Year Ended
Registration number:
Churngold Remediation Holdings Limited
Contents
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Churngold Remediation Holdings Limited
Balance Sheet
31 May 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Investments |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
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 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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
......................................... |
Company Registration Number: 04736181
Churngold Remediation Holdings Limited
Notes to the Unaudited Financial Statements
Year Ended 31 May 2024
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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.
Going concern
The directors consider that the company has sufficient resources available in terms of related party funding to justify preparing the financial statements on a going concern basis.
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less provision.
Churngold Remediation Holdings Limited
Notes to the Unaudited Financial Statements
Year Ended 31 May 2024
Financial instruments
Classification
Recognition and measurement
Where the arrangement with a creditor constitutes a financing transaction, the creditor is initially measured at the present value of future payments discounted at a market rate of interest for a similar instrument and subsequently measured at amortised cost.
Staff numbers |
The average number of persons employed by the company during the year, was
Investments |
2024 |
2023 |
|
Investments in subsidiaries |
|
|
Subsidiaries |
£ 000 |
Cost or valuation |
|
At 1 June 2023 |
|
Provision |
|
Carrying amount |
|
At 31 May 2024 |
|
At 31 May 2023 |
|
Churngold Remediation Holdings Limited
Notes to the Unaudited Financial Statements
Year Ended 31 May 2024
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
|||
No. 000 |
£ 000 |
No. 000 |
£ 000 |
|
Ordinary A of £0.10 each |
299 |
30 |
299 |
30 |
Ordinary D of £0.10 each |
97 |
10 |
97 |
10 |
Ordinary E of £0.10 each |
105 |
11 |
105 |
11 |
Preference shares of £1 each |
280 |
280 |
280 |
280 |
Deferred shares of £0.10 each |
- |
- |
- |
- |
|
|
|
|