

4,250

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/21

31/12/20

value:

£

£

500

Ordinary Shares

1

500

500

4

Ordinary A, B, C & D Shares

1

4

4

5

Ordinary E, F, G, H & J Shares

1

5

5

509

509

12.

RESERVES

Retained

earnings

£

At 1st January 2021

353,024

Profit for the year

230,118

Dividends

(229,904

)

At 31st December 2021

353,238

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J H Watson.