Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31true2022-02-01falseNo description of principal activity00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10426585 2022-02-01 2023-01-31 10426585 2021-02-01 2022-01-31 10426585 2023-01-31 10426585 2022-01-31 10426585 c:Director1 2022-02-01 2023-01-31 10426585 c:Director1 2023-01-31 10426585 c:Director2 2022-02-01 2023-01-31 10426585 c:Director2 2023-01-31 10426585 c:Director3 2022-02-01 2023-01-31 10426585 c:Director3 2023-01-31 10426585 c:Director4 2022-02-01 2023-01-31 10426585 c:Director4 2023-01-31 10426585 c:Director5 2022-02-01 2023-01-31 10426585 c:RegisteredOffice 2022-02-01 2023-01-31 10426585 d:CurrentFinancialInstruments 2023-01-31 10426585 d:CurrentFinancialInstruments 2022-01-31 10426585 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 10426585 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 10426585 d:ShareCapital 2023-01-31 10426585 d:ShareCapital 2022-01-31 10426585 d:SharePremium 2023-01-31 10426585 d:SharePremium 2022-01-31 10426585 d:RetainedEarningsAccumulatedLosses 2023-01-31 10426585 d:RetainedEarningsAccumulatedLosses 2022-01-31 10426585 c:FRS102 2022-02-01 2023-01-31 10426585 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 10426585 c:FullAccounts 2022-02-01 2023-01-31 10426585 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure
Company registration number: 10426585







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2023


CP PARFUMS LIMITED






































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CP PARFUMS LIMITED
 


 
COMPANY INFORMATION


Directors
D A Crisp (resigned 11 October 2023)
D V Garofalo (appointed 11 October 2023)
D B Fisher (appointed 11 October 2023)
S Diederich (appointed 11 October 2023)
Valorem Capital One Limited 




Registered number
10426585



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Trading Address
Unit 1 Quadrant Court
Crossways Business Park

Greenhithe

Kent

DA9 9AY






Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


CP PARFUMS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 4


 


CP PARFUMS LIMITED
REGISTERED NUMBER:10426585



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
53,978
185,105

Debtors: amounts falling due within one year
 4 
21,307
42,074

Cash at bank and in hand
  
2,296
2,615

  
77,581
229,794

Creditors: amounts falling due within one year
 5 
(17,661)
(46,087)

Net current assets
  
 
 
59,920
 
 
183,707

Total assets less current liabilities
  
59,920
183,707

  

Net assets
  
59,920
183,707


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Share premium account
  
99,000
99,000

Profit and loss account
  
(40,080)
83,707

  
59,920
183,707


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


D V Garofalo
D B Fisher
Director
Director


Date: 16 April 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


CP PARFUMS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

CP Parfums Limited is a private company limited by shares, incorporated in England & Wales under the Companies Act 2006, registration number 10426585. 
The address of the registered office is Lynton House, 7-12 Tavistock Square, London, United Kingdom, WC1H 9LT. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 2

 


CP PARFUMS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

  
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Debtors

2023
2022
£
£


Trade debtors
11,267
33,625

Amounts owed by other participating interests
8,330
2,676

Other debtors
1,710
5,773

21,307
42,074



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
5,006

Amounts owed to other participating interests
4,658
19,984

Corporation tax
-
10,563

Other creditors
6,384
6,384

Accruals and deferred income
6,619
4,150

17,661
46,087


Page 3

 


CP PARFUMS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

6.


Related party transactions

At the period end there were loans due to owners holding a participating interest of £6,384 (2022: £6,384). The balances are interest free and repayable on demand. 

 
Page 4