IRIS Accounts Production v24.1.0.578 04573815 Board of Directors 1.11.22 31.10.23 31.10.23 22.4.24 true true false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045738152022-10-31045738152023-10-31045738152022-11-012023-10-31045738152021-10-31045738152021-11-012022-10-31045738152022-10-3104573815ns15:EnglandWales2022-11-012023-10-3104573815ns14:PoundSterling2022-11-012023-10-3104573815ns10:Director12022-11-012023-10-3104573815ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3104573815ns10:SmallEntities2022-11-012023-10-3104573815ns10:Audited2022-11-012023-10-3104573815ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3104573815ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3104573815ns10:FullAccounts2022-11-012023-10-3104573815ns10:OrdinaryShareClass12022-11-012023-10-3104573815ns10:Director22022-11-012023-10-3104573815ns10:RegisteredOffice2022-11-012023-10-3104573815ns5:CurrentFinancialInstruments2023-10-3104573815ns5:CurrentFinancialInstruments2022-10-3104573815ns5:ShareCapital2023-10-3104573815ns5:ShareCapital2022-10-3104573815ns5:RetainedEarningsAccumulatedLosses2023-10-3104573815ns5:RetainedEarningsAccumulatedLosses2022-10-3104573815ns5:CostValuation2022-10-3104573815ns5:AdditionsToInvestments2023-10-3104573815ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-3104573815ns5:CostValuation2023-10-3104573815ns5:Subsidiary12022-11-012023-10-3104573815ns5:Subsidiary112022-11-012023-10-3104573815ns5:Subsidiary22022-11-012023-10-31045738153ns5:Subsidiary22022-11-012023-10-3104573815ns5:Subsidiary32022-11-012023-10-3104573815ns5:Subsidiary352022-11-012023-10-3104573815ns5:Subsidiary42022-11-012023-10-31045738157ns5:Subsidiary42022-11-012023-10-3104573815ns5:Subsidiary52022-11-012023-10-31045738159ns5:Subsidiary52022-11-012023-10-3104573815ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3104573815ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3104573815ns10:OrdinaryShareClass12023-10-310457381512022-11-012023-10-31
REGISTERED NUMBER: 04573815 (England and Wales)










Financial Statements

For The Year Ended 31 October 2023

for

C F R Group Services Limited

C F R Group Services Limited (Registered number: 04573815)






Contents of the Financial Statements
For The Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


C F R Group Services Limited

Company Information
For The Year Ended 31 October 2023







DIRECTORS: I R Henderson
P S Roberts





REGISTERED OFFICE: Barrington House
Kingsditch Lane
Cheltenham
Gloucestershire
GL51 9NN





REGISTERED NUMBER: 04573815 (England and Wales)





AUDITORS: Kingscott Dix Limited
Chartered Accountants
and Statutory Auditor
Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN

C F R Group Services Limited (Registered number: 04573815)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 50,302 50,202

CURRENT ASSETS
Debtors 5 1,113,476 1,025,048
Cash at bank 63,903 223,704
1,177,379 1,248,752
CREDITORS
Amounts falling due within one year 6 235,737 590,172
NET CURRENT ASSETS 941,642 658,580
TOTAL ASSETS LESS CURRENT
LIABILITIES

991,944

708,782

CAPITAL AND RESERVES
Called up share capital 7 100,000 100,000
Retained earnings 891,944 608,782
SHAREHOLDERS' FUNDS 991,944 708,782

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 19 April 2024 and were signed on its behalf by:





P S Roberts - Director


C F R Group Services Limited (Registered number: 04573815)

Notes to the Financial Statements
For The Year Ended 31 October 2023

1. STATUTORY INFORMATION

C F R Group Services 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.

Preparation of consolidated financial statements
The financial statements contain information about C F R Group Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, CFR Investments Limited, The Grange Pencoyd, St. Owens Cross, Hereford, Herefordshire, HR2 8JY.

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 in respect of management charges received from subsidiary undertakings is recognised on a straight-line accruals basis and represents the recharge of costs incurred.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment to fair value.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

C F R Group Services Limited (Registered number: 04573815)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Basic financial assets
Basic financial assets, which include other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including other creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year. If not, they are presented as creditors falling due after more than one year. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.


C F R Group Services Limited (Registered number: 04573815)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022 50,202
Additions 88,500
Impairments (88,400 )
At 31 October 2023 50,302
NET BOOK VALUE
At 31 October 2023 50,302
At 31 October 2022 50,202

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

C F Roberts (Electrical Contractors) Limited
Registered office: England and Wales
Nature of business:
%
Class of shares: holding
Ordinary 100.00

C F R Group Services Limited (Registered number: 04573815)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2023

4. FIXED ASSET INVESTMENTS - continued

C F Roberts (FM) Limited
Registered office: England and Wales
Nature of business:
%
Class of shares: holding
Ordinary 100.00

Marbid Partnership Limited
Registered office: England and Wales
Nature of business:
%
Class of shares: holding
Ordinary 100.00

Strebor Fire & Security Systems Limited
Registered office: England and Wales
Nature of business:
%
Class of shares: holding
Ordinary 100.00

Mirari Support Services Limited
Registered office: England and Wales
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

Mirari Support Services Limited was purchased in November 2022.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Amounts owed by group undertakings 238,428 -
Other debtors 875,048 1,025,048
1,113,476 1,025,048

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Amounts owed to group undertakings - 342,155
Taxation and social security 10,737 23,017
Other creditors 225,000 225,000
235,737 590,172

C F R Group Services Limited (Registered number: 04573815)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100,000 Ordinary 1 100,000 100,000

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Morgan (Senior Statutory Auditor)
for and on behalf of Kingscott Dix Limited

9. RELATED PARTY DISCLOSURES

Entities over which the company has control, joint control or significant influence:

31.10.23 31.10.22
£ £
Amounts due from related party - 150,000
Provision against amounts due from related party - 100,000

Related parties where directors have significant influence
31.10.23 31.10.22
£ £
Management charges paid - 669,528
Other charges received - 1,153
Amounts due from related party 875,048 875,048
Amounts due to related party (225,000 ) (225,000 )

No balance was due from a director as at 31 October 2023 or 2022.


10. POST BALANCE SHEET EVENTS

During the financial year, the company purchased Mirari Support Services Limited and its 100% trading subsidiary Antony Grice (Plumbing & Heating) Limited. On 15 January 2024, management placed Antony Grice (Plumbing & Heating) Limited into voluntary liquidation.

Due to these events, as at 31 October 2023 the investment in Mirari Group was impaired by £88,400 and the intercompany balance due from Mirari group was written off totalling £280,211.

11. ULTIMATE CONTROLLING PARTY

The company's immediate parent is CFR Investments Limited, a company incorporated in England and Wales.