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REGISTERED NUMBER: 05879955 (England and Wales)








Unaudited Financial Statements

For The Year Ended 31 December 2024

for

CGP (South West) Limited

CGP (South West) Limited (Registered number: 05879955)






Contents of the Financial Statements
For The Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CGP (South West) Limited

Company Information
For The Year Ended 31 December 2024







DIRECTORS: T Abrahall
H Abrahall
Y Elliott
C Elliott





SECRETARY: Y Elliott





REGISTERED OFFICE: Pittens House
Aveton Gifford
Kingsbridge
Devon
TQ7 4FA





REGISTERED NUMBER: 05879955 (England and Wales)





ACCOUNTANTS: TC Bromhead Limited
Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

CGP (South West) Limited (Registered number: 05879955)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 960,855 962,678

CURRENT ASSETS
Debtors 5 80,140 97,009
Cash at bank and in hand 64,219 52,809
144,359 149,818
CREDITORS
Amounts falling due within one year 6 456,987 499,877
NET CURRENT LIABILITIES (312,628 ) (350,059 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

648,227

612,619

CREDITORS
Amounts falling due after more than one
year

7

(300,000

)

(300,000

)

PROVISIONS FOR LIABILITIES (141,645 ) (109,372 )
NET ASSETS 206,582 203,247

CAPITAL AND RESERVES
Called up share capital 83 83
Share premium 35,997 35,997
Retained earnings 170,502 167,167
206,582 203,247

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

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

The directors acknowledge their 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.

CGP (South West) Limited (Registered number: 05879955)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:




H Abrahall - Director



Y Elliott - Director


CGP (South West) Limited (Registered number: 05879955)

Notes to the Financial Statements
For The Year Ended 31 December 2024

1. STATUTORY INFORMATION

CGP (South West) 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on reducing balance and 2% on cost

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

CGP (South West) Limited (Registered number: 05879955)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 1,159,179
Additions 23,092
At 31 December 2024 1,182,271
DEPRECIATION
At 1 January 2024 196,501
Charge for year 24,915
At 31 December 2024 221,416
NET BOOK VALUE
At 31 December 2024 960,855
At 31 December 2023 962,678

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 21 21
Other debtors 80,119 96,988
80,140 97,009

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 1,472 4,558
Taxation and social security 25 4,080
Other creditors 455,490 491,239
456,987 499,877

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Other creditors 300,000 300,000

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 3,330 3,330
Between one and five years 13,319 13,319
In more than five years 29,735 33,065
46,384 49,714