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REGISTERED NUMBER: 11792764 (England and Wales)









CCG ENTERPRISES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






CCG ENTERPRISES LIMITED (REGISTERED NUMBER: 11792764)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CCG ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: M L Reed



REGISTERED OFFICE: Osborne House
Trull Road
Taunton
Somerset
TA1 4PX



REGISTERED NUMBER: 11792764 (England and Wales)



SENIOR STATUTORY AUDITOR: Stephanie Williams



AUDITORS: WP Audit Services LLP
CHARTERED ACCOUNTANT & STATUTORY AUDITOR
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

CCG ENTERPRISES LIMITED (REGISTERED NUMBER: 11792764)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 183,980 214,157
Investments 6 1,211,702 1,211,702
1,395,682 1,425,859

CURRENT ASSETS
Stocks 4,389 6,511
Debtors 7 3,019,328 3,692,290
Cash at bank and in hand 30,577 46,868
3,054,294 3,745,669
CREDITORS
Amounts falling due within one year 8 2,301,087 3,020,676
NET CURRENT ASSETS 753,207 724,993
TOTAL ASSETS LESS CURRENT LIABILITIES 2,148,889 2,150,852

PROVISIONS FOR LIABILITIES 16,879 25,000
NET ASSETS 2,132,010 2,125,852

CAPITAL AND RESERVES
Called up share capital 10 2,001,000 2,001,000
Retained earnings 131,010 124,852
SHAREHOLDERS' FUNDS 2,132,010 2,125,852

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 18 January 2025 and were signed by:





M L Reed - Director


CCG ENTERPRISES LIMITED (REGISTERED NUMBER: 11792764)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

CCG Enterprises 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned companies within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Motor vehicles - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Plant and machinery - 15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Debtors
Short term debtors are measured at transaction price, less any impairment. This is considered to approximate to fair value.

Creditors
Short term creditors are measured at the transaction price. This is considered to approximate to fair value. 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.

Investments in subsidiaries
Investments in subsidiaries are shown in the accounts at the lower of cost and net realisable value, less provision, where applicable, for permanent diminution in value. The director annually reviews the investment value for impairment

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.


CCG ENTERPRISES LIMITED (REGISTERED NUMBER: 11792764)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. ACCOUNTING POLICIES - continued
Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

Provisions for liabilities
Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 2,785 48,022 243,334 294,141
Additions - 1,072 13,599 14,671
At 30 April 2024 2,785 49,094 256,933 308,812
DEPRECIATION
At 1 May 2023 681 10,915 68,388 79,984
Charge for year 295 5,212 39,341 44,848
At 30 April 2024 976 16,127 107,729 124,832
NET BOOK VALUE
At 30 April 2024 1,809 32,967 149,204 183,980
At 30 April 2023 2,104 37,107 174,946 214,157

CCG ENTERPRISES LIMITED (REGISTERED NUMBER: 11792764)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 1,211,702
NET BOOK VALUE
At 30 April 2024 1,211,702
At 30 April 2023 1,211,702

At the year end, investments in subsidiaries comprised 100% ownership of the following companies:

Cream IV Limited
Cream Holdings (Taunton) Limited
Cream I Limited
Cream II Limited
Cream III Limited
Cream Residential Care Limited
Cream Care Supported Living Limited
Longrun Supported Living Limited

The registered office address of the above companies is the same as for CCG Enterprises Limited.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,154 1,186
Amounts owed by group undertakings 2,069,462 2,899,327
Other debtors 948,712 791,777
3,019,328 3,692,290

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 46,961 54,734
Amounts owed to group undertakings 2,217,920 2,943,052
Taxation and social security 10,202 -
Other creditors 26,004 22,890
2,301,087 3,020,676

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 48,000 48,000
Between one and five years 192,000 192,000
In more than five years 374,427 422,427
614,427 662,427

CCG ENTERPRISES LIMITED (REGISTERED NUMBER: 11792764)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. LEASING AGREEMENTS - continued

The lease commitment relates to the company's head office building. The lease runs to February 2037, with a break clause in February 2027. As there is no intention to utilise the break clause, as the property is owned by a related party, the commitment has been disclosed for the full term of the lease. The comparative disclosure has also been updated, on this basis.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 2,001,000 2,001,000

The ordinary share capital of the company has attached to it, voting rights, dividend rights and capital distribution (including on winding up) rights.

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephanie Williams (Senior Statutory Auditor)
for and on behalf of WP Audit Services LLP

12. RELATED PARTY DISCLOSURES

There are amounts owed from companies and partnerships under common control at the year end. These balances are unsecured and have no set terms of repayment and hence have been shown as due in less than one year. The total amount due from all non-group related parties at the year end is £146,664 (2023: £131,165) and this is shown within other debtors.

The director has an overdrawn director's loan account at the year end, amounting to £466,410 (2023: £375,179). Interest of £8,744 has been charged on the balance in the year. S455 tax has been paid / reported on the balance outstanding in the current and prior years,

13. ULTIMATE CONTROLLING PARTY

The ultimate parent company is deemed to be CCGE Parasol Limited at the year end. Their registered office is Osborne House, Trull Road, Taunton, Somerset TA1 4PX.

Consolidated accounts for the group can be found at Companies House, Crown Way, Cardiff CF14 3UZ.

Martin Reed is the ultimate controlling party.