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REGISTERED NUMBER: 07150856 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

CPK INVESTMENTS LIMITED

CPK INVESTMENTS LIMITED (REGISTERED NUMBER: 07150856)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CPK INVESTMENTS LIMITED

COMPANY INFORMATION
For The Year Ended 31 January 2023







DIRECTORS: Mrs Rajinder Kaur Kalar
Mr Baljit Kalar





REGISTERED OFFICE: 5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU





REGISTERED NUMBER: 07150856 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

CPK INVESTMENTS LIMITED (REGISTERED NUMBER: 07150856)

BALANCE SHEET
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,754 24,609
Investment property 5 1,700,000 1,350,000
1,718,754 1,374,609

CURRENT ASSETS
Debtors 6 21,206 25,050
Cash at bank 83,533 94,087
104,739 119,137
CREDITORS
Amounts falling due within one year 7 688,914 725,869
NET CURRENT LIABILITIES (584,175 ) (606,732 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,134,579 767,877

CREDITORS
Amounts falling due after more than
one year

8

(512,194

)

(542,694

)

PROVISIONS FOR LIABILITIES 10 (101,444 ) (36,057 )
NET ASSETS 520,941 189,126

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 11 417,282 133,782
Retained earnings 102,659 54,344
SHAREHOLDERS' FUNDS 520,941 189,126

CPK INVESTMENTS LIMITED (REGISTERED NUMBER: 07150856)

BALANCE SHEET - continued
31 January 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:





Mr Baljit Kalar - Director


CPK INVESTMENTS LIMITED (REGISTERED NUMBER: 07150856)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2023


1. STATUTORY INFORMATION

CPK Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The level of rounding used in the financial statements is to the nearest £1.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 33% on cost and 15% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment properties are properties held to earn rentals or for capital appreciation or both.

Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss in the period in which they arise. Deferred taxation is provided on these gains.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


CPK INVESTMENTS LIMITED (REGISTERED NUMBER: 07150856)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern - basis of preparation
In assessing the appropriateness of the application of the going concern basis, the directors have considered the uncertainties around the general economic environment, the current and future trading performance of the company and available cash. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, accordingly they continue to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings Computer
& equipment equipment Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 51,368 6,808 58,176
DEPRECIATION
At 1 February 2022 31,298 2,269 33,567
Charge for year 3,585 2,270 5,855
At 31 January 2023 34,883 4,539 39,422
NET BOOK VALUE
At 31 January 2023 16,485 2,269 18,754
At 31 January 2022 20,070 4,539 24,609

CPK INVESTMENTS LIMITED (REGISTERED NUMBER: 07150856)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 1,350,000
Revaluations 350,000
At 31 January 2023 1,700,000
NET BOOK VALUE
At 31 January 2023 1,700,000
At 31 January 2022 1,350,000

Investment properties included at fair value would have been included on a historical cost basis at:

2022 2021
£ £

Cost 1,184,837 1,184,837

The completed investment properties are stated at fair value in accordance with the requirements of Section 1A ''Small Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland''.

The investment properties have been valued by the directors , on the fair value basis taking into account existing tenancy arrangements.

During the year an increase in the fair value of investment properties of £350,000 (2022 £100,000) has been included directly in the profit and loss account.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,000 12,000
Other debtors 6,000 6,000
Prepayments 3,206 7,050
21,206 25,050

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 28,599 26,697
Trade creditors 296 -
Corporation tax 17,950 18,931
VAT 4,763 10,211
Directors' current accounts 637,306 669,130
Accrued expenses - 900
688,914 725,869

CPK INVESTMENTS LIMITED (REGISTERED NUMBER: 07150856)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 512,194 542,694

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 540,793 569,391

The Assetz SME Capital Limited hold a 1st legal charge over property of the company and 1st debenture over CPK Investments Limited.

Mr & Mrs Kalar have given a joint & several personal guarantee limited to £150,000.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 101,444 36,057

Deferred
tax
£   
Balance at 1 February 2022 36,057
Provided during year 65,387
Balance at 31 January 2023 101,444

11. RESERVES
Fair
value
reserve
£   
At 1 February 2022 133,782
Revaluation of investment property 283,500

At 31 January 2023 417,282

12. RELATED PARTY DISCLOSURES

Directors' current accounts
Included within creditors due within one year is £637,306 (2022 £669,130) owing to the directors of the company. This loan is deemed to be repayable on demand and no interest has been charged to the company on the amount outstanding.