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Registered number: 09922326













COMMUNICATIONS INFRASTRUCTURE NETWORKS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
COMMUNICATIONS INFRASTRUCTURE NETWORKS LIMITED
 

COMPANY INFORMATION


DIRECTOR
A. J. Smatt 
B. Bloomfield 




REGISTERED NUMBER
09922326



REGISTERED OFFICE
16 Wetherby Gardens

London

SW5 0JP





 
COMMUNICATIONS INFRASTRUCTURE NETWORKS LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
COMMUNICATIONS INFRASTRUCTURE NETWORKS LIMITED
REGISTERED NUMBER: 09922326

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
922
1,230

CURRENT ASSETS
  

Stocks
 5 
-
42,193

Debtors
 6 
44,558
34,300

Cash at bank and in hand
  
2,106
17,068

  
46,664
93,561

Creditors: amounts falling due within one year
 7 
(2,817,958)
(2,252,592)

NET CURRENT LIABILITIES
  
 
 
(2,771,294)
 
 
(2,159,031)

  

NET LIABILITIES
  
(2,770,372)
(2,157,801)


CAPITAL AND RESERVES
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
(2,770,472)
(2,157,901)

EQUITY SHAREHOLDERS' DEFICIT
  
(2,770,372)
(2,157,801)


Page 1

 
COMMUNICATIONS INFRASTRUCTURE NETWORKS LIMITED
REGISTERED NUMBER: 09922326

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 Director's Report and the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies' regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 
29 July 2024.




A. J. Smatt
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
COMMUNICATIONS INFRASTRUCTURE NETWORKS LIMITED
 

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

1.


GENERAL INFORMATION

Communications Infrastructure Networks Limited (Company number: 09922326), having its registered office at 16 Wetherby Gardens, London, SW5 0JP, is a private limited company incorporated in England and Wales. The Company's principal place of business is 90 Westbourne Grove, Paddington, London, W2 5RT.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

STATEMENT OF CASH FLOWS

The Company has taken advantage of the exemption in Financial Reporting Standard 102, section 1A.7 from the requirement to produce a Statement of Cash Flows on the grounds that it is a small company.

 
2.3

GOING CONCERN

At the year end the Company had net liabilities of £2,770,372 (2022: £2,157,801) and incurred a loss of £612,571 (2022: £307,277).
The Company is dependent on the support of its parent, Coldharbour Holdings Ltd and its shareholder. The directors anticipate that this support will continue for at least 12 months from approval of the financial statements and for this reason the directors feels it is appropriate to prepare accounts on a going concern basis.

 
2.4

PENSIONS

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
COMMUNICATIONS INFRASTRUCTURE NETWORKS LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)


2.5
TANGIBLE FIXED ASSETS (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

STOCKS (WORK IN PROGRESS)

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. Work in progress and finished goods include labour and attributable overheads.

At each Balance Sheet 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 the Statement of Income and Retained Earnings.

  
2.7

DEBTORS

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

CASH

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

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 and loans to related parties.
Debt instruments that are payable and receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount an best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date.

 
2.10

CREDITORS

Short-term creditors are measured at the transaction price. 

Page 4

 
COMMUNICATIONS INFRASTRUCTURE NETWORKS LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

  
2.11

TAXATION

Tax is recognised in the Statement of Income and Retained Earnings.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax
allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of
business combinations, when deferred tax is recognised on the differences between the fair values of
assets acquired and the future tax deductions available for them and the differences between the fair
values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 3 (2022 - 2).


4.


TANGIBLE FIXED ASSETS





Office equipment

£



Cost


At 1 January 2023 and 31 December 2023
2,187



Depreciation


At 1 January 2023
957


Charge for the year on owned assets
308



At 31 December 2023

1,265



Net book value



At 31 December 2023
922



At 31 December 2022
1,230

Page 5

 
COMMUNICATIONS INFRASTRUCTURE NETWORKS LIMITED
 

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

5.


STOCKS

2023
2022
£
£

Work in progress
-
42,193



6.


DEBTORS

2023
2022
£
£

Due within one year

Amounts owed by group undertakings
9,730
9,730

Other debtors
29,726
22,919

Prepayments and accrued income
5,102
1,651

44,558
34,300



7.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Trade creditors
119,437
109,925

Amounts owed to group undertakings
2,695,348
2,137,152

Corporation tax
-
2,968

Other creditors
723
222

Accruals and deferred income
2,450
2,325

2,817,958
2,252,592



8.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £Nil (2022: £3,121)  Contributions totalling £Nil (2022: £Nil) were payable to the fund at the balance sheet date and are included in creditors.


9.


RELATED PARTY TRANSACTIONS

The Company has taken advantage of the exemption in FRS 102 section 33.1A not to disclose transactions with group entities on the grounds that it is a wholly owned subsidiary undertaking.
Included within other debtors is an amount due from a company under the control of the director of £10,010 (2022: £10,010).


Page 6