17 May 2023 v2024.53.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP148772422023-05-172024-06-30148772422024-06-3014877242core:WithinOneYear2024-06-3014877242core:ShareCapital2024-06-3014877242core:RetainedEarningsAccumulatedLosses2024-06-3014877242bus:Director12023-05-172024-06-3014877242bus:RegisteredOffice2023-05-172024-06-3014877242core:AdditionsToInvestments2024-06-3014877242core:CostValuation2024-06-301487724212023-05-172024-06-3014877242countries:EnglandWales2023-05-172024-06-3014877242bus:AuditExemptWithAccountantsReport2023-05-172024-06-3014877242bus:PrivateLimitedCompanyLtd2023-05-172024-06-3014877242bus:SmallEntities2023-05-172024-06-3014877242bus:FullAccounts2023-05-172024-06-30
Company registration number:
14877242
Cercle Holdings Limited
Unaudited Filleted Financial Statements for the period ended
30 June 2024
Cercle Holdings Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Cercle Holdings Limited
Period ended
30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Cercle Holdings Limited
for the period ended
30 June 2024
which comprise the income statement, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
Cercle Holdings Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Cercle Holdings Limited
and state those matters that we have agreed to state to the Board of Directors of
Cercle Holdings Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Cercle Holdings Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Cercle Holdings Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Cercle Holdings Limited
. You consider that
Cercle Holdings Limited
is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Cercle Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
A G Smith & Co Ltd
Chartered Certified Accountants
Unit 8
Laceby Business Park
Laceby
North East Lincolnshire
DN37 7DP
United Kingdom
Date:
28 October 2024
Cercle Holdings Limited
Statement of Financial Position
30 June 2024
30 Jun 2024
Note£
Fixed assets  
Investments 5
1,000
 
Current assets  
Debtors 6
5,254
 
Cash at bank and in hand
100
 
5,354
 
Creditors: amounts falling due within one year 7
(1,433
)
Net current assets
3,921
 
Total assets less current liabilities 4,921  
Capital and reserves  
Called up share capital
200
 
Profit and loss account
4,721
 
Shareholders funds
4,921
 
For the period ending
30 June 2024
, 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 their responsibilities for complying with the requirements of the Act 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
28 October 2024
, and are signed on behalf of the board by:
C Wilson
Director
Company registration number:
14877242
Cercle Holdings Limited
Notes to the Financial Statements
Period ended
30 June 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
81 Waltham Road
,
Grimsby
,
North East Lincolnshire
,
DN33 2ND
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Consolidation

The entity has taken advantage of the option not to prepare consolidated
financial statements
contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures 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 or 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.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

4 Average number of employees

The average number of persons employed by the company during the period was
1
.

5 Investments

Shares in group undertakings and participating interests
£
Cost  
At
17 May 2023
-  
Additions
1,000
 
At
30 June 2024
1,000
 
Impairment  
At
17 May 2023
and
30 June 2024
-  
Carrying amount  
At
30 June 2024
1,000
 
The company owned 30% of the ordinary share capital of Allingham Estates Limited from 8 March 2024, a company incorporated in England & Wales. Allingham Estates Limited is a property investment company. The aggregate capital and reserves at 30 June 2024 was £4,866 (30 June 2023 - £2,998). The profit for the current year was £55,624 (30 June 2023 - £57,142).
The company owned 100% of the ordinary share capital of Lynx Recycling and Recovery Limited from 8 March 2024, a company incorporated in England & Wales. Lynx Recycling and Recovery Limited is a trading company. The aggregate capital and reserves at 30 June 2024 was £2,381,036 (30 June 2023 - £2,400,301). The profit for the current year was £18,231 (30 June 2023 - £729,333).

6 Debtors

30 Jun 2024
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
5,254
 

7 Creditors: amounts falling due within one year

30 Jun 2024
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
900
 
Other creditors
533
 
1,433