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Company No: 14655209 (England and Wales)

CABOT PARK HOLDINGS LIMITED

Unaudited Financial Statements
For the financial period from 10 February 2023 to 31 March 2024
Pages for filing with the registrar

CABOT PARK HOLDINGS LIMITED

Unaudited Financial Statements

For the financial period from 10 February 2023 to 31 March 2024

Contents

CABOT PARK HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
CABOT PARK HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 31.03.2024
£
Fixed assets
Investments 3 2,624,622
2,624,622
Net current assets 0
Total assets less current liabilities 2,624,622
Net assets 2,624,622
Capital and reserves
Called-up share capital 4 10,000
Other reserves 10,000
Profit and loss account 2,604,622
Total shareholders' funds 2,624,622

For the financial period ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Cabot Park Holdings Limited (registered number: 14655209) were approved and authorised for issue by the Board of Directors on 19 August 2024. They were signed on its behalf by:

S R King
Director
CABOT PARK HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 10 February 2023 to 31 March 2024
CABOT PARK HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 10 February 2023 to 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Cabot Park Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Moorend Farm Avenue, Bristol, BS11 0FR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Reporting period length

The reporting period length is longer than 12 months in order to bring the year end in line with other Companies in the group.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
10.02.2023 to
31.03.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 5

3. Fixed asset investments

Investments in subsidiaries

31.03.2024
£
Cost
At 10 February 2023 0
Additions 2,624,622
At 31 March 2024 2,624,622
Carrying value at 31 March 2024 2,624,622

4. Called-up share capital

31.03.2024
£
Allotted, called-up and fully-paid
50,005 A1 Ordinary shares of £ 0.10 each 5,000.50
5,000 B1 Ordinary shares of £ 0.10 each 500.00
29,995 C1 Ordinary shares of £ 0.10 each 2,999.50
15,000 D1 Ordinary shares of £ 0.10 each 1,500.00
10,000.00

On 10 February 2023, 1 Ordinary share of £1 was issued at par value. On 30 March 2023, the share was reclassified as £0.10 ordinary share and a further 199,999 allotted being 100,000 A-D Ordinary shares of £0.10 and 99,999 A1-D1 Ordinary shares. On the same date, a special resolution was passed to cancel and extinguish the issued A,B,C,D ordinary shares of £0.10 each.

5. Related party transactions

During the period the Company has taken advantage of the exemption in section 1AC.35 of FRS 102 to not disclose related party transactions with wholly owned subsidiaries with the group.