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REGISTERED NUMBER: 03481787 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

C.P.U. GROUP LIMITED

C.P.U. GROUP LIMITED (REGISTERED NUMBER: 03481787)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


C.P.U. GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: M G Caviet
G J Parker
G Gregory
N J Caviet
T M Caviet





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 03481787 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

C.P.U. GROUP LIMITED (REGISTERED NUMBER: 03481787)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,500,000 1,500,000
Tangible assets 5 1,752 676
Investments 6 22,000 22,000
1,523,752 1,522,676

CURRENT ASSETS
Debtors 7 19,159 11,002
Cash at bank and in hand 39,544 218,039
58,703 229,041
CREDITORS
Amounts falling due within one year 8 64,322 110,407
NET CURRENT (LIABILITIES)/ASSETS (5,619 ) 118,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,518,133

1,641,310

CREDITORS
Amounts falling due after more than one year 9 33,173 41,667
NET ASSETS 1,484,960 1,599,643

CAPITAL AND RESERVES
Called up share capital 10 1,452 1,452
Share premium 169,728 169,728
Revaluation reserve 11 1,428,639 1,428,639
Retained earnings (114,859 ) (176 )
SHAREHOLDERS' FUNDS 1,484,960 1,599,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

C.P.U. GROUP LIMITED (REGISTERED NUMBER: 03481787)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:





G Gregory - Director


C.P.U. GROUP LIMITED (REGISTERED NUMBER: 03481787)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

C.P.U. Group 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.

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.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

TURNOVER
Income from licencing of Genie is recognised for the period to which the licence relates. Earnings from processing direct debits and commission from insurance is recognised as received over the life of the agreements, often over a period of upto 36 months.

INTANGIBLE ASSETS
Intangible assets are carried at fair value being the revalued amount less any subsequent accumulated amortisation and impairment losses. An annual review has been carried out by the directors. The carrying amount is the same as residual value, hence no amortisation is charged.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
At 1 January 2022
and 31 December 2022 1,500,000
NET BOOK VALUE
At 31 December 2022 1,500,000
At 31 December 2021 1,500,000

C.P.U. GROUP LIMITED (REGISTERED NUMBER: 03481787)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. INTANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2022 is represented by:

Other
intangible
assets
£   
Valuation in 2022 1,428,639
Cost 71,361
1,500,000

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2022 5,052
Additions 2,121
At 31 December 2022 7,173
DEPRECIATION
At 1 January 2022 4,376
Charge for year 1,045
At 31 December 2022 5,421
NET BOOK VALUE
At 31 December 2022 1,752
At 31 December 2021 676

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2022
and 31 December 2022 22,000
NET BOOK VALUE
At 31 December 2022 22,000
At 31 December 2021 22,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 15,373 5,973
Other debtors 3,786 5,029
19,159 11,002

C.P.U. GROUP LIMITED (REGISTERED NUMBER: 03481787)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 9,687 8,333
Trade creditors 32,661 74,224
Amounts owed to group undertakings 4,973 8,031
Taxation and social security 3,771 2,120
Other creditors 13,230 17,699
64,322 110,407

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 33,173 41,667

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1,452 ordinary 1 1,452 1,452

11. RESERVES
Revaluation
reserve
£   
At 1 January 2022
and 31 December 2022 1,428,639

12. RELATED PARTY DISCLOSURES

Included in debtors falling due within one year, is an interest free amount of £15,373 (2021: £5,973) due from Accuro Insurance Agents EU Ltd, a company with mutual directors.

Included in creditors falling due within one year, is an interest free amount of £4,973 (2021: £8,031) due to Accuro Risk Management Ltd, a subsidiary company.