Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31No description of principal activityfalse112022-04-01truetruetrue 13427334 2022-04-01 2023-08-31 13427334 2021-05-28 2022-03-31 13427334 2023-08-31 13427334 2022-03-31 13427334 c:Director1 2022-04-01 2023-08-31 13427334 d:CurrentFinancialInstruments 2023-08-31 13427334 d:CurrentFinancialInstruments 2022-03-31 13427334 d:Non-currentFinancialInstruments 2023-08-31 13427334 d:Non-currentFinancialInstruments 2022-03-31 13427334 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 13427334 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13427334 d:ShareCapital 2023-08-31 13427334 d:ShareCapital 2022-03-31 13427334 d:RetainedEarningsAccumulatedLosses 2023-08-31 13427334 d:RetainedEarningsAccumulatedLosses 2022-03-31 13427334 c:OrdinaryShareClass1 2022-04-01 2023-08-31 13427334 c:OrdinaryShareClass1 2023-08-31 13427334 c:OrdinaryShareClass1 2022-03-31 13427334 c:EntityHasNeverTraded 2022-04-01 2023-08-31 13427334 c:FRS102 2022-04-01 2023-08-31 13427334 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-08-31 13427334 c:FullAccounts 2022-04-01 2023-08-31 13427334 c:PrivateLimitedCompanyLtd 2022-04-01 2023-08-31 13427334 2 2022-04-01 2023-08-31 13427334 6 2022-04-01 2023-08-31 13427334 e:PoundSterling 2022-04-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13427334









CGD9 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2023

 
CGD9 LIMITED
REGISTERED NUMBER: 13427334

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

31 August
31 March
2023
2022
Note
£
£

Fixed assets
  

Investments
 3 
1
1

Current assets
  

Debtors: amounts falling due after more than one year
 4 
2,600,248
-

Debtors: amounts falling due within one year
 4 
1,073,854
-

Current asset investments
  
335,741
-

Cash at bank and in hand
  
2,528,326
2

  
6,538,169
2

Creditors: amounts falling due within one year
 6 
(925,347)
(1)

Net current assets
  
 
 
5,612,822
 
 
1

  

Net assets
  
5,612,823
2


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
5,612,821
-

  
5,612,823
2


For the period ended 31 August 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 comprehensive income 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: 

A Handa
Page 1

 
CGD9 LIMITED
REGISTERED NUMBER: 13427334
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2023

Director

Date: 30 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CGD9 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

1.


General information

CGD9 Limited is a private company limited by share capital, incorporated on 28 May 2021 under the UK Companies Act 2006 and domiciled in England. The address of the Company's registered office is 4th Floor, 1-3 Portland Place, London, England, W1B 1PN.
CGD9 Limited, henceforth referred to as the "company", changed its name from CGD Holdco Limited to CGD9 Limited by special resolution on 23 February 2022.

2.Accounting policies

  
2.1

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all reporting periods presented, unless otherwise stated.

 
2.2

Basis of preparation of financial statements

The financial statements of the company 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 UK Companies Act 2006.
The preparation of financial statements in conformity with Financial Reporting Standard 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Company's accounting policies.
In the opinion of the director there were no estimates and/or judgments made in applying the Company's accounting policies towards the preparation of these financial statements that may be considered as yielding a significant risk of a material adjustment being made to the carrying amounts of assets and/or liabilities reported in the balance sheet during the next financial reporting period.

  
2.3

Functional and presentational currency

Items included in the financial statements of the company are measured using the currency of the primary economic environment in which the Company operates (the "functional currency").
The functional currency of the company, and the currency in which the financial statements are presented (the "presentational currency"), is 'Pounds Sterling' (£) rounded to the nearest single unit of currency.

  
2.4

Going concern

Based on his assessment, the director is of the conclusion that the Company will have, available at its disposal, adequate resources to continue in operational existence for the foreseeable future.
While there will always remain an inherent uncertainty, the director has no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the Company to continue as a going concern and therefore considers it both appropriate to continue to adopt the going concern basis in preparing the company's financial statements and to not recognise any adjustments in the financial statements that would arise if the going concern basis were to become no longer appropriate.

Page 3

 
CGD9 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.5

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, and value added tax.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

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.

 
2.9

Fixed asset investments

Fixed asset investments comprise of the holdings in unlisted company shares of associated undertakings. Such holdings are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at cost less provision for impairment at the balance sheet date.

Page 4

 
CGD9 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities; with said financial assets and liabilities classified in accordance with the substance of the underlying contractual obligations rather than its legal form.
Financial assets and liabilities are recognised in the balance sheet upon becoming party to the contractual provisions of the instrument. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or the financial asset is transferred along with substantially all the risks and rewards of ownership of the asset to another party. Financial liabilities are derecognised only when the Company’s obligations are discharged, cancelled or expired.
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

 
2.11

Cash and cash equivalents

Cash balances are reported as being financial instruments classified as short term receivables and are represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours and subject to an insignificant risk of changes in value. Cash deposits are held at floating interest rates linked to UK bank rates.

 
2.12

Creditors

Creditors are initially measured, and subsequently held, at transaction price (i.e fair value).

 
2.13

Equity and dividends

Ordinary share capital, shown in equity, is initially measured and subsequently held at its nominal value. Where the transaction price for issued shares exceeds their nominal value, the difference is shown under equity in a share premium account with any directly attributable transaction costs associated with the issuing of said shares deducted from said share premium account.
Equity dividends are recognised in the reporting period in which they become legally payable.

Page 5

 
CGD9 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

3.


Fixed asset investments








Investments in associates

£



Cost


At 1 April 2022
1



At 31 August 2023
1





4.


Debtors

31 August
31 March
2023
2022
£
£

Due after more than one year

Other debtors
2,600,248
-


31 August
31 March
2023
2022
£
£

Due within one year

Other debtors
823,854
-

Accrued income
250,000
-

1,073,854
-


Page 6

 
CGD9 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

5.


Current asset investments

31 August
31 March
2023
2022
£
£

Listed investments
335,741
-


31 August
31 March
2023
2022
£
£

Opening fair value
-
-

Purchases
356,706
-

Sales
-
-

Gains on remeasurement to fair value
(20,965)
-

Market value
335,741
-




6.


Creditors: Amounts falling due within one year

31 August
31 March
2023
2022
£
£

Amounts owed to associate undertakings
898,821
1

Corporation tax
16,026
-

Accruals
10,500
-

925,347
1


Page 7

 
CGD9 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

7.


Share capital

31 August
31 March
2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2



8.


Related party transactions

CDG9 Limited owns a 50% shareholding of CDG8 Limited. At the year end, there is an outstanding loan of £898,821 (2022: £1) owed to CDG8 Limited.

 
Page 8