Company Registration No. 12385509 (England and Wales)
Consorticon Group Ltd
Unaudited accounts for filing with The Registrar
for the year ended 31 December 2024
Consorticon Group Ltd
Unaudited accounts for filing with The Registrar
Contents
Consorticon Group Ltd
Company Information
for the year ended 31 December 2024
Directors
Mrs K Williams
Mr P Critchley
Company Number
12385509 (England and Wales)
Registered Office
Censeo House
6 St. Peters Street
St Albans
Herts
AL1 3LF
United Kingdom
Consorticon Group Ltd
Statement of financial position
as at 31 December 2024
Intangible assets
30,000
30,000
Tangible assets
37,789
39,611
Investments
164,275
132,490
Cash at bank and in hand
14,140
82,521
Creditors: amounts falling due within one year
(579,819)
(321,519)
Net current assets
308,034
272,019
Net assets
376,123
341,930
Called up share capital
100
100
Profit and loss account
376,023
341,830
Shareholders' funds
376,123
341,930
For the year ending 31 December 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by
Mrs K Williams
Director
Company Registration No. 12385509
Consorticon Group Ltd
Notes to the Accounts
for the year ended 31 December 2024
Consorticon Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12385509. The registered office is Censeo House, 6 St. Peters Street, St Albans, Herts, AL1 3LF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Taxation represents the sum of tax currently payable. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible fixed assets are included at cost less accumulated amortisation over their useful economic life of between 5 and 10 years. Costs are reviewed for impairment if factors indicate that the carrying amount may be impaired.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% reducing balance
Investments in unquoted shares are included at fair value. Changes in fair value are recognised in the profit & loss account.
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.
Consorticon Group Ltd
Notes to the Accounts
for the year ended 31 December 2024
Short term trade 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.
Development costs that are directly attributable to the design and testing of identifiable and unique software products controlled by the company are recognised as intangible assets when the criteria regarding the eligibility of the asset and future economic benefits as set out in section 18 of FRS102 have been met. Capitalised development expenditure is stated at cost less accumulated amortisation and impairment losses and amortised over its useful economic life of between 5 and 10 years. Development costs are reviewed for impairment if factors indicate that the carrying amount may be impaired.
Government support grants are recognised in the accounts in other income on a systematic basis in the period that the relief relates to.
4
Intangible fixed assets
Total
At 31 December 2024
30,000
At 31 December 2024
30,000
At 31 December 2023
30,000
The cost of the intangible assets included above was contingent on future events and included at the best estimate at the time. The estimate has been revised to take account of the current position.
5
Tangible fixed assets
Total
At 31 December 2024
42,523
At 31 December 2024
37,789
At 31 December 2023
39,611
Consorticon Group Ltd
Notes to the Accounts
for the year ended 31 December 2024
6
Average number of employees
During the year the average number of employees was 5 (2023: 5).