Cessi Holdings Limited - Period Ending 2023-05-31
Cessi Holdings Limited - Period Ending 2023-05-31
Registration number:
Cessi Holdings Limited
for the Year Ended 31 May 2023
Cessi Holdings Limited
Contents
Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Cessi Holdings Limited
Company Information
Director |
Michael Robert Sibbald |
Company secretary |
Graeme Michael Sibbald |
Registered office |
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Accountants |
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Cessi Holdings Limited
(Registration number: 08522639)
Statement of Financial Position as at 31 May 2023
Note |
2023 |
2022 |
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Fixed assets |
|||
Investments |
- |
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Current assets |
|||
Debtors |
|
|
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
|||
Called up share capital |
120 |
120 |
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Retained earnings |
(527,858) |
(436,487) |
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Shareholders' deficit |
(527,738) |
(436,367) |
For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement .
Approved and authorised by the
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Cessi Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cessi Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company under contracts of service (including the director) during the year, was
Investments |
2023 |
2022 |
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Investments in subsidiaries |
- |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 June 2022 |
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Provision |
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Provision |
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Carrying amount |
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At 31 May 2023 |
- |
At 31 May 2022 |
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Associates |
£ |
Cost |
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At 1 June 2022 |
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Provision |
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At 1 June 2022 |
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Carrying amount |
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At 31 May 2023 |
- |
Cessi Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023
Debtors |
Note |
2023 |
2022 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
- |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
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Due within one year |
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Amounts due to related parties |
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Accruals |
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Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
|
|
|
120 |
|
120 |
Related party transactions |
Loans to related parties
2023 |
Subsidiary |
Total |
At start of period |
|
|
Repaid |
( |
( |
Impairment |
( |
( |
At end of period |
- |
- |
|
Cessi Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023
2022 |
Subsidiary |
Associates |
Total |
At start of period |
|
|
|
Repaid |
( |
- |
( |
Impairment |
- |
( |
( |
At end of period |
|
- |
|
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Terms of loans to related parties
Loans from related parties
2023 |
Key management |
Total |
At start of period |
|
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Repaid |
( |
( |
At end of period |
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|
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2022 |
Key management |
Total |
At start of period |
|
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Repaid |
( |
( |
At end of period |
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Terms of loans from related parties