IRIS Accounts Production v24.1.4.33 12945401 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh129454012023-03-31129454012024-03-31129454012023-04-012024-03-31129454012022-03-31129454012022-04-012023-03-31129454012023-03-3112945401ns15:EnglandWales2023-04-012024-03-3112945401ns14:PoundSterling2023-04-012024-03-3112945401ns10:Director12023-04-012024-03-3112945401ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3112945401ns10:SmallEntities2023-04-012024-03-3112945401ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3112945401ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3112945401ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3112945401ns10:FullAccounts2023-04-012024-03-3112945401ns10:OrdinaryShareClass12023-04-012024-03-3112945401ns10:Director22023-04-012024-03-3112945401ns10:RegisteredOffice2023-04-012024-03-3112945401ns5:CurrentFinancialInstruments2024-03-3112945401ns5:CurrentFinancialInstruments2023-03-3112945401ns5:ShareCapital2024-03-3112945401ns5:ShareCapital2023-03-3112945401ns5:RetainedEarningsAccumulatedLosses2024-03-3112945401ns5:RetainedEarningsAccumulatedLosses2023-03-3112945401ns5:PlantMachinery2023-03-3112945401ns5:PlantMachinery2023-04-012024-03-3112945401ns5:PlantMachinery2024-03-3112945401ns5:PlantMachinery2023-03-3112945401ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3112945401ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3112945401ns10:OrdinaryShareClass12024-03-3112945401ns5:RetainedEarningsAccumulatedLosses2023-03-3112945401ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 12945401 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Cag Resources Limited

Cag Resources Limited (Registered number: 12945401)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cag Resources Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G Mihaleto
Mrs A Mihaleto





REGISTERED OFFICE: PO BOX 79974
London
N19 9HA





REGISTERED NUMBER: 12945401 (England and Wales)





ACCOUNTANTS: PB Associates
Chartered Accountants and Chartered Tax Advisers
2 Castle Business Village
Station Road
Hampton
Middlesex
TW12 2BX

Cag Resources Limited (Registered number: 12945401)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 9,965

CURRENT ASSETS
Debtors 5 168,341 450,000
Investments 6 554,242 554,242
Cash at bank 4,097 42,863
726,680 1,047,105
CREDITORS
Amounts falling due within one year 7 (10,728 ) 237,689
NET CURRENT ASSETS 737,408 809,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

737,408

819,381

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 737,308 819,281
SHAREHOLDERS' FUNDS 737,408 819,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Cag Resources Limited (Registered number: 12945401)

Balance Sheet - continued
31 March 2024


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 8 August 2024 and were signed on its behalf by:





Mrs A Mihaleto - Director


Cag Resources Limited (Registered number: 12945401)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cag Resources 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.

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.

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 (2023 - 2 ) .

Cag Resources Limited (Registered number: 12945401)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 37,482
Disposals (37,482 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 27,517
Eliminated on disposal (27,517 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 9,965

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 450,000
Other debtors 168,341 -
168,341 450,000

Other debtors represents the directors loan account balance at the year end. The loan account will be settled by the directors within 9 months of the year end.

6. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Unlisted investments 554,242 554,242

Investments are recorded at original cost.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - (1 )
Taxation and social security (13,328 ) 210,766
Other creditors 2,600 26,924
(10,728 ) 237,689

Cag Resources Limited (Registered number: 12945401)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1.00 100 100

On 12 July 2024 the company reclassified its shares from 100 ordinary shares to, 51 ordinary A shares and 49 ordinary B shares.

9. RESERVES
Retained
earnings
£   

At 1 April 2023 819,281
Deficit for the year (56,973 )
Dividends (25,000 )
At 31 March 2024 737,308