Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-302025-03-302024-03-31truefalseElectrical installation, public houses and investment property44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03947869 2024-03-31 2025-03-30 03947869 2023-03-31 2024-03-30 03947869 2025-03-30 03947869 2024-03-30 03947869 c:Director1 2024-03-31 2025-03-30 03947869 d:Buildings 2024-03-31 2025-03-30 03947869 d:Buildings 2025-03-30 03947869 d:Buildings 2024-03-30 03947869 d:Buildings d:OwnedOrFreeholdAssets 2024-03-31 2025-03-30 03947869 d:PlantMachinery 2024-03-31 2025-03-30 03947869 d:PlantMachinery 2025-03-30 03947869 d:PlantMachinery 2024-03-30 03947869 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-03-31 2025-03-30 03947869 d:MotorVehicles 2024-03-31 2025-03-30 03947869 d:MotorVehicles 2025-03-30 03947869 d:MotorVehicles 2024-03-30 03947869 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-03-31 2025-03-30 03947869 d:FurnitureFittings 2024-03-31 2025-03-30 03947869 d:FurnitureFittings 2025-03-30 03947869 d:FurnitureFittings 2024-03-30 03947869 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-03-31 2025-03-30 03947869 d:ComputerEquipment 2024-03-31 2025-03-30 03947869 d:ComputerEquipment 2025-03-30 03947869 d:ComputerEquipment 2024-03-30 03947869 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-03-31 2025-03-30 03947869 d:OwnedOrFreeholdAssets 2024-03-31 2025-03-30 03947869 d:FreeholdInvestmentProperty 2024-03-31 2025-03-30 03947869 d:FreeholdInvestmentProperty 2025-03-30 03947869 d:FreeholdInvestmentProperty 2024-03-30 03947869 d:CurrentFinancialInstruments 2025-03-30 03947869 d:CurrentFinancialInstruments 2024-03-30 03947869 d:Non-currentFinancialInstruments 2025-03-30 03947869 d:Non-currentFinancialInstruments 2024-03-30 03947869 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-30 03947869 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-30 03947869 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-30 03947869 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-30 03947869 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-03-30 03947869 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-30 03947869 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-03-30 03947869 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-30 03947869 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-03-30 03947869 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-30 03947869 d:ShareCapital 2025-03-30 03947869 d:ShareCapital 2024-03-30 03947869 d:InvestmentPropertiesRevaluationReserve 2024-03-31 2025-03-30 03947869 d:InvestmentPropertiesRevaluationReserve 2025-03-30 03947869 d:InvestmentPropertiesRevaluationReserve 2024-03-30 03947869 d:RetainedEarningsAccumulatedLosses 2024-03-31 2025-03-30 03947869 d:RetainedEarningsAccumulatedLosses 2025-03-30 03947869 d:RetainedEarningsAccumulatedLosses 2024-03-30 03947869 d:AcceleratedTaxDepreciationDeferredTax 2025-03-30 03947869 d:AcceleratedTaxDepreciationDeferredTax 2024-03-30 03947869 d:TaxLossesCarry-forwardsDeferredTax 2025-03-30 03947869 d:TaxLossesCarry-forwardsDeferredTax 2024-03-30 03947869 d:OtherDeferredTax 2025-03-30 03947869 d:OtherDeferredTax 2024-03-30 03947869 c:FRS102 2024-03-31 2025-03-30 03947869 c:AuditExempt-NoAccountantsReport 2024-03-31 2025-03-30 03947869 c:FullAccounts 2024-03-31 2025-03-30 03947869 c:PrivateLimitedCompanyLtd 2024-03-31 2025-03-30 03947869 2 2024-03-31 2025-03-30 03947869 6 2024-03-31 2025-03-30 03947869 e:PoundSterling 2024-03-31 2025-03-30 iso4217:GBP xbrli:pure

Registered number:  03947869














CPL HOLDINGS (UK) LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025


 
CPL HOLDINGS (UK) LTD
REGISTERED NUMBER: 03947869

BALANCE SHEET
AS AT 30 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
493,759
490,394

Investments
 5 
1
1

Investment property
  
1,751,040
1,815,000

  
2,244,800
2,305,395

Current assets
  

Stocks
  
4,222
4,461

Debtors: amounts falling due after more than one year
 7 
78,609
75,780

Debtors: amounts falling due within one year
 7 
319,223
351,380

Cash at bank and in hand
 8 
127,571
86,973

  
529,625
518,594

Creditors: amounts falling due within one year
 9 
(1,191,823)
(1,239,299)

Net current liabilities
  
 
 
(662,198)
 
 
(720,705)

Total assets less current liabilities
  
1,582,602
1,584,690

Creditors: amounts falling due after more than one year
 10 
(111,527)
(125,759)

Provisions for liabilities
  

Deferred tax
  
(188,139)
(187,303)

  
 
 
(188,139)
 
 
(187,303)

Net assets
  
1,282,936
1,271,628


Capital and reserves
  

Called up share capital 
  
2
2

Investment property reserve
  
710,060
718,259

Profit and loss account
  
572,874
553,367

  
1,282,936
1,271,628


Page 1

 
CPL HOLDINGS (UK) LTD
REGISTERED NUMBER: 03947869
    
BALANCE SHEET (CONTINUED)
AS AT 30 MARCH 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




W J Turnbull Jnr
Director

Date: 31 July 2025

The notes on pages 3 to 14 form part of these financial statements.

