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REGISTERED NUMBER: 04454321 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CXG GROUP LIMITED

CXG GROUP LIMITED (REGISTERED NUMBER: 04454321)






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


CXG GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: R Pilley





REGISTERED OFFICE: 31 High Street
Haverhill
Suffolk
CB9 8AD





REGISTERED NUMBER: 04454321 (England and Wales)





ACCOUNTANTS: Hackett Griffey LLP
Chartered Certified Accountants
31 High Street
Haverhill
Suffolk
CB9 8AD

CXG GROUP LIMITED (REGISTERED NUMBER: 04454321)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,134 10,745
Investments 5 103,691 103,691
Investment property 6 525,000 525,000
637,825 639,436

CURRENT ASSETS
Debtors 7 926 926
Cash at bank 10,560 15,385
11,486 16,311
CREDITORS
Amounts falling due within one year 8 218,472 227,091
NET CURRENT LIABILITIES (206,986 ) (210,780 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

430,839

428,656

CREDITORS
Amounts falling due after more than one
year

9

(397,738

)

(397,738

)

PROVISIONS FOR LIABILITIES (29,661 ) (29,661 )
NET ASSETS 3,440 1,257

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,340 1,157
SHAREHOLDERS' FUNDS 3,440 1,257

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 director acknowledges his 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.

CXG GROUP LIMITED (REGISTERED NUMBER: 04454321)

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 director and authorised for issue on 3 September 2024 and were signed by:





R Pilley - Director


CXG GROUP LIMITED (REGISTERED NUMBER: 04454321)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

CXG Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about CXG Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 15% on reducing balance
Plant and machinery etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 NIL (2023 - NIL).

CXG GROUP LIMITED (REGISTERED NUMBER: 04454321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 17,718 8,348 26,066
DEPRECIATION
At 1 April 2023 9,515 5,806 15,321
Charge for year 1,230 381 1,611
At 31 March 2024 10,745 6,187 16,932
NET BOOK VALUE
At 31 March 2024 6,973 2,161 9,134
At 31 March 2023 8,203 2,542 10,745

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 103,691
NET BOOK VALUE
At 31 March 2024 103,691
At 31 March 2023 103,691

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 525,000
NET BOOK VALUE
At 31 March 2024 525,000
At 31 March 2023 525,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2015 70,682
Valuation in 2016 70,430
Valuation in 2022 65,000
Cost 318,888
525,000

The investment properties have been valued as at 31 March 2023 by the Director at open market value.

CXG GROUP LIMITED (REGISTERED NUMBER: 04454321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 926 926

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 2,082
Other creditors 218,472 225,009
218,472 227,091

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 397,738 397,738

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 397,738 397,738

Loans are secured on investment properties.