Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Jade Boyles-White 14/11/2018 30 October 2024 The principal activity of the Company during the financial year was that of a holding company. 11676375 2024-04-30 11676375 bus:Director1 2024-04-30 11676375 2023-04-30 11676375 core:CurrentFinancialInstruments 2024-04-30 11676375 core:CurrentFinancialInstruments 2023-04-30 11676375 core:Non-currentFinancialInstruments 2024-04-30 11676375 core:Non-currentFinancialInstruments 2023-04-30 11676375 core:ShareCapital 2024-04-30 11676375 core:ShareCapital 2023-04-30 11676375 core:RetainedEarningsAccumulatedLosses 2024-04-30 11676375 core:RetainedEarningsAccumulatedLosses 2023-04-30 11676375 core:CostValuation 2023-04-30 11676375 core:CostValuation 2024-04-30 11676375 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-04-30 11676375 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-04-30 11676375 core:MoreThanFiveYears 2024-04-30 11676375 core:MoreThanFiveYears 2023-04-30 11676375 bus:OrdinaryShareClass1 2024-04-30 11676375 2023-05-01 2024-04-30 11676375 bus:FilletedAccounts 2023-05-01 2024-04-30 11676375 bus:SmallEntities 2023-05-01 2024-04-30 11676375 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11676375 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11676375 bus:Director1 2023-05-01 2024-04-30 11676375 2022-05-01 2023-04-30 11676375 core:MoreThanFiveYears 2023-05-01 2024-04-30 11676375 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 11676375 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11676375 (England and Wales)

COMPLETE GROUP SOUTH WEST LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

COMPLETE GROUP SOUTH WEST LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

COMPLETE GROUP SOUTH WEST LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
COMPLETE GROUP SOUTH WEST LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 3,517,500 3,517,500
3,517,500 3,517,500
Creditors: amounts falling due within one year 4 ( 2,418,680) ( 2,117,400)
Net current liabilities (2,418,680) (2,117,400)
Total assets less current liabilities 1,098,820 1,400,100
Creditors: amounts falling due after more than one year 5 ( 1,100,000) ( 1,400,000)
Net (liabilities)/assets ( 1,180) 100
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account ( 1,280 ) 0
Total shareholder's (deficit)/funds ( 1,180) 100

For the financial year ending 30 April 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 financial statements of Complete Group South West Limited (registered number: 11676375) were approved and authorised for issue by the Director on 30 October 2024. They were signed on its behalf by:

Jade Boyles-White
Director
COMPLETE GROUP SOUTH WEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
COMPLETE GROUP SOUTH WEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Complete Group South West Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor Stratus House Emperor Way, Exeter Business Park, Exeter, EX1 3QS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 May 2023 3,517,500
At 30 April 2024 3,517,500
Carrying value at 30 April 2024 3,517,500
Carrying value at 30 April 2023 3,517,500

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to own subsidiaries 2,043,680 1,817,400
Other creditors 375,000 300,000
2,418,680 2,117,400

5. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other loans (secured) 1,100,000 1,400,000

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Other loans (secured / repayable by instalments) 0 200,000

The loans falling due within less than one year and more than one year, totalling £1,100,000 (2022: £1,400,000) are secured by a fixed charge over the share capital of the company.

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100