Company registration number 09366745 (England and Wales)
CNBT UK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
CNBT UK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CNBT UK LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
19,045
1,784
Cash at bank and in hand
7,463
5,744
26,508
7,528
Creditors: amounts falling due within one year
5
(29,311)
(15,427)
Net current liabilities
(2,803)
(7,899)
Creditors: amounts falling due after more than one year
6
(59,831)
(57,141)
Net liabilities
(62,634)
(65,040)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(62,734)
(65,140)
Total equity
(62,634)
(65,040)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 26 June 2025
Mr P J P Ramos
Director
Company registration number 09366745 (England and Wales)
CNBT UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

CNBT UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, 1 Ashley Road, Altrincham, Cheshire, WA14 2DT.

1.1
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 £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

In light of the net liabilities of £62,634 (2023 - £65,040) at the reporting date, the director has considered the applicability of the going concern assumption.true

 

The parent undertaking has confirmed that they will provide support to enable the company, and its fellow group subsidiaries that owe money to the company, to fulfil its financial obligations as and when they fall due, and that this support will continue for a period of at least 12 months from the approval of the financial statements. The director has considered the availability of resources at group level, and concluded that these are adequate to enable the parent to provide such financial support to the company.

 

On this basis, the director is of the opinion that the financial statements should be drawn up on the going concern basis.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

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.

CNBT UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include trade and other debtors, amounts owed by fellow group companies and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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 other creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 1 (2023 - 1).

3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 and 31 December 2024
757
Depreciation and impairment
At 1 January 2024 and 31 December 2024
757
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
-
0
CNBT UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
19,045
1,382
Amounts owed by group undertakings
-
0
15
Other debtors
-
0
387
19,045
1,784
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,125
716
Taxation and social security
209
-
0
Other creditors
21,977
14,711
29,311
15,427
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings
59,831
57,141

The intercompany balance is not due for two years from the balance sheet date and no interest is charged on the balance. The balance is therefore discounted as at 31 December 2024, to the figure above, and before discounting the translated balance was £76,283 (2023 - £77,253).

7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

CNBT UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
8
Audit report information
(Continued)
- 5 -
Senior Statutory Auditor:
Alex Chidwick FCCA
Statutory Auditor:
Sumer Audit
Date of audit report:
27 June 2025
Sumer Audit is the trading name of Sumer Auditco Limited
9
Parent company

The company's ultimate and immediate parent company is FAR CAPITAL SA, which is incorporated in Portugal and prepares consolidated financial statements. The parent company's registered office is Avenida General Norton de Matos n.º 104, 5.º Piso, 4700-387 S. Vicente, Braga.

 

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