ACCOUNTS - Final Accounts preparation

C T GLASS HOLDINGS LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-02-282017-02-28The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse2016-02-03 09986216 2016-02-02 09986216 2016-02-03 2017-02-28 09986216 2017-02-28 09986216 c:Director1 2016-02-03 2017-02-28 09986216 d:CurrentFinancialInstruments 2017-02-28 09986216 d:Non-currentFinancialInstruments 2017-02-28 09986216 d:CurrentFinancialInstruments d:WithinOneYear 2017-02-28 09986216 d:ShareCapital 2017-02-28 09986216 d:RetainedEarningsAccumulatedLosses 2017-02-28 09986216 c:FRS102 2016-02-03 2017-02-28 09986216 c:AuditExempt-NoAccountantsReport 2016-02-03 2017-02-28 09986216 c:FullAccounts 2016-02-03 2017-02-28 09986216 c:PrivateLimitedCompanyLtd 2016-02-03 2017-02-28 iso4217:GBP xbrli:pure

09986216

CT GLASS HOLDINGS LIMITED

UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2017

HAINES WATTS LEEDS LLP

CHARTERED ACCOUNTANTS

CT GLASS HOLDINGS LIMITED

REGISTERED NUMBER: 09986216

BALANCE SHEET

AS AT 28 FEBRUARY 2017

		2017
Note		£

Fixed assets
Investments	5		4,064,660
			4,064,660
Current assets
Debtors: amounts falling due within one year	6	101
Cash at bank and in hand		102
		203
Creditors: amounts falling due within one year	7	(64,660)
Net current (liabilities)/assets			(64,457)
Total assets less current liabilities			4,000,203

Net assets			4,000,203

Capital and reserves
Called up share capital			800,101
Profit and loss account			3,200,102
			4,000,203

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CT GLASS HOLDINGS LIMITED

REGISTERED NUMBER: 09986216

BALANCE SHEET (CONTINUED)

AS AT 28 FEBRUARY 2017

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 October 2017.

Gary Thirkell

Director

The notes on pages 3 to 5 form part of these financial statements.

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CT GLASS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2017

1.	General information

CT Glass Holdings Limited is a private limited company limited by shares, incorporated in England and Wales at Sterling House, 1 Sheepscar Court, Meanwood Road, Leeds, LS7 2BB under company number 09986216.

2.	Statement of Compliance

The financial statements of C T Glass Holdings Limited have been prepared in compliance with United Kingdom Accounting Standards, including Section 1A of Financial Reporting Standard 102, ‘The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland’ (‘FRS 102’) and the Companies Act 2006.

3.Accounting policies

3.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies

3.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

3.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

3.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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CT GLASS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2017

3.Accounting policies (continued)

3.6

Financial instruments

The Company only enters into basic financial instruments 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, loans to related parties and investments in non-puttable ordinary shares.

3.7

Creditors

Short term creditors are measured at the transaction price.

3.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the period was 1.

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	4,064,660
	At 28 February 2017	4,064,660

	Net book value
	At 28 February 2017	4,064,660

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CT GLASS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2017

Debtors

					2017
					£


	Other debtors	101
		101

7.	Creditors: Amounts falling due within one year
		2017
		£

	Other creditors	64,660
		64,660

8.	Related party transactions
	In accordance with the exemption allowed by Section 1A of FRS 102, no disclosures are made of transactions with other wholly owned member companies of the CT Glass Group. No further transactions with related parties were undertaken such as are required to be disclosed under section 1A of FRS 102.

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