10501953falsegeneral convenience store2022-12-012023-11-30http://www.companieshouse.gov.uk/2022-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2022-11-30http://www.companieshouse.gov.uk/cd:Director12022-12-012023-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-12-012023-11-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-12-012023-11-30http://www.companieshouse.gov.uk/pt:NetGoodwill2022-11-30http://www.companieshouse.gov.uk/pt:NetGoodwill2023-11-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-12-012023-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-11-30http://www.companieshouse.gov.uk/pt:NetGoodwill2022-12-012023-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-11-30http://www.companieshouse.gov.uk/2022-12-012023-11-30http://www.companieshouse.gov.uk/2022-11-30http://www.companieshouse.gov.uk/cd:FRS1022022-12-012023-11-30http://www.companieshouse.gov.uk/2023-11-30http://www.companieshouse.gov.uk/cd:FullAccounts2022-12-012023-11-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-12-012023-11-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 10501953

CPN Partners Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023

Prepared By:
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

CPN Partners Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
DIRECTORS
Chirag Patel
REGISTERED OFFICE
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10501953
ACCOUNTANTS
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

CPN Partners Ltd

ACCOUNTS
FOR THEYEARENDED30/11/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

CPN Partners Ltd

BALANCE SHEET AT 30/11/2023
20232022
Notes££
FIXED ASSETS
Intangible assets343,74446,759
Tangible assets46,1198,158
49,86354,917
CURRENT ASSETS
Stock43,00042,000
Debtors6150,172156,076
Cash at bank and in hand14,4333,019
207,605201,095
CREDITORS: Amounts falling due within one year793,57067,526
NET CURRENT ASSETS114,035133,569
TOTAL ASSETS LESS CURRENT LIABILITIES163,898188,486
CREDITORS: Amounts falling due after more than one year8135,496174,583
PROVISIONS FOR LIABILITIES AND CHARGES91,162-
NET ASSETS27,24013,903
CAPITAL AND RESERVES
Called up share capital1022
Profit and loss account27,23813,901
SHAREHOLDERS' FUNDS27,24013,903
For the year ending 30/11/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23/08/2024 and signed on their behalf by
.............................
Chirag Patel
Director

CPN Partners Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittings 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

CPN Partners Ltd

2. EMPLOYEES
20232022
No.No.
Average number of employees44
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/12/202260,29960,299
At 30/11/202360,29960,299
Depreciation
At 01/12/202213,54013,540
For the year3,0153,015
At 30/11/202316,55516,555
Net Book Amounts
At 30/11/202343,74443,744
At 30/11/202246,75946,759
4. TANGIBLE FIXED ASSETS
Short LeaseholdFixtures
Propertiesand FittingsTotal
£££
Cost
At 01/12/2022132,17032,171
At 30/11/2023132,17032,171
Depreciation
At 01/12/2022-24,01324,013
For the year-2,0392,039
At 30/11/2023-26,05226,052
Net Book Amounts
At 30/11/202316,1186,119
At 30/11/202218,1578,158

CPN Partners Ltd

5. STOCK 20232022
££
Stock comprises:
Stock43,00042,000
43,00042,000
6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors7725,897
VAT-779
7726,676
Amounts falling due over more than one year
Long term debtor-Rent deposits11,00011,000
Long term debtor138,400138,400
149,400149,400
150,172156,076
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax2,2531,235
VAT1,452-
PAYE control-48
Directors current account43,63936,771
Bank Loan15,12016,994
Credit card22,6556,281
Trade creditors6,4462,377
Other creditors-2,074
Pension schemes176-
Accruals1,8291,746
93,57067,526

CPN Partners Ltd

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr1,007-
Loans >1yr-28,118
Loans >1yr Bounce Back Loan scheme34,48946,465
Other creditors > 1yr100,000100,000
135,496174,583
9. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation1,162-
1,162-
10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22