Company registration number 02655261 (England and Wales)
CCB TRADING GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
CCB TRADING GROUP LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CCB TRADING GROUP LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
5
3,049,409
3,108,245
Cash at bank and in hand
363,691
681,756
3,413,100
3,790,001
Creditors: amounts falling due within one year
6
(17,594)
(478,179)
Net current assets
3,395,506
3,311,822
Capital and reserves
Called up share capital
1,284,300
1,284,300
Other reserves
998,310
998,310
Profit and loss reserves
1,112,896
1,029,212
Total equity
3,395,506
3,311,822

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 September 2024 and are signed on its behalf by:
Mrs C Gardner
Director
Company registration number 02655261 (England and Wales)
CCB TRADING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

CCB Trading Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is International House, Flint Road, Saltney Ferry, Chester, CH4 0GZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company, which is both a subsidiary and a parent company, and the group within which it operates qualify as small as set out in section 383 of the Companies Act 2006 and both this company and its parent company Aviation Park Group Limited are considered eligible to take advantage of the exemption available not to prepare consolidated accounts.

1.2
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.3
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

CCB TRADING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was nil (2022: nil).

3
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
836,909
450
837,359
Depreciation and impairment
At 1 January 2023 and 31 December 2023
836,909
450
837,359
Carrying amount
At 31 December 2023
-
0
-
0
-
0
At 31 December 2022
-
0
-
0
-
0
CCB TRADING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
4
Subsidiaries

Details of the company's subsidiaries at 31 December 2023 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Chester Airport Limited
UK
Ordinary
100.00
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,190,920
1,136,094
Amounts owed by related parties
1,232,664
1,114,559
Other debtors
414,315
646,082
2,837,899
2,896,735
2023
2022
Amounts falling due after more than one year:
£
£
Corporation tax recoverable
211,510
211,510
Total debtors
3,049,409
3,108,245
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
213
-
0
Corporation tax
14,726
42,005
Other creditors
2,655
436,174
17,594
478,179
7
Financial commitments, guarantees and contingent liabilities

An intercompany cross guarantee exists between CCB Trading Group Limited and Aviation Park Group Limited, Chester Airport Limited, Spacerepair Limited, NSS Special Access (UK) Limited and CCB Property Partnership LLP.

CCB TRADING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
8
Related party transactions
Transactions with related parties

CCB Trading Group Limited is a wholly owned subsidiary of Aviation Park Group Limited. The company has taken advantage of the exemptions available under FRS102 paragraph 33 not to disclose transactions and balances with wholly owned companies within the group.

 

C C Butt owns 100% of the issued share capital of Spacerepair Limited. Amounts owed by Spacerepair Limited at the balance sheet date totalled £60,000 (2022: £45,725).

 

C C Butt owns 100% of the share capital of NSS Special Access (UK) Limited. Amounts owed by NSS Special Access (UK) Limited at the balance sheet date totalled £701,814 (2022: £403,694). The company invoiced sales and recharges totalling £14,011 (2022: £3,404) to this company in the year.

 

CC Butt owns 100% of the shares in Innovative Scaffold Services Limited which itself owns 100% of the shares in Palmers Scaffolding UK Limited. The company is owed £470,849 (2022: £665,139) from this group.

9
Directors' transactions

Included in other debtors is £414,315 (2022: £646,082) due from CC Butt, director. The maximum amount outstanding during the year was £646,082. There are no agreed interest rates payable or repayment terms on the remaining outstanding balance.

10
Ultimate controlling party

The company is a wholly owned subsidiary of Aviation Park Group Limited, a company registered in England and Wales, company number 05282646.

 

The ultimate controlling party is C C Butt by virtue of his 98.5% holding in the issued share capital of Aviation Park Group Limited.

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