Page 2

 
CPL HOLDINGS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England & Wales (no. 03947869). The registered office is Brown Hill Naze Farm Oldham Road, Denshaw, Oldham, England, OL3 5SN.
These financial statements present information about the company as an individual undertaking; it is not a member of a group of companies. The principal activities of the company are that of operating public houses, electrical equipment hire and electrical installation.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
CPL HOLDINGS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025

2.Accounting policies (continued)

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
CPL HOLDINGS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
No depreciation
Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance
Computer equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
CPL HOLDINGS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025

2.Accounting policies (continued)

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 4).

Page 6

 
CPL HOLDINGS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment

£
£
£
£
£



Cost or valuation


At 31 March 2024
325,839
223,639
82,730
8,245
3,987


Additions
-
27,901
44,995
-
-


Disposals
-
(28,813)
(31,990)
-
-



At 30 March 2025

325,839
222,727
95,735
8,245
3,987



Depreciation


At 31 March 2024
-
101,106
42,918
7,020
3,002


Charge for the year on owned assets
-
30,842
13,141
306
246


Disposals
-
(17,313)
(18,494)
-
-



At 30 March 2025

-
114,635
37,565
7,326
3,248



Net book value



At 30 March 2025
325,839
108,092
58,170
919
739



At 30 March 2024
325,839
122,532
39,812
1,225
986
Page 7

 
CPL HOLDINGS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 31 March 2024
644,440


Additions
72,896


Disposals
(60,803)



At 30 March 2025

656,533



Depreciation


At 31 March 2024
154,046


Charge for the year on owned assets
44,535


Disposals
(35,807)



At 30 March 2025

162,774



Net book value



At 30 March 2025
493,759



At 30 March 2024
490,394

Page 8

 
CPL HOLDINGS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 31 March 2024
1



At 30 March 2025
1





6.


Investment property


Freehold investment property

£



Valuation


At 31 March 2024
1,815,000


Additions at cost
11,040


Disposals
(75,000)



At 30 March 2025
1,751,040

The 2025 valuations were made by the directors, on an open market value for existing use basis.

2025
2024
£
£

Revaluation reserves


At 31 March 2024
718,259
-

Net revaluation surplus / (deficit)
(8,199)
718,259

At 30 March 2025
710,060
718,259




Page 9

 
CPL HOLDINGS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025

7.


Debtors

2025
2024
£
£

Due after more than one year

Other debtors
78,609
75,780

78,609
75,780


2025
2024
£
£

Due within one year

Trade debtors
13,441
69,627

Other debtors
280,407
273,415

Prepayments and accrued income
25,375
8,338

319,223
351,380



8.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
127,571
86,973

127,571
86,973


Page 10

 
CPL HOLDINGS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025

9.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
7,626
19,074

Trade creditors
28,198
47,763

Corporation tax
14,351
22,111

Other taxation and social security
14,504
27,705

Obligations under finance lease and hire purchase contracts
31,968
26,361

Other creditors
1,091,544
1,091,628

Accruals and deferred income
3,632
4,657

1,191,823
1,239,299


The following liabilities were secured:

2025
2024
£
£



Bank loans
7,626
19,074

Obligations under finance lease and hire purchase contracts
31,968
26,361

39,594
45,435

Details of security provided:

Bank loans are mortgages secured by fixed charges held against the relevant properties.
Obligations under finance lease and hire purchase contracts are secured against the assets concerned.

Page 11

 
CPL HOLDINGS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025

10.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
62,422
66,805

Obligations under finance leases and hire purchase contracts
49,105
58,954

111,527
125,759


The following liabilities were secured:

2025
2024
£
£



Bank loans
62,422
66,805

Obligations under finance leases and hire purchase contracts
49,105
58,954

111,527
125,759

Details of security provided:

Bank loans are mortgages secured by fixed charges held against the relevant properties.
Obligations under finance lease and hire purchase contracts are secured against the assets concerned.


11.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
7,626
19,074

Amounts falling due 1-2 years

Bank loans
7,626
11,941

Amounts falling due 2-5 years

Bank loans
1,082
16,130

Amounts falling due after more than 5 years

Bank loans
53,714
38,733

70,048
85,878


Page 12

 
CPL HOLDINGS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025

12.


Deferred taxation




2025


£






At beginning of year
(187,303)


Charged to profit or loss
(836)



At end of year
(188,139)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Fixed asset timing differences
(41,980)
(41,139)

Short term timing differences
35
30

Unrealised capital (gains)/losses
(146,194)
(146,194)

(188,139)
(187,303)


13.


Reserves

Investment property revaluation reserve

Relates to the revaluation of the freehold investment property in current and prior periods.

Profit and loss account

Retained earnings includes all current and prior period profits and losses less dividends paid.


14.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £865 (2024 - £938). Contributions totalling £114 (2024 - £199) were payable to the fund at the balance sheet date and are included in creditors.

Page 13

 
CPL HOLDINGS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025

15.


Related party transactions

The following amounts were payable (to) / from related parties at the balance sheet date:


2025
2024
£
£

W J Turnbull Jnr
280,407
273,079
W Turnbull & Sons Ltd
(1,091,428)
(1,091,428)

W J Turnbull Jnr is the director and sole shareholder.
W Turnbull & Sons Ltd is a connected company.
 The loans are repayable on demand.


16.


Controlling party

The company is under the control of the director.

 
Page 14