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Registration number: 04668429

C J P Investments Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 March 2023

 

C J P Investments Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 7

 

C J P Investments Limited

(Registration number: 04668429)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

50,000

50,000

Current assets

 

Debtors

5

52,272

59,967

Cash at bank and in hand

 

709

31,977

 

52,981

91,944

Creditors: Amounts falling due within one year

6

(86,063)

(125,692)

Net current liabilities

 

(33,082)

(33,748)

Net assets

 

16,918

16,252

Capital and reserves

 

Called up share capital

100

100

Retained earnings

16,818

16,152

Shareholders' funds

 

16,918

16,252

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 27 October 2023
 

.........................................
Mr C Peers
Director

 

C J P Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3rd Floor Water Street Business Centre
Water Street
Newcastle
ST5 1TT

These financial statements were authorised for issue by the director on 27 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(i) Value of fixed asset investments - Fixed asset investments are initially recorded at cost and subsequently stated at cost less any accumulated impairment losses.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Impairment

 

C J P Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

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.

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 are largely independent of the cash inflows from other assets or groups of assets.
 

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Financial instruments

Recognition and measurement
A financial asset or financial liability is recognised only when the company 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.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis or similar credit risk characteristics.


 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

C J P Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Investments

2023
£

2022
£

Investments in subsidiaries

50,000

50,000

Subsidiaries

£

Cost or valuation

At 1 April 2022

50,000

Provision

Carrying amount

At 31 March 2023

50,000

At 31 March 2022

50,000

5

Debtors

Current

2023
£

2022
£

Other debtors

52,272

59,967

 

C J P Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

-

90

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

83,346

125,002

Taxation and social security

 

1,342

-

Accruals and deferred income

 

1,375

600

 

86,063

125,692

7

Related party transactions

All transactions undertaken with related parties were under normal market conditions and/or not material.

All transactions undertaken with companies in which this company has a participating interest are deemed to be conducted under normal market conditions.

The company has taken advantage of the exemption from the disclosures required by paragraph 33.1A of Financial Reporting Standard 102 regarding transactions between fellow group companies.

 

C J P Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Transactions with the director

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Directors Loan

(19,683)

(38,897)

27,976

(30,604)

         
       

 

2022

At 1 April 2021
£

Advances to director
£

Repayments by director
£

At 31 March 2022
£

Directors Loan

(67,789)

(26,595)

74,701

(19,683)

         
       

 

 

C J P Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

8

Non adjusting events after the financial period

There were no material events up to the date of approval of the financial statements by the board.