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Registered number: 13273643














16CS HOLDING LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
16CS HOLDING LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 4


 
16CS HOLDING LIMITED
REGISTERED NUMBER:13273643

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
2,000
2,000

Current assets
  

Debtors: amounts falling due within one year
 5 
1,919,020
1,000

Cash at bank and in hand
  
2,165,315
-

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(4,085,335)
(2,000)

Net current liabilities
  
 
 
(1,000)
 
 
(1,000)

  

Net assets
  
1,000
1,000


Capital and reserves
  

Called up share capital 
 7 
1,000
1,000

  
1,000
1,000


For the year ended 31 December 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 February 2025.




A Rossoz
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
16CS HOLDING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

16CS Holding Ltd is a private limited liability company registered in England and Wales. Its registered office address is at 2nd Floor Connaught House, 1-3 Mount Street, London, W1K 3NB.
The principal activity of the company during the period was that of a holding company. 
The functional and presentational currency of the company was £ sterling. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following accounting policies have been applied. 

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

At the reporting date the company had net current liabilities of £1,000. After the reporting date, on 2 April 2024, the company issued new share capital for consideration of £4,810,668 which is sufficient for the company to meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have therefore been prepared under the going concern basis.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Basic financial instruments

Basic financial instruments include trade and other debtors, trade and other creditors, cash and bank balances and related party loans.
Trade and other debtors are recognised initially at the transaction price less attributable transaction
costs. Trade and other creditors are recognised initially at transaction price plus attributable
transaction costs. Subsequent to initial recognition they are measured at amortised cost using the
effective interest method, less any impairment losses in the case of trade and other debtors. If the
arrangement constitutes a financing transaction, for example if payment is deferred beyond normal
business terms, then it is measured at the present value of future payments discounted at a market
rate of interest. 
Cash and cash equivalents comprise cash balances and call deposits.

Page 2

 
16CS HOLDING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 January 2023
2,000



At 31 December 2023
2,000





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

16CS Lease Limited
Same as parent
Ordinary
100%
16CS Operations Limited
Same as parent
Ordinary
100%


5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
1,919,000
1,000

Other debtors
20
-

1,919,020
1,000


Page 3

 
16CS HOLDING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
-
2,000

Other creditors
4,085,335
-

4,085,335
2,000



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 Ordinary shares of £1 each
1,000
1,000



8.


Post balance sheet events

On 2 April 2024 the company adopted new articles of association which created class A shares and redesignated the ordinary shares into class B shares and issued 451 class B shares of £1 each for £4,810,668. £4,085,335 was received in advance before the reporting date and is included in these financial statements in other creditors. Class A and class B shares rank pari passu in all respects except in regards to the preference for distributions. Full details on the preference for distributions are given in the Memorandum and Articles of Association which is available at Companies House.


9.


Parent undertaking

At the reporting date the immediate parent undertaking was Loulou Groupe SAS and the ultimate parent undertaking was 7 Rodier SAS. Both companies are registered in France with a registered office address of 63 Avenue Franklin Roosevelt, 75008 Paris, France.

Page 4