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REGISTERED NUMBER: 12642881 (England and Wales)











CT SOLUTIONS & PRIVATE ADVISORY LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






CT SOLUTIONS & PRIVATE ADVISORY LIMITED (REGISTERED NUMBER: 12642881)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


CT SOLUTIONS & PRIVATE ADVISORY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: Sir Lynton K Crosby AO
S D Muncer





REGISTERED OFFICE: One Strand
Trafalgar Square
London
WC2N 5EJ





REGISTERED NUMBER: 12642881 (England and Wales)





AUDITOR: Crowe U.K. LLP
55 Ludgate Hill
London
EC4M 7JW

CT SOLUTIONS & PRIVATE ADVISORY LIMITED (REGISTERED NUMBER: 12642881)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,730 12,284

CURRENT ASSETS
Debtors 5 455,427 1,085,075
Cash at bank and in hand 1,018 279,814
456,445 1,364,889
CREDITORS
Amounts falling due within one year 6 65,970 714,504
NET CURRENT ASSETS 390,475 650,385
TOTAL ASSETS LESS CURRENT
LIABILITIES

395,205

662,669

PROVISIONS FOR LIABILITIES 1,183 3,071
NET ASSETS 394,022 659,598

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 393,922 659,498
SHAREHOLDERS' FUNDS 394,022 659,598

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th December 2024 and were signed on its behalf by:





S D Muncer - Director


CT SOLUTIONS & PRIVATE ADVISORY LIMITED (REGISTERED NUMBER: 12642881)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

CT Solutions & Private Advisory Limited 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 (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable from clients for services and rechargeable expenses, exclusive of sales taxes. Fees are earnt principally on a monthly basis over the course of the contract, invoiced monthly in advance. Amounts invoiced in advance at the year-end are recognised as deferred income. Fees that are contingent on the occurrence of a future event that is outside the control of the company are recognised on the occurrence of that event.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Debtors are initially measured at transaction price (including transaction costs) and subsequently at cost less any impairment.

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


CT SOLUTIONS & PRIVATE ADVISORY LIMITED (REGISTERED NUMBER: 12642881)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

3. EMPLOYEES

The average number of employees during the year was NIL (2023 - 9 ).

CT SOLUTIONS & PRIVATE ADVISORY LIMITED (REGISTERED NUMBER: 12642881)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2023
and 30th June 2024 27,498
DEPRECIATION
At 1st July 2023 15,214
Charge for year 7,554
At 30th June 2024 22,768
NET BOOK VALUE
At 30th June 2024 4,730
At 30th June 2023 12,284

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 329,000 1,002,755
Amounts owed by group undertakings 126,427 39,790
Other debtors - 42,530
455,427 1,085,075

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 65,970 546,815
Taxation and social security - 167,689
65,970 714,504

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Stephen Bullock (Senior Statutory Auditor)
for and on behalf of Crowe U.K. LLP

CT SOLUTIONS & PRIVATE ADVISORY LIMITED (REGISTERED NUMBER: 12642881)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


8. ULTIMATE CONTROLLING PARTY

The immediate parent company is CT Group International Limited, a company incorporated in England and Wales, which owns 100% of the ordinary share capital.

The ultimate controlling parties are the directors of CT Group Holdings Limited, which is the ultimate parent company and whose registered office is One Strand, Trafalgar Square, London WC2N 5EJ.

The results of CT Solutions & Private Advisory Limited are included in the consolidated accounts of CT Group Holdings Limited.