Colourview Holdings Limited 07596747 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true false false true true true 07596747 2023-06-01 2024-05-31 07596747 2024-05-31 07596747 bus:Director1 1 2024-05-31 07596747 bus:Director2 1 2024-05-31 07596747 core:CurrentFinancialInstruments 2024-05-31 07596747 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 07596747 bus:SmallEntities 2023-06-01 2024-05-31 07596747 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 07596747 bus:FilletedAccounts 2023-06-01 2024-05-31 07596747 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07596747 bus:RegisteredOffice 2023-06-01 2024-05-31 07596747 bus:Director1 2023-06-01 2024-05-31 07596747 bus:Director1 1 2023-06-01 2024-05-31 07596747 bus:Director2 2023-06-01 2024-05-31 07596747 bus:Director2 1 2023-06-01 2024-05-31 07596747 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07596747 core:OtherRelatedParties 2023-06-01 2024-05-31 07596747 core:Subsidiary1 2023-06-01 2024-05-31 07596747 core:Subsidiary1 1 2023-06-01 2024-05-31 07596747 core:Subsidiary1 countries:England 2023-06-01 2024-05-31 07596747 core:Subsidiary2 2023-06-01 2024-05-31 07596747 core:Subsidiary2 1 2023-06-01 2024-05-31 07596747 core:Subsidiary2 countries:AllCountries 2023-06-01 2024-05-31 07596747 1 2023-06-01 2024-05-31 07596747 countries:EnglandWales 2023-06-01 2024-05-31 07596747 bus:Director1 1 2023-05-31 07596747 bus:Director2 1 2023-05-31 07596747 core:CostValuation 2023-05-31 07596747 2022-06-01 2023-05-31 07596747 2023-05-31 07596747 core:CurrentFinancialInstruments 2023-05-31 07596747 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 07596747 core:Subsidiary1 1 2022-06-01 2023-05-31 07596747 core:Subsidiary2 1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 07596747

Colourview Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Colourview Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Colourview Holdings Limited

(Registration number: 07596747)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

387,275

387,275

Current assets

 

Debtors

5

35,768

35,768

Creditors: Amounts falling due within one year

6

(418,462)

(418,449)

Net current liabilities

 

(382,694)

(382,681)

Net assets

 

4,581

4,594

Capital and reserves

 

Called up share capital

5,774

5,774

Retained earnings

(1,193)

(1,180)

Shareholders' funds

 

4,581

4,594

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 October 2024 and signed on its behalf by:
 

.........................................
Mr Charles Atholl Dew-Jones
Director

 

Colourview Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 8 The Woodford Centre
Lysander Way
Old Sarum
Salisbury
Wiltshire
SP4 6BU
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Colourview Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investments

2024
£

2023
£

Investments in subsidiaries

387,275

387,275

Subsidiaries

£

Cost or valuation

At 1 June 2023

387,275

Provision

Carrying amount

At 31 May 2024

387,275

At 31 May 2023

387,275

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Sarum Colourview Limited

England

Ordinary shares

100%

100%

IBA Colourview Limited

England

Ordinary shares

50.5%

50.5%

 

Colourview Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Subsidiary undertakings

Sarum Colourview Limited

The principal activity of Sarum Colourview Limited is provision of printing services.

IBA Colourview Limited

The principal activity of IBA Colourview Limited is graphic reproduction.

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

7

35,768

35,768

   

35,768

35,768

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to related parties

7

406,323

416,310

Other creditors

 

12,139

2,139

 

418,462

418,449

7

Related party transactions

Transactions with directors

2024

At 1 June 2023
£

Other payments made to company by director
£

At 31 May 2024
£

Mr Charles Atholl Dew-Jones

Had a loan with the company

-

(10,000)

(10,000)

Mr Anthony Charles White

Had a loan with the company

(759)

-

(759)

 

Colourview Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Summary of transactions with other related parties

Sarum Colourview Limited, a subsidiary company, had transactions totalling £13 (2023: £191,612), with Colourview Holdings Limited. Colourview Holdings Limited also made payments of £10,000 (2023: £33,250) to Sarum Colourview Limited. At the balance sheet date the amount due to Sarum Colourview Limited was £406,323 (2023: £416,310).

IBA Colourview Limited, a subsidiary company, had transactions totalling £0 (2023: £960). At the balance sheet date the amount due from IBA Colourview Limited was £35,768 (2023: £35,768).

 

8

Parent and ultimate parent undertaking

The company is controlled by the directors who own 100% of the called up share capital

 The ultimate controlling party is the directors.