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Financial Statements |
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for the period |
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1 February 2020 to 31 December 2020 |
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for |
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CGA PEACH LIMITED |
REGISTERED NUMBER:
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Financial Statements |
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for the period |
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1 February 2020 to 31 December 2020 |
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for |
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CGA PEACH LIMITED |
CGA PEACH LIMITED (REGISTERED NUMBER: 05026224) |
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Contents of the Financial Statements |
for the period 1 February 2020 to 31 December 2020 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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CGA PEACH LIMITED |
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Company Information |
for the period 1 February 2020 to 31 December 2020 |
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Directors: |
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Secretary: |
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Registered office: |
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Registered number: |
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Auditors: |
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Northern Assurance Buildings |
9-21 Princess Street |
Manchester |
M2 4DN |
CGA PEACH LIMITED (REGISTERED NUMBER: 05026224) |
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Balance Sheet |
31 December 2020 |
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2020 | 2020 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 5 |
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Current assets |
Debtors | 6 |
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Net current assets |
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Total assets less current liabilities |
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Capital and reserves |
Called up share capital | 7 |
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Share premium | 8 |
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Other reserves | 8 |
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Retained earnings | 8 | ( |
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Shareholders' funds |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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CGA PEACH LIMITED (REGISTERED NUMBER: 05026224) |
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Notes to the Financial Statements |
for the period 1 February 2020 to 31 December 2020 |
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1. | Statutory information |
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CGA Peach Limited is a
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2. | Statement of compliance |
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3. | Accounting policies |
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Basis of preparing the financial statements |
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Following the goodwill acquisition during the period the company will recommence trading post year-end. During this restart phase group support has been made available if required, and accordingly the going concern basis of preparation is considered appropriate. |
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Goodwill |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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Financial instruments |
Short term debtors are measured at transaction price, less any impairment. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
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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. |
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4. | Employees and directors |
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The average number of employees during the period was NIL (2020 - NIL). |
CGA PEACH LIMITED (REGISTERED NUMBER: 05026224) |
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Notes to the Financial Statements - continued |
for the period 1 February 2020 to 31 December 2020 |
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5. | Intangible fixed assets |
Goodwill |
£ |
Cost |
Additions |
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At 31 December 2020 |
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Net book value |
At 31 December 2020 |
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6. | Debtors: amounts falling due within one year |
2020 | 2020 |
£ | £ |
Amounts owed by group undertakings |
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7. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2020 |
value: | £ | £ |
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Ordinary | £1 | 26,667 | 26,667 |
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8. | Reserves |
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Called up share capital |
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The called up share capital represents the nominal value of the shares issued. |
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Share premium account |
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The premium account includes the premium on issue of equity shares, net of any issue costs. |
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Capital contribution reserve |
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The capital contribution reserve represents amounts advanced by the parent company for settling outstanding liabilities. |
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Profit and loss account |
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The profit and loss account represents cumulative profits or losses net of dividends paid and other adjustments. |
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9. | Disclosure under Section 444(5B) of the Companies Act 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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10. | Related party disclosures |
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During the year, the company acquired goodwill from a fellow group company for £300,000. The resulting creditor was waived, which has been recognised as a capital contribution within other reserves. |
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Amounts of £30,039 owed to a fellow group company was written off to exceptional costs during the year. |
CGA PEACH LIMITED (REGISTERED NUMBER: 05026224) |
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Notes to the Financial Statements - continued |
for the period 1 February 2020 to 31 December 2020 |
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11. | Post balance sheet events |
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After the year end, the company received a loan amounting to £150,000 from a company under common control. |
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12. | Ultimate controlling party |
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The immediate parents undertaking of the company is Mondiale Hospitality Holdings LLP, incorporated in England and Wales. Their registered office is Waterloo Place, Watson Square, Stockport, Cheshire, SK1 3AZ. |
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The parent undertaking and ultimate controlling party of the smallest and largest group for which consolidated accounts are prepared is Mondiale Hospitality Holdings LLP incorporated in England and Wales. Consolidated accounts are available from their registered at Waterloo Place, Watson Square, Stockport, Cheshire, SK1 3AZ. |
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Mondiale Hospitality Holdings LLP is ultimately controlled by D S Walsh, by virtue of his majority shareholding. |
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During the year the immediate parents undertaking transferred from CGA Strategy Limited to Mondiale Hospitality Holdings LLP as part of a de-merger. |