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REGISTERED NUMBER: 09243191 (England and Wales)















CG LONDON LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






CG LONDON LIMITED (Registered number: 09243191)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CG LONDON LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Miss B R Shah





REGISTERED OFFICE: 2nd Floor
1 Bell Street
London
NW1 5BY





REGISTERED NUMBER: 09243191 (England and Wales)





ACCOUNTANTS: DSJ Partners (UK) Limited
2nd Floor
1 Bell Street
London
NW1 5BY

CG LONDON LIMITED (Registered number: 09243191)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 1,027,500 1,027,500

CURRENT ASSETS
Debtors 5 - 375
Cash at bank 11,241 376
11,241 751
CREDITORS
Amounts falling due within one year 6 (749,631 ) (756,152 )
NET CURRENT LIABILITIES (738,390 ) (755,401 )
TOTAL ASSETS LESS CURRENT LIABILITIES 289,110 272,099

PROVISIONS FOR LIABILITIES (38,418 ) (38,418 )
NET ASSETS 250,692 233,681

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 115,255 115,255
Retained earnings 135,337 118,326
SHAREHOLDERS' FUNDS 250,692 233,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:



Miss B R Shah - Director


CG LONDON LIMITED (Registered number: 09243191)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

CG LONDON 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents and other property income receivable for the year, net of Value Added Tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Going concern
The directors have considered the going concern basis for preparing the accounts on the grounds that at the year end there was a net current liability of £738,390 (2023: £755,401).

The shareholders have undertaken to continue to provide the company with such financial support to trade and meet its obligation as they fall due. Having regard to this financial support, the directors are of the opinion that it is appropriate for the accounts to be prepared on a going concerned basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

CG LONDON LIMITED (Registered number: 09243191)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,027,500
NET BOOK VALUE
At 31 March 2024 1,027,500
At 31 March 2023 1,027,500

The director of the company was of the opinion that the value of the investment properties at the year end were at least as stated above.

The historical cost of the investment properties at 31 March 2024 was £873,827 (2023: £873,827).

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 1,027,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 375

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,991 3,012
Other creditors 745,640 753,140
749,631 756,152

7. RELATED PARTY DISCLOSURES

During the year, the company has repaid loan of £15,000 to its shareholders, RVS Holdings Limited. At the year end, amount repayable to them was £734,900 (2023:£749,900).

8. ULTIMATE CONTROLLING PARTY

The controlling party is RVS Trust, a Jersey based trust.