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REGISTERED NUMBER: 11983982 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 May 2024

for

CONSILIUM CXXI HOLDINGS LTD

CONSILIUM CXXI HOLDINGS LTD (REGISTERED NUMBER: 11983982)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CONSILIUM CXXI HOLDINGS LTD

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: T Parker
SB Pearson
R A Allen





REGISTERED OFFICE: 3 Southernhay West
Exeter
Devon
EX1 1JG





REGISTERED NUMBER: 11983982 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

CONSILIUM CXXI HOLDINGS LTD (REGISTERED NUMBER: 11983982)

Balance Sheet
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 479,688 7,731
Tangible assets 6 9,650 12,953
Investments 7 16,408 520,880
505,746 541,564

CURRENT ASSETS
Debtors 8 237,118 510,846
Cash at bank 1,290 7,360
238,408 518,206
CREDITORS
Amounts falling due within one year 9 (296,547 ) (523,490 )
NET CURRENT LIABILITIES (58,139 ) (5,284 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

447,607

536,280

CREDITORS
Amounts falling due after more than one
year

10

(412,000

)

(430,000

)

PROVISIONS FOR LIABILITIES (1,884 ) (3,930 )
NET ASSETS 33,723 102,350

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 33,623 102,250
33,723 102,350

CONSILIUM CXXI HOLDINGS LTD (REGISTERED NUMBER: 11983982)

Balance Sheet - continued
31 MAY 2024


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

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

The directors acknowledge their 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





SB Pearson - Director


CONSILIUM CXXI HOLDINGS LTD (REGISTERED NUMBER: 11983982)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024


1. COMPANY INFORMATION

Consilium Cxxi Holdings Ltd 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 (£).


The company's principal business address is 3 Northleigh House, Thorverton Road, Matford Business Park, Exeter, EX2 8HF.

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Consilium Cxxi Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of sixteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% straight line
Fixtures and fittings - 20% reducing balance

Investments in subsidiaries
Investments are held at cost less any permanent diminution in value.

CONSILIUM CXXI HOLDINGS LTD (REGISTERED NUMBER: 11983982)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


3. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Company recharges and management fees

Other income
Includes recharged costs and management fees charged to group companies.

Expenses
The company recharges all of it's wages across to the group trading companies in accordance with which company the employee works for.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

CONSILIUM CXXI HOLDINGS LTD (REGISTERED NUMBER: 11983982)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


5. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 June 2023 - 9,923 9,923
Reclassification on hive up 504,479 - 504,479
At 31 May 2024 504,479 9,923 514,402
AMORTISATION
At 1 June 2023 - 2,192 2,192
Charge for year 31,530 992 32,522
At 31 May 2024 31,530 3,184 34,714
NET BOOK VALUE
At 31 May 2024 472,949 6,739 479,688
At 31 May 2023 - 7,731 7,731

The value of goodwill has been transferred from investments to reflect the hive up of trade and assets of Brick-Clad Limited.

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 19,734 6,520 26,254
Disposals - (1,674 ) (1,674 )
At 31 May 2024 19,734 4,846 24,580
DEPRECIATION
At 1 June 2023 9,042 4,259 13,301
Charge for year 2,138 1,165 3,303
Eliminated on disposal - (1,674 ) (1,674 )
At 31 May 2024 11,180 3,750 14,930
NET BOOK VALUE
At 31 May 2024 8,554 1,096 9,650
At 31 May 2023 10,692 2,261 12,953

CONSILIUM CXXI HOLDINGS LTD (REGISTERED NUMBER: 11983982)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023 520,880
Additions 7
Reclassification on hive up (504,479 )
At 31 May 2024 16,408
NET BOOK VALUE
At 31 May 2024 16,408
At 31 May 2023 520,880

Fixed assets investments are unlisted.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 224,669 499,865
Other debtors 12,449 10,981
237,118 510,846

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,361 3,062
Amounts owed to group undertakings 237,428 478,468
Taxation and social security 16,577 5,900
Other creditors 33,181 36,060
296,547 523,490

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 412,000 430,000

CONSILIUM CXXI HOLDINGS LTD (REGISTERED NUMBER: 11983982)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 25,924 31,958
Between one and five years 43,005 69,489
68,929 101,447

The above lease has been recharged to another company within the group, however the lease commitments is with Consilium Cxxi Holdings Ltd and has been disclosed above.

12. SECURED DEBTS

There is a fixed and floating charge with RBS Invoice Finance Ltd over all the assets and undertakings of the company.

13. RELATED PARTY DISCLOSURES

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 subsidiaries within the group.

Subsidiary company
Following cessation of the subsidiary trade during the year, it was agreed with both parties that the remaining balance owing on the loan from the subsidiary company of £70,406 be written off in the year. The loan was interest free and repayable on demand.

14. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.