| Registered number |
| Registered number: | |||||||
| Balance Sheet | |||||||
| as at |
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| Notes | 2024 | ||||||
| £ | |||||||
| Fixed assets | |||||||
| Investments | 4 | ||||||
| Current assets | |||||||
| Debtors | 5 | ||||||
| Net current assets | |||||||
| Net assets | |||||||
| Capital and reserves | |||||||
| Called up share capital | |||||||
| Share premium | |||||||
| Shareholders' funds | |||||||
| Christopher Richard Dyett | |||||||
| Director | |||||||
| Approved by the board on |
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| Notes to the Accounts | ||||||||
| for the period from 10 September 2023 to |
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| 1 | Accounting policies | |||||||
| 1.1 | Basis of preparation | |||||||
| 1.2 | Fixed Asset Investments | |||||||
A subsidiary is an entity controlled by the company. Control is the power to cover the financial and operating policies of the entity so as to obtain benefits from its activities. 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 when it has the power to participate in the financial and operating decisions of the associate. Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities. |
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| 1.3 | Cash and Cash equivalents | |||||||
| 1.4 | Equity Instruments | |||||||
| 2 | Critical accounting judgements and key sources of estimating uncertainity | |||||||
| In the application of the company's accounting policies, the directors are required to make judgements, estimate and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
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| 3 | Employees | 2024 | ||||||
| Number | ||||||||
| Average number of persons employed by the company | ||||||||
| 4 | Fixed Asset Investments | |||||||
| Shares in group undertakings and participating interests 2024 £100 During the year the company acquired an 100% interest in CEN Advisory Ltd and CEN ESG Ltd. Both companies are registered in England and Wales. |
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| 5 | Debtors | 2024 | ||||||
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. | ||||||||
| £ | ||||||||
| Amounts owed by group undertakings and undertakings in which the company has a participating interest | 4,466 | |||||||
| 6 | Taxation | |||||||
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. | ||||||||
| 7 | Provisions | |||||||
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. | ||||||||
| 8 | Foreign currency translation | |||||||
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. | ||||||||
| 9 | Called up share capital | 2024 | 2024 | |||||
| Number | £ | |||||||
| Ordinary share capital | 204,500 | 204.50 | ||||||
| Upon incorporation the company issued 100 ordinary shares of £1.00 each. Following this on 6.10.23, the company issued a further 100 ordinary shares of £1.00 each for a share for share exchange with the shareholders of CEN Advisory Ltd and CEN ESG Ltd. On 22.1.24 the 200 ordinary shares of £1.00 each were subdivided into 200,000 shares of £0.001p. On the same day the company issued a further 4500 ordinary shares of £0.001p at a premium of £0.969 per share. | ||||||||
| 10 | Directors' transactions | |||||||
| Dividends totalling £200,000 were paid in the year in respect of shares held by the company's directors. | ||||||||
| 11 | Related party transactions | 2024 | ||||||
| £ | ||||||||
| Amount due from CEN ESG Ltd | 4466 | |||||||
| The above amount relates to funds due in respect of shares issued. | 4,466 | |||||||
| 12 | Ultimate controlling party | |||||||
| 13 | Other information | |||||||
| CEN GROUP HOLDINGS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
| JMH House | ||||||||
| 481 Green Lanes | ||||||||
| Palmers Green | ||||||||
| London | ||||||||
| N13 4BS | ||||||||