Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Clive David Morris 04/07/2013 Deborah Julia Morris 04/07/2013 20 February 2025 The principal activity of the Company during the financial year was that of a holding company 08597844 2024-03-31 08597844 bus:Director1 2024-03-31 08597844 bus:Director2 2024-03-31 08597844 2023-03-31 08597844 core:CurrentFinancialInstruments 2024-03-31 08597844 core:CurrentFinancialInstruments 2023-03-31 08597844 core:Non-currentFinancialInstruments 2024-03-31 08597844 core:Non-currentFinancialInstruments 2023-03-31 08597844 core:ShareCapital 2024-03-31 08597844 core:ShareCapital 2023-03-31 08597844 core:RetainedEarningsAccumulatedLosses 2024-03-31 08597844 core:RetainedEarningsAccumulatedLosses 2023-03-31 08597844 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-03-31 08597844 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-03-31 08597844 2023-04-01 2024-03-31 08597844 bus:FilletedAccounts 2023-04-01 2024-03-31 08597844 bus:SmallEntities 2023-04-01 2024-03-31 08597844 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08597844 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08597844 bus:Director1 2023-04-01 2024-03-31 08597844 bus:Director2 2023-04-01 2024-03-31 08597844 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 08597844 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 08597844 (England and Wales)

CFL GROUP LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

CFL GROUP LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

CFL GROUP LTD

COMPANY INFORMATION

For the financial year ended 31 March 2024
CFL GROUP LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS Clive David Morris
Deborah Julia Morris
SECRETARY Deborah Julia Morris
REGISTERED OFFICE 5th Floor Dencora Court
Tylers Avenue
Southend-On-Sea
SS1 2BB
United Kingdom
COMPANY NUMBER 08597844 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
CFL GROUP LTD

BALANCE SHEET

As at 31 March 2024
CFL GROUP LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 2,325,723 3,137,381
Investments 550,202 550,202
2,875,925 3,687,583
Current assets
Debtors 3 660,311 19,941
660,311 19,941
Creditors: amounts falling due within one year 4 ( 2,892) ( 2,858)
Net current assets 657,419 17,083
Total assets less current liabilities 3,533,344 3,704,666
Creditors: amounts falling due after more than one year ( 3,496,111) ( 3,488,441)
Net assets 37,233 216,225
Capital and reserves
Called-up share capital 100 100
Profit and loss account 37,133 216,125
Total shareholders' funds 37,233 216,225

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of CFL Group Ltd (registered number: 08597844) were approved and authorised for issue by the Board of Directors on 20 February 2025. They were signed on its behalf by:

Deborah Julia Morris
Director
CFL GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
CFL GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

CFL Group Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5th Floor Dencora Court, Tylers Avenue, Southend-On-Sea, SS1 2BB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
Amounts owed by related parties 100,311 0
Other debtors 560,000 19,941
660,311 19,941

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 1,607 1,607
Other creditors 1,285 1,251
2,892 2,858