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REGISTERED NUMBER: 12329976 (England and Wales)
















Financial Statements

for the Year Ended 31 December 2023

for

CRB Group Limited

CRB Group Limited (Registered number: 12329976)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CRB Group Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D R Gillett
D South





REGISTERED OFFICE: 36 Brunel Way
Fareham
Hampshire
PO15 5SA





REGISTERED NUMBER: 12329976 (England and Wales)





AUDITORS: Roches
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH

CRB Group Limited (Registered number: 12329976)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 648,084 187,794
Investments 5 800,000 800,000
1,448,084 987,794

CURRENT ASSETS
Debtors 6 349,599 388,050
Cash at bank 940 4,254
350,539 392,304
CREDITORS
Amounts falling due within one year 7 1,712,647 1,292,288
NET CURRENT LIABILITIES (1,362,108 ) (899,984 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,976

87,810

CREDITORS
Amounts falling due after more than one
year

8

(24,195

)

(62,430

)

PROVISIONS FOR LIABILITIES (14,863 ) (4,414 )
NET ASSETS 46,918 20,966

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 45,918 19,966
SHAREHOLDERS' FUNDS 46,918 20,966

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





D South - Director


CRB Group Limited (Registered number: 12329976)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

CRB 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and Straight line over 10 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

CRB Group Limited (Registered number: 12329976)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 208,895
Additions 513,086
At 31 December 2023 721,981
DEPRECIATION
At 1 January 2023 21,101
Charge for year 52,796
At 31 December 2023 73,897
NET BOOK VALUE
At 31 December 2023 648,084
At 31 December 2022 187,794

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 124,995
DEPRECIATION
At 1 January 2023 8,870
Charge for year 15,206
At 31 December 2023 24,076
NET BOOK VALUE
At 31 December 2023 100,919
At 31 December 2022 116,125

CRB Group Limited (Registered number: 12329976)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 800,000
NET BOOK VALUE
At 31 December 2023 800,000
At 31 December 2022 800,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 320,000 345,350
Other debtors 29,599 42,700
349,599 388,050

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 38,234 36,489
Amounts owed to group undertakings 1,671,511 1,255,000
Other creditors 2,902 799
1,712,647 1,292,288

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 24,195 62,430

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 62,429 98,919

The above loans are secured against the related asset.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Roche (Senior Statutory Auditor)
for and on behalf of Roches

CRB Group Limited (Registered number: 12329976)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. CONTINGENT LIABILITIES

The company has guaranteed the borrowings of C & C Industrial Group Limited, Coolers & Condensers Limited, Ripley Engineering Limited & Box Clever Projects Limited. The company is party to a cross composite guarantee arrangement with C & C Industrial Group Limited, Coolers & Condensers Limited, Ripley Engineering Limited & Box Clever Projects Limited in favour of HSBC Bank plc.

12. RELATED PARTY DISCLOSURES

CRB Group Limited is a member of a group. The parent of this group is C & C Industrial Group Limited, whose registered address is as follows:
36 Brunel Way
Segensworth East
Fareham
Hampshire
PO15 5SA