CBD PAYMENT PROCESSING LIMITED

Company Registration Number:
NI693838 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

CBD PAYMENT PROCESSING LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

CBD PAYMENT PROCESSING LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

4 months to 31 May 2023


£

£
Called up share capital not paid: 10,000 10,000
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 121,408 95,222
Investments: 4 1,250,000 0
Total fixed assets: 1,371,408 95,222
Current assets
Stocks: 0 0
Debtors:   7,055,883 1,567,914
Cash at bank and in hand: 216,000 267,924
Investments:   0 0
Total current assets: 7,271,883 1,835,838
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 7,271,883 1,835,838
Total assets less current liabilities: 8,653,291 1,941,060
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 (1,931,060)
Total net assets (liabilities): 8,653,291 10,000
Capital and reserves
Called up share capital: 10,000 10,000
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 7,500,000 0
Profit and loss account: 1,143,291 0
Shareholders funds: 8,653,291 10,000

The notes form part of these financial statements

CBD PAYMENT PROCESSING LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 January 2025
and signed on behalf of the board by:

Name: Yesim Mulholland
Status: Director

The notes form part of these financial statements

CBD PAYMENT PROCESSING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CBD PAYMENT PROCESSING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 4 months to 31 May 2023
Average number of employees during the period 34 1

CBD PAYMENT PROCESSING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 95,222
Additions 26,186
Disposals 0
Revaluations 0
Transfers 0
At 31 May 2024 121,408
Depreciation
At 01 June 2023 0
Charge for year 0
On disposals 0
Other adjustments 0
At 31 May 2024 0
Net book value
At 31 May 2024 121,408
At 31 May 2023 95,222

CBD PAYMENT PROCESSING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Fixed investments

Office space purchased.

CBD PAYMENT PROCESSING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Loans to directors

Name of director receiving advance or credit: Yesim Mulholland
Description of the loan: £120,000 for vehicle purchase.
£
Balance at 01 June 2023 0
Advances or credits made: 120,000
Advances or credits repaid: 0
Balance at 31 May 2024 120,000