| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2024 |
| for |
| CPRG Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2024 |
| for |
| CPRG Limited |
| CPRG Limited (Registered number: 06911410) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 9 |
| CPRG Limited |
| Company Information |
| for the Year Ended 30 September 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Maxwell House |
| Liverpool Innovation Park |
| Liverpool |
| Merseyside |
| L7 9NJ |
| CPRG Limited (Registered number: 06911410) |
| Balance Sheet |
| 30 September 2024 |
| 30.9.24 | 30.9.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 | ( |
) | ( |
) |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| CPRG Limited (Registered number: 06911410) |
| Balance Sheet - continued |
| 30 September 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| CPRG Limited (Registered number: 06911410) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2024 |
| 1. | STATUTORY INFORMATION |
| CPRG Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| Since CPRG Limited is subject to the small companies regime, group accounts have not been prepared. The financial statements, therefore, contain information about CPRG Limited as an individual company and do not contain consolidated financial information as the parent of a group. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| CPRG Limited (Registered number: 06911410) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2024 |
| 3. | ACCOUNTING POLICIES - continued |
| Significant judgements and estimates |
| The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below. |
| (i) Fair value of fixed asset investments |
| The company makes an estimate of the fair value of its investments. When assessing fair value of investments in subsidiaries, management considers factors including the financing and profitability of the subsidiaries. |
| (ii) Fair value of investment property |
| The company makes an estimate of the fair value of its investment property. Since the property investment company is in administration, the directors assess fair value according to the content of the administrator's publicly-filed reports. |
| Turnover |
| Turnover represents value of services, net of value added tax, provided during the year. Income is recognised when the right to consideration is received. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. After initial recognition, investments in subsidiaries are measured at cost less any impairment. |
| Investment property |
| Investment properties are revalued annually with any surplus or deficit being dealt through profit and loss. No depreciation is provided in respect of investment properties. |
| Current tax |
| Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end. |
| CPRG Limited (Registered number: 06911410) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2024 |
| 3. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when 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 and that are expected to apply to the reversal of the timing difference. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - NIL). |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1 October 2023 |
| and 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| CPRG Limited (Registered number: 06911410) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2024 |
| 6. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakin |
| £ |
| COST |
| At 1 October 2023 |
| and 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| The directors have concluded that no revaluation of the company's investment in group undertakings is necessary and that the carrying amount is appropriate. |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| VAT | 6,594 | 7,500 |
| Directors' current accounts | 70,241 | 30,329 |
| Accrued expenses |
| CPRG Limited (Registered number: 06911410) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2024 |
| 9. | RESERVES |
| Revaluatio |
| reserve |
| £ |
| At 1 October 2023 |
| and 30 September 2024 | ( |
) |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023: |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| The loan provided to the director is interest-free and repayable on demand. No guarantees have been given. |
| 11. | RELATED PARTY DISCLOSURES |
| Transactions with subsidiaries of the company |
| Management services with a value of £170,000 (2023: £708,667) were provided to non wholly-owned subsidiary companies during the year. The amount outstanding on the balance sheet date amounted to £18,801 (2023: £18,801). There are no set payment terms and no guarantees have been given. |
| At the balance sheet date, the company owed £611,908 (2023: £1,329,402) to non wholly-owned subsidiary companies. The loan is repayable on demand and interest is not being charged by the subsidiary companies. No guarantees have been given. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The company is not controlled by any one individual. |
| 13. | SECURED DEBTS |
| The company's bankers have secured a debenture against all money and liabilities due from the company or the company's subsidiaries, whether now or in the future. The amount secured at the balance sheet date was £166,130 (2023: £176,250). |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| CPRG Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CPRG Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of CPRG Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CPRG Limited and state those matters that we have agreed to state to the Board of Directors of CPRG Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CPRG Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that CPRG Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CPRG Limited. You consider that CPRG Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of CPRG Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| Maxwell House |
| Liverpool Innovation Park |
| Liverpool |
| Merseyside |
| L7 9NJ |
| Date: ............................................. |