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Registered number: 14442537










CSS Management Services Limited








Unaudited

Financial statements

Information for filing with the registrar

For the period ended 31 March 2024

 
CSS Management Services Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of CSS Management Services Limited for the period ended 31 March 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 CSS Management Services Limited for the period ended 31 March 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of CSS Management Services Limited, as a body, in accordance with the terms of our engagement letter dated 18 November 2024Our work has been undertaken solely to prepare for your approval the financial statements of CSS Management Services Limited and state those matters that we have agreed to state to the Board of directors of CSS Management Services Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CSS Management Services Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that CSS Management Services 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 loss of CSS Management Services Limited. You consider that CSS Management Services Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of CSS Management Services 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.

  



Kreston Reeves LLP
 
Chartered Accountants
  
2nd Floor
168 Shoreditch High Street
London
E1 6RA
25 November 2024
Page 1

 
CSS Management Services Limited
Registered number: 14442537

Balance sheet
As at 31 March 2024

2024
Note
£

Fixed assets
  

Investments
  
251

  
251

Current assets
  

Debtors: amounts falling due within one year
 5 
250,672

Cash at bank and in hand
  
50,000

  
300,672

Creditors: amounts falling due within one year
 7 
(335,173)

Net current (liabilities)/assets
  
 
 
(34,501)

Total assets less current liabilities
  
(34,250)

  

Net (liabilities)/assets
  
(34,250)


Capital and reserves
  

Called up share capital 
 8 
261

Profit and loss account
  
(34,511)

  
(34,250)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 November 2024.




J Sandelson
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CSS Management Services Limited
 

 
Notes to the financial statements
For the period ended 31 March 2024

1.


General information

CSS Management Services Limited is a private company limited by shares and was incorporated in England with the registration number 14442537. The address of the registered office is 2nd Floor 168 Shoreditch High Street, London, United Kingdom, E1 6RA. The principal activity of the company is to provide managment services to related companies.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis despite the company reporting a loss of £34,511 and net liabilities of £34,250 for the period ended 31 March 2024. The company is reliant upon the continued financial support of related companies.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 3

 
CSS Management Services Limited
 

 
Notes to the financial statements
For the period ended 31 March 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

2024
£

Social security costs
2,164


The average monthly number of employees, including directors, during the period was 3.


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
251



At 31 March 2024
251




Page 4

 
CSS Management Services Limited
 

 
Notes to the financial statements
For the period ended 31 March 2024

5.


Debtors

2024
£


Amounts owed by group undertakings
249,499

Other debtors
1,173



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
50,000

50,000



7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
825

Amounts owed to group undertakings
79,188

Other taxation and social security
813

Other creditors
251,677

Accruals and deferred income
2,670

335,173


Page 5

 
CSS Management Services Limited
 

 
Notes to the financial statements
For the period ended 31 March 2024

8.


Share capital

2024
£
Allotted, called up and fully paid


1,000 Ordinary A shares of £0.01 each
10
150 Ordinary B shares of £1.00 each
150
1 Ordinary C share of £1.00
1
100 Ordinary D shares of £1.00 each
100

261


On incorporation, the company issued the following: 
1,000 Ordinary A shares of £0.01 at par value.
150 Ordinary B shares of £1 at par value.
1 Ordinary C share of £1 at par value.
100 Ordinary D shares of £1 at par value.
 


9.


Related party transactions

During the year, Compound Re Strategies Limited paid net expenses of £79,188 on behalf of CSS Management Services Limited, a related company. This amount was still outstanding at the period end and is held within Creditors: amounts owed to group undertakings.
During the year, CSS Management Services Limited loaned CSS Group Holdings Limited, a related company, a net amount of £249,499 held within Debtors: amounts owed by group undertakings. This amount was still outstanding at the period end.


10.


Controlling party

The company is under the control of Jacob Sandelson as majority shareholder.


Page 6