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COMPANY REGISTRATION NUMBER: 14250707
CENTRAL & PROVINCIAL INVESTMENTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2023
CENTRAL & PROVINCIAL INVESTMENTS LIMITED
FINANCIAL STATEMENTS
PERIOD FROM 22 JULY 2022 TO 31 DECEMBER 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
CENTRAL & PROVINCIAL INVESTMENTS LIMITED
BALANCE SHEET
31 December 2023
31 Dec 23
Note
£
Fixed assets
Tangible assets
4
461
Investments
5
1
------------
462
Current assets
Debtors
6
213,115
Cash at bank and in hand
33,590
------------
246,705
Creditors: amounts falling due within one year
7
( 257,197)
------------
Net current liabilities
( 10,492)
------------
Total assets less current liabilities
( 10,030)
------------
Net liabilities
( 10,030)
------------
Capital and reserves
Called up share capital
8
100
Profit and loss account
( 10,130)
------------
Shareholders deficit
( 10,030)
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 October 2024 , and are signed on behalf of the board by:
Mr A B M Archer
Director
Company registration number: 14250707
CENTRAL & PROVINCIAL INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 22 JULY 2022 TO 31 DECEMBER 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, West Yorkshire, HD1 1PA, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Investments
The company is a member of C&P Special Situations LLP.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidence a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Equipment
£
Cost
At 22 July 2022
Additions
688
------------
At 31 December 2023
688
------------
Depreciation
At 22 July 2022
Charge for the period
227
------------
At 31 December 2023
227
------------
Carrying amount
At 31 December 2023
461
------------
5. Investments
Other investments other than loans
£
Cost
At 22 July 2022
Additions
1
------------
At 31 December 2023
1
------------
Impairment
At 22 July 2022 and 31 December 2023
------------
Carrying amount
At 31 December 2023
1
------------
The company is a member of C&P Special Situations LLP.
6. Debtors
31 Dec 23
£
Trade debtors
600
Amounts owed by related undertakings
199,496
Prepayments and accrued income
12,601
Other debtors
418
------------
213,115
------------
7. Creditors: amounts falling due within one year
31 Dec 23
£
Trade creditors
547
Accruals and deferred income
750
Director loan accounts
255,900
------------
257,197
------------
8. Called up share capital
Issued, called up and fully paid
31 Dec 23
No.
£
Ordinary shares of £ 1 each
100
100
------------
------------
During the period 100 ordinary £1 shares were issued fully paid for cash at par.
9. Related party transactions
The amounts owed to the director within creditors are unsecured, repayable on demand and currently interest free.
10. Controlling party
The company is controlled by A B M Archer.
11. Going concern
The director is providing on-going working capital facilities to enable to company to continue to trade. Accordingly the accounts have been prepared on a going concern basis.