C1 Capital Partners Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08000180 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

C1 CAPITAL PARTNERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Nolan

Mrs B Nolan

K A Dijkstra

SECRETARY:

Mrs B Nolan

REGISTERED OFFICE:

83 Cambridge Street

Pimlico

London

SW1V 4PS

REGISTERED NUMBER:

08000180 (England and Wales)

ACCOUNTANTS:

George Hay & Company

Chartered Accountants

83 Cambridge Street

London

SW1V 4PS

FIXED ASSETS

Tangible assets

4

2,702

-

Investments

5

14,555

14,555

17,257

14,555

CURRENT ASSETS

Debtors

6

1,196,733

855,434

Cash at bank

992,967

724,218

2,189,700

1,579,652

CREDITORS

Amounts falling due within one year

7

473,633

307,980

NET CURRENT ASSETS

1,716,067

1,271,672

TOTAL ASSETS LESS CURRENT LIABILITIES

1,733,324

1,286,227

CREDITORS

Amounts falling due after more than one year

8

22,500

32,500

NET ASSETS

1,710,824

1,253,727

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,710,823

1,253,726

SHAREHOLDERS' FUNDS

1,710,824

1,253,727

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 18th December 2023 and were signed on its behalf by:

G Nolan - Director

1.	STATUTORY INFORMATION

C1 Capital Partners 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.

Consolidation

The company and its subsidiary form a small group. The company is therefore not required to produce consolidated financial statements. These financial statements present information about the company as a single entity.

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.

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company only enters into basic financial statements transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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 4 (2022 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st April 2022

6,198

Additions

3,320

At 31st March 2023

9,518

DEPRECIATION

At 1st April 2022

6,198

Charge for year

618

At 31st March 2023

6,816

NET BOOK VALUE

At 31st March 2023

2,702

At 31st March 2022

-

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st April 2022

and 31st March 2023

14,555

NET BOOK VALUE

At 31st March 2023

14,555

At 31st March 2022

14,555

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

161,519

54,028

Other debtors

607,983

799,972

Tax

1,434

1,434

Prepayments and accrued income

425,797

-

1,196,733

855,434

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

2,544

1,567

Amounts owed to group undertakings

25,167

25,167

Tax

108,752

-

VAT

56,159

16,889

Other creditors

200,000

201,659

Directors' loan accounts

7,663

10,320

Accruals and deferred income

53,287

38,293

Accrued expenses

10,061

4,085

473,633

307,980

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans - 1-2 years

10,000

10,000

Bank loans - 2-5 years

12,500

22,500

22,500

32,500

9.	RELATED PARTY DISCLOSURES

The company has entered into loan arrangements with other companies under the control of Mr G Nolan. All loans are repayable on demand and no interest is charged.

Included in Other debtors as at 31st March 2023 are loans to Gemapak Ltd £576,783 (2022: £769,165) and G&G Hotels Ltd £31,161 (2022: £30,807).

Included in Other creditors as at 31st March 2023 is a loan from Gerard Nolan and Partners Ltd of £200,000 (2022: £200,000)