C P Group of Companies Limited - Period Ending 2015-09-30

Registration number: 05086794

C P Group of Companies Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

Walker & Sutcliffe
Chartered Accountants
12 Greenhead Road
Huddersfield
West Yorkshire
HD1 4EN

C P Group of Companies Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

C P Group of Companies Limited
(Registration number: 05086794)
Abbreviated Balance Sheet at 30 September 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					-			415,000
Investments					5,230,654			5,230,654
					5,230,654			5,645,654
Current assets
Debtors					2,353,694			2,469,902
Cash at bank and in hand					167,120			113,963
					2,520,814			2,583,865
Creditors: Amounts falling due within one year					(5,512,266)			(5,398,203)
Net current liabilities					(2,991,452)			(2,814,338)
Total assets less current liabilities					2,239,202			2,831,316
Creditors: Amounts falling due after more than one year					(1,169,792)			(1,779,909)
Net assets					1,069,410			1,051,407
Capital and reserves
Called up share capital		3			5,300,000			5,300,000
Profit and loss account					(4,230,590)			(4,248,593)
Shareholders' funds					1,069,410			1,051,407

For the year ending 30 September 2015 the company was entitled to exemption 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 .

Approved by the Board on 14 June 2016 and signed on its behalf by:

.........................................
Mr A J Taylor
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

C P Group of Companies Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Investment properties	2% Reducing balance

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

C P Group of Companies Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 October 2014		415,000			15,922,829			16,337,829
Disposals		(415,000)			-			(415,000)
At 30 September 2015		-			15,922,829			15,922,829
Depreciation
At 1 October 2014		-			10,692,175			10,692,175
At 30 September 2015		-			10,692,175			10,692,175
Net book value
At 30 September 2015		-			5,230,654			5,230,654
At 30 September 2014		415,000			5,230,654			5,645,654

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Significant holdings
CP Interiors Limited	England & Wales	Ordinary & A Ordinary	100%	Holding company

The profit for the financial period of CP Interiors Limited was £nil and the aggregate amount of capital and reserves at the end of the period was £5,260,000.

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		68,697			68,697			68,697			68,697
A Ordinary of £1 each		231,303			231,303			231,303			231,303
A Preference of £1 each		5,000,000			5,000,000			5,000,000			5,000,000

Page 3

C P Group of Companies Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

5,300,000

5,300,000

5,300,000

5,300,000

Page 4