0 05/05/2023 31/05/2024 2024-05-31 false false false false false false false true false false true false false false false true false false No description of principal activities is disclosed 2023-05-05 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP NI696917 2023-05-05 2024-05-31 NI696917 2024-05-31 NI696917 2023-05-04 NI696917 bus:OrdinaryShareClass1 2023-05-05 2024-05-31 NI696917 bus:Director1 2023-05-05 2024-05-31 NI696917 core:WithinOneYear 2024-05-31 NI696917 core:ShareCapital 2024-05-31 NI696917 core:RetainedEarningsAccumulatedLosses 2024-05-31 NI696917 bus:OrdinaryShareClass1 core:ShareCapital 2024-05-31 NI696917 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-05-31 NI696917 core:CostValuation core:Non-currentFinancialInstruments 2024-05-31 NI696917 core:Non-currentFinancialInstruments 2024-05-31 NI696917 bus:Director1 2024-05-31 NI696917 bus:SmallEntities 2023-05-05 2024-05-31 NI696917 bus:AuditExempt-NoAccountantsReport 2023-05-05 2024-05-31 NI696917 bus:SmallCompaniesRegimeForAccounts 2023-05-05 2024-05-31 NI696917 bus:PrivateLimitedCompanyLtd 2023-05-05 2024-05-31 NI696917 bus:FullAccounts 2023-05-05 2024-05-31
Company registration number: NI696917
CSK Enterprises Ltd
Unaudited filleted financial statements
31 May 2024
CSK Enterprises Ltd
Contents
Statement of financial position
Notes to the financial statements
CSK Enterprises Ltd
Statement of financial position
31 May 2024
31/05/24
Note £ £
Fixed assets
Investments 5 483,959
_______
483,959
Current assets
Debtors 6 648
Cash at bank and in hand 8,534
_______
9,182
Creditors: amounts falling due
within one year 7 ( 485,402)
_______
Net current liabilities ( 476,220)
_______
Total assets less current liabilities 7,739
_______
Net assets 7,739
_______
Capital and reserves
Called up share capital 8 100
Profit and loss account 7,639
_______
Shareholder funds 7,739
_______
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 31 January 2025 , and are signed on behalf of the board by:
Ms Nichola Kingsbury
Director
Company registration number: NI696917
CSK Enterprises Ltd
Notes to the financial statements
Period ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 12 McQuillan Park, Limavady, BT49 0BQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are 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. Deferred tax is measured 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.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the period amounted to Nil.
5. Investments
Other investments other than loans Total
£ £
Cost
At 5 May 2023 - -
Additions 483,959 483,959
_______ _______
At 31 May 2024 483,959 483,959
_______ _______
Impairment
At 5 May 2023 and 31 May 2024 - -
_______ _______
Carrying amount
At 31 May 2024 483,959 483,959
_______ _______
Investment Properties have been valued by the director, based on their knowledge of the property market.
6. Debtors
31/05/24
£
Trade debtors 540
Other debtors 108
_______
648
_______
7. Creditors: amounts falling due within one year
31/05/24
£
Trade creditors 1,477
Corporation tax 1,792
Other creditors 482,133
_______
485,402
_______
8. Called up share capital
Issued, called up and fully paid
31/05/24
No £
Ordinary shares shares of £ 1.00 each 100 100
_______ _______
9. Directors advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
Period ended 31/05/24
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Ms Nichola Kingsbury - 1,137 ( 482,326) ( 481,189)
_______ _______ _______ _______
Directors' loans are repayable on demand. Interest is charged on overdrawn directors' loans at HMRC's official rate.