C - Pro Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07008036 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

C - PRO HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S P Clarke

S J Clarke

M G Clarke

J Clarke

REGISTERED OFFICE:

Hypro Marine

Mount Pleasant Lane

Lymington

Hampshire

SO41 8LS

REGISTERED NUMBER:

07008036 (England and Wales)

ACCOUNTANTS:

Enhance

Chartered Accountants & Tax Advisers

38 Middlehill Road

Colehill

Wimborne

Dorset

BH21 2SE

FIXED ASSETS

Investments

4

4,047,162

CURRENT ASSETS

Debtors

5

391,699

159,942

Cash at bank

5,538

5,857

397,237

165,799

CREDITORS

Amounts falling due within one year

6

167,111

178,947

NET CURRENT ASSETS/(LIABILITIES)

230,126

(13,148

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,277,288

4,034,014

CREDITORS

Amounts falling due after more than one
year

7

1,100,000

NET ASSETS

3,177,288

2,934,014

CAPITAL AND RESERVES

Called up share capital

5

Share premium

499,999

Retained earnings

2,677,284

2,434,010

3,177,288

2,934,014

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2021 and were signed on its behalf by:

S P Clarke - Director

M G Clarke - Director

1.	STATUTORY INFORMATION

C - Pro Holdings 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.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2020

and 31 March 2021

4,047,162

NET BOOK VALUE

At 31 March 2021

4,047,162

At 31 March 2020

4,047,162

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

Amounts owed by group undertakings

391,699

112,335

Other debtors

-

47,607

391,699

159,942

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

Trade creditors

19

12

Amounts owed to group undertakings

22,425

57,470

Taxation and social security

43,046

144

Other creditors

101,621

121,321

167,111

178,947

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2021

2020

£

Other creditors

1,100,000

8.	RELATED PARTY DISCLOSURES

During the year management fees were charged to Hypro Developments Limited, a fully owned subsidiary totalling £216,000 (2020: £216,000).

At the balance sheet date the company was owed £322,040 by Hypro Developments Limited (2020: £72,923).

During the year C-Pro Holdings Ltd was released from the intercompany debt it owed to South Coast Marine Limited, a group company, totalling £134. This has been treated as an exceptional item. At the balance sheet date the company owed £nil (2020: £43) to South Coast Marine Limited, a wholly owned subsidiary.

At the balance sheet date the company owed £22,425 (2020: £57,427) to Ribs Marine Limited, a wholly owned subsidiary.

At the balance sheet date the company was owed £36,112 (2020: £36,112) by Avon Marina Holdings Limited, a related company.

At the balance sheet date the company was owed £33,547 (2020: £3,300) by Avon Marina LLP, an LLP in which C-Pro Holdings is a a partner.

At the balance sheet date the company owed M G Clarke, a director £598,109 (2020: £608,580) and S P Clarke, also a director £601,462 (2020: £611,941).

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, together with members of their close families, by virtue of their 100% issued shareholding.

C - Pro Holdings Limited - Accounts to registrar (filleted) - small 18.2

C - Pro Holdings Limited - Accounts to registrar (filleted) - small 18.2