IRIS Accounts Production v24.3.0.553 06841076 director 1.4.23 31.3.24 31.3.24 0 0 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068410762023-03-31068410762024-03-31068410762023-04-012024-03-31068410762022-03-31068410762022-04-012023-03-31068410762023-03-3106841076ns15:EnglandWales2023-04-012024-03-3106841076ns14:PoundSterling2023-04-012024-03-3106841076ns10:Director12023-04-012024-03-3106841076ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106841076ns10:SmallEntities2023-04-012024-03-3106841076ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106841076ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106841076ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106841076ns10:FullAccounts2023-04-012024-03-310684107612023-04-012024-03-3106841076ns10:RegisteredOffice2023-04-012024-03-3106841076ns5:CurrentFinancialInstruments2024-03-3106841076ns5:CurrentFinancialInstruments2023-03-3106841076ns5:Non-currentFinancialInstruments2024-03-3106841076ns5:Non-currentFinancialInstruments2023-03-3106841076ns5:ShareCapital2024-03-3106841076ns5:ShareCapital2023-03-3106841076ns5:RetainedEarningsAccumulatedLosses2024-03-3106841076ns5:RetainedEarningsAccumulatedLosses2023-03-3106841076ns5:NetGoodwill2023-04-012024-03-3106841076ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106841076ns5:PlantMachinery2023-04-012024-03-3106841076ns5:NetGoodwill2023-03-3106841076ns5:NetGoodwill2024-03-3106841076ns5:NetGoodwill2023-03-3106841076ns5:PlantMachinery2023-03-3106841076ns5:PlantMachinery2024-03-3106841076ns5:PlantMachinery2023-03-3106841076ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106841076ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31068410761ns10:Director12023-03-31068410761ns10:Director12022-03-31068410761ns10:Director12023-04-012024-03-31068410761ns10:Director12022-04-012023-03-31068410761ns10:Director12024-03-31068410761ns10:Director12023-03-31
REGISTERED NUMBER: 06841076 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

C.E.G Management Limited

C.E.G Management Limited (Registered number: 06841076)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C.E.G Management Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J P Fay





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 06841076 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

C.E.G Management Limited (Registered number: 06841076)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - -
Investment property 6 1,150,000 1,950,000
1,150,000 1,950,000

CURRENT ASSETS
Debtors 7 73,283 37,826
Cash at bank 23,325 56,728
96,608 94,554
CREDITORS
Amounts falling due within one year 8 213,456 252,520
NET CURRENT LIABILITIES (116,848 ) (157,966 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,033,152

1,792,034

CREDITORS
Amounts falling due after more than one
year

9

(177,917

)

(722,162

)

PROVISIONS FOR LIABILITIES (178,531 ) (193,791 )
NET ASSETS 676,704 876,081

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 676,604 875,981
SHAREHOLDERS' FUNDS 676,704 876,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

C.E.G Management Limited (Registered number: 06841076)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 27 March 2025 and were signed by:





J P Fay - Director


C.E.G Management Limited (Registered number: 06841076)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

C.E.G Management 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable on a public house and property investment, excluding discounts, rebates, value added tax and other sales. Income is recognised as the rents are paid.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

Investment property
The company's accounting policy is to treat properties held for rental income as investment properties. No depreciation is provided on these properties and they are recorded in the balance sheet at their open market value as determined each year. The change in valuation is taken to the revaluation reserve.

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.

C.E.G Management Limited (Registered number: 06841076)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 611,475
AMORTISATION
At 1 April 2023
and 31 March 2024 611,475
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 39,791
DEPRECIATION
At 1 April 2023
and 31 March 2024 39,791
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

C.E.G Management Limited (Registered number: 06841076)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,950,000
Disposals (800,000 )
At 31 March 2024 1,150,000
NET BOOK VALUE
At 31 March 2024 1,150,000
At 31 March 2023 1,950,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 1,047,665
Cost 102,335
1,150,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by associates 20,005 15,371
Other debtors 53,278 22,455
73,283 37,826

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 22,601 70,237
Taxation and social security 150,087 142,531
Other creditors 40,768 39,752
213,456 252,520

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 177,917 722,162

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 99,792 429,655

C.E.G Management Limited (Registered number: 06841076)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Lloyds Bank plc 181,018 763,899

The loan to Lloyds Bank plc is secured by a fixed and floating charge over the assets of the company, dated 24 May 2018.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
J P Fay
Balance outstanding at start of year - 18,233
Amounts advanced - 1,767
Amounts repaid - (20,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

12. RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £19,885, (2023 £15,251), owing from GWF Catering Limited, in which Mr J P Fay is the sole shareholder.

Included within other debtors is an amount of £120, (2023 £120), owing from Grinterac Limited, in which Mr J P Fay is the sole shareholder.

Included within other debtors is an amount of £53,277, (2023 £31,365, creditor), owing from Mr D Fay,a shareholder.

Included within other creditors is an amount of £12,528, (2023 £7,472, debtor), owing to Ms D Fay,a shareholder.

Included within other creditors is an amount of £6,017, (2023 £13,982,), owing to Ms D Fay, a shareholder.