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REGISTERED NUMBER: 05818267










Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 May 2023

for

1 CSG Limited

1 CSG Limited (Registered number: 05818267)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5

Chartered Accountants' Report 10

1 CSG Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: C S Gordon
D B Gordon
Mrs H Gordon





SECRETARY: Mrs H Gordon





REGISTERED OFFICE: 3 Enterprise House
8 Essex Road
Dartford
Kent
DA1 2AU





REGISTERED NUMBER: 05818267





ACCOUNTANTS: SADLER FOGARTY SERVICES LTD
T/AS Sadler Davies & Co
Chartered Accountants
3 Enterprise House
8 Essex Road
Dartford
Kent
DA1 2AU

1 CSG Limited (Registered number: 05818267)

Report of the Directors
for the Year Ended 31 May 2023

The directors present their report with the financial statements of the company for the year ended 31 May 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Image rights and related activities including property investment.

DIVIDENDS
Interim dividends per share were paid during the year as follows:
B £1 - £10400 - 31 March 2023
C £1 - £23485 - 31 March 2023

The total distribution of dividends for the year ended 31 May 2023 will be £ 44,285 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2022 to the date of this report.

C S Gordon
D B Gordon
Mrs H Gordon

ON BEHALF OF THE BOARD:





Mrs H Gordon - Secretary


29 January 2024

1 CSG Limited (Registered number: 05818267)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 101 126
Investment property 6 2,335,000 2,335,000
2,335,101 2,335,126

CURRENT ASSETS
Debtors 7 44,500 44,500
Investments 8 - 425,130
Cash at bank and in hand 414,297 71,896
458,797 541,526
CREDITORS
Amounts falling due within one year 9 429,864 459,563
NET CURRENT ASSETS 28,933 81,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,364,034

2,417,089

CREDITORS
Amounts falling due after more than
one year

10

(657,119

)

(672,507

)

PROVISIONS FOR LIABILITIES 11 (92,113 ) (132,746 )
NET ASSETS 1,614,802 1,611,836

1 CSG Limited (Registered number: 05818267)

Balance Sheet - continued
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 5 5
Revaluation reserve 13 368,531 545,433
Retained earnings 13 1,246,266 1,066,398
SHAREHOLDERS' FUNDS 1,614,802 1,611,836

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2024 and were signed on its behalf by:





C S Gordon - Director


1 CSG Limited (Registered number: 05818267)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

1 CSG Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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 accounts have been prepared in accordance with FRS 102. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
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.

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


1 CSG Limited (Registered number: 05818267)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

3. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 June 2022
and 31 May 2023 1,024
DEPRECIATION
At 1 June 2022 898
Charge for year 25
At 31 May 2023 923
NET BOOK VALUE
At 31 May 2023 101
At 31 May 2022 126

1 CSG Limited (Registered number: 05818267)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 2,335,000
NET BOOK VALUE
At 31 May 2023 2,335,000
At 31 May 2022 2,335,000

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2016 25,627
Valuation in 2017 432,000
Valuation in 2019 3,000
Cost 1,874,373
2,335,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.5.23 31.5.22
£    £   
Cost 1,874,373 1,874,373

Investment properties were valued on an open market basis on 31 May 2017 by Fergusson Law .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.23 31.5.22
£    £   
Trade debtors 44,500 44,500

8. CURRENT ASSET INVESTMENTS
31.5.23 31.5.22
£    £   
Listed investments - 425,130

1 CSG Limited (Registered number: 05818267)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.23 31.5.22
£    £   
Taxation and social security 48,171 8,003
Other creditors 381,693 451,560
429,864 459,563

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.5.23 31.5.22
£    £   
Other creditors 657,119 672,507

Amounts falling due in more than five years:

Repayable by instalments
157 M-side, 1 Leven B, 23 LivB 387,735 387,735
Loan- 82 Mansefield 118,597 118,597
Loan- 120a Fauldburn 110,000 110,000
616,332 616,332

11. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax
Accelerated capital allowances 18 21
Deferred tax on revaluation 92,095 132,725
92,113 132,746

1 CSG Limited (Registered number: 05818267)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2022 132,746
Credit to Statement of Income and Retained Earnings during
year

(4

)
Property revaluation
Disposal of investments (40,629 )
Balance at 31 May 2023 92,113

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
2 A £1 2 2
2 B £1 2 2
1 C £1 1 1
5 5

13. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 June 2022 1,066,398 545,433 1,611,831
Profit for the year 224,153 224,153
Dividends (44,285 ) (44,285 )
Non distributable revaluation - (176,902 ) (176,902 )
At 31 May 2023 1,246,266 368,531 1,614,797

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
1 CSG Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 1 CSG Limited for the year ended 31 May 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of 1 CSG Limited, as a body, in accordance with the terms of our engagement letter dated 21 May 2007. Our work has been undertaken solely to prepare for your approval the financial statements of 1 CSG Limited and state those matters that we have agreed to state to the Board of Directors of 1 CSG Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 1 CSG Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that 1 CSG Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 1 CSG Limited. You consider that 1 CSG Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of 1 CSG Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






SADLER FOGARTY SERVICES LTD
T/AS Sadler Davies & Co
Chartered Accountants
3 Enterprise House
8 Essex Road
Dartford
Kent

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
1 CSG Limited

DA1 2AU


29 January 2024