Company registration number 11478357 (England and Wales)
CJNL INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
CJNL INVESTMENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CJNL INVESTMENTS LIMITED
BALANCE SHEET
AS AT
29 SEPTEMBER 2023
29 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
1,511,781
1,259,728
Current assets
Debtors
6
109,220
80,349
Cash at bank and in hand
940,538
1,357,224
1,049,758
1,437,573
Creditors: amounts falling due within one year
7
(192,467)
(3,124)
Net current assets
857,291
1,434,449
Net assets
2,369,072
2,694,177
Capital and reserves
Called up share capital
8
200
200
Profit and loss reserves
2,368,872
2,693,977
Total equity
2,369,072
2,694,177
For the financial year ended 29 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 9 April 2025
Mr M A Lyons
Director
Company registration number 11478357 (England and Wales)
CJNL INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2023
- 2 -
1
Accounting policies
Company information
CJNL Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Mentor House, Ainsworth Street, Blackburn, Lancashire, BB1 6AY.
1.1
Reporting period
These financial statements cover the year to 29 September 2023. The comparative figures cover the 16 month period to 29 September 2022, the accounting reference date having been amended to align with group companies.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain investments at fair value. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.3
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Other investments are initially measured at cost and subsequently measured at fair value if a reliable estimate of fair value can be made. Movements in fair value are reflected in the profit and loss account.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
CJNL INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 SEPTEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
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.
Basic financial liabilities
Basic financial liabilities, including creditors and loans, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
205
205
Other investments other than loans
1,511,576
1,259,523
1,511,781
1,259,728
CJNL INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 SEPTEMBER 2023
3
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Shares in subsidiaries and associates
Other investments
Total
£
£
£
Cost or valuation
At 30 September 2022
205
1,259,523
1,259,728
Additions
-
252,053
252,053
At 29 September 2023
205
1,511,576
1,511,781
Carrying amount
At 29 September 2023
205
1,511,576
1,511,781
At 29 September 2022
205
1,259,523
1,259,728
4
Subsidiaries
Details of the company's subsidiaries at 29 September 2023 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
ICU Consultancy Ltd
Mentor House, Ainsworth Street, Blackburn
A Ordinary
51.00
CJNL Consultancy Ltd
Mentor House, Ainsworth Street, Blackburn
Ordinary
100.00
5
Associates
Details of the company's associates at 29 September 2023 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Protecttwentyfour Limited
Mentor House, Ainsworth Street, Blackburn
B Ordinary
50.00
Bridgestone Construction Ltd
Hyde Park House, Cartwright Street, Hyde
F Ordinary
25.00
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
27,560
Other debtors
81,660
80,349
109,220
80,349
Other debtors include £81,660 (2022: £80,000) owed by the director.
CJNL INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 SEPTEMBER 2023
- 5 -
7
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
27,560
Other creditors
164,907
3,124
192,467
3,124
Other creditors include £159,651 (2022 - £nil) owed to a group company.
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
200
200
200
200