CVO HOLDINGS LIMITED

CVO HOLDINGS LIMITED - Company Information

2022-04-012023-03-312023-03-31false10346240CVO HOLDINGS 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Registered Number
10346240
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

CVO HOLDINGS LIMITED

Company Information
for the year from 1 April 2022 to 31 March 2023


Directors	BAILEY, Michelle Kelly
	STOCKS, Paul Lindsay


Registered Address	Unit 4 Beaumont Square
	Durham Way South
	Newton Aycliffe Industrial Estate
	DL5 6XN


Registered Number	10346240 (England and Wales)

CVO HOLDINGS LIMITED

Balance Sheet as at
31 March 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Investments	5		644,957		644,957
			644,957		644,957
Current assets
Debtors	6	20,015		1
Cash at bank and on hand		1,755		7,518
		21,770		7,519
Creditors amounts falling due within one year	7	(664,974)		(649,162)
Net current assets (liabilities)			(643,204)		(641,643)
Total assets less current liabilities			1,753		3,314
Net assets			1,753		3,314
Capital and reserves
Called up share capital			6,000		6,000
Other reserves			(31,000)		(31,000)
Profit and loss account			26,753		28,314
Shareholders' funds			1,753		3,314

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 3 November 2023, and are signed on its behalf by:

BAILEY, Michelle Kelly
Director

STOCKS, Paul Lindsay
Director

Registered Company No. 10346240

CVO HOLDINGS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Investments policy
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments policy

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2023		2022
	Average number of employees during the year	2		2

5.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 22	644,957	644,957
At 31 March 23	644,957	644,957
Net book value
At 31 March 23	644,957	644,957
At 31 March 22	644,957	644,957

	Notes
	¹Investments in group undertakings and participating interests

6.	Debtors

	2023	2022
	£	£
Amounts owed by associates and joint ventures / participating interests	20,000	-
Other debtors	15	1
Total	20,015	1


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

7.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	29	225
Amounts owed to related parties	655,808	578,253
Taxation and social security	8,737	69,994
Accrued liabilities and deferred income	400	690
Total	664,974	649,162


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.