Caseware UK (AP4) 2021.0.152 2021.0.152 0false2021-01-01No description of principal activity0truefalse 05283276 2021-01-01 2021-12-31 05283276 2020-01-01 2020-12-31 05283276 2021-12-31 05283276 2020-12-31 05283276 c:Director3 2021-01-01 2021-12-31 05283276 d:CurrentFinancialInstruments 2021-12-31 05283276 d:CurrentFinancialInstruments 2020-12-31 05283276 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 05283276 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 05283276 d:ShareCapital 2021-12-31 05283276 d:ShareCapital 2020-12-31 05283276 d:CapitalRedemptionReserve 2021-12-31 05283276 d:CapitalRedemptionReserve 2020-12-31 05283276 d:RetainedEarningsAccumulatedLosses 2021-12-31 05283276 d:RetainedEarningsAccumulatedLosses 2020-12-31 05283276 c:FRS102 2021-01-01 2021-12-31 05283276 c:Audited 2021-01-01 2021-12-31 05283276 c:FullAccounts 2021-01-01 2021-12-31 05283276 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 05283276 c:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 05283276 6 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 05283276









Continental Textiles (Holdings) Limited









Financial statements

Information for filing with the registrar

For the year ended 31 December 2021

 
Continental Textiles (Holdings) Limited
Registered number: 05283276

Balance sheet
As at 31 December 2021

2021
2020
Note
£
£

Fixed assets
  

Investments
 4 
5,000,000
5,000,000

Current assets
  

Debtors: amounts falling due within one year
 5 
1,000
1,000

Creditors: amounts falling due within one year
 6 
(1,649,196)
(1,649,196)

Net current liabilities
  
 
 
(1,648,196)
 
 
(1,648,196)

Total assets less current liabilities
  
3,351,804
3,351,804

  

Net assets
  
3,351,804
3,351,804


Capital and reserves
  

Called up share capital 
  
970
970

Capital redemption reserve
  
30
30

Profit and loss account
  
3,350,804
3,350,804

  
3,351,804
3,351,804


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 by: 




................................................
Mr J A Crewe
Director

Date: 9 August 2022

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
Continental Textiles (Holdings) Limited
 
 
 
Notes to the financial statements
For the year ended 31 December 2021

1.


General information

Continental Textiles (Holdings) Limited is a private company limited by share capital and incorporated in England. The company registration number is 05283276.  The address of the registered office and principal place of business is 3 Avocado Court, Commerce Way, Trafford Park, Manchester, M17 1HW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

At 31 December 2021, the company had net current liabilities of £1,648,196 (2020: £1,648,196). The company has received assurances from other group companies that loans of £1,649,196 will not be recalled to an extent that would prevent the company being able to pay its debts as they fall due.
Management have therefore prepared the accounts on a going concern basis.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. 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.

 
2.6

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.

Page 2

 
Continental Textiles (Holdings) Limited
 
 
 
Notes to the financial statements
For the year ended 31 December 2021

3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2020 - 0).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2021
5,000,000



At 31 December 2021
5,000,000





5.


Debtors

2021
2020
£
£


Called up share capital not paid
1,000
1,000



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Amounts owed to group undertakings
1,649,196
1,649,196



7.


Related party transactions

The company has made use of the provisions available under FRS 102 to not disclose transactions with entities that are wholly owned by its parent.


8.


Controlling party

The company is a wholly owned subsidary of Continental Textiles (Group) Limited registered in England and Wales. 

Page 3

 
Continental Textiles (Holdings) Limited
 
 
 
Notes to the financial statements
For the year ended 31 December 2021

9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2021 was unqualified.

The audit report was signed on 11 August 2022 by Tim Potter (Senior statutory auditor) on behalf of Hurst Accountants Limited.

Page 4