CAJ Group Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06783707 (England and Wales)

CAJ GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr C A Joannou

Mrs S R Joannou

Mrs A C Georgiou

REGISTERED OFFICE:

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

REGISTERED NUMBER:

06783707 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Investments

4

8,445,198

6,632,435

CURRENT ASSETS

Debtors

5

455,843

1,216,748

Cash at bank and in hand

256

2,329

456,099

1,219,077

CREDITORS

Amounts falling due within one year

6

58,050

27,409

NET CURRENT ASSETS

398,049

1,191,668

TOTAL ASSETS LESS CURRENT LIABILITIES

8,843,247

7,824,103

CREDITORS

Amounts falling due after more than one year

7

-

42,752

NET ASSETS

8,843,247

7,781,351

CAPITAL AND RESERVES

Called up share capital

50,000

50,010

Share premium

-

990

Fair value reserve

10

7,376,703

5,704,000

Retained earnings

1,416,544

2,026,351

SHAREHOLDERS' FUNDS

8,843,247

7,781,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 22 December 2023 and were signed on its behalf by:

Dr C A Joannou - Director

1.	STATUTORY INFORMATION

Caj Group 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. The company adopted FRS 102 1A in the current year and an explanation of how transition of FRS 102 1A has affected the reported financial position and performance is given in the notes.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below:

Corporation tax

Significant judgement is required in determining the provision for corporation tax. There are transactions and calculations for which the ultimate tax determination is uncertain during the ordinary course of business. The Company recognises liabilities for anticipated tax issues based on estimates of whether additional taxes will be due. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will impact the corporation tax and deferred tax provisions in the period in which such determination is made.

Dividend and interest receivable

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established and the amount of revenue can be measured reliably..

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable.

Investments in subsidiaries

An associate is an entity over which the company has significant influence and that is neither a subsidiary nor an interest in a joint venture. Significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control over those policies. Investments in associates are initially accounted for at the transaction price. At each reporting date investments in associates are measured at fair value, with changes in fair value recognised in other comprehensive income.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method.

Interest in other participating interests

An associate is an entity over which the company has significant influence and that is neither a subsidiary nor an interest in a joint venture. Significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control over those policies. Investments in associates are initially accounted for at the transaction price. At each reporting date investments in associates are measured at fair value, with changes in fair value recognised in other comprehensive income.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Interest

Shares in

in other

group

participating

Unlisted

undertakings

interests

investments

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2022

2,763

6,629,672

-

6,632,435

Additions

-

-

699,161

699,161

Disposals

-

-

(559,101

)

(559,101

)

Revaluations

-

-

1,672,703

1,672,703

Reclassification/transfer

-

(6,629,672

)

6,629,672

-

At 31 March 2023

2,763

-

8,442,435

8,445,198

NET BOOK VALUE

At 31 March 2023

2,763

-

8,442,435

8,445,198

At 31 March 2022

2,763

6,629,672

-

6,632,435

Cost or valuation at 31 March 2023 is represented by:

Shares in

group

Unlisted

undertakings

investments

Totals

£

£

£

Valuation in 2023

-

7,376,703

7,376,703

Cost

2,763

1,065,732

1,068,495

2,763

8,442,435

8,445,198

If Fixed asset investment had not been revalued they would have been included at the following historical cost:

31.3.23

31.3.22

£

£

Cost

1,065,732

925,672

Fixed asset investment were valued on an open market basis on 31 March 2023 by the directors. .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Other debtors

47,500

50,000

Related companies

408,343

1,166,748

455,843

1,216,748

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts (see note 8)

31,673

-

Corporation tax

209

1,669

Other creditors

24,500

24,500

Directors' loan accounts

1,168

740

Accruals and deferred income

500

500

58,050

27,409

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans (see note 8)

-

42,752

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

42,752

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.23

31.3.22

£

£

Amounts falling due within one year or on demand:

Bank loans

31,673

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

42,752

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.23

31.3.22

£

£

Bank loans

31,673

42,752

10.

RESERVES

Fair

value

reserve

£

At 1 April 2022

5,704,000

Revaluation transfer

1,672,703

At 31 March 2023

7,376,703

11.	ULTIMATE CONTROLLING PARTY