Silverfin false false 31/08/2023 01/09/2022 31/08/2023 Peter Edward Lyons 04/06/2023 22/08/2005 Christopher James Taylor 02/04/2018 07 March 2024 The principal activity of the company in the year under review was that of law and legal training. 05542032 2023-08-31 05542032 bus:Director1 2023-08-31 05542032 bus:Director2 2023-08-31 05542032 2022-08-31 05542032 core:CurrentFinancialInstruments 2023-08-31 05542032 core:CurrentFinancialInstruments 2022-08-31 05542032 core:ShareCapital 2023-08-31 05542032 core:ShareCapital 2022-08-31 05542032 core:RetainedEarningsAccumulatedLosses 2023-08-31 05542032 core:RetainedEarningsAccumulatedLosses 2022-08-31 05542032 core:OtherPropertyPlantEquipment 2022-08-31 05542032 core:OtherPropertyPlantEquipment 2023-08-31 05542032 bus:OrdinaryShareClass1 2023-08-31 05542032 2022-09-01 2023-08-31 05542032 bus:FilletedAccounts 2022-09-01 2023-08-31 05542032 bus:SmallEntities 2022-09-01 2023-08-31 05542032 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 05542032 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 05542032 bus:Director1 2022-09-01 2023-08-31 05542032 bus:Director2 2022-09-01 2023-08-31 05542032 core:OtherPropertyPlantEquipment 2022-09-01 2023-08-31 05542032 2021-09-01 2022-08-31 05542032 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 05542032 bus:OrdinaryShareClass1 2021-09-01 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05542032 (England and Wales)

CPD TRAINING (UK) LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2023
Pages for filing with the registrar

CPD TRAINING (UK) LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2023

Contents

CPD TRAINING (UK) LIMITED

COMPANY INFORMATION

For the financial year ended 31 August 2023
CPD TRAINING (UK) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 August 2023
DIRECTOR Christopher James Taylor
SECRETARY Christopher James Taylor
REGISTERED OFFICE 18 Northgate
Sleaford
Lincolnshire
NG34 7BJ
United Kingdom
BUSINESS ADDRESS 52 Scarcroft Road
York
North Yorkshire
YO23 1NF
COMPANY NUMBER 05542032 (England and Wales)
ACCOUNTANT Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ
CPD TRAINING (UK) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 August 2023
CPD TRAINING (UK) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 August 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,874 2,205
Investment property 4 745,000 520,000
746,874 522,205
Current assets
Debtors 5 28,167 46,418
Cash at bank and in hand 231,608 304,065
259,775 350,483
Creditors: amounts falling due within one year 6 ( 89,970) ( 88,785)
Net current assets 169,805 261,698
Total assets less current liabilities 916,679 783,903
Provision for liabilities ( 33,478) ( 17,431)
Net assets 883,201 766,472
Capital and reserves
Called-up share capital 7 1,000 1,000
Profit and loss account 9 882,201 765,472
Total shareholder's funds 883,201 766,472

For the financial year ending 31 August 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 financial statements of CPD Training (UK) Limited (registered number: 05542032) were approved and authorised for issue by the Director on 07 March 2024. They were signed on its behalf by:

Christopher James Taylor
Director
CPD TRAINING (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
CPD TRAINING (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

CPD Training (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 18 Northgate, Sleaford, Lincolnshire, NG34 7BJ, United Kingdom. The principal place of business is 52 Scarcroft Road, York, North Yorkshire, YO23 1NF.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 15 % reducing balance
Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 September 2022 6,611 6,611
At 31 August 2023 6,611 6,611
Accumulated depreciation
At 01 September 2022 4,406 4,406
Charge for the financial year 331 331
At 31 August 2023 4,737 4,737
Net book value
At 31 August 2023 1,874 1,874
At 31 August 2022 2,205 2,205

4. Investment property

Investment property
£
Valuation
As at 01 September 2022 520,000
Additions 182,510
Fair value movement 42,490
As at 31 August 2023 745,000

Valuation

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss

5. Debtors

2023 2022
£ £
Trade debtors 10,380 10,849
Other debtors 17,787 35,569
28,167 46,418

6. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 44,760 50,955
Other creditors 45,210 37,830
89,970 88,785

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000

8. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Balance outstanding at start of year 18,995 20,787
Amounts advanced 77,164 82,775
Amounts repaid (81,528) (84,567)
Balance outstanding at end of year 14,631 18,995

Interest is charged on the overdrawn directors loan accounts at the official rate where applicable. The loans made to the directors are unsecured and repayable on demand.

9. Reserves

Included within reserves are non distributable reserves of £99,028 (2022: £72,525) in relation to the revaluation of the investment properties.