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COMPANY REGISTRATION NUMBER: 11424402
C F E Holdings Limited
Filleted Unaudited Financial Statements
31 March 2023
C F E Holdings Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
200,000
200,000
Current assets
Debtors
5
181,906
189,709
Creditors: amounts falling due within one year
6
178,078
178,033
---------
---------
Net current assets
3,828
11,676
---------
---------
Total assets less current liabilities
203,828
211,676
---------
---------
Net assets
203,828
211,676
---------
---------
Capital and reserves
Called up share capital
7
102
100
Profit and loss account
203,726
211,576
---------
---------
Shareholders funds
203,828
211,676
---------
---------
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 comprehensive income has not been delivered.
For the year ending 31 March 2023 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 18 October 2023 , and are signed on behalf of the board by:
Mr J Ensell
Director
Company registration number: 11424402
C F E Holdings Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3b Swallowfield Courtyard, Wolverhampton Road, Oldbury, B69 2JG.
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 and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Investments
Shares in group undertakings
£
Cost
At 1 April 2022 and 31 March 2023
200,000
---------
Impairment
At 1 April 2022 and 31 March 2023
---------
Carrying amount
At 31 March 2023
200,000
---------
At 31 March 2022
200,000
---------
5. Debtors
2023
2022
£
£
Amounts owed by group undertakings
181,906
181,544
Other debtors
8,165
---------
---------
181,906
189,709
---------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
750
750
Director loan accounts
45
Amounts due to related parties
177,283
177,283
---------
---------
178,078
178,033
---------
---------
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
A Ordinary shares of £ 1 each
2
2
----
----
----
----
102
102
100
100
----
----
----
----
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr J Ensell
8,165
12,180
( 20,390)
( 45)
-------
--------
--------
----
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr J Ensell
14,253
3,912
( 10,000)
8,165
--------
-------
--------
-------
9. Related party transactions
At the year end there was a a balance owed to family member, Colin Ensell, of £177,682 (2022: £177,682).