Company registration number 12495057 (England and Wales)
CR Holdings (Staffs) Limited
Unaudited financial statements
For the year ended 31 March 2023
CR Holdings (Staffs) Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
CR Holdings (Staffs) Limited
Statement of financial position
As at 31 March 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
2
2,113,762
2,113,762
Current assets
Debtors
3
480,926
121,770
Cash at bank and in hand
21,602
22,432
502,528
144,202
Creditors: amounts falling due within one year
4
(664,989)
(443,020)
Net current liabilities
(162,461)
(298,818)
Total assets less current liabilities
1,951,301
1,814,944
Creditors: amounts falling due after more than one year
5
(107,518)
(701,591)
Net assets
1,843,783
1,113,353
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,843,683
1,113,253
Total equity
1,843,783
1,113,353

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

CR Holdings (Staffs) Limited
Statement of financial position (continued)
As at 31 March 2023
31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 19 September 2023 and are signed on its behalf by:
Ms C Bates
Mr R J Gray
Director
Director
Company Registration No. 12495057
CR Holdings (Staffs) Limited
Notes to the financial statements
For the year ended 31 March 2023
- 3 -
1
Accounting policies
Company information

CR Holdings (Staffs) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Brookhouse Industrial Estate, Brookhouse Way, Cheadle, Stoke on Trent, Staffordshire, England, ST10 1SR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, other short-term liquid investments with original maturities of three months or less.

1.4
Financial instruments

Basic financial assets and liabilities are initially measured at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 or loss.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

CR Holdings (Staffs) Limited
Notes to the financial statements (continued)
For the year ended 31 March 2023
1
Accounting policies
(Continued)
- 4 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
2,113,762
2,113,762
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
476,297
121,770
Other debtors
4,629
-
0
480,926
121,770
CR Holdings (Staffs) Limited
Notes to the financial statements (continued)
For the year ended 31 March 2023
- 5 -
4
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
578,607
171,634
Other creditors
86,382
271,386
664,989
443,020
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
107,518
286,124
Other creditors
-
0
415,467
107,518
701,591
Creditors which fall due after five years are as follows:
2023
2022
£
£
Payable by instalments
107,518
701,591
2023-03-31 2022-04-01 false 19 September 2023 CCH Software CCH Accounts Production 2023.200 No description of principal activity Ms Cindy Bates Mr Richard John Gray 0 12495057 2022-04-01 2023-03-31 12495057 2023-03-31 12495057 2022-03-31 12495057 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 12495057 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 12495057 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 12495057 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 12495057 core:CurrentFinancialInstruments 2023-03-31 12495057 core:CurrentFinancialInstruments 2022-03-31 12495057 core:Non-currentFinancialInstruments 2023-03-31 12495057 core:Non-currentFinancialInstruments 2022-03-31 12495057 core:ShareCapital 2023-03-31 12495057 core:ShareCapital 2022-03-31 12495057 core:RetainedEarningsAccumulatedLosses 2023-03-31 12495057 core:RetainedEarningsAccumulatedLosses 2022-03-31 12495057 bus:Director1 2022-04-01 2023-03-31 12495057 bus:Director2 2022-04-01 2023-03-31 12495057 core:WithinOneYear 2023-03-31 12495057 core:WithinOneYear 2022-03-31 12495057 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12495057 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 12495057 bus:FRS102 2022-04-01 2023-03-31 12495057 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 12495057 bus:FullAccounts 2022-04-01 2023-03-31 xbrli:pure xbrli:shares iso4217:GBP