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REGISTERED NUMBER: 05885194 (England and Wales)















CP Plus Holdings Limited

Financial Statements

for the Year Ended 30 June 2023






CP Plus Holdings Limited (Registered number: 05885194)

Contents of the Financial Statements
for the year ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CP Plus Holdings Limited

Company Information
for the year ended 30 June 2023







Directors: E A Green
I S Langdon





Secretary: E A Green





Registered office: Jack Straw's Castle
12 North End Way
London
NW3 7ES





Registered number: 05885194 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

CP Plus Holdings Limited (Registered number: 05885194)

Balance Sheet
30 June 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 - -
Investments 5 7,357,535 8,390,385
Investment property 6 1,528,000 1,610,000
8,885,535 10,000,385

Current assets
Debtors 7 6,408,744 6,714,416
Cash at bank 767,715 835,343
7,176,459 7,549,759
Creditors
Amounts falling due within one year 8 5,495,858 5,234,150
Net current assets 1,680,601 2,315,609
Total assets less current liabilities 10,566,136 12,315,994

Provisions for liabilities 9 21,466 176,109
Net assets 10,544,670 12,139,885

Capital and reserves
Called up share capital 10 75,000 75,000
Share premium 11 10,659,500 10,659,500
Capital redemption reserve 11 37,500 37,500
Retained earnings 11 (227,330 ) 1,367,885
Shareholders' funds 10,544,670 12,139,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2023 and were signed on its behalf by:



E A Green - Director


CP Plus Holdings Limited (Registered number: 05885194)

Notes to the Financial Statements
for the year ended 30 June 2023


1. Statutory information

CP Plus Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05885194 and registered office address is 10 Flask Walk, London, NW3 1HE.

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.

Preparation of consolidated financial statements
The financial statements contain information about CP Plus Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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
Revenue relates to rent receivable and is recognised in the period to which it relates.

Tangible fixed assets
Tangible fixed assets other than freehold property are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures and fittings 33% straight line

Investments in subsidiaries
Investments comprising shares in group undertakings and unlisted investments are recognised at fair value.

Investment property
Investment properties are included in the balance sheet at their open market value in accordance with Financial Reporting Standard 102 and are not depreciated. This treatment is contrary to the Companies' Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

CP Plus Holdings Limited (Registered number: 05885194)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Debtors and creditors are measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Going concern
The directors consider the going concern basis to be appropriate because in their opinion the company will continue to obtain sufficient funding from a related company on whom it is dependent to enable it to pay its debts as they fall due. The related company has indicated that it will provide such support for the foreseeable future.

3. Employees and directors

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

4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 July 2022 7,759
Disposals (7,759 )
At 30 June 2023 -
Depreciation
At 1 July 2022 7,759
Eliminated on disposal (7,759 )
At 30 June 2023 -
Net book value
At 30 June 2023 -
At 30 June 2022 -

5. Fixed asset investments
Shares in
group Listed Unlisted
undertakings investments investments Totals
£ £ £ £
Cost or valuation
At 1 July 2022 465,637 4,036,533 3,888,215 8,390,385
Additions - 846,657 - 846,657
Disposals - (871,179 ) - (871,179 )
Revaluations - (1,008,328 ) - (1,008,328 )
At 30 June 2023 465,637 3,003,683 3,888,215 7,357,535
Net book value
At 30 June 2023 465,637 3,003,683 3,888,215 7,357,535
At 30 June 2022 465,637 4,036,533 3,888,215 8,390,385

CP Plus Holdings Limited (Registered number: 05885194)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


5. Fixed asset investments - continued

Investments comprising shares in group undertakings and unlisted investments are recognised at cost and listed investments are recognised at fair value.

6. Investment property
Total
£
Fair value
At 1 July 2022 1,610,000
Revaluations (82,000 )
At 30 June 2023 1,528,000
Net book value
At 30 June 2023 1,528,000
At 30 June 2022 1,610,000

Fair value at 30 June 2023 is represented by:
£
Valuation in 2017 (71,411 )
Valuation in 2018 35,000
Valuation in 2021 (224,500 )
Valuation in 2022 219,500
Valuation in 2023 (82,000 )
Cost 1,651,411
1,528,000

7. Debtors: amounts falling due within one year
2023 2022
£ £
Amounts owed by group undertakings 156,071 26,071
Other debtors 6,252,673 6,688,345
6,408,744 6,714,416

8. Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors 5,495,858 5,234,150

9. Provisions for liabilities
2023 2022
£ £
Deferred tax
On fair value gains 21,466 176,109

Deferred tax
£
Balance at 1 July 2022 176,109
Provided during year (154,643 )
Balance at 30 June 2023 21,466

CP Plus Holdings Limited (Registered number: 05885194)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
750,000 Ordinary £0.10 75,000 75,000

11. Reserves
Capital
Retained Share redemption
earnings premium reserve Totals
£ £ £ £

At 1 July 2022 1,367,885 10,659,500 37,500 12,064,885
Deficit for the year (1,595,215 ) (1,595,215 )
At 30 June 2023 (227,330 ) 10,659,500 37,500 10,469,670

Included within retained earnings at the year end are non distributable profits of £718,251 (2022: £1,653,936), relating to the fair value revaluations of investments.