Celsur Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06082507 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

CELSUR GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P R Battie

K A De Zoysa

SECRETARY:

K A De Zoysa

REGISTERED OFFICE:

Unit 3 Lovett Road

The Causeway

Staines

Middlesex

TW18 3AZ

REGISTERED NUMBER:

06082507 (England and Wales)

ACCOUNTANTS:

Wilkins Kennedy

Accountants

Griffins Court

24-32 London Road

NEWBURY

Berkshire

RG14 1JX

FIXED ASSETS

Investments

3

3,060,677

3,060,677

CURRENT ASSETS

Debtors

4

380

-

Cash at bank

3,108

785

3,488

785

CREDITORS

Amounts falling due within one year

5

595,827

580,073

NET CURRENT LIABILITIES

(592,339

)

(579,288

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,468,338

2,481,389

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

2,468,238

2,481,289

SHAREHOLDERS' FUNDS

2,468,338

2,481,389

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 3 July 2019 and were signed on its behalf by:

K A De Zoysa - Director

P R Battie - Director

1.	STATUTORY INFORMATION

Celsur Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the company and rounded to the

nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies

have been consistently applied to all years presented unless otherwise stated.

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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that

affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues

and expenses during the period. However, the nature of estimation means that actual outcomes could differ from those

estimates.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction

price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Provisions

Provisions are recognised when the company has a legal or constructive obligation at the report date as a result of a past

event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be

reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Impairments

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet

date. If such indication exists, the recoverable amount of the asset, or asset's cash generating unit, is estimated and

compared to its carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is

recognised in the profit and loss, unless it's carried at a revalued amount, where the impairment loss is a revaluation

decrease.

Ultimate parent company

The ultimate parent Company is considered to be Stationery World Limited, a Company incorporated in England and

Wales, by virtue of its 100% shareholding of the parent Company, Celsur Group (UK) Limited. The registered office

address is Lovett Road, The Causeway, Staines, Middlesex, TW18 3AZ.

3.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2018

and 31 December 2018

3,060,677

NET BOOK VALUE

At 31 December 2018

3,060,677

At 31 December 2017

3,060,677

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Celsur Plastics Limited

Registered office: England & Wales

Nature of business: Manufacturer of bespoke stationery products

%

Class of shares:

holding

Ordinary

100.00

Chartdesign Limited

Registered office: England & Wales

Nature of business: Manufacturer of PU and leather products

%

Class of shares:

holding

Ordinary

100.00

Celsur Trading Limited

Registered office: England & Wales

Nature of business: Holding company

%

Class of shares:

holding

Ordinary

100.00

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

VAT

380

-

Amounts owed by group undertakings

-

511,144

380

511,144

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Creditors

-

606

Amounts owed to group undertakings

590,148

1,047,649

Taxation

4,679

40,782

Accruals

1,000

2,180

595,827

1,091,217

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/18

31/12/17

value:

£

£

100

Ordinary

£1

100

100

7.	RELATED PARTY DISCLOSURES