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COMPANY REGISTRATION NUMBER: 12300324
Corsair Group Ltd
Filleted Unaudited Financial Statements
31 December 2022
Corsair Group Ltd
Statement of Financial Position
31 December 2022
2022
2021
Note
£
£
Fixed assets
Investments
5
9,000,538
9,000,538
Current assets
Cash at bank and in hand
50,080
50,307
Creditors: amounts falling due within one year
6
869,624
2,119,851
---------
------------
Net current liabilities
819,544
2,069,544
------------
------------
Total assets less current liabilities
8,180,994
6,930,994
------------
------------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
8,179,994
6,929,994
------------
------------
Shareholders funds
8,180,994
6,930,994
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 20 September 2023 , and are signed on behalf of the board by:
G Pringle
Director
Company registration number: 12300324
Corsair Group Ltd
Notes to the Financial Statements
Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2, 32-34 Station Close, Potters Bar, Herts, EN6 1TL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2021: 2 ).
5. Investments
Shares in group undertakings
£
Cost
At 1 January 2022 and 31 December 2022
9,000,538
------------
Impairment
At 1 January 2022 and 31 December 2022
------------
Carrying amount
At 31 December 2022
9,000,538
------------
At 31 December 2021
9,000,538
------------
The investment relates to the 100% holding in the ordinary shares of Corsair Holdings Ltd, which operates in the toiletries sector, and trades and operates in England.
6. Creditors: amounts falling due within one year
2022
2021
£
£
Other creditors
869,624
2,119,851
---------
------------
7. Controlling party
The company is controlled by O & G Pringle throughout the year.