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REGISTERED NUMBER: 12312781 (England and Wales)















CG Capital Holdings Ltd

Unaudited Financial Statements for the Year Ended 31 December 2023






CG Capital Holdings Ltd (Registered number: 12312781)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CG Capital Holdings Ltd

Company Information
for the year ended 31 December 2023







DIRECTORS: G Collins
C Collins





REGISTERED OFFICE: One New Street
Wells
Somerset
BA5 2LA





REGISTERED NUMBER: 12312781 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
Accountants and Business Advisers
One New Street
Wells
Somerset
BA5 2LA

CG Capital Holdings Ltd (Registered number: 12312781)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 3 753,750 753,750

CURRENT ASSETS
Debtors 4 59,206 -
Cash at bank and in hand 319 1,267
59,525 1,267
CREDITORS
Amounts falling due within one year 5 508,596 451,770
NET CURRENT LIABILITIES (449,071 ) (450,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,679

303,247

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 304,677 303,245
SHAREHOLDERS' FUNDS 304,679 303,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2024 and were signed on its behalf by:





G Collins - Director


CG Capital Holdings Ltd (Registered number: 12312781)

Notes to the Financial Statements
for the year ended 31 December 2023

1. 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.

Preparation of consolidated financial statements
The financial statements contain information about CG Capital Holdings Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CG Capital Holdings Ltd (Registered number: 12312781)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

3. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 January 2023
and 31 December 2023 753,750
NET BOOK VALUE
At 31 December 2023 753,750
At 31 December 2022 753,750

The company's investments at the Balance Sheet date in the share capital of companies include the following:

P J Aiken Limited
Registered office: One New Street, Wells, Somerset, BA5 2LA
Nature of business: Independent financial advisers
%
Class of shares: holding
Ordinary A 100.00
Ordinary B 100.00
2023 2022
£    £   
Aggregate capital and reserves 602,304 444,338
Profit for the year 444,186 289,114

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 59,206 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 52,699
Amounts owed to group undertakings 508,596 398,811
Other creditors - 260
508,596 451,770

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 1 1
1 Ordinary A 1 1 1
2 2

CG Capital Holdings Ltd (Registered number: 12312781)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
G Collins and C Collins
Balance outstanding at start of year - -
Amounts advanced 59,324 -
Amounts repaid (310 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 59,014 -

Interest has been charged on the loan balance at HMRC rates. The loan was repaid post year end.